“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.
NSR’s Latest Report Projects $235.2 Billion Constellation Opportunity Across Expanding Satcom & EO Segments
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.
Wave-after-Wave in this ongoing pandemic, the one element that has been greatly highlighted, is the need for robust Internet connectivity and bridging the digital divide across the globe. Remote learning, working, healthcare, conducting businesses and other key socio-economic activities have become universal and hence have exposed the still wide digital divide across regions and communities..
Northern Sky Research (NSR) forecasts that there’s going to be a huge increase in satellite-based broadband demand over the next few years. NSR’s VSAT and Broadband Satellite Market, 20th Edition finds High Throughput Satellites (HTS), themselves a major market growth factor, moving the segment from 800 Gb/s in 2020 demand to 15 Tb/s in 2030, and values.