The satellite communications market is growing rapidly
NEW YORK, NY / ACCESSWIRE / September 29, 2021 / AdvanceTC Ltd (NSX: A88) (OTCQB: ATCLF) (âAdvanceTCâ or the âCompanyâ) explains the emerging market for satellite communications.
The Global satellite communications market was estimated at $ 56.01 billion in 2019 and is expected to reach $ 99.58 billion by 2027, registering a CAGR of 9.2% from 2020 to 2027
According to an article published by CNBC, the space economy estimated at $ 400 billion is still largely dominated by large aerospace and defense companies, serving government-funded interests. But investors say that is changing, with Morgan stanley, Goldman Sachs, Bank of America and UBS each publishing frequent research for clients on the growth of the space industry. The Wall Street consensus is that space will grow into a multi-billion dollar economy over the next 10 to 20 years – a vision investors are banking on today.
- In 2020, the global global space economy generated revenues of $ 371 billion, an increase of 1.4% from 2019.
- The commercial satellite industry once again remained dominant, accounting for $ 271 billion, or nearly 73 percent of global space activity.
- Technological innovations have increased data capacity and helped increase the number of subscribers, with satellite broadband revenue increasing 10% in 2020 to $ 2.8 billion.
- Innovations in radio frequency (RF), carbon emissions and other mapping capabilities increased satellite remote sensing revenue by 12% from the previous 12 months to $ 2.6 billion .
- In 2020, commercial launch services revenue increased 9% to $ 5.3 billion as the United States consolidates its leadership in launch services market share.
- Global satellite ground equipment revenue continued to grow 4% year over year to just over $ 135 billion, driven by continued global sales of global navigation system terminals by satellite (GNSS) such as smartphones and tablets.
The satellite industry, despite the pandemic, has shown growth. Analysts estimate that the global satellite communications and telecommunications market will grow 3.3% in 2021.
The main areas of application of satellite IoT technologies are well known: maritime transport, oil and gas industry with the monitoring of the condition of expensive equipment and highways, tracking of the location and condition of goods, people and all assets.
But in addition to these already well-known satellite IoT applications, there are several other areas where these technologies can lead to a noticeable change in the very appearance of basic services and services.
Let’s take a look at how satellite communication is being used today in ways we are not aware of:
Satellite IoT flood control. Sensors installed in the hazardous areas will transmit the surveillance data to the control service, which will make it possible, in the event of a flood threat, to quickly take the appropriate action situations.
Fire observation. Sensors connected to a satellite system, which are attached to trees about three meters in height, are increasingly common. They can transmit over 20 environmental parameters including temperature, barometric pressure, humidity, etc.
Oil spills and ice shears. Satellite-based buoy-sensor systems, in addition to determining the limits of the spill, monitor the situation and collect real data on the impact on the environment. When collecting ice condition data, the sensors record and transmit not only data on the movement of ice masses, but also relevant meteorological information, on the basis of which operational and long-term analysis of the movement. masses of ice is built.
Accumulation of plastic debris in the ocean. The ocean garbage collector, equipped with satellite communication systems, relays critical data on the condition and operation of a specific vessel to the situational center, and monitors the cleaning system.
Support for the operation of drones. The optimal solution has turned out to be the use of satellite technologies, which are based specifically on constellations in low orbit, since control can be performed in a system with low signal delay, say AdvanceTC specialists. Scope – delivery of goods and vaccines by unmanned aerial vehicles, remote sensing of the Earth, environmental monitoring, recording of damage caused by natural disasters, monitoring of fires, weather reconnaissance. Communication is an important part of security, especially when it comes to being in places far from civilization, such as the mountains. A smartphone will not help in such a situation, as the nearest base station is located hundreds or even thousands of kilometers away from you. But the satellite communicator has no such restrictions and, most importantly, it has an SOS button that works globally.
Search for people. Satellite sensors and trackers monitor people who find themselves in extreme or potentially dangerous conditions – geologists, surveyors, drillers, travelers.
The increase in the use of satellite phones due to the unavailability of cellular communications in emergency situations such as natural or man-made disasters, and even in defense missions to communicate with subordinates, is expected to drive market growth in the near future. In addition, satellite phone manufacturers are looking to create small and lightweight devices that will also drive future market growth.
With the new LEO satellite networks and significantly more available bandwidth, the satellite communications market is expected to become a viable connectivity option for more and more consumers and business users.
The growing demand for hybrid mobile satellite phones that can function as both satellite phones and smart phones, will accelerate the growth of the mobile satellite phone market.
Companies active in the device segment of the space communications market can expect rapid growth over the next 5 years.
About AdvanceTC Limited
AdvanceTC is a leading company specializing in the design, development and marketing of high-tech mobile wireless telecommunications and computing devices since 2005. AdvanceTC W3, a complete WindowsÂ® microcomputer integrated with telephony capabilities cellular and the Xplore X7, the world’s first Android smartphone with satellite messaging and emergency service, entirely designed and developed using its own patented technology and technical innovation.
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THE SOURCE: AdvanceTC Ltd
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