Interest in space is exploding, with the industry seeing growth and opportunities that weren’t just dormant, they simply didn’t exist 5-10 years ago. Over the next decade, according to NSR’s Global Space Economy, 2nd Edition, cumulative revenue is expected to hit USD $1.25T. Video, the use-case that built most of the satellite industry and continues.
The global chip crisis has significantly impacted a variety of industries, and Satcom is obviously not immune to this widespread components shortage. All Satellite equipment manufacturers (be it Ground or Space segments) are encountering challenges meeting growing demand in the current COVID-19 climate. Taking Ground Segment as an illustration, NSR detected a good recovery in.
Non-GEOs continue to make noise, and for the right reasons. With SpaceX launching hundreds of satellites and revealing more info on their user antennas (with Musk admitting that the biggest challenge is cost of user terminals) to OneWeb restarting their production and awaiting a 36-satellite December launch, to Telesat forming a new public company post.
While hit hard, the Mobility market’s post-pandemic predictions remain positive, for now. NSR said in the 10 years he has been working with the satellite market, this is the most challenging situation he has seen yet. “There are some spots that are still okay,”
Global satcom capacity revenues continue to evolve at low single-digit rates scoring 2% growth last year. Obviously, data is becoming the star for revenue growth and operators with higher exposure to video and legacy FSS capacity are more prone to turbulence. But, in these transformative times in which raw capacity is commoditizing, operators must rethink.