Will LEOs Create a Trillion-Dollar Industry?
Space is increasingly enticing for investors. However, one must not be carried away by Silicon Valley dreamers and do a balanced analysis of the market opportunity.
Space is increasingly enticing for investors. However, one must not be carried away by Silicon Valley dreamers and do a balanced analysis of the market opportunity.
NSR’s M2M and IoT via Satellite, 10th Edition (M2M/IoT10) report, published today, forecasts $11.6 billion in revenues will be generated over the next 10 years. All M2M and IoT applications will grow, with total retail revenues to rise at 6.6% CAGR over the coming decade, with a 14% CAGR for in-service M2M/IoT units during this same period. And, while significant attention is paid to emerging IoT smallsat constellations, NSR found MSS and VSAT offerings continue to play a solid role in the M2M/IoT growth story.
Constellations have forced the entire industry onto the same superhighway so any step sideways or back could have a huge impact on the way forward for the whole business.
NSR’s Energy SATCOM Markets, 8th Edition (ESM8) report, released today, forecasts retail revenues for key energy markets (Onshore and Offshore Oil & Gas, Midstream pipeline distribution, Mining, and Electrical Utilities) to yield nearly $10 Billion in cumulative revenues from 2018 – 2028.
Satellite manufacturing and launch markets are evolving at rates never seen before. With a bevy of actors entering the satellite market at different levels of the value chain, the new dynamic is changing the way this industry measures growth – with the number of satellite orders and price/ kg losing relevance as market indicators. In.