NGSO market to propel more than US$300 billion revenues between 2021-2035
Orbofleet’s report titled ‘Global Non-Geostationary (NGSO) Satellite Communications Market’ has found potential US$300 billion opportunities across multiple market verticals between 2021-2035. The 2021 edition report taps onto the most significant and promising markets that are set to flourish with the growth of satellite broadband connectivity. It also provides a detailed insights into the market drivers, investment landscape, emerging technologies, and the key amplifiers of the upstream market segment.
Broadband demand has grown exponentially since 2020. And as the global communications market has set course to embrace new technologies, NGSO satellite connectivity will be crucial to serve the global connectivity needs. Orbofleet’s report provides a comprehensive analysis on types of applications and the potential business opportunities across multiple markets including mobility, government, consumers, and enterprises.
The unparallel growth of New Space investment through both government and private investors has amplified opportunities for NGSO satellite operators. The report also forecasts several aspects of investments with a potential return behind every billion-dollar invested in a company. Simultaneously, it also provides extensive insights on the unparallel technologies driving growth in quality and reducing satellite capacity prices.
“The worldwide robust demand in connectivity is elevated since the pandemic. NGSO will help serve this demand with high-speed connectivity as fast as Fiber (or higher) by not only reducing capacity and equipment prices but also helping companies explore multitude of opportunities in both upstream and downstream market”, says report Co-author and CEO of Orbofleet, Rami IBRAHIM.
Orbofleet’s forecasts of NGSO capacity in Tbps for businesses signifies a fourfold increase in demand from 2021 to 2035. The demand of utilization of different spectral bands will be on rise as NGSO operators roll out their services worldwide. Aligned with these developments, NGSO report also assess regional capabilities as well as the inception of Q/V band in the commercial sectors. According to Orbofleet’s market findings, NGSO market will accelerate the utilization of satellite capacity in the broadband market. The Ka-Band demand will be skyrocketing on a global scale, as well as the Q/V Band demand under the Extremely High Frequency (EHF), will increase gradually. These dynamic progress in utilization different high-frequency bands will lead to the low operational expenditure (OPEX) leading to the opening of business gateways for the new downstream customers as well as fulfilling their requirements. Further, the report forecasts that by 2022, the Ku-Band capacity will exceed 3 Tbps to provide capacity services targeting businesses and government markets. While the other NGSO operators focused Ka-Band will surpass 40 Tbps by 2026. Simultaneously, the Q/V-Band will gain momentum commercially exceeding 50 Tbps by 2035.
Numerous companies, organizations, and agencies are participating and engaging in amplifying the upstream and downstream market capabilities. These robust developments are further uplifting the innovative curve of the satellite industry. Orbofleet’s 2021 edition of NGSO report dissects this nucleus of emerging opportunities and presents actionable insights to help commercial, civil, and military sectors better understand and create a strong foothold in the NGSO market.
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