This research study extensively used secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg Businessweek, and Factiva, to identify and collect useful information on the satellite NTN market. Secondary sources included the space library and leading satellite NTN component providers’ product brochures. Primary sources included experts from core and related industries, preferred suppliers, manufacturers, solution providers, technology developers, alliances, and organizations related to all segments of the industry’s value chain. All primary sources were interviewed to obtain and verify critical qualitative and quantitative information and assess the prospects of the satellite NTN market. The deductive approach, also known as the bottom-up approach, combined with the top-down approach, was used to forecast the market size of different market segments.
Secondary Research
The ranking of companies in the satellite NTN market was carried out using secondary data from paid and unpaid sources and by analyzing their product portfolios and service offerings. These companies were rated based on the performance and quality of products. Primary sources further validated the data points.
Secondary sources referred to for this research study included the European Space Agency (ESA); the National Aeronautics and Space Administration (NASA); the United Nations Conference on Trade and Development (UNCTAD); the Satellite Industry Association (SIA); annual reports; investor presentations; and financial statements of trade, business, and professional associations. The secondary data was collected and analyzed to determine the market’s overall size, which primary respondents validated.
Primary Research
Extensive primary research was conducted after obtaining information about the current scenario of the satellite NTN market through secondary research. Several primary interviews were conducted with market experts from the demand and supply sides across four regions: North America, Europe, Asia Pacific, and the Rest of the World. The primary data was collected through questionnaires, emails, and telephonic interviews. These interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market size forecasting, and data triangulation. They also helped analyze the market based on technology, hardware, orbit, end use sector, application, and frequency, for the regions mentioned above.
Note 1: The tier of companies has been defined based on their total revenue as of 2024.
Note 2: Tier 1 = > USD 1 billion, Tier 2 = USD 100 million to USD 1 billion, and Tier 3 = < USD 100 million
Note 3: C-level designations include CEO, COO, and CTO.
Note 4: Others include sales, marketing, and product managers.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The top-down and bottom-up approaches were used to estimate and validate the market size. The research methodology used to estimate the market size included the following details:
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Key players were identified through secondary research, and their market ranking was determined through primary and secondary research. This included a study of annual and financial reports of the top market players and extensive interviews of leaders, including CEOs, directors, and marketing executives.
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All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
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All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.
Satellite NTN Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall size of the NTN satellite market from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures described below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various segments and sub-segments of the market. The data was triangulated by studying various factors and trends from the demand and supply sides. The market size was validated using the top-down and bottom-up approaches.
Market Definition
Satellite Non-terrestrial Network (NTN) is a communication system where satellites in low, medium, and geostationary orbits provide connectivity services to people and devices on the ground, in the air, and at sea. The 3rd-generation Partnership Project has standardized the system.
Satellite NTN allows direct communication links between user devices, such as smartphones and IoT sensors, satellites, or through relay stations on the ground. It supports services like internet access, phone calls, data transfer for IoT applications, and emergency communications in remote or hard-to-reach places.
Key Stakeholders
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Satellite Communication System Manufacturers
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Satellite Payload Component Suppliers (RF Modules, Antennas, Onboard Processors)
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Satellite Integrators and Prime Contractors
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NTN Ground Infrastructure Providers (Gateways, Hubs, SDN Orchestrators)
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Semiconductor and SoC/RFIC Vendors
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Network Service Providers and Telecom Operators
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Research and Standards Bodies (e.g., 3GPP, ETSI, ITU)
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Government Agencies and Regulatory Authorities
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Satellite Constellation Operators (LEO/MEO/GEO)
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End Use Sectors (Defense, Maritime, Aviation, Rural Broadband, IoT Providers)
Report Objectives
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To define, describe, and forecast the satellite NTN market based on orbit, frequency, technology, payload component, hardware, end use sector, and region
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To forecast the size of various segments of the market across North America, Europe, Asia Pacific, and the Rest of the World
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To identify and analyze the drivers, restraints, opportunities, and challenges influencing the growth of the market
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To identify industry trends, market trends, and technology trends currently prevailing in the satellite NTN market
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To provide an overview of the regulatory landscape with respect to satellite NTN regulations across regions
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To analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
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To analyze opportunities in the market for stakeholders by identifying key market trends
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To profile key market players and comprehensively analyze their market share and core competencies
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To evaluate the degree of competition in the market by analyzing recent developments, such as contracts, agreements, and acquisitions adopted by leading market players
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To identify detailed financial positions, key products, and unique selling points of leading companies in the market
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To provide a detailed competitive landscape of the market, along with market share analysis and revenue analysis of key players
Customization Options
MarketsandMarkets also offers customizations to meet the specific needs of companies. The following customization options are available for the report:
Product Analysis
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Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
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Further breakdown of the market segments at the country level
Company Information
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Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Satellite NTN Market