Media Partners Asia (MPA) announced today that the Asia Pacific online video industry grew revenue by 14% Y/Y in 2020 to reach US$30.5 billion, according to the new report Asia Pacific Online Video & Broadband Distribution 2021 published by MPA. SVOD overtook AVOD to contribute 53% of total revenues; AVOD contributed 47%. Total online video revenues are projected to grow at a CAGR of 12% to reach US$54.5 bil. by 2025, with SVOD contributing 57% and advertising, 43%.

Advantech Wireless Technologies has received over two million dollars in orders of its satellite communication (SATCOM) Engage Class 1.2m and 2.4m FlyAway SATCOM Terminal from a NATO member country.  The Engage Class Flyaway Terminal Solution includes the most advanced SATCOM technology. 

The space industry is increasingly turning to artificial intelligence (AI) to push and redefine the boundaries of what is possible in space exploration. AIxSPACE, an event dedicated to AI applications in the space industry, has therefore been launched by Euroconsult and Innovitech, experts in space and innovation respectively, to address these challenges.  For this first edition, the event will be held virtually on January 18 and 19, 2021.

In its latest research product “The Space Economy Report 2020", Euroconsult estimates that the consolidated space economy, including both government space investments, as well as commercial space, totaled US$ 385 billion in 2020, a record amount.

Redwire announced today that its Chief Operating Officer, Andrew Rush, has been promoted to the position of President and Chief Operating Officer, effective January 1, 2021. In this expanded role, Rush will manage the day-to-day operations of Redwire while assisting the CEO and Board of Directors in developing and executing the company’s long-term growth strategy. 

Skylo today announced that Angira Agrawal has joined the company’s leadership team as Chief Operating Officer (COO). Angira will oversee all operations and customer-facing activities throughout the US, India and beyond, ensuring a positive customer experience during a period of rapid growth.

Kymeta Corporation announced that Hanwha Systems a global solutions company that provides differentiated smart technologies in defense electronics and information infrastructure, has signed an agreement to invest US$ 30 million to back the development of Kymeta’s next generation solutions, the Kymeta u8™ and Kymeta Connect™.

A new report by has found that there will be nearly 2 billion active subscriptions to on-demand video services in 2025; a 65% increase over the end of 2020. The primary engine for this growth will be from traditional broadcasters, who are increasingly turning to streaming services in order to extend their reach and compete with online video giants such as Netflix and Amazon Prime Video.

UltiSat, a systems integrator and communications services provider to the defense, federal civilian, humanitarian-aid, and critical infrastructure markets, announced today the realignment of its organization and leadership to better position for evolving customer mission landscapes. The move includes several senior leadership appointments and a reorganization around four primary lines of business – Managed Network Services, Airborne ISR Services, Specialized Wireless Services, and Engineering & Technical Services.

Kevin Reyes has joined Saturn Satellite Networks (SSN) as the Vice President of Business Development. Kevin has an excellent track record and history in the satellite industry having worked at leading positions in Boeing and ILS.