2021 saw a continuation of industry-wide transition in the satellite communications market, with the COVID-19 pandemic accelerating or worsening key industry trends. Most of NSR’s guidance for the satcom market persisted through the year, and some are set to accelerate in 2022. These trends include uneven growth across various verticals, vertical integration and horizontal consolidation,.
LEOs are a reality. After years of speculation and doubts, several NGSO projects are materializing. Both Starlink and OneWeb continue their aggressive launch schedule with initial service tests. mPower is getting ready for launch with auspicious pre-commitments. Telesat manufacturer selection and progress in financing lowers the risk of the constellation. Kuiper continues moving forward with.
LEOs are transforming the satellite industry, and the ground segment is no different. While the opportunity for equipment vendors is massive, it is not absent of risks. Non-GEOs will certainly unlock new areas of growth where equipment vendors can capture a portion of the value. However, participating in the NGSO ecosystem requires heavy R&D efforts.
As we (thankfully) close the books on 2020 and look forward to a hopeful restart in 2021, NSR was asked to provide their top predictions for the space industry in 2021. The prognostications below cut across all segments of the industry, but all have one theme in common…
With 5 players racing to launch their LEO/MEO fleets in SpaceX, OneWeb, SES, Amazon and Telesat, and with first 4 committing financially, the satcom world is finally acknowledging the Non-GEO shift.