#Satellite Market Forecasts

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Key Growth Drivers in the Space Launch Services Industry

The space industry is witnessing remarkable transformations, and space launch services are at the core of this revolution. The Space Launch Services Industry is projected to reach a staggering USD 29.6 billion by 2027, growing at a CAGR of 15.1% during the forecast period. This growth is fueled by increasing demand for satellite launches across multiple sectors, including commercial, military, and governmental applications.

As the space economy expands, new technologies, such as reusable rockets, miniaturized satellites, and flexible launch vehicles, are emerging, making space exploration more accessible and cost-efficient. This blog delves into the fundamentals of Space Launch Services, exploring how the market works, what drives its growth, key opportunities, and challenges, as well as providing an overview of the major market Key Players and recent advancements.

What Are Space Launch Services?

Space launch services encompass all activities involved in sending payloads, such as satellites, space probes, cargo, and even humans, into space. A typical space launch service includes a variety of components: from building and preparing the rocket or launch vehicle, managing ground-based launch operations, integrating payloads, to post-launch services, including satellite deployment and orbit management.

In recent years, private companies, in addition to government agencies, have begun to dominate the space launch services market. Key players like SpaceX and Rocket Lab have developed reusable launch vehicles, reducing the cost per launch and enhancing the frequency of space missions.

Key Components of Space Launch Services:

Launch Vehicle: The rocket that carries the payload into space.

Ground Control Systems: Facilities that track and control the launch vehicle during its flight.

Payload: The cargo, whether satellites, scientific instruments, or crewed modules, being carried to space.

Mission Integration: Ensuring that the payload is securely fitted and compatible with the launch vehicle.

How Do Space Launch Services Work?

Space launch services typically involve a multi-phase process:

Design & Development of Launch Vehicles: Spacecraft manufacturers design rockets with capabilities tailored to customer requirements, including payload type, orbit, and mission timeline.

Mission Planning: Launch service providers, together with clients, select the appropriate launch window, trajectory, and other mission parameters.

Payload Integration: The payload is integrated with the launch vehicle, ensuring that it is securely fastened and that all systems work harmoniously.

Launch Operations: On launch day, the ground control systems monitor the launch vehicle, guiding it to the correct trajectory.

Post-Launch Services: These include satellite deployment, monitoring, and managing the payload's position and performance in orbit.

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Space Launch Services Market Growth Drivers

Several factors contribute to the rapid growth of the space launch services market:

1. Growing Demand for Small Satellites

Small satellites, or smallsats, are increasingly popular for applications such as Earth observation, communications, and research. Their reduced size and weight lead to lower launch costs, making them an attractive option for both governmental and commercial users.

2. Technological Advancements in Launch Vehicles

Innovations like reusable rockets, pioneered by companies like SpaceX, have made space launches more affordable and sustainable. Reusability reduces the need to build new rockets for every mission, significantly lowering costs and accelerating the pace of launches.

3. Increased Government and Military Investments

Governments and military organizations worldwide are increasing their investments in space exploration and satellite deployment. For example, the U.S. Department of Defense has intensified its satellite programs to enhance global communication, navigation, and surveillance capabilities.

4. Commercialization of Space

The rise of private companies in the space industry has led to increased competition, which in turn has lowered costs and spurred innovation. Commercial space missions are now more frequent, and private enterprises are launching satellites for various purposes, including broadband internet (like SpaceX’s Starlink).

Space Launch Services Market Opportunities

The future of space launch services presents several exciting opportunities:

1. Miniaturization of Technology

As satellite technology continues to miniaturize, the demand for small launch vehicles increases. Smaller payloads mean more cost-effective launches, allowing businesses and governments to deploy larger satellite constellations.

2. Reusable Rockets

Reusable launch systems significantly lower the cost per launch, making space more accessible. SpaceX’s Falcon 9 rocket is a prime example of how reusable technology has revolutionized the market, enabling more frequent and cheaper space launches.

3. Private Space Exploration

Private companies are pushing the boundaries of space exploration. SpaceX’s Starship and Blue Origin’s New Glenn are designed for deep-space missions, potentially enabling humans to explore the Moon, Mars, and beyond.

4. Emerging Space Markets

Countries like India and China are making massive strides in space exploration. India’s ISRO (Indian Space Research Organisation) and China’s CNSA (China National Space Administration) are developing low-cost, reliable launch systems, contributing to the global expansion of the space launch services market.

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Key Market Players

Several prominent players dominate the space launch services market:

SpaceX (US): Known for its reusable rockets, SpaceX is one of the leading private space companies, offering frequent launches for both government and commercial clients.

Arianespace (France): Europe’s leading space launch service provider, Arianespace specializes in deploying commercial satellites and scientific payloads.

Northrop Grumman Corp. (US): With expertise in defense and aerospace technologies, Northrop Grumman plays a crucial role in space transportation and satellite deployment.

United Launch Alliance (US): A joint venture between Boeing and Lockheed Martin, ULA provides reliable launch services for a variety of payloads, including defense and commercial satellites.

Rocket Lab (US): Focused on small satellite launches, Rocket Lab has carved a niche by offering frequent and low-cost launches for miniaturized payloads.

China Aerospace Science and Technology Corporation (China): As the largest space organization in China, CASC handles military, scientific, and commercial space missions.

Recent Developments

The space launch services industry is continuously evolving, with several recent developments pushing the boundaries of space exploration:

Rocket Lab’s Successful Launches: In March 2022, Rocket Lab successfully deployed its second Synthetic Aperture Radar (SAR) satellite for data provider Synspective. This brings the total number of satellites launched by Rocket Lab to over 110.

NASA’s Artemis Program: NASA’s Artemis program, which aims to land humans on the Moon by 2024, is working with private companies like SpaceX, Blue Origin, and Dynetics to develop lunar landers.

