With many other LEO constellations also in the works, it is little wonder that recent forecasts from Northern Sky Research (NSR) predict that satellite communications will become the biggest single sector of the global space economy in terms of revenue by 2030. The research firm reckons the overall space market will generate cumulative revenue of.
NSR’s SIFA 11 Study Saw Revenue Contraction in 2020, but C-band Proceeds, Consumer Broadband, Backhaul, and Government Services to Drive Top Line Revenue Growth Cambridge, MA – November 3, 2021 – NSR’s Satellite Industry Financial Analysis, 11th Edition report, launched today, projects the global satcom industry contracted by 2.3% in FY2020 to USD $13.4B. While continuing sector trends such as a weakening DTH sector and COVID-19 impacts on aeronautical and maritime markets drove declines, enhanced revenue from spectrum leases, consumer broadband, backhaul and government.
Use cases like this are fuelling demand for ubiquitous coverage delivered from orbit. According to Northern Sky Research (NSR), the influx of satellite broadband players will contribute to the manufacture and launch of almost 24,700 satellites over the next decade.