The small satellite is projected to generate $15,686.3m (15.69 bn) by 2026 which garnered revenue of $3,632.4m in 2018, according to a new report by Trends Market Research, titled Small Satellite Market by Type, Application, and End-User: Global Opportunity Analysis and Industry Forecast, 2019-2026. The market is projected to experience a growth at a CAGR of 20.1% from 2019 to 2026.
Satellite and Broadcasting
SES Networks has announced the financial results for the year ended 31 December 2020.
The satellite operator announced its full year results, reporting overall revenues of 1.8 billion euros ($2.19 billion), a drop of 3% compared to the same stage in 2019.
The region’s first environmental nanometric satellite is scheduled to take off from Baikonur Cosmodrome in Kazakhstan on 20th March, 2021, Dubai Municipality, in collaboration with the Mohammed Bin Rashid Space Centre (MBRSC), has announced.
Tawazun Economic Council and the UAE's flagship satellite services operator, Yahsat, have signed a Memorandum of Understanding (MoU) to establish a new company to develop critical in-country capabilities in relation to the development and manufacture of advanced satcom solutions within the UAE, with a focus on building intellectual property locally for increased national security and advanced technology development.
SpaceX is seeking regulatory approval from the FCC to connect its Starlink satellites to trucks, shipping boats, aircraft, and RV’s. This request marks SpaceX’s biggest step yet toward connecting Starlink to the automotive sector, a step which could significantly expand its business.
EPI, a key contributor to UAE’s aerospace and defence industry, has announced that it has joined forces with the Mohammed Bin Rashid Space Centre (MBRSC), to manufacture key components for its new satellite project MBZ-SAT. The six-month-long project will see EPI produce 147 machined parts for MBRSC in addition to carrying out surface treatment and inspection services.
Satcom Global has added two new satellite beams - Astra 4a Nordic and SES-12 IOR, as an extension to its Aura VSAT maritime communications network.
Intelsat SA (OTC: INTEQ), operator of the world’s largest and most advanced satellite fleet and connectivity infrastructure, announced that it has obtained the support of key creditor constituencies on the terms of a comprehensive financial restructuring that would reduce the Company’s debt by more than half – from nearly $15 billion to $7 billion – and position the Company for long-term success.
As of next year, Lebanon is expected to welcome the long-awaited satellite internet constellation Starlink.
Al Yah Satellite Communications Company (Yahsat) has announced the appointment of three new members to its Board of Directors. Musabbeh Al Kaabi, CEO of the UAE Investments platform at Mubadala Investment Company PJSC (Mubadala), will assume the position of Chairman of the Board, and Badr Al Olama, Executive Director of the UAE Clusters unit within Mubadala’s UAE Investments platform, will join as a Board member.