CIO Tech Asia (2023-02-23)
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.
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