GlobeNewsWire: NSR Report: Government and Military SATCOM Demand Persists Despite Changing Operational Paradigm
NSR’s newly released Government and Military Satellite Communications, 18th Edition report finds that despite COVID-19, troop drawdowns in the Middle East and ongoing pricing compression, demand for connectivity will continue to grow in the long term. At over $6.6B in revenue in 2020 – the market was at the tail end of its growth phase and is now entering a short-medium term shaped by many factors.“2021 into 2024 will be a transitional period for Government and Military SATCOM ,” states Brad Grady, Consultant at NSR and lead report author. “On the footsteps of ongoing supply-chain challenges, changing security objectives by major countries, and a slow re-architecture of space-based connectivity layers, the market is experiencing a dynamic set of drivers and restraints, all pushing towards a flatter revenue growth curve.