The fifth generation (5G) of mobile networks promises ubiquitous and instantaneous connectivity for large numbers of devices globally. However, terrestrial telecommunication systems which are dependent on fiber optic cables may fall short of fulfilling these promises. One main reason is the challenge of laying fiber optics due to terrestrial or economic shortcomings. The introduction of 5G satellite communication technologies will address these challenges by providing satellite connectivity to remote locations. Moreover, with technological advancement, 5G satellite communication will change the lifestyle of common people by enabling smart homes, smart cities, smart infrastructure, and more. It will also cater to commercial and government sectors by supporting automation, satellite-based IoT, and critical mission communication for marine, army, and airforces.
Report Overview is available at: https://bisresearch.com/industry-report/global-5g-satellite-communication-market.html
The 5G satellite communication market research study offers a comprehensive analysis of the overall industry. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and the predictive models.
The report is a compilation of various segmentations, including market breakdown by application, product, and region. The report offers key driving and restraining forces for the market as well as the opportunities in different applications across the leading countries. In the extensive primary research process undertaken for this study, the sources include industry experts and key executives from prominent companies and organizations across the 5G satellite communication market supply chain.
Satellites have a pivotal role in the deployment of 5G services, owing to their inherent attributes of coverage and resilience, security, and capacity. Optimum efficiency can be achieved by utilizing the technology commonalities between 5G terrestrial and satellite networks such as software defined networking (SDN), network functions virtualization (NFV), and management and orchestration techniques. Combining 5G with satellites will allow connectivity in the landscapes where terrestrial networks cannot be deployed.
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The 5G satellite communication service holds the potential to meet the diverse industry and consumer demands, tap into new markets and generate significant growth for mobile network operators and satellite operators. Adapting the evolving technology, satellite operators and their services have been progressing over the years, and innovation can be seen across the value chain. From Intergovernmental organizations to listed companies, wholesalers of bandwidth, and non-interoperable technology to now working on standards for integration with terrestrial networks, all stakeholders in the value chain are progressing to achieve successful integration of 5G with satellite communication.
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