Market Trends

by Hub Urlings and Marco Franken

Amsterdam, the Netherlands, March 4, 2022--These are exciting times for those following the 25-year-old satellite IoT market developments. Currently, we see more than 40 Sat-IoT networks (according to Berg Insight 2021) that are commercially available in the market or on the verge of being launched, and the number of new announcements of satellite IoT constellations is still growing.

Dublin, Ireland,  March 1, 2022-- The SATCOM on the move market is projected to grow from USS 17.7 Billion in 2021 to US$ 42.8 Billion by 2026, at a CAGR of 19.3% according to Research and Markets.

Cambell, Calif., Feb. 17, 2022-- New analysis from Mobile Experts explores the role that satellite links are likely to play in the upcoming mobile market. According to the report, releases 17 and 18 of the 3GPP standards will include new features to make Non-Terrestrial Networks (NTN) work. This category includes drone-based, balloon-based, and satellite-based communications that will now be able to connect using 5G NR.

Cambridge, MA- February 15th, 2022-In its 5th year, NSR’s first to market In-Orbit Services: Satellite Servicing, ADR, and SSA, 5th Edition (IoSM5) forecasts US$ 14.3 Billion in IoSM revenue, driven by Life Extension, generating $4.7 Billion through 2031. As the race to launch Non-GEO Satellite Constellation grows, thousands of satellites are set to launch through the coming decade growing demand for IoS. 

Cambridge, Mass., February 8, 2022- NSR’s newly released Optical Satellite Communications, 4^th Edition (OSC4) projects a US$ 2 Billion Optical Satcom market for equipment, driven primarily by upcoming Non-GEO constellations. As Optical Satcom growth trends upwards at a 47% CAGR, projected demand reaches 6,000+ laser communication terminal (LCT) units over the next decade.

New York, NY, Feb. 07, 2022--Reportlinker announced the release of the report "Global Smart Television and Set-Top Box (STB) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026).The Global smart television market is expected to register a CAGR of 3.17%, while the global STB market is expected to register a CAGR of -1.50% during the forecast period (2022-2027).

Paris, France, January 13, 2022 – Euroconsult, the leading space consulting and market intelligence firm, has released its eagerly awaited ''Earth Observation Satellite Systems Market'' report, providing a sweeping review analysis of the Earth Observation (EO) upstream ecosystem and breaking down government and commercial programs in exhaustive details. With the Earth Observation manufacturing market gearing up for another decade of growth to an estimated US$ 76.1 billion in revenue, the latest study reflects profound changes in the market structure driven by the diversification of payloads and multiplication of commercial constellation projects.

Paris, France, January 6, 2022–Space consulting and market intelligence firm Euroconsult has released its highly anticipated “Government Space Programs” report for 2021. The highlight of this year’s findings is a continued, even accelerated, volume of governmental investment in the space sector, driven by two major drivers: ambitious space exploration programs by leading space countries, and rivalries driving the militarization of space. A highly anticipated annual industry study, Euroconsult’s “Government Space Programs” flagship market intelligence report draws on 36 years of experience to provide readers with unrivalled insight into the prevailing strategic space trends among governments.