Chicago, July 24, 2024 (GLOBE NEWSWIRE) -- The global 5G NTN Market size is projected to grow from USD 7.2 billion in 2024 to USD 31.7 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 34.7% during the forecast period, according to a new report by MarketsandMarkets™. The 5G NTN industry is expanding due to advancements in satellite technology, especially with various types of constellations; it facilitates real-time applications like remote surgery and driverless cars by decreasing latency or the time it takes for data to transit. In addition, high-altitude platforms surpass traditional satellites when it comes to coverage and capacity. These technical advancements enable 5G networks to be expanded at a reasonable cost, driving significant market growth. Browse in-depth TOC on "5G NTN Market" 154 - Tables 54 - Figures 231 - Pages Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=186116188 5G NTN Market Dynamics: Drivers: Adoption of software-centric approach Need to address extreme coverage extension 3GPP evolution toward NTN interworking and integration Growing demand for IoT Restraints: Need for radio components to be grounded. Regulatory constraints Opportunities: Impact of NR-NTN integration on 5G connectivity Need for NTN in evolution toward 5G and 6G 5G NB-IoT NTN to contribute to global high speed List of Top Companies in 5G NTN Market: Qualcomm Technologies Inc (US) SoftBank Group Corporation (Japan) Thales Group (France) Rohde & Schwarz GmbH & Co KG (Germany) Keysight Technologies Inc (US) MediaTek Inc. (Taiwan) SES S.A. (Luxembourg) EchoStar Corporation (US) SpaceX (US) AST SpaceMobile (US) Get Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=186116188 By offering, the hardware segment is expected to have the largest market size during the forecast period.  The 5G ...