A recent study of current and evolving satellite communications technologies and markets found out that, between 2015 and 2022, growth in demand for satellite capacity to provide capabilities such as telemedicine, earth viewing, and education to remote and lesser developed areas, will drive the emergence of ‘disruptive’ technologies.
Advanced, next-generation microsatellites will mature, enabling many developed and developing countries to build their own microsatellites networks, for satellite communications, hosting either RF or laser payloads.
Launch costs of microsatellites will also be dramatically reduced as the ability to launch microsatellites from the stratosphere becomes an economically and technologically viable option. Here too, many developing countries will have the ability to hire launch services at a fraction of the current cost.
The result of all these trends will be a rapidly-growing, satellite communications global market, which will grow (under certain scenarios) at a CAGR of 83.4%, to a cumulative size exceeding $68 billion by 2022, providing multiple opportunities for market entre with robust growth expectations.
Source: ASDReports - Market Research
Date: Feb 23, 2017