Broadcast & Cablesat (2023-06-28)
According to global technology intelligence firm ABI Research, total satellite IoT connections will increase from 10.4 million in 2022 to 27.0 million in 2030 (at a CAGR of 12.7%), with satellite IoT connection revenue growing from US$2.2 billion to US$7.8 billion in the same period (at a CAGR of 16.6%).
“Reusable rocket technology has driven down the cost of launching satellites into orbit, with prominent players such as SpaceX and its Falcon rockets. Increased competition in the space launch services industry from China, for example, is expected to further drive down launch costs,” explains Matthias Foo, Industry Analyst at ABI Research. “Beyond that, CubeSat technology has also enabled quick and low-cost deployment of new LEO satellites as they can be built rapidly with standard off-the-shelf components.”
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