As the connected device market Smallsat ramps up, IoT companies have moved from design plans to real commercial service in the last couple of years, [NSR] noted. In addition to recent satellite launches, an increasing number of partnerships are targeting specific applications, such as mining and agriculture, are also moving ahead. “With these launches and.
[NSR] comments on SpaceX’s planned launch of a record breaking 143 satellites. “A growing number of launch opportunities provides more flexible and timely schedules to replace aging satellites or launch new ones, said [NSR]. SpaceX rideshare missions “certainly provide more options for small-sat satellite operators to launch and rideshares on heavy launchers are gaining traction.
The Global Banking and Finance Review covers NSR’s In-Orbit Servicing & Space Situational Awareness Markets, (4th Ed.) report. “The In-Orbit Servicing & Space Situational Awareness Market continues to progress regardless of COVID-19, as many launches are scheduled for early 2021,” states NSR. Life Extension will overshadow all other applications, generating 57% of total revenues over.
NSR’s In-Orbit Servicing & Space Situational Awareness Markets, 4th Edition (IoSM4) report, released today, forecasts In-Orbit Satellite services (IoS) cumulative revenues of $6.2 billion by 2030. While growth is anticipated across all applications, GEO Satellite Life Extension is expected to generate the largest portion of revenues due to the sheer number of satellites expected to.
In the article “Space companies use Earth-imaging satellites to combat climate change”, “The market eagerly awaits larger volumes of data and more services,” NSR said. “New technology, such as artificial intelligence and machine learning, will make Earth observation service even better and more accurate.”