There is no secret that ‘times are hard’. Today is especially hard for early-stage pre-revenue technology ventures. The satellite communications sector has seen LEO constellations come into and out of viability as funding runs out. It should therefore be no surprise that one of their other ‘key enabling technologies’ Flat Panel Antenna (FPA) ventures are.
NSR’s newest report forecasts 33,000+ satellites manufactured and launched in the next 10 years, primarily driven by non-GEO constellations Cambridge, MA – June 21st, 2022– NSR’s Global Satellite Manufacturing and Launch Markets, 12th Edition sees global satellite manufacturing and launch market positioned to generate $633B through the next decade. Primarily driven by non-GEO constellations, 33,000+ satellites.
Every year NSR writes about an ‘upcoming wave’ of sovereign SATCOM capabilities – WGS-11+, Skynet-6EC, etc. and today is no different. In the past few months, the UK announced $2B in ‘new funding for military space programs’, the European Commission announced “€6 billion program” with a component focused on secure connectivity, and Australia recently opened.
As the U.S. Congress continues to move forward towards the next version of U.S. Defense spending, on the top of lawmakers minds are how exactly Gov & Mil end-users such as the U.S. DoD will engage and leverage commercial investments in Non-GEO HTS networks. The debate seems to be ‘over’ around if DoD will use.
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 more than $6.6 billion in revenue in 2020 – the market was at the tail end of its growth.