SpaceX’s Starship Testing: SpaceX continues to test its Starship vehicle, which is designed for deep-space exploration. Starship is expected to revolutionize space travel, with missions planned for Mars in the coming years.

Challenges in the Space Launch Services Market

While the space launch services market is expanding rapidly, there are several challenges that could potentially hinder growth:

Lack of Dedicated Launch Vehicles: Many small satellites are launched as secondary payloads, meaning they do not have control over their launch schedule or target orbit. This limits their mission effectiveness and delays deployment.

High Costs of Space Exploration: Despite advancements in reusable technologies, space exploration remains costly. The development of high-tech spacecraft and reliable launch systems requires significant investment.

Scarcity of Intellectual Assets: As more countries and companies enter the space race, the scarcity of skilled personnel and intellectual assets becomes a concern. Countries with fewer space exploration programs often struggle to find qualified personnel to run missions.

Cybersecurity Risks: As space missions become increasingly reliant on digital infrastructure, the threat of cyberattacks looms large. Protecting sensitive satellite data and launch operations from potential hackers is crucial for maintaining national security and mission success.

Frequently Asked Questions (FAQ)

What are space launch services? Space launch services encompass all activities involved in sending payloads, such as satellites or crewed missions, into space.

Which are the key players in the space launch services market? Key players include SpaceX (US), Arianespace (France), Northrop Grumman Corp. (US), United Launch Alliance (US), Rocket Lab (US), and China Aerospace Science and Technology Corporation (China).

What are the major drivers of the space launch services market? Key drivers include the increasing demand for small satellite deployments, reusable rocket technology, and rising government and military investments.

What are the key challenges in the space launch services market? Challenges include high development costs, lack of dedicated launch vehicles for small payloads, and cybersecurity risks.

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Key Takeaways

The space launch services market is projected to reach USD 29.6 billion by 2027, driven by increased demand for small satellite launches and technological advancements in reusable rockets.

North America holds the largest market share, followed by Europe and Asia-Pacific.

Key players in the industry include SpaceX, Rocket Lab, and Arianespace, which are pushing the boundaries of cost-effective space launches.

Reusable rockets and miniaturization of satellite technology offer significant growth opportunities in the space sector.

Challenges such as high costs, lack of launch vehicles, and cybersecurity threats remain.

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Satellite Manufacturing Market - Forecast(2024 - 2030)

Satellite Manufacturing Market Overview

The Global Satellite Manufacturing Market is estimated to reach $24.0 billion by 2026, growing at a CAGR of 3.2% during 2021-2026. Satellite are launched into the space to provide various services such as telemetry, remote sensing satellite, automatic identification system, surveillance, communication and others. Major drivers for satellite manufacturing market growth are surge in utilization of satellites for military surveillance and other defense applications. There is a requirement of more data bandwidth and reliable communication infrastructure to the military for meeting the growing demand from UAVs and modern equipment. Surge in satellite based telemetry and geostationary  applications, development of all-electric propulsion systems for use in sun-synchronous orbit satellites along with the growth in R&D space activities are driving the growth of the market.

Report Coverage

The report: “Satellite Manufacturing Market – Forecast (2021-2026)”, by Industry ARC covers an in-depth analysis of the following segments of the Satellite Manufacturing Market. 

By Type– Communication Satellite, Remote Sensing Satellite, Navigation Satellite, Geocentric Orbit type satellites, Global Positioning System, Geostationary Satellites, Drone Satellite, Ground Satellite, Polar Satellite, Nano Satellites, CubeSats, SmallSats

By Size– Large, Medium, Mini, Micro, Nano, Pico, Femto

By Orbit Location– LEO Satellites, Sun-Synchronous Orbit Satellites, GEO Satellites

By Application- Military & Government, Commercial

By Geography - North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Australia and Others), and RoW (Middle east and Africa)

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Key Takeaways

The rise in adoption of satellites in Military and Space applications along with increased R&D activities are driving the growth of the market.

Military sector is witnessing a significant growth of the market owing to the requirement of advanced communication systems for completing their missions and tracking the exact position and movement of their solders.

North America is witnessing a significant growth of the market owing to the presence of one of the biggest space research organization “NASA” in which R&D activities are majorly performed along with the new policies organized by the government related to the satellites in the Military and Defense sector. 

Satellite Manufacturing Market Segment Analysis - By Type 

By Type the market is segmented into Communication Satellite, Remote Sensing Satellite, Navigation Satellite, Geocentric Orbit type satellites, Global Positioning System, Geostationary Satellites, Drone Satellite, Ground Satellite, Polar Satellite, Nano Satellites, CubeSats, SmallSats. Communication satellite are dominating the market at 24.5% in 2020 owing to its large use in television, telephone, radio, internet and military applications. Communication satellite uses radio frequencies and microwave frequencies to allow communication between separated geographical points on the Earth. Communication satellites are used in variety of applications such as long-distance telephone transmission, gathering intelligence in military, navigation of ships and aircrafts, weather forecasting and others owing to which it has a demand in the market. These factors have boosted the market growth.

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Satellite Manufacturing Market Segment Analysis - By Application

By Application the market is segmented into Military & Government, Commercial. Military & Government is witnessing a significant growth in the market. Military and Government sector is witnessing a significant growth in the market at 3.9% CAGR through 2026. In Military and government the satellites are used for intelligence gathering, military communications, and navigation purposes. The private and commercial satellites have become a significant provider of satellite services in the military applications. A continuous picture of location and movements of the solders are provided to the commanders through the combination of GPS –derived positioned data and advanced communication along with variety of space and airborne sensors. These factors are driving the growth of the market.

