GEO Life Extension and LEO De-Orbiting Drive Revenue, while Active Debris Removal and Space Situational Awareness Expand Market Cambridge, MA – NSR’s In-Orbit Servicing & Space Situational Awareness Markets, 4th Edition (IOSM4) report, released today, forecasts In-Orbit Satellite services (IoS) cumulative revenues of $6.2 billion by 2030. While growth is anticipated across all applications, GEO Satellite Life Extension is expected to generate the largest portion of revenues due to the sheer number of satellites expected to use this service. NSR’s IoSM4 also sees.
Against the COVID-19 odds, in 2020 a significant level of affirmation has been achieved with multiple players achieving key milestones with their developments and contract awards. These advancements are likely to set a pace for Non-GEO Satcom markets, especially in the fixed VSAT segment, driving both service and equipment revenues in the mid and long.
“At the start of 2021, the Global Satcom Industry finds itself enduring stunted growth due to bankruptcies and revenue declines across both satellite operator and service provider segments” states NSR. “Essentially two options remain accessible to operators today” explains Gagan Agrawal, Senior NSR Analyst……
Since 1981, SATELLITE has been pivotal in forging the path forward for the space & satellite communities. The evolution of technology has been accelerated, making this year’s event more important than ever.
It is no longer news that the global satcom industry is stuck in a period of stunted growth, revenue declines and uneven investor appetite. When it appeared 2020 might be a sigh of relief following industry-resetting M&As of the 2016-19 era, COVID-19 emerged, further exacerbating an already distressed industry. However, the “hard reset” in 2020.