[NSR] shares insights from [their] recently published, VSAT and Broadband Satellite Markets – 19th Edition report. “The Non-GEO Satcom market is transitioning from the speculation phase to the affirmation phase given the ongoing industry developments and new contracts. 2021 & 2022 will be key as the segment progresses towards service rollouts in the larger opportunity.
Satellites, given their constant surveillance and coverage capabilities, are a natural fit for Earth Observation. A single satellite, with the right resolution and altitude, could take a snapshot of the country, and the right expertise and tools would allow you to assess the extent or the snowfall, especially when compared with historical imagery.
In comparison, the “ground” segment in the industry is just beginning to ramp up, with relatively slower developments, in part due to the siloed nature of advancements at a components and sub-systems level.
The Satellite Big Data market is still in its infancy, with the landscape of players ever evolving. The COVID-19 pandemic threw geospatial applications into the spotlight this past year, when most of the world’s workforce went remote, and multiple industries looked towards digitizing their operations.
MSS satellite services, and smallsats are generally the main focus for M2M and IoT nowadays, with narrowband applications being well suited to these technology types. However, NSR also covers the Ku-band and VSAT M2M/IoT markets, which currently take up approximately 21% of overall revenues for satcom M2M/IoT.