Satellite Manufacturing Market Segment Analysis - By Geography

By Geography the Satellite Manufacturing Market is dominated by North America with a market share 42.6% in 2020. Presence of robust framework for designing and manufacturing of satellites is one of the predominant factors driving the market in this region. The presence of the major key players and most advanced technological developments in this region is also boosting the growth of the market. On December 2919, National Defense Authorization acts was signed by President Trump. This act created a Space Force and is responsible for organizing, training, and equipping space forces command for the U.S military. The presence of one of the biggest space research organization “NASA” has also propelled the manufacturing of satellites with advanced technology which are involved in the R&D activities. These factors are driving the market in North America.

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Satellite Manufacturing Market Drivers

Surge in use of satellites in Military applications:

Surge of satellites in military applications have resulted in the development of small bodyguard satellite and space based laser defenses to protect important space assets. Many of the countries are purchasing satellites to support their own strategic Military activities. In APAC region China is the fastest growing country in civil, military and commercial capabilities. China is planning to launch two BeiDou Satellites into geostationary orbit in 2020. China plans to follow up this mission in late 2020 with Chang’e-5, a mission that aims to return samples from the Moon back to Earth for further study. U.S and other countries are also involved in the planning and launch of the satellites aiming to strengthen their military activities and communication within their armed forces. These factors are driving the market growth.

Technological advancements and growth in internet:

The rising use of internet applications have resulted in the manufacturing of more advanced satellite for communication purposes. The satellite are connected to the ground stations through which they are controlled. The antennas on satellites and ground stations, the landlines that connect ground stations to terrestrial networks, and the user terminals that connect to satellites are all potential intrusion points for cyber-attacks. Cyber-attacks can be used to monitor data traffic patterns. A cyber- attack on space systems can result in data loss, widespread disruptions, and even permanent loss of a satellite. To control all these situations the major key players are manufacturing the satellites with advanced capabilities. Rising internet penetration is propelling the growth of satellites used for communication purposes. These factors are fueling the growth of the market.

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Satellite Manufacturing Market Challenges

Complex Programming and Design related Risks:

Although the satellite are used in communications and many space missions but most of the space related missions fails due the complexity related to the designing and programming of the satellites. The designers relay on numerical modelling of vehicle aerodynamics rather than actual wind tunnel tests. These factors are causing major restrain in the market growth.

Satellite Manufacturing Market Landscape

Satellite Manufacturing Market is dominated by major companies such as Airbus Defense and Space, OHB SE, Boeing Defense, Space and Security, JSC Information Satellite Systems, Lockheed Martin, Northrop Grumman, Space Systems, Thales Alenia Space, Capella Space, Ursa Space Systems among others.

Acquisitions/Technology Launches

In January 2020, Capella Space evolved its satellite design “testbed satellite”. It enables on –demand observation from anywhere on Earth. This design is anticipated to deliver the most flexible and frequent high quality images in the market.

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Medium and Large Satellite Market Set for Explosive Growth

Latest added Medium and Large Satellite Market research study by Market Research Forecast offers detailed outlook and elaborates market review till 2032. The market Study is segmented by key regions that are accelerating the marketization. At present, the market players are strategizing and overcoming challenges of current scenario; some of the key players in the study are Airbus SAS (Netherlands), Lockheed Martin Corporation (U.S.), L3Harris Technologies Inc. (U.S.), SpaceX (U.S.), NASA (U.S.), Northrop Grumman Corporation (U.S.), Sierra Nevada Corporation (U.S.), ST Engineering (Singapore), The Boeing Company (U.S.), Thales Group (France) etc. Get inside Scoop of the report, request for free sample @: https://marketresearchforecast.com/report/medium-and-large-satellite-market-2665/sample-report The Medium and Large Satellite Marketsize was valued at USD 7.90 USD Billion in 2023 and is projected to reach USD 10.90 USD Billion by 2032, exhibiting a CAGR of 4.7 % during the forecast period. Market Growth Drivers: Rising Demand for Satellite Communication Equipment Due to Growing Space Exploration Programs Will Aid Market Growth Know your current market situation! Not just new products but ongoing products are also essential to analyze due to ever-changing market dynamics. The study allows marketers to understand Medium and Large Satellite Market consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue. The Global Medium and Large Satellite segments and Market Data Break Down Orbit: LEO, MEO, GEO, and Others","Application: Earth Observation, Navigation and Global Positioning, Communication, and Others","End User: Commercial, Government, and Military","Payload: Up to 5000 kg, 5000 to 10000 kg, and Above 10000 kg Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia. More Reports:

https://marketresearchforecast.com/reports/ship-rudder-market-2694 For More Information Please Connect MR ForecastContact US: Craig Francis (PR & Marketing Manager) Market Research Forecast Unit No. 429, Parsonage Road Edison, NJ New Jersey USA – 08837 Phone: (+1 201 565 3262, +44 161 818 8166)sales@advancemarketanalytics.com

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Global and Regional Analysis on the Satellite Imaging for Agriculture Market | BIS Research

In the pursuit of sustainable and efficient agricultural practices, the use of satellite imaging has emerged as a transformative tool for farmers worldwide. By harnessing the power of satellite technology and remote sensing, farmers can obtain critical data and insights about their fields, enabling them to make informed decisions, optimize resource utilization, and improve overall crop productivity.

Need for Advanced Agricultural Monitoring

As the global population continues to rise, the demand for food increases accordingly. The agriculture industry faces the challenge of producing more food while minimizing environmental impact and resource consumption. Satellite imaging for agriculture offers a solution by providing farmers with comprehensive and real-time data about their crops, enabling them to monitor and manage their fields with precision and efficiency.

According to BIS Research, the global Satellite Imaging for Agriculture Market was valued at $516.1 million in 2022, and it is expected to grow with a CAGR of 7.50% during the forecast period 2023-2028 to reach $785.3 million by 2028.

