Market Trends

Khandwa, India, March 15, 2021--According to a new report published by Trends Market Research  (TMR) entitled, "Small Satellite Market by Type, Application, and End-User: Global Opportunity Analysis and Industry Forecast, 2019-2026," the small satellite market accounted for revenue of $3.63 Billion in 2018 and is anticipated to generate $15.68 Billion by 2026. The market is projected to experience growth at a CAGR of 20.1% from 2019 to 2026.

Cambridge, Mass., March 10, 2021 – The new NSR Global Space Economy report, launched today, finds a cumulative space and satellite market revenue opportunity of more than $1 Trillion between 2019 and 2029. There is an expanding need for space-based services to satisfy needs in orbit and on earth fueled by expanding requirements for everything from space-enabled Big Data Analytics missions, to commercial crew missions to the ISS, to “classical” connectivity use-cases.

Dublin, Ireland, March 5, 2021--Amid the COVID-19 crisis, the global market for satellite modems is estimated at US $323.3 Million in the year 2020 and is projected to reach a revised size of US$441.7 Million by 2027, growing at a CAGR of 4.6% over the period 2020-2027 according to Research and Markets.

Dublin, Ireland, March 1, 2021--The satellite connectivity industry analysis projects the market to have significant growth of CAGR of 13.09% based on the values during the forecast period from 2020 to 2027 according to new research from Research and Markets. The market is projected to reach US$ 84.88 Bil. by 2027.

Dublin, Ireland, February 16, 2021--The global fixed satellite services (FSS) market reached a value of US$ 21.7 Billion in 2020 according to a report by Reseach and Markets. The report expects the global fixed satellite services (FSS) market to exhibit a moderate growth during 2021-2026.

Cambridge, Mass., February 8, 2021--NSR’s newly released Optical Satellite Communications, 3rd Edition (OSC3) report projects a US$ 3 Billion cumulative revenue opportunity through 2030 for laser communication terminals (LCTs) in both space and airborne markets.   The Optical Satcom market is largely equipment-centric, with a significant portion of the revenue flow going to LCT manufacturers. Success in this market will be heavily dependent upon non-GEO constellation operators’ ability to launch and close their business cases, as well as market adoption from government / military institutions looking for alternative solutions in RF-denied environments.

by Virgil Labrador, Editor-in-Chief

Los Angeles, Calif., February 5, 2021--Communications On The Move or COTM is one of the key applications of satellite technology that provides key services for various sectors.  COTM refers to vehicles and other moving conveyances such as ships, trains, etc. equipped with a satellite dish able to establish communication with a satellite network  and maintain communications while the vehicle is moving.  COTM has vital applications for first responders, disaster recovery, emergency preparedness, remote access, Satellite News Gathering (SNG) in key verticals such as enterprise, broadcast, government/military, maritime, utilities, oil & gas, mining, among others.

Fremont, Calif., February 1, 2021--Increasing demands for faster, more efficient and more reliable ways to manage connected devices will make 2021 the year of service and device lifecycle management, according to open broadband standards development organization, the Broadband Forum. Broadband Forum’s User Services Platform (USP) standard offers related data models and the communication protocol to master such needs. 

Cambridge, Mass., February 1, 2021--NSR’s In-Orbit Servicing & Space Situational Awareness Markets, 4^th Edition (IOSM4) report, released today, forecasts In-Orbit Satellite services (IoS) cumulative revenues of US$ 6.2 billion by 2030. While growth is anticipated across all applications, GEO Satellite Life Extension is expected to generate the largest portion of revenues due to the sheer number of satellites expected to use this service.

Campbell, Calif., Jan. 27, 2021--Mobile Experts just released a new Expert INSIGHT investigating mobile network options for the uncovered billions that need improved remote coverage and low cost. Will satellites be the answer? Or terrestrial networks be extended farther into rural areas?