Satellite 5G revenues on course to hit $18 billion by 2031

Analyst firm ABI Research is predicting stellar growth for the 5G non-terrestrial network (NTN) market.
Late last week it said it expects global service revenues will see a compound annual growth rate (CAGR) of 59% between 2024 and 2031, by which time they will have reached $18 billion. ABI Research reckons those service revenues will be generated by some 200 million connections.
“The emergence of satellite-enabled mobile devices from major consumer smartphone manufacturers and chipset mak