Understanding Satellite Imaging for Agriculture

Satellite imaging involves the capture and analysis of imagery and data obtained by Earth observation satellites orbiting our planet. These satellites capture images across the electromagnetic spectrum, including visible, near-infrared, and thermal wavelengths. By analyzing these images, farmers can gain valuable insights into various aspects of their agricultural operations, such as crop health, soil moisture, vegetation indices, and crop yield estimation.

Key Market Applications in Agriculture

Satellite imaging for agriculture finds diverse applications that revolutionize farming practices:

Crop Health Monitoring:

Satellite imagery provides insights into crop health and vitality.

Vegetation indices derived from satellite images help identify stress, deficiencies, diseases, or pest infestations.

Timely interventions based on satellite data can mitigate crop losses and optimize yield.

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Precision Agriculture:

Satellite imaging enables precision agriculture by mapping variations in soil moisture, nutrients, and crop growth.

Farmers can tailor inputs such as irrigation and fertilization to specific areas of their fields.

This precision approach optimizes resource utilization and enhances sustainability.

Crop Monitoring and Yield Estimation:

Satellite imagery facilitates continuous monitoring of crop growth and development.

Analysis of vegetation patterns and biomass accumulation helps estimate crop yields.

Farmers can plan harvest schedules and optimize logistics based on satellite data.

Land Management and Environmental Impact Assessment:

Satellite imaging supports land management and environmental impact assessment.

It helps monitor land use changes, deforestation, erosion, and agricultural impact on water bodies.

This information is crucial for sustainable land management and regulatory compliance.

Market Growth Drivers, Future Outlook, Challenges and Opportunities

Market Growth Drivers:

The satellite imaging for agriculture market is experiencing significant growth.

Advancements in satellite technology are driving market expansion.

Increased accessibility to satellite imagery is fueling the adoption of remote sensing data in agriculture.

Integration of artificial intelligence and machine learning algorithms is enhancing market growth.

Future Potential:

The future holds immense potential for satellite imaging in agriculture.

More farmers are embracing satellite technology to optimize their operations.

Satellite imaging contributes to global food security by improving agricultural practices.

Market Challenges:

Challenges exist in data interpretation, cloud cover, and spatial resolution limitations.

However, ongoing advancements in satellite technology and data processing techniques offer opportunities to overcome these challenges.

Collaboration and Opportunities:

Collaboration between satellite providers and agricultural stakeholders is crucial.

Partnerships between government agencies, private satellite companies, and agriculture-focused organizations can facilitate tailored solutions.

Democratization of satellite data access for farmers across different regions and scales of operation is essential.

Conclusion

Satellite imaging for agriculture is transforming the way farmers monitor, manage, and optimize their fields. By leveraging this technology, farmers gain access to critical information about crop health, resource utilization, and environmental impact. The Global Satellite Imaging for Agriculture Industry is poised for continued growth, driven by technological advancements, decreasing costs, and the increasing need for sustainable agricultural practices. As we look to the future, satellite imaging will play a pivotal role in enhancing global food production and ensuring a more sustainable and resilient agricultural sector.

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Small Satellite Services Market Growth Outlook, Recent Developments, Innovative and Forecast by 2030

The qualitative report published by Exactitude Consultancy research on the “Small Satellite Services Market offers an in-depth examination of the current trends, latest expansions, conditions, market size, various drivers, limitations, and key players along with their profile details. The Small Satellite Services market report offers the historical data for 2018 to 2023 and also makes available the forecast data from the year 2024 to 2030 which is based on revenue. With the help of all this information research report helps the Market contributors to expand their market positions. With the benefit of all these explanations, this market research report recommends a business strategy for present market participants to strengthen their role in the market. This report analyzes the impact of the Covid 19 pandemic on the Small Satellite Services Market from a Global and Regional perspective.

The global small satellite services market is expected to grow at 15.30 % CAGR from 2024 to 2030. It is expected to reach above USD 15.67 Billion by 2030 from USD 4.35 Billion in 2023.

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The increase in demand for mobility across the globe acts as one of the major factors driving the growth of mobile satellite services market. The rise in the use of satellite communication services for IoT, as well as in the disaster management areas in developed regions, and increase in integration demands of satellite and terrestrial mobile technology accelerate the market growth. The increase in the utilization of technology in various range of applications, including telecommunication, weather prediction, and navigation, military intelligence, and space exploration, and continuous advancements in digital technology further influence the market. Additionally, digitization and urbanization, rise in investment, and focus of data applications and services positively affect the mobile satellite services market. Furthermore, reliability in quality of service (QOS) and improved frequency spectrum extend profitable opportunities to the market players in the forecast period of 2021 to 2028.

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Satellite Data Services Market Size Share Forecast (2024-2034)

The Satellite Data Services market report offered by Reports Intellect is meant to serve as a helpful means to evaluate the market together with an exhaustive scrutiny and crystal-clear statistics linked to this market. The report consists of the drivers and restraints of the Satellite Data Services Market accompanied by their impact on the demand over the forecast period. Additionally, the report includes the study of prospects available in the market on a global level. With tables and figures helping evaluate the Global Satellite Data Services market, this research offers key statistics on the state of the industry and is a beneficial source of guidance and direction for companies and entities interested in the market. This report comes along with an additional Excel data-sheet suite taking quantitative data from all numeric forecasts offered in the study.

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Key players offered in the market: Airbus SE Harris Geospatial Solutions DigitalGlobe Satellite Imaging Corporation Planet Labs ICEYE URSA Space Systems SATPALDA Geospatial Services Earth-i Land Info Worldwide Mapping

Additionally, it takes account of the prominent players of the Satellite Data Services market with insights including market share, product specifications, key strategies, contact details, and company profiles. Similarly, the report involves the market computed CAGR of the market created on previous records regarding the market and existing market trends accompanied by future developments. It also divulges the future impact of enforcing regulations and policies on the expansion of the Satellite Data Services Market.

