The data, published by Euroconsult, also found that an increase in HTS capacity supply from 2,100 Gbps at the end of 2019 to 26,500 Gbps by 2024 is now “imminent”, due to high-volume manufacturing and batch launch campaigns such as those underway for SpaceX (pictured) and OneWeb.
The research read: “With several non-geostationary satellite orbit (NGSO) HTS constellations going into service during this time period, HTS capacity supply is on the verge of entering a period of unprecedented near-term expansion.”
Nine vertical markets have been identified as key to driving the anticipated growth. These are: consumer broadband, rural connectivity; civil government; corporate networks and energy; military communications; cellular backhaul and trunking; aero in-flight connectivity; maritime communications; video services.
Taking a 10-year view, from 2018 – 2028, aggregate capacity leasing revenue is due to reach $85 billion by 2028 and supply is expected to grow by 12 times between 2019 and 2024.
“The NGSO constellations are poised to fundamentally shift the HTS landscape,” said Brent Prokosh, senior affiliate consultant at Euroconsult, and editor of the research. “As opposed to the more regionalised impacts of past HTS supply roll outs, this upcoming boom in supply will have truly global impacts due to the scale, expansive coverage and flexibility of next-generation HTS systems.”
