Near-term launch delays in Satellite Communications Markets met with Significant Increases in Nearly All Other Segments Cambridge, MA August 17, 2022 – NSR’s newly released Space Traffic Study, 2nd Edition report finds that commercialization of more segments of the space value-chain is driving a rapid increase in traffic volumes. Although markets such as Earth Observation.
A January report by Cambridge, Massachusetts-based consultancy Northern Sky Research (NSR) estimates that the satellite and space infrastructure market alone could be worth as much as $570 billion by 2030. This market is seeing strong demand in the crew and cargo domain and is currently the sector’s largest segment. Still, NSR says that by the.
NSR’s newly released projects strong revenue potential across all key segments, underpinned by record setting investment and both public and private sector demand for space products and services. With over $1.25T in cumulative revenue projected by 2030, the space industry growth trajectory trends upwards at a 6.25% CAGR. Satellite & Space Infrastructure is the largest.
Satellite & Space Infrastructure is the largest segment today, with burgeoning demand from the Crew & Cargo market as the leading revenue source. Close behind are key infrastructure markets such as Satellite Communications, Earth Observation, Situational Awareness and Science & Technology. Altogether, the Satellite & Space Infrastructure market will generate over $570B in revenue by.
By decade’s end, NGSE2 observes Satellite Communications Services overtaking Infrastructure to become the dominant market in terms of annual revenues. From segments such as Mobility (aero, maritime, land) to Enterprise Data and Gov/Mil, the upside for Satellite Communications Services is significant as more/flexible satellites are launched and an increasingly virtual, 5G-enabled and cloud-based ground segment.