Scope and Segmentation of the Satellite Data Services Market

The estimates for all segments including type and application/end-user have been provided on a regional basis for the forecast period from 2024 to 2034. We have applied a mix of bottom-up and top-down methods for market estimation, analyzing the crucial regional markets, dynamics, and trends for numerous applications. Moreover, the fastest & slowest growing market segments are pointed out in the study to give out significant insights into each core element of the market.

Satellite Data Services Market Type Coverage: - Image Data Data Analytics

Satellite Data Services Market Application Coverage: - Energy & Power Engineering & Infrastructure Environmental Agriculture Maritime Others

Regional Analysis:

North America Country (United States, Canada) South America Asia Country (China, Japan, India, Korea) Europe Country (Germany, UK, France, Italy) Other Countries (Middle East, Africa, GCC)

Also, Get an updated forecast from 2024 to 2034.

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The comprehensive report provides:

Complete assessment of all opportunities and threats in the global market.

Satellite Data Services Market recent advancements and major events.

A thorough study of business policies for the growth of the Satellite Data Services Market leading players.

Concluding study about the growth plot of Satellite Data Services Market for upcoming years.

Detailed understanding of Satellite Data Services Market particular drivers, restraints, and major micro markets.

Favorable impression inside vital technological and market latest trends hitting the Satellite Data Services Market.

Reasons to Purchase Satellite Data Services Market Research Report

Develop a competitive approach based on the competitive landscape

Build business strategy by identifying the high growth and attractive Satellite Data Services market classifications

Identify potential business partners, gaining targets and business buyers

Design financial investment policies based on estimated high potential segments

Prepare management and tactical presentations using the Satellite Data Services market data

Plan for new product promotion and portfolio in advance

Covid-19 Impact Analysis: Our research analysts are highly focused on the Satellite Data Services Market covid-19 impact analysis. A whole chapter is dedicated to the covid-19 outbreak so that our clients get whole and sole details about the market ups & downs. With the help of our report the clients will get vast statistics as to when and where should they invest in the industry.

Contact Us: sales@reportsintellect.com Phone No: + 1-706-996-2486 US Address: 225 Peachtree Street NE, Suite 400, Atlanta, GA 30303

[sports9885]

Data Bridge Market Research analyses that the low-cost satellite market would exhibit a CAGR of 6.47% for the forecast period. Growing number of terrorist attacks or terrorism in general at airports and railway stations, increased preferences towards software defined payloads for communication satellites, growth and expansion of security and surveillance industry especially in the developing economies and growing public expenditure for the rapid development of internet of things technology are the major factors attributable to the growth of low-cost satellite market. Therefore, the baggage handling system market value would rocket up to USD 5.32 billion by 2029.

[aerospace-and-defence]

The Satellite Cables and Assemblies Market is projected to grow from USD 210 Million in 2021 to USD 560 Million by 2026, at a CAGR of 21.7 %.

[pravalika]

Smart TV Market - Forecast (2023 - 2028)

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According to a Cisco study, in the year 2019, online video streaming will account for 90% of the Internet traffic[1]. The telecommunications marketplace has not missed this update, and capitalized majorly on this factor. Smart TVs, one of the latest and most important electronic inventions, has made entertainment streaming a cakewalk. Smart TV market companies and online streaming services have developed a symbiotic relationship where the latter benefits from the large screens, and easy connectivity, and smart TVs make use of the plethora of options offered by streaming services. The global smart TV market size in 2018 was between $130 billion to $140 billion. The market is also projected to grow at a notable CAGR of 8%-10% during the forecast period of 2019-2025. 

Smart TV Market Outlook:

Any television that can be connected to the Internet, and used as a standalone device, is a smart TV. Though companies these days are selling intelligent TVs as a separate product, a regular TV with a set-top box can also be converted into a smart TV. Over-the-top content offered by online streaming services can be streamed seamlessly on smart TVs by connecting to the internet. This service is thoroughly utilized by consumers owing to the on demand streaming media facility that can be enjoyed on a large screen instead of being limited to our laptops, or mobile phones. As a result of China actively stealing production share of the smart TV market, Asia Pacific region leads the smart TV market globally with a regional share of 35%. 46 to 55 inches sized smart TVs are in extensive demand because of their screen size, as well as the accessibility their offer during global sports events like the FIFA World Cup, or the Olympics.

Smart TV Market Growth Drivers:

Rising Demand for Personalized Entertainment

Gone are the days when people would flock to cinema halls, or flip through their satellite TV channels. We have entered the times of online streaming on a big screen. Smart TV provides that facility by providing internet connectivity which helps consumers in subscribing to their favorite online streaming services like Netflix, and Amazon Prime. 

Global adoption of advanced technologies, and rising technological advancement will bolster the smart TV market growth.

Smart TV Market Challenges:

The most prominent challenge faced by the market is the taxation of smart TVs. In India for example, smart TVs are placed under the highest tax slab of the Goods and Services Tax. Consumers are supposed to pay 28% of the already exorbitant rates at which the TVs are sold. Relaxation of taxation will greatly benefit the market, and help fight this challenge.

Smart TV Market Key Players Perspective:

Key market players are equipping smart TVs with Artificial Intelligence in order to make the experience more seamless. Consumers can now communicate with their TVs, and more often than not, don’t need a remote control.

Key market players in the smart TV market are Sony Corporation, LG Electronics, Inc., TCL Corporation, and Koninklijke Philips N.V., Haier Electronics Group Co., Ltd, Intex Technologies, LeEco, Panasonic Corporation, Sansui Electric Co. Ltd., Samsung Electronics, Toshiba Corporation, and Videocon Industries Limited.

