Space Market Takes Off
Military and aerospace (mil/aero) industry pundits predict market growth over the next couple decades. The space segment, in particular, shows great promise, with civil and military aerospace organizations investing time and money.
Forecast International projects the commercial communications satellite market to be worth $57.7 billion from 2013 through 2022, researchers revealed this summer. The public’s demand for data and connectivity continues to expand, and the communications satellites industry is growing to meet this demand.
“As market demand for data-intensive applications, such as high-definition video and broadband Internet, grows, so will the need for technologies to form the backbone of global networks,” predicts Bill Ostrove, Forecast International aerospace systems analyst and author of the firm’s latest space-related study.
Forecast International’s report, entitled “The Market for Commercial Communications Satellites,” tracks 45 satellite production programs and anticipates the production of 440 individual communications satellites during the study’s timeframe.
Growing demand for mobile broadband, digital television, in-flight entertainment (IFE), and broadband Internet connectivity onboard ships are driving satellite market growth. “Airlines such as United, Southwest, and JetBlue plan to have Wi-Fi on their entire fleets of aircraft in the future,” admits Ostrove, who predicts that primarily Ka-band satellites will supply the bandwidth needed to provide in-air broadband Internet connections.
Developing markets and areas that lack widespread terrestrial cable and fiber-optic networks are expected to experience the greatest growth. Areas where cable and fiber-optic line penetration is low include Eastern Europe, North Africa, Latin America, and the Middle East.
This geek looks forward to the day when I can easily and cheaply (free) play online games or watch HD movies on my laptop from the comfort of my seat aboard an aircraft. Moreover, this geek will rejoice the day we get worldwide, low latency, high bandwidth, wireless, satellite based internet!
Posted September 30th, 2013, by J VanDomelen