While there is no doubt that COVID-19 has impacted the Maritime market, the “COVID-dip” is significantly less pronounced for Maritime than Aeronautical SATCOM markets.
$11 Billion in Cloud-Based Revenue over Next Decade, with Satcom Markets Leading the Way Cambridge, MA – 27 May 2020 – NSR’s Cloud Computing via Satellite report, released today, projects 52 Exabytes of Traffic by 2029, with players in the satellite and space industry contributing cumulative revenue of $16 B from 2019-2029. The market is.
Date: Wednesday, May 13, 2020
Time: 10AM EDT
Pricing has been a soft spot for the satcom industry over the past 4 years, as OTT pressure on video and data segment competition intensified. Changing metrics have sent operators looking to optimize revenue per MHz, in turn driving manufacturing innovation.
As such, this market is directly affected by regulatory updates, thus simultaneously and significantly impacting the demand for these services. Indeed, if regulations ease, less operators will opt for paid de-orbiting and End of Life (EOL) disposal services.
After a few years of incremental growth in the In-flight Connectivity (IFC) market, COVID-19 has derailed the segment’s momentum for 2020 and beyond. According to the NSR’s COVID-19 survey results, mobility segments including aviation and maritime are the worst hit satcom segments amid the ongoing pandemic.