Blockchain Press Releases
5G From Space Market worth $3,693 million by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 21, 2023 /PRNewswire/ — The 5G from the space market is valued at USD 300 million in 2023 and is projected to reach USD 3,693 million by 2028, at a CAGR of 65.1% from 2023 to 2028 according to a new report by MarketsandMarkets™. The 5G from space market report includes hardware and services, including Satellite, User Terminal, and end-user service. The emergence of “5G from space” represents a transformative integration of satellite communication and non-terrestrial networks to provide enhanced connectivity and enable a wide array of applications across various sectors. By leveraging advanced satellite systems, such as low Earth orbit (LEO), 5G from space aims to extend the capabilities of terrestrial 5G networks to even the most remote and challenging environments.
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Browse in-depth TOC on “5G From Space Market”
180 – Tables
50 – Figures
250 – Pages
5G From Space Market Report Scope:
|
Report Coverage  |
Details |
|
Market Revenue in 2023 |
$300 million |
|
Estimated Value by 2028 |
$3,693 million |
|
Growth Rate |
Poised to grow at a CAGR of 65.1% |
|
Market Size Available for |
2019–2028 |
|
Forecast Period |
2023–2028 |
|
Forecast Units |
Value (USD Million/Billion) |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
By Components, Application, Vertical and Region |
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Geographies Covered |
North America, Europe, Asia Pacific, and Rest of World |
|
Key Market Challenge |
The latency of 5G signals from space is higher than the latency of terrestrial 5G signals |
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Key Market Opportunities |
Growing adoption of the Internet of Things (IoT) |
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Key Market Drivers |
Development of new applications and services |
This integration enables the provision of high-speed, low-latency connectivity to support critical communications and applications in sectors such as telecommunication and cellular backhaul, media and entertainment, business and enterprise, retail and consumers, aviation, marine vessels, transportation, and logistics, as well as scientific research and development.
With the ability to establish reliable connections in areas where terrestrial infrastructure deployment is impractical or economically unviable, 5G from space holds great potential for bridging the digital divide and ensuring seamless communication in even the most demanding scenarios. Additionally, the integration of 5G from space with terrestrial networks enhances the overall resiliency and redundancy of communication systems, as satellite links can serve as a backup option during network outages or disasters, facilitating the swift restoration of connectivity and enabling critical decision-making processes in communication, command, and control centers.
Based on Components, the Service segment is estimated to account for the fastest growth of the 5G from space market from 2023 to 2028.
Based on Components, the Service segment is estimated to lead the 5G from the space market from 2023 to 2028 and is projected to grow further. As the demand for seamless and reliable connectivity increases across industries and sectors, the service segment plays a crucial role in providing comprehensive solutions and support to meet the evolving needs of customers.
Drivers of the service segment’s growth is the deployment of advanced satellite-based communication services. With 5G from space, satellite operators and service providers can offer high-speed, low-latency connectivity to areas where terrestrial infrastructure is limited or unavailable. This opens up new opportunities for businesses and individuals in remote or underserved regions to access the benefits of 5G technology.
The service segment encompasses network management and system integration services. As organizations integrate 5G from space technologies into their existing infrastructure, they require expert guidance and support to ensure a smooth and seamless transition. Service providers offer expertise in network planning, optimization, and integration, enabling businesses to leverage the full potential of 5G from space solutions.
Based on verticals, the commercial segment is estimated to account for the fastest growth of the 5G from the space market from 2023 to 2028.
Based on verticals, The commercial segment within the 5G from space industry is experiencing notable growth, driven by the increasing demand for enhanced connectivity and advanced communication solutions across various industries from 2023 to 2028. growth of the commercial segment is the expansion of telecommunication. 5G from space technology enables telecom operators to extend their coverage and provide high-speed connectivity to remote and underserved areas. This has the potential to bridge the digital divide and unlock new economic opportunities in previously unconnected regions.
The transportation and logistics industry are embracing 5G from space to optimize operations, improve supply chain visibility, and enable smart logistics solutions. Connected vehicles, autonomous transportation systems, and real-time tracking capabilities are transforming the way goods are transported and managed.
As the demand for advanced connectivity and seamless communication continues to grow across the commercial sector, the commercial segment within the 5G from space market is expected to witness robust growth. It presents significant opportunities for businesses to innovate, improve operational efficiency, and deliver exceptional experiences to customers in a rapidly evolving digital landscape.
Based on Application, Massive Machine-Type Communications (mMTC) segment is estimated to account for the fastest growth of the 5G from space market from 2023 to 2028.
Based on Application, the 5G from the space market has been segmented into the Massive Machine Type Communications (MMTC) segment. The 5G from space market is experiencing notable growth due to the increasing demand for connectivity and communication solutions for the Internet of Things (IoT) devices on a massive scale.
The key driver behind the growth of the MMTC segment is the proliferation of smart city initiatives. With the increasing urbanization and the need for sustainable development, cities are adopting smart solutions that rely on IoT devices and sensors. These devices require reliable, low-power, and wide-area connectivity, which 5G from space can provide. By leveraging 5G from space technology, smart cities can optimize resource management, enhance public safety, and improve the overall quality of life for their citizens.
