“All signs point to some form of a turnaround in the near future”….. While some Energy Satcom markets such as Mining are showing flat growth, upstream Oil & Gas will account for nearly 50% of the new revenue opportunities in the coming decade. Driven in part by the need for higher throughput connectivity from GEO.
Upstream oil and gas markets will yield nearly $900 million in retail revenues for the satcom market by 2028, said the 8th edition of Energy Satcom Markets released by NSR. While retail revenue growth remains in the low single-digits growth over the next ten years – the market continues to have bright spots and opportunities.