HTS ‘ key driver’ across en­ergy sec­tor over next 10yrs

OffComm News - - NEWS -

In its lat­est pa­per, en­ti­tled: En­ergy Mar­kets via Satel­lite, 5th Edi­tion, NSR finds that while near- term chal­lenges do ex­ist for some seg­ments of the en­ergy mar­ket, the long- term op­por­tu­ni­ties re­main strong. In fact, in ex­cess of US$ 3.8bil­lion in re­tail rev­enues are ex­pected from the oil and gas, min­ing, and util­ity mar­kets by 2024.

Lever­ag­ing tra­di­tional ground equip­ment in GEO, and new an­tenna tech­nolo­gies for MEO and LEO, HTS- based ser­vices will pro­vide more than half of this rev­enue, driven by the ne­ces­sity to im­prove re­mote op­er­a­tions while man­ag­ing satel­lite con­nec­tiv­ity costs.

Brad Grady, se­nior an­a­lyst at the firm and au­thor of the re­port, said: “As we see more ca­pac­ity in new or­bits, fre­quen­cies and geo­graphic cov­er­age, en­ergy mar­ket en­dusers are tak­ing note.”

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