Asia-Pacific - Market Trends
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.
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
To read or download the pdf of full report click here.
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
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.
