Analysts at BryceTech have examined 2024 data on behalf of the Satellite Industry Association (SIA) to provide a snapshot of the satellite sector’s role in the global space economy. In 2024, the satellite industry accounted for $293 billion, or 71 per cent of the $415 billion global space economy. Bryce’s highlights show that as of […]
Analysts at research consultancy BryceTech say that investment in commercial space ventures attracted about $8 billion (€7.5bn) in 2022. Bryce says that this investment was in the form of 154 deals, involving more than 400 investors, in 123 companies based in 20+ countries. For eight of these companies, 2022 saw their first publicly announced funding. […]
The Satellite Industry Association (SIA) has announced the release of its 26th annual State of the Satellite Industry Report (SSIR), a global summary of the commercial satellite industry. For a fifth consecutive year, the commercial satellite industry launched a record number of commercial satellites into orbit. A total of 2,325 commercial satellites were deployed during […]
A report from Virginia-based BryceTech says that Space Tugs (or more correctly Orbital Transfer Vehicles/OTV) which rescue failing satellites in orbit will help save satellite operators “millions” as the technology develops. However, this is not a ‘jam tomorrow’ claim or forecast given that there are already such rescue Tugs in orbit. 2022 will see six […]