In the article “Aviation and maritime worst hit satcom segments amid COVID-19 pandemic”, acccording to the NSR’s Aeronautical Satcom Markets, 8th Edition report, despite the US aviation stimulus package relief, the market difficulties are likely to remain for an extended period.
The cumulative revenue from flat panel satellite antenna sales to reach $12bn by 2029, according to NSR’s Flat Panel Satellite Antennas, 5th Edition (FPA5) report. “Commercial Aviation and Maritime are being hit very hard this year. With over 70% of every airline’s fleet currently grounded, the number of commercial aero shipped units dropped by 55% so far.
“The Maritime sector is perhaps the ‘second-worst’ impacted mobility market due to COVID-19. Unlike the Airline industry, which has largely parked their aircraft awaiting a ‘return to normal’, everything from Cruise Ships to Merchant Vessels remains “online” with crew or other shipboard-functions – even if their operational duties have slowed or vanished.”
Satellite-based big data analytics offers 18.4bn market opportunity:Alongside more traditional applications in the energy, transportation, civil government & military sectors, prime amongst today’s fastest growing verticals is the Services sector..