In keeping with a brand new report from world expertise intelligence agency ABI Analysis, the whole variety of energetic LEO (together with VLEO) satellites in operational orbit will enhance from 7,473 in 2023 to roughly 42,600 by 2032.
As China and Europe intensify their efforts and make vital investments within the LEO satellite tv for pc market, there’s a rising emphasis on house applied sciences for each nationwide and industrial methods. With extra firms getting into this sector, there are huge alternatives to develop throughout numerous trade verticals to seize the potential the house area affords.
“As we observe more competitors innovating their technologies and upgrading their satellite constellations to stay ahead in the space race, we anticipate a surge in commercial investment in satellite services and applications, including the Internet of Things (IoT), remote sensing, and global satellite communications. Additionally, advancements in real-time data processing and analysis, coupled with growing competition in value-added services such as Artificial Intelligence (AI) and edge processing, will spur increased applications in the Earth observation industry. These factors are expected to drive significant growth in the LEO satellite market in the coming decade,” explains Rachel Kong, Analysis Analyst at ABI Analysis.
Many satellite tv for pc community operators are seizing this chance to put money into their networks or collaborate with expertise firms. Within the AI and edge processing house, firms like AWS, Spire World, Telesat Lightspeed, D-Orbit, Anduril, and Ubotica are exploring new alternatives to ship superior methods that combine these applied sciences into satellite tv for pc networks.
Chinese language operators resembling Spacesail, China Satellite tv for pc Community Group, and Shanghai Landspace Expertise are additionally accelerating the event of their satellite tv for pc constellations to strengthen nationwide protection and safety methods. This contains their ambition to turn out to be world leaders in communications and different key house capabilities.
“To capitalize on the growing opportunity in the satellite market, it is essential for ecosystem players to recognize the potential in emerging markets such as Asia-Pacific, Southeast Asia, and Africa,” provides Kong. “These regions offer vast untapped opportunities, though a lack of investment and regulatory barriers currently limits them. Moving forward, it will be crucial to collaborate with local governments and ecosystem players to align regulatory policies, expand broadband access, and strengthen digital infrastructure.”
