5G NTN Market Outlook 2024: Key Industry News & Emerging TrendsÂ
The 5G Non-Terrestrial Network (NTN) market is becoming crucial for providing high-speed connectivity to remote and underserved regions. By utilizing satellites and other non-terrestrial platforms, 5G NTN offers global coverage that surpasses traditional infrastructure limitations.
| 5G NTN Market Statistics (2024) | Predictions and Insights | Source |
|---|---|---|
| 1. In 2023, The UK government is allocating USD 38.91 million to boost 5G innovation in ten regions, including Glasgow and the West Midlands. | This targeted funding highlights the UK’s dedication to expanding 5G networks, nurturing regional technology hubs, and promoting digital innovation. | Contact us to view the source. |
| 2. India allocated 149 billion USD for the Ministry of Communication and 5.56 million USD for a 5G testbed in 2023, with 66.64 million USD for C-DoT R&D in FY 2023-2024. | The substantial investment in 5G infrastructure and research underscores India’s efforts to build a strong domestic 5G ecosystem and speed up network deployment. | Contact us to view the source. |
| 3. The US has launched a USD 1.5 billion fund aimed at boosting competition and diversity in the telecommunications supply chain. | The fund represents a strategic effort by the US to lessen dependence on a narrow group of suppliers and ensure a robust, competitive 5G supply chain. | Contact us to view the source. |
5G NTN Market – Key Takeaways
With the increasing demand for seamless global connectivity, the 5G Non-Terrestrial Network (NTN) market is set for significant growth. Ongoing advancements in satellite technology and network integration will be crucial in realizing the full potential of 5G NTN.