Global 5G Satellite Communication Market Research Report: Forecast (2023-28) www.marknteladvisors.com
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Market Insights According to the latest report from MarkNtel Advisors, the Global 5G Satellite Communication Market size is estimated to grow at a CAGR of around 28.91% during the forecast period, i.e., 2023-2028. This all-encompassing report delves into the 5G Satellite Communication industry, furnishing valuable insights for both businesses and investors.
Key Driver: Notable Adoption in the Aviation Sector The swift adoption of the Internet of Things (IoT) in the aviation industry in applications like real-time data exchange across processing units for optimizing operations in the sector has accelerated the industry in the historical period. Along similar lines, 5G Satellite Communications technologies are likely to present faster data exchange & reduce the overall process time, thereby gaining significant momentum across the aviation sector.
Market Segmentation of the Industry By Solutions (Backhaul and Tower Feed, Trunking and Head End Feed, CommunicationOn-the-Move, Hybrid Multiplay), By Orbit ((Geosynchronous Earth Orbit (Large, Heavy, Extra Heavy), Medium Earth Orbit (Medium,Intermediate), Low Earth Orbit (Small, Mini, Pico, Nano, Micro) Others)), By End Users ((Defense & Government, Aviation, Transportation & Logistics, Consumer Electronics, Heavy Industries (Construction & Mining), Energy & Utilities (Oil & Gas, Utilities (Smart Grid)), Others (Smart Cities, Banking & Retail, Healthcare, Media & Entertainment)), By Region (Asia-Pacific, North America, Europe, Rest-of-the-World),
Competitive Benchmarking Eutelsat S.A., Airbus S.A.S, Avanti Communications Group PLC, Gilat Satellite Networks, GomSpace A/S, OHB SE, Quortus, SpaceX, The Boeing Company, and the Thales Group.
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