Starlink drives NGSO dominance in maritime satcom market: Novaspace
NGSO solutions positioned to capture 97% market share by 2034, driven by Starlink growth.
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NGSO solutions positioned to capture 97% market share by 2034, driven by Starlink growth.
Combining Europes strengths in R&D with the Middle Easts ability to deploy capital at scale would benefit both regions.
These historic budget cuts mark a turning point for US space ambitions, targeting Artemis programmes plagued by unsustainable cost overruns.
Starlink's growth signals a strategic shift as SpaceX evolves from a launch provider to a diversified operator reshaping the commercial space landscape.
The satellite broadband market is expected to sustain an addressable user base of 650 to 750m through 2033.
Government investment remains a key factor in driving growth, with global military space budgets exceeding $64bn.
Defence spending has driven government space budgets to historic highs.
The smallsat market is expected to reach a value of $113.3bn driven by strategic investments and emerging technologies.
Global satellite capacity is expected to reach 240 Tbps by 2028 and generate service revenues of nearly $120bn by 2033.
The firm has predicted 5,401 Earth Observation satellites will be launched between 2024 and 2033.
Satellite constellations are redefining the global maritime communications market over the coming decade after shipping operators adopt hybrid approach.
According to Novaspace's findings, government expenditures on space defence and security have reached a historic high, surpassing $58bn.
Novaspace provides comprehensive, integrated service offerings to meet the evolving needs of the global space sector, offering strategic and technical perspectives for decision-makers in both private and public entities.