Smart TV Market Trends:

Smart TV Prices Will Fall Off In The Upcoming Years

Smart TVs share histories of what the consumer is watching with online streaming websites in order to present more relatable content. Interactive advertisement revenue is also shared between the TV companies, and the marketers, thus establishing a symbiotic relationship. Easier access to multiple shows, and similar services elevates consumer interest, which has led to virtually all sold televisions these days to be smart TVs. This will disrupt the market, and lead to lower prices with robust sales in the upcoming years.

Smart TV Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Smart TV Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of cheese in the Smart TV Market, and their specific applications in different areas.

Smart TV Market Report: Industry Coverage

The Smart TV Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

North America: The U.S., Canada, Mexico

South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark

APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

Middle East and Africa: Israel, South Africa, Saudi Arabia

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Satellite Communication Market - Forecast, 2024-2030

Satellite Communication Market Overview

The Market for Satellite Communication is projected to reach $15.18 billion by 2030, progressing at a CAGR of 9.4% from 2024 to 2030. Satellite communication refers to the transmission of data, voice, and video signals using artificial satellites as relay stations. This technology enables communication over long distances, including areas where traditional terrestrial communication infrastructure is unavailable or impractical. Satellite communication systems typically involve the use of ground stations to uplink data to orbiting satellites, which then downlink the data to other ground stations or directly to end-users. These systems are employed in various applications, including telecommunications, broadcasting, navigation, remote sensing, and military operations. The rising demand for various applications such as audio broadcasting and voice communications in end-user industries is analyzed to fuel the growth of the satellite communication industry. The significant adoption of direct-to-home (DTH) in media and entertainment applications is set to positively impact the growth of the market as satellite communication plays a crucial role in communication in providing subscribers with high-quality content. An increase in the use of High Throughput Satellite (HTR) and Low Earth Orbit Satellite for high-speed broadcasting satellite services, cellular backhaul, and other value-added services such as video conferencing, VOIP is set to be the major driver for the growth of the market. The rising adoption of satellite telemetry, automatic identification systems, and Very Small Aperture Terminal markets with improved uplink frequency will drive the market growth.

Report Coverage

The report based on: “Satellite Communication Market – Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments. By Technology: Satellite Telemetry, AIS, VSAT and Others. By Communication Network: Satellite Internet Protocol Terminals, Gateways, Modems and others. By Satellite Services: FSS, BSS, MSS, RNSS, Metrological Satellite Services, SBS, RSS. By Communication Equipment: Network Equipment, Consumer Devices. By End User: Commercial (Power and Utilities, Maritime, Mining, Healthcare, Telecommunication & others), Government & Military (Space Agencies, Defence, Academic Research & others). By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, and Others), APAC (China, Japan India, South Korea, Australia and Others), South America (Brazil, Argentina and others), and ROW (Middle East and Africa).

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Key Takeaways

Media and Entertainment is set to dominate the satellite communication market owing to the rising demand from a growing population. This is mainly attributed to the increasing demand for the internet and online streaming services such as Amazon Prime Video, Netflix and so on.

North America has dominated the market share in 2023, however APAC is analysed to grow at highest rate during the forecast period due to the high implementation of 5G in the mobile broadband technologies.

Deployment of 5G, requiring high bandwidth for communication is set to drive the market during the forecast period 2024-2030.

Satellite Communication Market Segment Analysis - by Satellite Services

Satellite services is segmented into fixed satellite services, broadcasting satellite services, mobile satellite services, radio navigation satellite services and others. Mobile satellite services is analyzed to hold the highest share in the satellite communication market in 2023 at 39.1% majorly attributed to the high number of subscribers. There are majorly deployed in aeronautical, land, and maritime services for communication thereby contributing to the growth of the market. For instance, SpaceX's Starlink aims to roll out a commercial satellite-to-phone service in 2024, starting with SMS, then expanding to voice, data, and IoT connectivity by 2025. Advertising on their website, they emphasize compatibility with unaltered LTE phones for setup. In November 2023, The Indian Space Research Organization (ISRO) and NASA are launched a collaborative Earth observation satellite in the first quarter of the upcoming year, as confirmed by the deputy minister for science and technology.

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Satellite Communication Market Segment Analysis - by End User

Media and Entertainment segment is set to dominate the market in 2023 at 25.9%. The significant rise in usage of services like Netflix, Amazon Prime Video, YouTube and so on for entertainment is set to contribute to the growth of the market. Adding to this, the breakout of COVID-19 has led to the high traffic in entertainment applications due to lockdowns implemented in various countries. This is set to be a major contributing factor for increasing demand for higher bandwidths resulting in the growth of the market during the forecast period. The Telecom and IT segment is analysed to grow at significant rate during the forecast period, majorly attributed to the deployment of technologically advanced internet connectivity solutions in the majority of the firms. All these factors are together impacting the growth of the satellite communication market. As a result, growing the demand for satellite services continues to surge across various sectors, driven by advancements in communication technology and expanding applications

Satellite Communication Market by Geography - Segment Analysis

North America is analyzed to be the dominant region in 2023 at 43%, followed by APAC and Europe. This is mainly attributed to the high adoption of advanced technologies in the region alongside the large infrastructural development for the implementation of high broadband services. APAC is anticipated to showcase the highest growth rate during the forecast period 2024-2030. This is majorly due to the high number of satellite launches aimed at communication. For instance, India launched GSAT-24, a communication satellite, in mid-2022. The satellite is built by ISRO for NewSpace India Limited (NSIL), a government company under the Department of Space. GSAT-24 is a 24-ku band satellite that weighs 4180 kg. Adding to this, the development of advanced technologies in countries such as China and South Korea is set to elevate the market growth rate. In December 2023, China became a pioneering force in 5G, boasting over 3 million base stations and extending services to 750 million mobile users and 17,000 factories. This technological advancement solidifies China's position as a global leader in both the deployment and commercialization of 5G infrastructure. These factors are set to boost the market growth during the forecast period 2024-2030.

