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Satellite telecommunications is a sector of the new space economy where companies provide wireless signal reception and transmission services. Internet of Things (IoT), DTH (Direct-to-Home) television, and high-speed data transmission are all becoming a part of our lives thanks to SATCOM companies.
The space services industry is one of the most well-developed areas of the new space economy. Suborbital tourism, the market for streaming services and high-speed data transmission, satellite monitoring, and the exploration of new natural resource deposits are commercial services in space.
With the further digitalization of our world, New Space will only increase its presence in all areas of the global economy. Today, we will talk about the companies applying new space technologies, and how they will be able to shape our tomorrow.
There are up to 250,000 objects in space. Most of these are space junk. Scientists and satellite operators are already criticizing the irresponsible use of space. To what extent is congestion in space a problem today, and where can this lead in the future? Let’s consider the facts.
Today, the industry for the production, launch, and operation of satellites accounts for 75% of the entire New Space Economy market ($271 billion). Between 2010 and 2020, the number of satellites increased from 958 to 3371. And this is only the very beginning of a new satellite era.
After August 22, 1976, the USSR never again carried out launches to the Moon. NASA switched off the lunar race. The Moon had fallen out of the superpowers’ interest. It was almost two decades before the situation began to change again, little by little.
The Moon has attracted the eyes and wonder of mankind since ancient times. Thus, it was only natural that the Moon was the first celestial body to which spacecraft were launched and which humans visited in person. Today, we are going to talk about the history of how mankind conquered the Moon.
In the space industry, 2021 will be remembered by many as the year in which three private companies sent tourists into space, the “billionaire race” went into full swing, and the James Webb telescope was finally put into orbit. We gathered up the main events of 2021 in the space industry.
One of the key segments of the NewSpace economy is the launch services industry. Today, the market as a whole is valued at $9.88 billion, and this figure will increase to $32.41 billion by 2027.
Max Polyakov Space editorial team has prepared a detailed analysis of the launch services market.