As the number of IoT devices continues to grow exponentially, the MMTC segment within the 5G from space market presents substantial growth opportunities. It empowers various industries to leverage the benefits of IoT and enables seamless communication and connectivity at a massive scale. The deployment of 5G from space technology in the MMTC segment is driving innovation, efficiency, and improved decision-making capabilities across sectors, contributing to the growth of the overall market.
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The North American market is projected to contribute the largest share from 2023 to 2028 in the 5G from space market.
Based on region, North America is expected to lead the 5G from the space market from 2023 to 2028. The North American segment is the region’s advanced technological landscape. The United States, in particular, is at the forefront of 5G technology development and deployment. With a strong focus on innovation and research, North America has witnessed significant investments in 5G infrastructure and satellite communication systems, which form the foundation of 5G from space technology. This advanced technological ecosystem enables the region to harness the benefits of 5G from space, facilitating seamless and reliable connectivity for businesses and consumers.
The North American segment benefits from the region’s substantial market for IoT applications and services. The proliferation of connected devices, smart homes, and industrial IoT solutions drives the demand for enhanced connectivity. 5G from space technology provides the necessary infrastructure to support these applications.
The 5G from space companies is dominated by a few globally established players such as Oneweb (UK), Omnispace (US), Qualcomm (US), Ericsson (Sweden), and Rohde & Schwarz (Germany), among others.
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Blockchain Press Releases
MEXC Announces Listing of Hyperlane (HYPER) with a 165,000 HYPER and 50,000 USDT Prize Pool
VICTORIA, Seychelles, April 21, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, announced the Hyperlane (HYPER) listing on April 22, 2025(UTC).To celebrate this significant addition to the exchange, MEXC is launching a special event with a prize pool of 165,000 HYPER and 50,000 USDT for new and existing users.
Hyperlane is the first permissionless, universal interoperability protocol dedicated to building a truly open and decentralized cross-chain communication infrastructure. As “The Open Interoperability Framework,” it enables anyone to freely expand, utilize, and customize the network, allowing developers to easily and securely build cross-chain applications and token bridges. To date, Hyperlane has connected over 140 blockchains, processed nearly 9 million cross-chain messages, and bridged more than $6 billion in volume through its Warp Routes.
$HYPER is the native token of the Hyperlane ecosystem, with an initial total supply of 1 billion tokens. It plays a critical role in securing the protocol through staking, rewarding validators for verifying cross-chain messages, incentivizing user-driven activity, and enabling community governance over protocol development.
To celebrate the listing, MEXC will launch an Airdrop+ event with substantial rewards for users:
Event Period: April 21, 2025, 10:00 – May 01, 2025, 10:00 (UTC)
Benefit 1: Deposit and share 120,000 HYPER (New user exclusive)
Benefit 2: Spot Challenge — Trade to share 15,000 HYPER (For all users)
Benefit 3: Futures Challenge — Trade to share 50,000 USDT in Futures bonus (For all users)
Benefit 4: Invite new users and share 30,000 HYPER (For all users)
MEXC has established itself as a leading exchange by consistently offering users early access to high-potential crypto assets. In 2024 alone, the platform listed 2,376 new tokens, including 1,716 initial listings. According to the latest TokenInsight report, MEXC led the industry with 461 spot listings between November 1, 2024, and February 15, 2025. During this period, the exchange maintained a high listing frequency, consistently ranking among the top six platforms, demonstrating its agility in capturing emerging market trends. MEXC will continue to expand its asset offerings and help users seize timely opportunities in the fast-moving crypto market.
For full event details and participation rules, please visit here.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
Risk Disclaimer:
The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.
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Blockchain Press Releases
Introducing Clementine Bridge: Citrea Deploys First Complete BitVM Bridge Design on Testnet
Citrea’s Clementine Bridge marks the first time that a fully programmable layer is tested for settling on Bitcoin.
GEORGE TOWN, Cayman Islands, April 21, 2025 /PRNewswire/ — Citrea, the first ZK rollup to enhance capabilities of Bitcoin blockspace and enable Bitcoin applications (₿apps), has successfully deployed its Clementine Bridge, the first complete BitVM bridge design on Bitcoin Testnet. Citrea has also recently revealed Clementine’s whitepaper, marking the first real-world implementation of a BitVM-based bridge which extends BTC’s utility to decentralized finance in the most Bitcoin-secured and native way possible. With Clementine’s testnet deployment, Bitcoin is for the first time tested for optimistically verifying a fully programmable layer. The Clementine whitepaper is currently the only documentation of how to use BitVM in a bridge design with clear solutions toward a secure and efficient bridge implementation.
Despite being the world’s largest digital asset, BTC has struggled to build relevance in decentralized finance. A secure bridge between Bitcoin and a secondary layer has always been a bottleneck for using BTC in a programmable environment. This problem has forced users to either keep Bitcoin as a passive store of value or rely on custodians for using BTC in financial activities. Citrea’s BitVM-based Bitcoin bridge Clementine solves this by enabling the safest and most trust-minimized way to bridge BTC and extend its utility to decentralized finance.
