Providing connectivity to the oil and gas industry remains a significant market for satellite operators and service providers around the world, and nowhere more so than in the Middle East where a significant portion of the world’s oil and gas deposits are located. However, satellite is not confined to providing service to offshore locations; terrestrial pipelines, refineries and storage facilities, particularly those in remote locations, may also be served by satellite.
Asia-Pacific - Market Trends
Maritime satellites are a subset of the satellite communication business developed to satisfy the specific needs of nautical activities throughout the world's oceans and seas. These satellites offer critical services such as high-speed internet access, phone and data transmission, navigation, and safety features to vessels ranging from commercial cargo ships and cruise liners to private yachts and navy forces.
The Asia Video Industry Association’s Coalition Against Piracy (CAP) has published its 2024 annual piracy consumer survey, conducted by YouGov. Despite a decrease in piracy on pirate TV boxes, pirate apps and streaming or torrent websites, the survey shows an increase in the incidence of piracy across the region, climbing from 52% last year to 59% this year due to more piracy on social media and messaging platforms.
Novaspace, a merger between Euroconsult and SpaceTec Partners, the leading space consulting and market intelligence firm, anticipates that standardization will drive democratization, catalyzing the fast-paced technological evolution of optical communications and the market. Government-supported standardization efforts, such as the SDA program, have been conducted to drive down costs and enable larger adoption of laser communications technology, which for the moment, remains costly.
Slingshot Aerospace, Inc., the leader in AI-powered solutions for satellite tracking, space traffic coordination, and space modeling and simulation, today released its inaugural State of Satellite Deployments & Orbital Operations report which examines the evolution of the satellite market through the lens of the satellite lifecycles from launch to end of life.