Leveraging the power of cloud computing and Big Data, data analytics is expected to add value across a range of applications. Will the drive for digitization spanning these market verticals suffice to meet industry expectations of customer demand?
Satellite Big Data analytics will reach close to a $3.1 billion revenue opportunity by 2028, with 56% from EO applications & the rest, driven by M2M/IoT satcom applications.
The last few years have seen increasing interest in space-based optical communications, driven by the convergence of multiple trends: rising small satellite data volumes, increasing security concerns and Radio Frequency (RF) spectrum congestion, to name a few.
As a technology with the potential to impact both satellite and ground network operators, optical satcom is emerging as a contender and/or a complement to existing radio frequency (RF) communications infrastructure.
Startups in the space industry continue to emerge across the value chain, from space infrastructure capabilities to downstream services, targeting new approaches to compete with incumbents and broaden the market.