NSR’s newly released Global Satellite Ground Segment, 6th Edition report, finds strong post COVID-19 return to growth for the ground segment, illuminating a massive increase in upcoming satellite capacity supply. With a double-digit growth forecast, cumulative industry revenues reach US$147 billion through decade. “The huge amount of coming satellite capacity supply is a significant opportunity.
NSR’s newly released Global Satellite Ground Segment, 6th Edition report, finds strong post COVID-19 return to growth for the Ground Segment, illuminating a massive increase in upcoming satellite capacity supply. With a double-digit growth forecast, cumulative industry revenues reach $147 Billion through decade. “The huge amount of coming satellite capacity supply is a significant opportunity for equipment vendors,.
The ground segment was one of the sectors of the space business hit the hardest by COVID, according to a consultant with NSR. He says deployments and new deals were halted due to travel restrictions, challenges with the value chain, and caution with expenditures. Revenues fell by more than 18 percent in 2020 to under $3.
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.
[NSR] discusses the Satellite Ground Segment’s COVID-19 recovery in his SatNews article. The Satellite Ground Segment has been one of the hardest-hit steps in the value chain brought about by the pandemic. With many deployments and new deals halted due to lockdowns, equipment could not be shipped, and revenues were not generated. But COVID-19 also.