Due to the intensive competition, the 5G satellite communication market requires telecom operators to constantly innovate and develop cost-effective services for 5G with the integration of satellite.
The existing companies as well as new entrants aim to develop 5G satellite communication networks in the adherence with the existing and forthcoming industry standards for various end-user applications.
The chapter includes key strategies adopted by the major companies operating in the global 5G satellite communication market along with the competitive strength of the key players.
These strategies and the competitive strength of major companies working in the market are analyzed to present a detailed competitive landscape of the industry.However, 5G networks are, simultaneously being focused upon for their usage in industrial communications, thereby aiding in global digital transformation.
Since industries such as aviation, energy, and heavy industries have been rapidly evolving, the current communication network technologies and bandwidths also need enhancements to deliver optimum performance.
The parameters for high-performing networks are low latency, high bandwidth, high system spectral efficiency, and peak throughput, along with less energy loss.