The launch coincided with a report from Northern Sky Research (NSR) forecasting that the overall geostationary and non-geostationary HTS satellite market could be worth $16.8 billion by 2031. These portions of the satellite business will maintain its leadership position through the decade, with Broadband Access, Mobility and Backhaul & Trunking segments driving majority growth.
Global Satellite Capacity Supply & Demand Rapid Growth Propelled by HTS and LEO Constellations over the Next Decade Cambridge, MA – July 27, 2022 – NSR’s Global Satellite Capacity Supply & Demand, 19th Edition (GSCSD19) takes a deep dive into an industry now past the COVID-19 contraction and in some areas, growing at a rapid pace. In revenue.
“Seamless connection depends on satellite and bandwidth availability,” said Vivek Suresh Prasad, [of] Northern Sky Research (NSR), a market research and consulting firm in Cambridge, Mass., focused on the satellite and space sectors. SpaceX’s first phase is to deploy a network of 4,200-plus satellites, a plan approved by the Federal Communications Commission and the International.
COTS Usage and Reusable Launch Vehicles Enable Solid Constellation Growth over the Next Decade Cambridge, MA– March 16, 2022- NSR’s newly released Constellations Market Assessment: SATCOM & EO, 4th Edition report finds Satellite Constellations positioned to generate $235.2 Billion in revenue across Satcom & EO segments. COTS usage (commercial-off-the-shelf) components and launch reusability are key.
Non-GEO players are accelerating their go-to-market strategies to penetrate different segments of the Satellite Communication markets, especially in the high volume, highly lucrative fixed VSAT segment. Starlink has already acquired 145,000+ broadband access subscribers globally under the beta plan and now has announced the service roll out plan for enterprise customers. OneWeb is also progressing.