In 2024, investments over $1.7bn, and the availability of 20+ satellite-compatible smartphones accelerated the sector's growth.
Analyst Report
This is the second consecutive year of rapid growth for Starlink. The company almost tripled traffic in 2023.
Factors such as affordability, lack of skills and literacy, safety concerns and a lack of relevant content and services prevent users from getting online and...
The report projects that by 2029, 5G subscriptions will reach 519 million in the region.
Global satellite capacity is expected to reach 240 Tbps by 2028 and generate service revenues of nearly $120bn by 2033.
Direct-to-cell services enable cellular connections to access network services directly from satellites in orbit.
The firm has predicted 5,401 Earth Observation satellites will be launched between 2024 and 2033.
Satellite constellations are redefining the global maritime communications market over the coming decade after shipping operators adopt hybrid approach.
According to a report, the Asia Pacific area is forecasted to lead the way in the worldwide satellite modem industry.
