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.
Global Markets - Market Trends
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
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
Analysis released by Media Partners Asia (MPA) indicate that total Asia Pacific online video industry revenue will grow by 16% year-on-year in 2022 to reach US$49.2 billion, according to the new report Asia Pacific Online Video & Broadband Distribution 2022, published by MPA.
Analysis released by Media Partners Asia (MPA) indicate that total Asia Pacific online video industry revenue will grow by 16% year-on-year in 2022 to reach US$49.2 billion, according to the new report Asia Pacific Online Video & Broadband Distribution 2022, published by MPA.
The latest update of “Prospects for the Small Satellite Market” was released this week by Euroconsult, forecasting further growth in the global supply and demand of government, commercial and academic satellites weighing up to 500 kg.
The aviation industry is exploring a number of longer-term solutions to meet its commitment for net zero emissions by 2050, including a transition from fossil fuels. However, a new whitepaper by Inmarsat and award-winning aviation journalist Elan Head highlights that the number of practical, immediately-viable options is limited to only two: either simply reduce flying or optimize the efficiency of flight operations.
According to a report published by Allied Market Research, the global commercial satellite imaging market generated US$3.3 billion in 2021, and is estimated to reach US$9.2 billion by 2031, witnessing a CAGR of 11.3% from 2022 to 2031.