Citrea’s Clementine bridge marks a historic moment for Bitcoin and a new beginning for BTC’s utility. “It felt like magic when we saw all the bridge components work smoothly in our internal tests and that any malicious act is stopped by a single honest actor,” said Ekrem Bal, Co-Creator of Citrea. “We’re now ready to test Clementine in a real Bitcoin Testnet environment and make it more battle-tested for Citrea mainnet.”
With the introduction of BitVM by a Bitcoin developer Robin Linus, verifying computations on Bitcoin and building Bitcoin-secured bridges became a possibility. Very soon after its introduction, Citrea team became a core contributor of BitVM and later a founding member of BitVM alliance, where BitVM’s fundamental technology of executing a fraud proof of a zero-knowledge (ZK) proof on Bitcoin was developed collaboratively. Although accomplishing a ZK proof verification on Bitcoin was a prerequisite, there were still critical problems to address to implement this fundamental technology securely and efficiently into a Bitcoin bridge design. A detailed breakdown of this can be found in Clementine’s whitepaper.
Clementine’s design and whitepaper introduce novel solutions to two main research topics in BitVM-based bridge implementation, namely Bitcoin chain fork selection and capital efficiency of operators. These topics have been critical to solve as they ensure both the bridge’s security and efficiency. Citrea’s Clementine bridge offers clear solutions to both of these problems:
- Bitcoin Chain Fork Selection: This is related to ensuring that the bridge follows the longest Bitcoin chain. It has been an open research topic where the BitVM creator introduced superblocks approach but its security was later found to be broken. Citrea introduces a new Bitcoin Light Client design that uses succinct Header Chain Proofs of Bitcoin. These proofs are aggregated by operators into a single BitVM proof.
- Capital Efficiency of Operators: This has been another limitation of implementing BitVM efficiently into a bridge design. With Citrea’s approach to non-standard Bitcoin transactions, operators can now process hundreds of withdrawals in parallel with a single collateral. Disproving only one withdrawal is enough to stop other malicious withdrawal processes.
Clementine’s design relies on zero-knowledge proofs, Bitcoin data availability, a novel Bitcoin Light Client design and BitVM. In the case of a malicious act, an honest watchtower provides a proof of the longest Bitcoin chain. Then the operator generates a proof verifying Citrea’s state, watchtowers’ challenges and payout for the withdrawal. If the operator is malicious, it won’t be able to generate such proof, resulting in slashing the operator. Clementine has three main bridge actors to ensure the system’s integrity:
- Signers enforce BitVM spendings by managing peg-ins through presign transactions
- Watchtowers are tasked with monitoring operators and challenging any malicious behavior by sending a proof of longest Bitcoin chain
- Operators, a group of profit-seeking entities, temporarily cover users’ withdrawals and are later reimbursed with presigned transactions.
Citrea: Bitcoin’s Application (₿app) Layer
Citrea extends Bitcoin’s utility without sacrificing its security. With zero-knowledge technology, Citrea enables Bitcoin to function as a fully programmable layer. With its Bitcoin bridge Clementine, Citrea offers the safest and most trust-minimized way to bridge BTC to a fully programmable secondary layer.
For the first time in its history, Bitcoin Network will be able to support diverse on-chain applications and its utility will be extended to decentralized finance.
Apply to Citrea’s unique incubation program ‘Citrea Origins‘ to build ₿apps.
For more information, please visit: Citrea website | Citrea X Account
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PANAMA CITY, April 21, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, announces the listing of EPT, the native token for Balance.fun, for both spot trading and also on the BingX Xpool. The spot listing will commence on April 21 at 12:00 (UTC) while the Xpool launch will start on April 22 at 10:00 (UTC). BingX users can stake BTC and EPT in Xpool, though new users will have an additional option to stake USDT to win a bigger share of the reward pool that includes 2,000,000 EPT Points. The first 1000 new users who stake a minimum of 100 USDT will also be able to earn an additional bonus voucher worth 100 USDT.
EPT is the governance token of Balance, an AI-powered web3 experience infrastructure designed for the masses. This new digital asset will fuel the new Balance Platform to create an open and inclusive gaming ecosystem for both gamers and developers with fairness at its core. With the integration of AI and blockchain technology, games can be built and marketed more easily while allowing players to benefit from the enhanced and diversified gaming experience.
Users of the existing Epal platform can transfer their EPT tokens to BingX, enabling a reliable method to trade EPT or, alternatively, purchase EPT for governance purposes. Having a solid exchange to further explore the vast world of cryptocurrencies, this new listing further empowers both Epal and Balance users in the process.
Vivien Lin, Chief Product Officer of BingX, shared her thoughts on the new trading option and Xpool listing: “I think providing users with these new trading and early investment options is our responsibility as a responsible cryptocurrency exchange since some of our users rely on us to introduce such projects with such numerous functions across multiple subcategories”.
Visit bingx.com to join the Xpool starting April 22 and start trading EPT on spot from April 21. Whether you’re a gamer, builder, or crypto enthusiast, this is your chance to be part of a new decentralized chapter in entertainment.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information, please visit: https://bingx.com/
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