As with many industries, the satellite industry has not been spared the effects of the global COVID-19 pandemic which hit the world over a year and a half ago. The pandemic has drastically disrupted supply chains and practically shut down key market segments for satellite such as in-flight connectivity and some key segments of the maritime sector such as the cruise ship business. Some key installations and contracts were delayed due to travel restrictions.
Military operations have integrated satellite technology as a crucial part of their operations on land, air, and sea for over half a century. And the United States is one of the leading countries followed by Russia and several European nations in boosting space applications for military. But the world is slowly shifting from a US centric sphere, primarily due to ease in accessibility of resources, increased cooperation between non-allied nations, and rapid innovation the technological sector.
According to NSR the Satellite Communication Government and Military market will be reaching an overall revenue of US$ 93 billion by 2029. The increasing need for resilient and real-time connectivity from the Government and Military Sector for Intelligence, Surveillance, and Reconnaissance (ISR) and Command and Control (CC) functionalities, lead to robust ground infrastructure, to enable new applications to enhance operations.
Ground equipment and services, spacecraft, and satellite launch segments are considered as the three major pillars of the space industry. The global space market was valued at around US$ 300 to $400 billion, which constitutes the satellite as well as non-satellite segments of industry.
Satellite Data Services
Welcome to National Harbor, in-person or virtually! In my previous column for Satellite Markets & Research I included reference to some details of the SATELLITE 2021 (https://gvf.org/event/satellite-2021/) conference program, an event comprising both digital and in-person content and featuring two panel sessions to be hosted by GVF.
The July-August 2021 issue of the Satellite Executive Briefing magazine focusing on the Asia-Pacific Satellite Market is now available. Featuring:
An up and coming company is leveraging the transformative technology of High Altitude Platforms (HAP) to bridge the digital divide and provide broadband services for various vertical market applications at a shorter time-to-market deployment and lower costs. AVEALTO Ltd., a UK-based company formed to design, build and operate a fleet of HAP vehicles which can transparently replace point-to-point satellite services at a lower cost, with higher quality service has began customer acquisition activities.
NSR’s M2M and IoT via Satellite, 12th Edition (M2M12) report forecasts the dedicated IoT constellations market reaching US$ 990 million in annual total retail revenues by 2030, reflecting ~44 % of the total satcom IoT market. Due to the low cost of Smallsat IoT terminals and ongoing subscription fees to end users, a conservative scenario sees Smallsat IoT representing 71% of global in-service units (~13 million) by 2030, with much highe
AXESS Networks (AXESS) a global provider of encompassing connectivity solutions via satellite has been chosen by ARAB Satellite Communications Organization (ARABSAT) to provide connectivity and teleport services on Appendix 30BC-Band space segment on-board its ARABSAT-5A Satellite at an orbital location of 30.5°E with coverage footprint across Europe, Middle East, and Africa.
There is absolutely no doubt that the Internet of Things (IoT) is a rapidly growing business. Whether we’re consciously aware of it or not, digital transformation is impacting all aspects of daily life. Connected devices are becoming pervasive; from refrigerators that let you know when you’re going to run out of milk, to sensors monitoring the moisture content of soil; from self-driving cars, to tags tracking the movement of containers, across oceans and continents. A recent study from Fortune Business Insights projected that the global IoT market would reach US$ 1,854.76 Billion by 2028