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.
[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.
2018 emerged as an understatement compared to the hype generated by satellite operators. Revenue didn’t rebound according to expectations, pricing and backlog both declined across operators, and video finally showed no signs of further growth, as multiple operators posted revenue declines in video even with marginally increasing demand. Looking downstream, suffice it to say that.