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Satellite Communication Market Drivers

Growing demand for Maritime Satellite Communication

The increasing demand for maritime satellite communication is significantly set to contribute to the growth of the market. The growing concern for the safety of the people at the borders is creating a dire need for communication. This is set to impact the growth of the maritime communication satellite market. In February 2022, The Russian Satellite Communications Company (RSCC) 's maritime VSAT network expanded to 400 vessels, including 373 sea-going and river ships, along with 27 ice-class ships, including 12 icebreakers. This marks a significant milestone for the Russian Satellite Communications Company in providing connectivity to maritime fleets. This is mainly attributed to providing satellite Automatic Identification System (AIS) data used for ship tracking and specific maritime projects.

Increased Investments for Deployment of 5G

The rise in demand for the 5G and the rising investments for the infrastructure development is to boost the wireless connectivity market. However, the deployment of 5G requires high bandwidth resulting in the launch of satellites thereby contributing to the growth of the satellite communication market. In 2022, For the deployment of 5G, SpaceX has received approval to launch nearly 12,000 starlink internet satellites. Therefore, the launch of these satellites is set to drive the satellite communication market.

Satellite Communication Market Challenges

Space Debris Hindering Launch of Satellites

The presence of space debris is set to pose severe challenges to the communication satellite market. In 2022, the ESA's Space Environment Report reported that over 30,000 pieces of space debris have been recorded and are regularly tracked by space surveillance networks. Space debris poses a significant threat, hindering satellite launches due to collision risks. This dead satellite is also a liability for other satellites that are on a similar trajectory as it’s a popular spot to deposit communications and surveillance satellites. The presence of dead satellites is resulting in the space debris is posing a severe threat to the various other satellites as well as the environment. These factors are set to hinder the growth of the market.

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Satellite Communication Market Landscape

Partnerships, acquisitions, collaboration, technological innovation along with product launches are the key strategies adopted by the players in the Satellite Communication Market. The top players of the market include AsiaSat, Hughes, Bharti Airtel, Space Star Technology, Airbus SE, Thales Group, L3Harris Technologies Inc., Swarm Technologies, Inc., Viasat, Inc., General Dynamics, among others

Acquisitions/Technology Launches/Partnerships

In September 2022, Hughes Communications India has launched India's first High-Throughput Satellite broadband service, utilizing ISRO's GSAT-11 and GSAT-29 satellites along with Hughes JUPITER™ Platform ground technology. It delivers high-speed connectivity across India, supporting enterprise and government networks, community internet access, SD-WAN solutions, mobile network extension, and satellite internet for small businesses.

In November 2023, Viasat, Inc. and Skylo Technologies introduced the world's inaugural global direct-to-device (D2D) network, revolutionizing connectivity for consumers, businesses, and governments worldwide. Leveraging Viasat's expertise in satellite communications and Skylo's non-terrestrial network (NTN) services, this partnership unlocks vast potential for direct connectivity.

In July 2023, the SYRACUSE 4B secure military communications satellite, developed by Airbus and Thales Alenia Space, was triumphantly launched from the Guiana Space Center. This historic event marked the final mission for the Ariane 5, Europe's esteemed heavy launcher.

[themarketinsights]

Satellite Based Augmentation Systems Market is Booming Worldwide | Lockheed Martin, Northrop Grumman, Raytheon Company

Advance Market Analytics published a new research publication on “Global Satellite Based Augmentation Systems Market Insights, to 2027” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Satellite Based Augmentation Systems market was mainly driven by the increasing R&D spending across the world.

Major players profiled in the study are:

Northrop Grumman Corporation (United States), Advanced Navigation And Positioning Corporartion (United States), Raytheon Company (United States), Garmin International Inc. (United States), Saab AB (Sweden), INTELCAN TECHNOSYSTEMS Inc. (Canada), Honeywell International Inc. (United States), Thales (France), Lockheed Martin Corporation (United States), Universal Avionics (United States)

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Scope of the Report of Satellite Based Augmentation Systems

SBAS systems are geosynchronous satellite systems that provide services for improving the accuracy, integrity and availability of basic SBAS signals. A Satellite-based Augmentation System (SBAS) is a civil aviation safety-critical system that supports wide-area or regional augmentation – even continental scale – through the use of geostationary (GEO) satellites which broadcast the augmentation information. SBAS assist existing Global navigation satellite systems (GNSS) by improving their performance and compensating their drawbacks. They provide accuracy, integrity, reliability, and availability. Higher performance of GNSS assures aircrafts better flight navigation, furthering utmost travel safety. Due to this, SBAS are classified as primary navigation equipment, thus propelling the market. Many countries have launched their own SBAS to increase aviation-safety.Over the past few years, Satellite Based Augmentation Systems have evolved rapidly.

The Global Satellite Based Augmentation Systems Market segments and Market Data Break Down are illuminated below:

by Type (WAAS, EGNOS, MSAS, GAGAN, SDCM, Others), Application (Aviation, Maritime, Road & Rail, Others)

Market Opportunities:

Higher demand for efficient systems coupled with expansion across airports and ATC infrastructure

Market Drivers:

The increase in airport development and modernization projects is the key driver for the growth of this market. The recent growth in air traffic, both passenger, and cargo has resulted in the expansion and modernization of existing airports. The expansion and modernization of existing airports are expected to bolster the demand for an effective satellite-based augmentation system, which will aid in managing traffic and aircraft movement

Market Trend:

Renovation of airports worldwide widen the scope of GNSS in geodetic engineering, precision farming, and on road vehicle fleet management

Growing implementation of satellite-based navigation system as they help to shorten the route taken by aircrafts

What can be explored with the Satellite Based Augmentation Systems Market Study?

