Market Trends

MarketBrief report on the Energy Market sponsored by ST Engineering iDirect

Featuring:

Satellite Connectivity for the Energy Market by Elisabeth Tweedie

Interview with Jean-Michel Rouylou, Head of Enterprise Market, ST Engineering iDirect

Case Study: ST Engineering iDirect’s Technology and  AXESS Maritime Provide Connectivity to a Leading 
Offshore Wind Service Provider

To read or download the pdf of full report click here.

Dublin, Ireland, August  3, 2022--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.

Paris, France, July 14, 2022--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 market intelligence report, now in its 8th edition, anticipates that about 18,500 smallsats will be launched over 2022-2031, representing about 365 tons per year, i.e., one ton per day to be launched on average over the next ten years. However, the smallsat market presents a growing number of challenges such as high inflation, limited market addressability, difficult profitability, oversupply risk and concentration of the market by a handful of established players.

London, UK, July 14, 2022--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.

Portland, OR, July 05, 2022-- 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. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Cambridge, Mass. July 1, 2022 - NSR’s Maritime Satcom Markets, 10^th Edition report finds Satellite Constellations from the likes of SES mPower, Starlink, OneWeb, Telesat Lightspeed, and more, poised to start a new era for maritime satellite connectivity. The revolution of low latency satellite constellations is underway, and their entrance into the Maritime market will have a profound impact on both uptake and revenue. 

Cambridge, Mass., June 21, 2022-- NSR’s Global Satellite Manufacturing and Launch Markets, 12^th Edition sees global satellite manufacturing and launch market positioned to generate $633B through the next decade. Primarily driven by non-GEO constellations, 33,000+ satellites are projected to be manufactured and launched by 2031.  With over 150 satellite constellations in various phases of funding and development, this segment is critical to the revenue picture for manufacturing & launch markets.

New York City, NY, June 15, 2022--The  World Teleport Association (WTA) released its latest research report entitled "Pros and Cons of the LEO Gateway Business."  In this report, WTA examines how the explosive wave of growth in LEO constellations for broadband and Earth observation has given rise to unexpected demand for communication gateways around the world.

Durham, NH, June 3, 2022 — New consumer research from Leichtman Research Group, Inc. (LRG) finds that 87% of U.S. TV households have at least one Internet-connected TV device, including connected Smart TVs, stand-alone streaming devices (like Roku, Amazon Fire TV sticks or boxes, Chromecast, or Apple TV), connected video game systems, and/or connected Blu-ray players.  This compares to 80% with at least one connected TV device in 2020, 69% in 2017, and 38% in 2012.