World Satellite Business Week: Novaspace Predicts Revenue Shift in Satellite Market

Sunday, 15 September 2024, 14:10
Novaspace research reveals that by 2028, the world satellite business week will witness non-geostationary satellites outpacing geostationary ones in revenue. This transformation signifies a major shift in the satellite industry landscape. As satellite technology advances, the implications for businesses and services are profound. Companies must adapt to these changes to remain competitive in the evolving market.
Spacenews
World Satellite Business Week: Novaspace Predicts Revenue Shift in Satellite Market

The Shift in Satellite Revenue Dynamics

At the forefront of satellite innovation, Novaspace forecasts a significant change in revenue dynamics within the satellite industry. With non-geostationary orbit (NGSO) constellations gaining momentum, the revenue generated is projected to eclipse that of traditional geostationary satellites by 2028.

What This Means for the Industry

  • Business Opportunities: Companies should prepare for new business models arising from this shift.
  • Technological Advances: Enhanced technologies will drive the adoption of NGSO solutions.
  • Market Trends: Investors will increasingly focus on NGSO capabilities and services.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Related posts

Newsletter

Subscribe to our newsletter for the most reliable and up-to-date tech news. Stay informed and elevate your tech expertise effortlessly.

Subscribe