Gain Market Understanding

Identify Growth Opportunities

Analyze and Measure the Global Satellite Based Augmentation Systems Market by Identifying Investment across various Industry Verticals

Understand the Trends that will drive Future Changes in Satellite Based Augmentation Systems

Understand the Competitive Scenarios

Track Right Markets

Identify the Right Verticals

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

Have Any Questions Regarding Global Satellite Based Augmentation Systems Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/6750-global-satellite-based-augmentation-systems-market#utm_source=DigitalJournalVinay

Strategic Points Covered in Table of Content of Global Satellite Based Augmentation Systems Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Satellite Based Augmentation Systems market

Chapter 2: Exclusive Summary – the basic information of the Satellite Based Augmentation Systems Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Satellite Based Augmentation Systems

Chapter 4: Presenting the Satellite Based Augmentation Systems Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country 2016-2021

Chapter 6: Evaluating the leading manufacturers of the Satellite Based Augmentation Systems market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2027)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Satellite Based Augmentation Systems Market is a valuable source of guidance for individuals and companies.

Read Detailed Index of full Research Study at @ https://www.advancemarketanalytics.com/buy-now?format=1&report=6750#utm_source=DigitalJournalVinay

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

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Unit No. 429, Parsonage Road Edison, NJ

New Jersey USA – 08837

[mariacallous]

A nondescript suite of rooms in an office building in central Oslo hosts activity of the kind one would normally associate with a military headquarters or the CIA. In the central situation room, a monitor displays activity across the world’s oceans, while analysts at neighboring desks update this information around the clock. But this is not an intelligence agency  — it’s DNK, a Norwegian insurer of maritime war risk.

Today, intelligence is no longer just the domain of government agencies — or, rather, it shouldn’t be. Companies are now far more likely to be harmed by geopolitically linked events than ever before outside of full-scale wars. Thus, they need to keep a constant eye on the world. And if they do, they’re likely to see things that would be equally useful for their governments to know. 

DNK (a partner of the Atlantic Council���s Maritime Threats initiative, which I lead) has long insured merchant vessels against serious risks, and in today’s geopolitical climate, such risks are growing — fast. That means the company needs to know precisely what’s taking place in every corner of the maritime world, at all times.

“Intelligence are knowledge-based forecasts derived from verified data tailored to support decision-making. That’s different from what you get in the news,” said Freddy Furulund, who directs the Intelligence and Operations Center.

“To be able to provide such forecasts, you need to not only describe precisely what has happened, but you also need to contextualize it and describe its consequences for future voyages for the shipowner. We get data pointing in different directions, verify it, contextualize it and, most importantly, assess where it points to.” 

Some of this data comes from open sources, some from satellites and other technical means, and some from human sources. All of it is collected legally, and it all helps shipowners decide where to send their ships. “Intelligence providers are often seen as the bringer of bad news,” Furulund observed. “We inform our clients about how dangerous situations are in the days to come, but we also tell them about opportunities,” which can include things like minor changes to a ship’s route or placing armed guards on board.

Staffed by ex-military and intelligence professionals, the Intelligence and Operations Center has been operating since 2016, but intensifying political tensions over the past couple years have made it positively indispensable for both DNK and its clients. “Historically, the war risks insurance market argued that war risks would strike the insureds at random — which meant that loss-prevention activities, such as analysis of threat actors’ intentions and capabilities, weren’t pursued,” explained Svein Ringbakken, DNK’s managing director. But that’s changed dramatically.’

It’s not just that the Houthis are systematically targeting ships linked to Western countries; they also have far better weaponry than pirates ever did — and similar militias could start attacking merchant vessels elsewhere too. Indeed, some countries around the world appear to have decided to disregard global maritime rules altogether. And that makes it imperative for shipowners and insurers — not to mention crews — to understand where misfortune may strike from.

Meanwhile, foreign government officials visiting Norway often schedule a stop at DNK to see the center at work, and Furulund’s team regularly shares information with Western governments. “When we see something that poses an imminent threat to someone, we share that with not only the shipowner but also with the government — if it’s the government of Norway or a friendly country — or with whoever needs to be alerted,” he said. “It’s the ethical thing to do.”

Essentially, if Western countries are to withstand the aggression waged by various rivals and their proxies, sharing insights from the front line is the only way forward. And for Western countries today, it’s businesses rather than soldiers that are on the daily front line. (Should a war break out that would clearly change — but businesses will still face massive geopolitical risks.)

Not every company can operate its own intelligence center, of course, but more and more companies are now discovering they ought to collect threat information more systematically. Businesses simply need to do their best to discern what geopolitically linked risks may face them, not just in the Red Sea but in the Taiwan Strait, the South China Sea, the Baltic Sea, along the Cape of Good Hope route and other waters too — not to mention on land.

The Houthis recently resumed their campaign against Western shipping in the Red Sea after a couple weeks’ silence. Meanwhile, China’s maritime harassment of civilian vessels in the South China Sea continues. Is Beijing likely to expand its punishment of Western companies as proxies for their home countries? Will nations increasingly close to Russia and China try to harm Western companies operating in their countries? Western companies and governments need to know the answers to these questions — or at least gather enough information to make qualified assessments.

As many Western companies operate in places Western governments don’t, they should then share their insights with their home governments and other friendly states. And governments should return the favor.

We may not be able to clearly predict the acts of hostile states and groups with complete certainty, but making qualified assessments is far superior to sailing into uncharted waters. And that’s why we need a whole-of-society approach to intelligence too.

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