The satcom industry is set to witness the next wave of growth, driven by growing opportunities in consumer broadband, enterprise networks, mobility and government/military services. While some of these opportunities are greenfield application use cases, most of the expected demand is part of the age-long total addressable market (TAM), which has been unreachable due to incompatibility, pricing, supply.
Northrop Grumman ‘s spacecraft docked successfully with an active Intelsat satellite to provide service and extend its life. Northern Sky Research, a satellite consulting firm, estimates that the market for satellite servicing and life extensions is a $3.2 billion opportunity over the next decade. The firm forecasts that there is demand for servicing upward of.
The “Bottom Line” from NSR discussed in SatMagazine’s article: “Set against these multiple challenges for the world’s ‘Big Four’ (Intelsat, SES, Eutelsat and Telesat) there’s good news from Northern Sky Research’s (NSR) annual VSAT and Broadband Satellite Markets study that suggests VSA/broadband is a fast-growing segment of the market and that over the next decade,.
Market Gossip: Northrop Grumman’s satellite servicer, MEV-2, about to dock at Intelsat’s 10-02 satellite
Northrop Grumman‘s second servicing satellite, MEV-2, approaches Intelsat’s 10-02 satellite readiness for a docking attempt. According to the Philadelphia-based satellite industry consultant Northern Sky Research(NSR) research, the GEO servicing missions will grow to about seventy-five satellites by 2030. These life-extension missions are valued at approximately $3.2 billion cumulative market potential. [NSR] reveals that’s in the.
MEV-2 is also not moving its satellite to a different orbit like MEV-1 did; instead it will act as a new engine and fuel tank to extend the spacecraft’s life. Demand for GEO life extension missions will grow to 75 satellites by 2030, according to a recent Northern Sky Research (NSR) forecast, representing a $3.2.