According to forecasts, the market for 5G satellite communications is set to expand significantly over the next decade. The commercial sector is the biggest end user for the technology, with revenue from that sector set to rise from around 1.9 billion U.S. dollars in 2022 to almost 22.7 billion U.S. dollars in 2032.
5G satellite communication market worldwide in 2022 with a forecast for 2032, by end user
(in million U.S. dollars)
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BIS Research. (December 22, 2022). 5G satellite communication market worldwide in 2022 with a forecast for 2032, by end user (in million U.S. dollars) [Graph]. In Statista. Retrieved December 31, 2024, from https://www.statista.com/statistics/1384234/global-5g-satellite-communication-market/
BIS Research. "5G satellite communication market worldwide in 2022 with a forecast for 2032, by end user (in million U.S. dollars)." Chart. December 22, 2022. Statista. Accessed December 31, 2024. https://www.statista.com/statistics/1384234/global-5g-satellite-communication-market/
BIS Research. (2022). 5G satellite communication market worldwide in 2022 with a forecast for 2032, by end user (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 31, 2024. https://www.statista.com/statistics/1384234/global-5g-satellite-communication-market/
BIS Research. "5g Satellite Communication Market Worldwide in 2022 with a Forecast for 2032, by End User (in Million U.S. Dollars)." Statista, Statista Inc., 22 Dec 2022, https://www.statista.com/statistics/1384234/global-5g-satellite-communication-market/
BIS Research, 5G satellite communication market worldwide in 2022 with a forecast for 2032, by end user (in million U.S. dollars) Statista, https://www.statista.com/statistics/1384234/global-5g-satellite-communication-market/ (last visited December 31, 2024)
5G satellite communication market worldwide in 2022 with a forecast for 2032, by end user (in million U.S. dollars) [Graph], BIS Research, December 22, 2022. [Online]. Available: https://www.statista.com/statistics/1384234/global-5g-satellite-communication-market/
