The electric propulsion satellite market and according to this report it is poised to grow by US$ 12.27 Billion during 2021-2025, progressing at a CAGR of 14.95% during the forecast period according to Research and Markets.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing preference for hosted payload and cost-effective solutions.

Key Highlights

On March 15, SSPI will induct six new members into the prestigious Space & Satellite Hall of Fame. The 2022 honorees are Frank DiBello, President and CEO of Space Florida; Dr. Christopher R. BoshuizenDr. William S. Marshall and Robbie Schingler, co-founders of Planet; Steve Spengler, President and CEO of Intelsat; and Prof. Robert Twiggs, Professor Emeritus at Morehead State University.

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.

Iridium Communications Inc. (Nasdaq: IRDM) today reported financial results for the fourth quarter and full-year 2021 and issued its full-year 2022 guidance. Net loss was US$ 5.9 million, or $0.04 per diluted share, for the fourth quarter of 2021, as compared to net loss of US$ 7.9 million, or $0.06 per diluted share, for the fourth quarter of 2020. This improvement was primarily the result of higher commercial service revenue and lower interest expense.

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.

Kacific Broadband Satellites and Farmer Charlie will bring affordable satellite-powered agricultural information and expertise to farmers in remote and isolated places across South East Asia and the Pacific. The companies have signed an MoU supporting sustainable development and agriculture in small holdings across the region.

The Intersputnik International Organization of Space Communications has gained full membership of the Global Satellite Operators Association (GSOA), a platform to promote satellite communication services and the common interests of satellite operators. The Association, formerly known as ESOA (EMEA Satellite Operators Association) used to focus on Europe, the Middle East and Africa. However, January 2022 saw the expansion of the geography of the Association’s activities, which was announced as a move to bring together new members among satellite operators from across the world.

BridgeComm, Inc., an optical wireless communications (OWC) solutions and services provider, today announced that Rich Tortorelli will join the company as a chief systems engineer. Having developed, managed and executed 160 plus satellites with space-based constellations, Tortorelli brings thirty years of invaluable experience to BridgeComm to enhance its OWS space produce development efforts.

African OTT movie and TV episode revenues will reach $2 billion by 2027 – triple from $623 million in 2021. South Africa and Nigeria will together account for 56% of the total by 2027, leaving $896 million divided between the other 33 countries. SVOD revenues will reach US$ 1.66 billion by 2027; up from US$ 476 million in 2021.

The World Teleport Association (WTA) today announced the appointment of Eutelsat’s Head of Third Party Teleports Jesus Mendez Sampedro to its Board of Directors. In March, he will stand for election by the membership to a three-year term.