August 15, 2019 | International, Aerospace
Global launch demand and cumulative launch opportunities of $102.52 billion from 2019-2030 will augment growth prospects, finds Frost & Sullivan
LONDON, Aug. 14, 2019 /CNW/ -- New market entrants, platforms, services and business models are disrupting the global space industry. To serve an evolving market, value chain players are developing flexible, affordable, dedicated, competitive and complementary solutions for end customers to sustain significant growth opportunities. Frost & Sullivan forecasts the total revenue opportunities for the global satellite manufacturing market to soar past $366.06 billion with global launch demand for 12,766 satellites and cumulative launch opportunities of $102.52 billion for the period 2019 to 2030.
"The space industry is rapidly evolving. Not only are satellite platforms becoming more agile and robust with the execution of software-based satellites, electric propulsion systems and spot beam offerings, but competition in the launch services market is lowering prices and new entrants with mega-constellation-based business models are poised to disrupt the connectivity and earth observation market," said Arun Kumar Sampathkumar, Industry Manager, Space at Frost & Sullivan.
Currently, there is a clear gap between satellite launch demand and the supply of launch services with an average launch wait period of six months to two years for satellite operators. However, more than 40 global new participants are developing launch vehicles to bridge this gap.
"In the small-satellite launch segment, the major unmet needs include on-demand launch, independent mission from the primary launch payload, and launch cost," noted Sampathkumar. "Due to the existing gap between supply and launch, the launch service market is price inelastic. However, with the entry of new vehicles and reusable capabilities, launch supply is likely to increase and will lead the market towards price sensitivity."
Downstream data pressures have meant that communication satellites represent the fastest growing market segment, increasing demand for the manufacture of high-throughput and constellation communication satellites.
Sampathkumar sees multiple incumbents and new participants looking to install their high-capacity communication satellites in Geostationary Earth Orbit (GEO), Medium Earth Orbit (MEO), and Low Earth Orbit (LEO) orbits. This will result in both new installation and recurring replacement mission demand for manufacturing communication satellites.
Growth opportunities participants should tap into for future successes include:
'Consumerisation' of Space has taken a leap forward with end users demanding seamless connectivity, actionable geospatial intelligence, and advanced sensing capabilities to drive new business propositions and solutions. Disruptions impacting the ecosystem are driven by technology, manufacturing processes and business models from traditional players like SES, SpaceX and Airbus, and new space participants like RocketLab, EarthNow, OneWeb and SpireGlobal.
Frost & Sullivan latest analysis, Global Space Industry Outlook, 2019 and Beyond explores key questions such as what drives the market? What are the critical shifts to watch? Which best practices are important to note? Who are the emerging players? The space industry within the scope of this study is segmented into satellite manufacturing, launch services, ground stations and satellite networks, and downstream applications including satellite communication, earth observation, navigation, scientific missions, and technology demonstration.
Global Space Industry Outlook, 2019 and Beyond is the latest addition to Frost & Sullivan's Space research and analysis available through the Frost & Sullivan Leadership Council, which helps organisations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
May 16, 2023 | International, Other Defence
NATO member Denmark said on Tuesday that it aims to strengthen defence ties with other Nordic countries to protect critical infrastructure and counter the Russian threat both in the Arctic and the Baltic Sea region.
November 17, 2024 | International, Aerospace, C4ISR
November 23, 2020 | International, Aerospace
STUTTGART, Germany – Five NATO member nations have signed on to build the alliance's next-generation helicopter, planned to replace existing fleets starting in 2035. France, Germany, the United Kingdom, Italy and Greece each signed letters of intent to participate in the program, dubbed “Next-Generation Rotorcraft Capability,” or NGRC, per a Nov. 19 statement issued by NATO. Over the coming years, these partners will work together to develop “an entirely new helicopter capability” that would replace a variety of medium multi-role rotorcraft fleets that are expected to retire between 2035 and 2040. The program was launched on the margins of the virtually held defense ministerial meeting in October, the alliance said. “By investing our resources and channeling our development initiatives through a multinational framework, we are making sure allies are equipped with the best available capabilities, which helps to maintain NATO's technological edge,” NATO Deputy Secretary-General Mircea Geoană was quoted as saying in the release. The letters of intent are non-binding documents, and the initial cooperation effort is in principle open to other NATO allies and partners, subject to the approval of the existing participants, a NATO official said in an email to Defense News. Details including cost, work share between the five nations and specific timelines have not yet been released. NATO envisions defense ministers from participating countries will sign a legally binding memorandum of understanding for the initial concept phase around 2022. In the meantime, the allies will develop a statement of requirements to inform that concept phase, and hash out a cooperation plan to define, develop and field the next-generation helicopter. The NATO official noted that it will be critical to “get the intellectual foundation for NGRC right,” and that 2021 discussions to establish an initial common statement of requirements will not require “substantial” capital expenditures. Next year's efforts will provide “a robust starting point for the participants to discuss and design the subsequent concept phase and agree on the associated funding requirements for the following years,” the official said. As a medium multi-role rotorcraft, this new capability would assist NATO allies in missions including insertion and extraction of special operations forces, and transporting small- and medium-sized cargo and troops within operational theaters. It would also be used in medical evacuation, search and rescue, and anti-submarine warfare. NATO is launching this effort just as the U.S. Army is firming up requirements for its own new medium multi-role rotorcraft, via the Future Long-Range Assault Aircraft (FLRAA) competition. A draft request for proposals for this capability – part of the service's next-generation Future Vertical Lift family of systems – is expected by the end of 2020. Bell and a Boeing-Sikorsky team have each already built a technology demonstrator, and are expected to compete for the contract award, with plans to field the new aircraft by 2030. https://www.defensenews.com/global/europe/2020/11/20/five-european-allies-sign-on-to-build-natos-next-medium-lift-helicopter/