Global Markets - Latest Developments
Canadian Industry Minister James Moore unveiled a new plan to develop the country's space industry, in a bid to safeguard Canada's "sovereignty, security and prosperity." Moore said Canada's Space Policy Framework will serve as a guideline for the country's strategic space activities, and ensure the commercial competitiveness of the Canadian space industry in the future.
The framework noted that "space has become a new frontier not only for science but for commerce," as global satellite industry revenues has exceeded CDN$ 190 billion (approximately US$ 172 billion) annually.
Social media, big data analytics, OTT, multi-platform screening and CYOD (Choose Your Own Device) have been cited in various industry reports as some of the key trends to watch in 2014. These trends are fuelled by a steep increase in consumption of data and entertainment on mobile devices, with mobile data traffic in Asia Pacific expected to exceed the rest of the world by 2017.
CASBAA’s annual India Forum will take place on Wednesday, March 5, 2014 at the Shangri-La New Delhi where an international and local roster of high-level speakers will explore the Indian cable and broadcasting markets in the context of the global economy and challenging regulatory regimes.
The ABS-2 satellite was successfully launched at 6:30 p.m. Kourou time today. The satellite was launched on an Ariane ECA launch vehicle from the Guiana Space Center.
Belden has submitted a binding offer to purchase privately held Grass Valley, a leader within the broadcast market, for US$ 220 million. The binding offer is subject to consultation with Grass Valley’s foreign labor works council. Grass Valley provides innovative technologies including production switchers, cameras, servers, and editing solutions within the mission critical applications of broadcast customers.
Ericsson today announced it has entered into an agreement to acquire Massachusetts-based Azuki Systems, Inc., a provider of TV Anywhere delivery platforms for service providers, content owners and broadcasters.
Arqiva announced today the acquisiton of Capablue, the Connected TV, video-on-demand and content solution provider. The two companies already have a relationship, having partnered on solutions including the development of pay capabilities for the Arqiva Connect TV platform.
SATELLITE 2014 to be held at the Walter E. Washington Convention Center from March 10-13 in Washington, D.C., is set to host over 12,000 satellite communications professionals with more than 300 speakers in 60 sessions and more than 350 exhibitors displaying the latest technologies in the satellite communications marketplace.
Wegener today announced that it will be acquired by Novra Technologies in an all stock transaction. This transaction is subject to Novra's due diligence, the approval of Wegener Corporation shareholders, and other terms and conditions. Wegener Corporation previously announced that the Board of Directors had unanimously approved a Term Sheet for the acquisition. Novra Technologies, Inc. will also acquire privately held Westport Research Associates, Inc. of Raytown, MO.
According to the new market research report entitled "C4ISR Market (Command, Control, Communications, Computers, Intelligence, Surveillance, Reconnaissance, Land Systems, Airborne Systems and Naval Systems) Forecasts 2014 - 2019", the C4ISR market is estimated to be US$ 83.13 billion in 2014 and is expected to register a CAGR of 2.28% to reach US$ 93.04 billion by 2019.
