NGSO solutions to dominate maritime satcom by 2033: Novaspace
Satellite constellations are redefining the global maritime communications market over the coming decade after shipping operators adopt hybrid approach.
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Satellite constellations are redefining the global maritime communications market over the coming decade after shipping operators adopt hybrid approach.
According to Novaspace's findings, government expenditures on space defence and security have reached a historic high, surpassing $58bn.
Novaspace provides comprehensive, integrated service offerings to meet the evolving needs of the global space sector, offering strategic and technical perspectives for decision-makers in both private and public entities.
The evolving landscape of satellite service pricing, propelled by next-gen satellite systems, persists in reshaping the industry, prompting a shift towards managed services and compelling $/GB economics.
The worldwide space economy, valued at $509bn in 2023, is anticipated to surge to $759bn by 2030.
According to the report, satellite demand is experiencing sustained growth driven by NGSO constellations, while GEO comsat demand is rebounding with smaller assets.
This projection underscores the rapidly evolving landscape of satellite communications, especially in segments like traditional handheld phones, direct-to-phone connectivity, and the IoT.
The space ground segment ecosystem is undergoing significant transformation and expansion in response to address the changing needs of satcom and Earth observation.
The conference will be hosted on January 8, 2024, where a wide range of issues relevant to the space sector in the Middle East will be discussed.
Despite several challenges including supply chain issues and oversupply, the industry is set to grow by another $110.5bn by 2032.
Euroconsult has undergone an operational refresh as they celebrate 40th anniversary with new investment.
Over the past five years, global averages for capacity pricing in video and data markets have fallen by approximately -20% and -67%, respectively.
Despite new unforeseen investment concerns, the global space economy reached $424bn in 2022, according to the report.
The collaboration between ESA BIC and Euroconsult is set to commence with immediate effect, with the first webinar and the exclusive preview of the 2022 Space Economy report on January ...
The government has set a new record for its spending on space defence due to investments in early warning systems and space security.
According to the report, 83% of all satellites to be launched over 2022-2031 are expected to be part of NGSO constellations.
According to the report, more countries are entering the space exploration market, including Australia and the UAE.
The Satcom industry has restructured to adapt to the new ecosystem and adopted data and service-driven strategies in time to capture new revenue streams as satellite deployments begin to accelerate ...
Data traffic over satellite networks is expected to grow 7.8% compound annually by 2031.
The study focused specifically on satcom and TV services for member countries of the Arab Spectrum Management Group (ASMG), the African Telecommunication Union (ATU), the European Conference of Posts and ...
The pressure to bridge the digital divide has led to a race for satellite providers, who are fighting to gain more market share with the goal of providing a faultless, ...
According to the report, by 2030, the space economy is expected to grow by 74% to reach $642bn.
According to the report, the government space budget driven by space exploration and militarization will reach $1tn over the decade.
According to the report, over half of the 17,000 satellites will be launched by OneWeb, Starlink, Gwo Wang, Kuiper and Lightspeed.
According to the research, 43m people were connected to broadband via satellite, and this number is expected to grow to 110m in 2029.
Despite Covid-19 impacting some segments of the commercial space market, revenues in this sector have surpassed 310bn, according to the analyst.
Commercial constellations set new standards for the industry in numbers but GEO comsat and government still drive the biggest demand in manufacturing and launch revenues
While pricing is beginning to stabilise, the mobility market is now seeing pricing erosion in the short term, due to the Covid-19 pandemic and its impact on global travel.
The industrys downward trend is driven by growing High Throughput Satellite (HTS) competition, which has led to significantly lower capacity pricing in recent years.
From 2020 to 2029, the smallsat market value is projected to reach $51bn, of which $33bn for manufacturing and $18bn for launch.
The demand for HTS capacity is expected to grow 26% annually driven by nine vertical markets, supply to increase more than ten-fold by 2024, growing from 2,100 Gbps to 26,500 ...
Reflecting a radical change in quantity, value and mass, Euroconsult anticipates a stronger market boost in the short term with satellite demand scoring 20% annual growth.
Satellite operations and services will lead growth with 5% annual increase over the next decade, while manufacturing, launch and ground segment is projected to grow 4% annually.
Research spanning FSS and HTS satellites in multiple frequency bands and regions shows broadening price disparity and how prices will stabilise with hiatus in in-orbit capacity growing.
Market survey reveals shifting strategies and new players with 12 new satellite operators to enter FSS GEO market in the 2020s.
Government demand and low-cost constellation data are major growth drivers and 52 countries will have launched at least one EO satellite by 2028.
In 2018, the regions combined total expenditures were just under $1.3bn, led by the UAE ($383m), Qatar ($186m), Egypt ($177m) and Saudi Arabia ($165m).
Market forecast to rebound by 2020 end with growth to be driven by demand for consumer broadband, rural connectivity, in-flight communications and cellular network support.
The report forecasts that the market for smallsat manufacturing and launch will grow from $12.6bn in 2009-2018 to $42.8bn in the coming decade from 2019-2028, nearly quadrupling in size.
The report found that in 2018, more government satellites launched than ever before. Going forward, the report estimates an average of 150 government satellites will be launched each year for ...
Prospects for space exploration, global government investment in space exploration totaled $14.6 billion in 2017, a 6% increase compared to 2016, according to Parisa report by Euroconsult. Fifteen leading space ...
Global consulting firm, Euroconsult, which specialises in satellite-enabled vertical markets, such as satellite communications, connectivity, broadcasting, and Earth observation, announced the recipients of both its Annual Awards for Excellence in ...
