Data usage on commercial maritime vessels has jumped more than threefold since 2019, according to new communications analysis by Inmarsat that underlines the shipping industry’s reliance on digital connectivity to enhance operating efficiency and safeguard crew welfare during a period of unprecedented disruption to seaborne trade.
Americas Markets - Market Trends
The latest Ground Segment Market report by leading space consulting and market intelligence firm Euroconsult projects the ground station segment to remain quite stable over the 2022 – 2031 period, with a year-on-year growth of 1.4% and a forecasted market value of US$ 3.6 Billion by 2031, driven by the growing demand for data & services.
NSR’s newly released Space Traffic Study, 2nd Edition report finds that commercialization of more segments of the space value-chain is driving a rapid increase in traffic volumes.
The last few years have been turbulent ones for the oil and gas industries. First, tumbling prices, initially due to a 30% decrease in demand as the pandemic effectively grounded airlines and severely curtailed other public transport and private vehicle usage. This was rapidly followed by a price war, as Saudi Arabia stepped up output in a bid to become the dominant supplier. At the same time, the industry, like many others was suffering a shortage of personnel due to the pandemic. A serious issue for an industry that operates heavy machinery in remote locations.
The last few years have been turbulent ones for the oil and gas industries. First, tumbling prices, initially due to a 30% decrease in demand as the pandemic effectively grounded airlines and severely curtailed other public transport and private vehicle usage. This was rapidly followed by a price war, as Saudi Arabia stepped up output in a bid to become the dominant supplier. At the same time, the industry, like many others was suffering a shortage of personnel due to the pandemic. A serious issue for an industry that operates heavy machinery in remote locations.
NSR’s newly released Space Traffic Study, 2nd Edition report finds that commercialization of more segments of the space value-chain is driving a rapid increase in traffic volumes.
Analysis by leading space consulting and market intelligence firm Euroconsult shows a 10% increase in the number of commercial aircraft connected to in-flight services compared to 2020, totalling 9,900 planes by the end of 2021. Within the next decade, the number of aircraft using such services is expected to double to more than 21,000.
Analysis by leading space consulting and market intelligence firm Euroconsult shows a 10% increase in the number of commercial aircraft connected to in-flight services compared to 2020, totalling 9,900 planes by the end of 2021. Within the next decade, the number of aircraft using such services is expected to double to more than 21,000.
The airborne SATCOM market is estimated to be US$ 5.4 billion in 2022 and is projected to reach US$ 7.3 billion by 2027, at a CAGR of 6.5% from 2022 to 2027. Growth of this market can be attributed to increased adoption of SATCOM transceivers, Increasing aircraft deliveries and growing demand for customized SATCOM on the move solutions according to a new report by Research and Markets.
Increase in adoption of SATCOM transceivers