2023-09-19 07:49:30

5G Satellite Network Launch Expected in 2024, Generating $17 Billion Revenue for Operators

A recent study by Juniper Research projects that non-terrestrial networks (NTNs) based on satellites will contribute up to £17 billion in revenue for mobile operators. The research also anticipates that the 5G satellite network will be commercially launched in 2024, preceding the operation of over 110 million 3GPP-compliant 5G connections by 2030.

Integration of Satellite Services
The expected launch of the 5G satellite network will allow mobile operators to integrate satellite connectivity into their existing terrestrial networks. This integration will facilitate the adoption of satellite services among users.
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Operators are expected to charge users monthly fees for satellite connectivity, similar to how consumers pay for terrestrial services. However, the research suggests that the uptake of satellite connectivity might be limited. Instead, operators are advised to focus on monetizing IoT and broadband connections.

Potential of IoT
Juniper Research highlights that initial users of IoT services will benefit from satellite connectivity due to the high throughput rates required for data-intensive applications. However, the research cautions that data limitations could discourage the widespread adoption of satellite services for IoT.
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