Engaging with space is increasingly attractive for governments. It is a sector with huge potential benefits to nation states, however for new players and emerging space nations involvement is a risk. With the relatively high costs of developing industry, early ‘returns’ are key for on-going stakeholder engagement. Evaluating the potential for long-term investment, interested nation.
Research firm Northern Sky Research (NSR), which specializes in the satellite communications market, is bullish on satellite-to-cellular connectivity and believes it could be a big opportunity for satellite companies to reach billions of new customers. NSR estimates that the service will deliver as much as $66.8 billion in 10-year cumulative revenues for the satellite industry..
According to NSR’s latest Global Space Economy (GSE) 3rd Edition report, the Space Economy is poised to generate USD$ 1.4 trillion over the period of ’21 to ’31, with a growth rate of 6.8%. Service revenue is the key driver of future revenues as infrastructure investments today move to service revenues tomorrow. With services largely.