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NSR Report: 5G to Become Catalyzer for Satcom Growth, Generating $32.5 Billion through 2029

NSR

Profound Transformative Power Across the Value Chain Enables Seamless Satcom Integration with Terrestrial Networks

CAMBRIDGE, Mass., Oct. 27, 2020 (GLOBE NEWSWIRE) -- NSR’s 5G via Satellite: Impacts, Demand and Revenue Potential to 2029 report, released today, forecasts deep 5G impact in the satellite ecosystem with close to 10 Million active units by 2029. Beyond the obvious use cases, like Cellular Backhaul and Trunking, a wide spectrum of applications will experience accelerated demand from 5G, including IoT, Private 5G for Corporate Networks, Mobility or even more conservative users like Gov/Mil.

“While 5G use cases generate a lot of hype, one must not underestimate the transformative power of 5G in how satellite networks are designed,” states Lluc Palerm, NSR Senior Analyst and report author. “Incorporating and standardizing technologies like SDN/NFV or Cloud, 5G Network Management System will be at the core of how future satellite networks are built, offering the scale and flexibility to optimally operate future VHTS, constellations and software defined satellites under standardized service orchestration.”

This standardized service orchestration will disrupt how the different steps of the value chain relate to each other, including mainstream Communications Service Providers. With satellite networks now being managed from a 5G core, satellite becomes seamlessly integrable with the mainstream Telco ecosystem, eliminating barriers for satellite adoption and unlocking uncountable opportunities.

Non-Terrestrial Networks were part of the definition of 5G from the beginning. In fact, the new access technology (5G NR) is modified to allow direct connectivity from mainstream devices to satellites. While performance levels might have limitations for some use cases, this is a game changer for applications like IoT and consumer devices via Satellite that now will have access to a vast addressable market counted in Billions.

For additional information on this report, including a full table of contents, list of exhibits and executive summary, please visit www.nsr.com or call NSR at 617-674-7743.

About NSR
NSR is the leading global market research and consulting firm focused on the satellite and space sectors, NSR’s global team, unparalleled coverage and anticipation of trends with a high degree of confidence and precision than the competition is the cornerstone of all NSR offerings. First to market coverage and a transparent, dependable approach sets NSR apart as the key provider of critical insight to the satellite and space industries. Contact us at info@nsr.com to discuss how we can assist your business.



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