Victor Xu

Satellite Communications (SatCom) has entered a period of renewed interest with innovative technological advances, mainly driven by ballooning investment dollars in the high-growth space tech segment and the demand for global connectivity. The SatCom ecosystem has two segments: ground equipment and space. Global technology intelligence firm ABI Research foresees sustained ground segment growth from the SatCom terminals market, potentially reaching a market value of $US15.6 billion by 2030. “Technological gains in space tech have laid the foundations for innovative SatCom applications across diverse operational domains and a new age of intelligent satellites and satellite ground equipment. With the rapid advancements in Space Tech, the SatCom industry is at a critical inflection point. It is poised to expand beyond niche market status to play a broader role in modern communications in the coming years,” says Dean Tan, Satellite Communications Industry Analyst at ABI Research.

“Technological gains in space tech have laid the foundations for innovative SatCom applications across diverse operational domains and a new age of intelligent satellites and satellite ground equipment,” advises Dean Tan, Satellite Communications Industry Analyst at ABI Research. “With the rapid advancements in Space Tech, the SatCom industry is at a critical inflection point. It is poised to expand beyond niche market status to play a broader role in modern communications in the coming years.”

Satellite Communications (SatCom) has entered a period of renewed interest with innovative technological advances, mainly driven by ballooning investment dollars in the high-growth space tech segment and the demand for global connectivity. The SatCom ecosystem has two segments: ground equipment and space. Global technology intelligence firm ABI Research foresees sustained ground segment growth from the SatCom terminals market, potentially reaching a market value of $15.6 billion by 2030.