March 18, 2024 | International, Aerospace
August 15, 2019 | International, Aerospace
Small-satellites and Downstream Digital Transformation Accelerate Space Industry Evolution
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:
- The manufacturing sector utilising COTS technologies, additive manufacturing, Industrial IoT (IIoT), and serial production with systems and satellite platform standardisation.
- The launch services sector focussing on infrastructure-as-a-service for dedicated launch service providers and vehicle reusability to reduce launch costs.
- Ground station services players developing a global network of ground stations that utilise automated aggregator platforms as well as standarise mission control processes and systems.
- Earth observation participants developing affordable standard platforms for value-added service providers.
- Satellite communication players focussing on network standardisation and integration, including terrestrial and capacities in LEO, MEO, and GEO.
'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.
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January 31, 2019 | International, Aerospace, Naval, Land, C4ISR, Security, Other Defence
Denmark ups defense budget
By: Aaron Mehta WASHINGTON — In a move outside of its normal budgeting cycle directly aimed at the question of burden-sharing with allies, Denmark has agreed to increase its long-term defense spending. A coalition of parties in the Danish parliament have agreed to tack on 1.5 billion kroner (U.S. $229.7 million) to the agreed-upon defense budget for 2023, which would put defense spending at 1.5 percent of gross domestic product for that year. “It is on a good and well thought through basis that the parties to the defense agreement have now decided to further strengthen Danish defense, so that we will spend 1.5% of GDP in 2023,” Danish Defence Minister Claus Hjort Frederiksen said in a statement. “Danish status and reputation in NATO is of common concern and I would like to thank all parties for shouldering the responsibility.” The amendment comes less than one year after a coalition of parties agreed to a five-year defense spending agreement that planned for a 20 percent growth in military spending, from $3.8 billion in 2018 to $4.6 billion in 2023. It also comes just months before elections are set for Denmark, essentially removing the question of increased defense spending from the campaign. Just where that money will go is undecided at the moment. Denmark was already focused on standing up a light infantry battalion for national and international use; increasing anti-aircraft capabilities; buying the F-35 Joint Strike Fighter; and the creation of a special cyberwarfare unit. It is possible those capabilities could receive a funding boost. One thing is clear: The move is directly the result of a desire to support NATO amid calls from the Trump administration over fairer burden-sharing. In a statement, the political coalition notes “the Alliance has in the recent year taken important steps to further strengthen NATO's readiness and deterrence posture. The situation increases requirements to the Alliance and has reinforced the debate on fair burden sharing and Allies ability and will to defend themselves and each other. In light of this development Allies have taken new decisions to allocate additional resources to the armed forces towards 2024.” In addition to the spending increase, Denmark is changing how it reports its spending to NATO in order to “make sure the Danish defence efforts are duly reflected in the reporting to NATO.” Those changes will up Denmark's reported NATO support to 3 billion kroner annually from 2023 onward. Whether the increase will be enough to placate U.S. President Donald Trump remains to be seen. Trump has consistently called for European allies to spend more on defense, with a focus on hitting the target of spending 2 percent of GDP on defense, set at the 2014 Wales Summit. https://www.defensenews.com/global/europe/2019/01/30/denmark-ups-defense-budget/
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July 3, 2024 | International, Land
German budget committee clears over 6 bln euros of defence purchases, say sources