We won’t lie – 2018 was a hard year for satellite players with an interest in the Energy Markets. Commodity pricing for energy products was weak or unstable, global economic activity shrank, and energy customers had their own financial challenges. So – in the face of ongoing macro-economic challenges, why does NSR continue to be so optimistic around a 2020 turnaround?
NSR’s Energy SATCOM Markets, 8th Edition (ESM8) report, released today, forecasts retail revenues for key energy markets (Onshore and Offshore Oil & Gas, Midstream pipeline distribution, Mining, and Electrical Utilities) to yield nearly $10 Billion in cumulative revenues from 2018 – 2028.
The Maritime Satellite Communications market is at a crossroad; more capacity is available in all frequencies and orbits thanks to Iridium’s recently launched Certus plans, VSAT terminals are getting lighter and cheaper, and end-users continue to find value in some flavor of higher throughput connectivity.
The right combination of price, end-user requirements, and connectivity demand is having a significant impact on the market.
MILSATCOM or COMSATCOM has been one of the most contentious debates in the Gov & Mil Markets over the past five years. On the surface, the debate is all about the economics of ownership – in the truest definition of economics – including all the opportunity costs associated with MILSATCOM networks. Recent acquisition of 2.