IoT and NTN Mobile Technologies are Propelling a US$124 Billion Satellite Service Market
ABI Research's latest white paper explores the ascending satellite NTN market
NEW YORK, Sept. 14, 2023 /PRNewswire/ -- There will be more than 175 million Non-Terrestrial Network (NTN) mobile connections worldwide by 2030 according to The Ascending Satellite NTN Market, the latest whitepaper from global technology intelligence firm ABI Research. The growing adoption of satellite services in the communication sector is being driven by the deployment of satellite constellations for low-latency, high-throughput network applications and to extend terrestrial network coverage. These shifts will translate to US$124.6 billion in annual satellite services revenue by the end of the decade.
"Satellite communications services have seen a new wave of enthusiasm and convergence with terrestrial networks looking to extend past their coverage zones and bridge the digital divide. We are witnessing a growing trend of operators leveraging software-defined satellites and multi-orbit solutions to meet the connectivity demands of the future," says Andrew Cavalier, Satellite Communications Industry Analyst at ABI Research.
The Third Generation Partnership Project (3GPP)'s initiative is having a profound impact on the Satellite Communications (SatCom) industry, with a wave of notable satellite operators looking to take advantage of the market opportunity being created by the convergence of satellite communications and terrestrial cellular networks. On the other side of the coin, smartphone manufacturers and chipset makers are making moves that highlight excitement for consumer-grade devices supporting satellite communications via Narrowband (NB)-NTN, NTN unmodified, and eventually, 5G New Radio (NR)-NTN.
"Much of this growth is thanks to the smaller form factor of satellites, as well as reduced launch costs by 98 percent, thanks to reusable rockets by SpaceX, and better economies of scale thanks to standardized satellite bus and payload design. All these developments make it more affordable to launch satellites into orbit and offer SatCom services to a wider audience, driving further market developments," Jake Saunders, VP Asia Pacific, explains.
To learn more about how the IoT and NTN mobile technologies are propelling the US$124.6 billion satellite services market and what that means for SatCom providers, mobile operators, and technology vendors, download the whitepaper, The Ascending Satellite NTN Market.
This whitepaper is part of ABI Research's Satellite Communications research service, which provides deep technical and quantitative analysis of the SatCom Market, leveraging decades of SatCom research and industry relationships for insider insight and expertise. Along with exclusive research and extensive market data, ABI Research's Satellite Communications research service also provides expert guidance to our clients, helping them identify their challenges, understand their markets, and optimize technology investments and strategies.
About ABI Research
ABI Research is a global technology intelligence firm delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today.
ABI Research是一家国际科技情报公司，为全球科技领袖、创新人士和决策者提供实用的市场研究和战略性指导。我们密切关注一切为各行各业、全球经济和劳动市场带来颠覆性变革的创新与技术。
For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
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Deborah Petrara
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SOURCE ABI Research
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