NEW YORK, Sept. 27, 2022 /PRNewswire/ -- Several massively disruptive political, economic, and social headwinds—soaring interest rates, looming food and energy shortages, a devastating and needless war, and the changing nature of work—are creating an especially challenging climate. According to global technology intelligence firm ABI Research, while the pandemic and increasing geopolitical tensions have tested supply chains, budgets, and schedules, the SatCom industry is showing its resiliency and adaptability and will deliver inclusive broadband services to urban, underserved, and unserved populations—a number that ABI Research estimates will grow to 330 million premises, equivalent to 1.3 billion household members, by 2026 as part of the Serviceable Addressable Market (SAM) potential for the global Satcom industry.
- "More now than ever, the Satcom industry is showing that it is primed for growth and here to stay," states Andrew Cavalier, Satellite Communications Industry Analyst at ABI Research.
- "While the pandemic and increasing geopolitical tensions have tested supply chains, budgets, and schedules, the industry is showing its resiliency and adaptability.
- In this respect, the industry is quickly accelerating market consolidation of major players and integrating Non-Terrestrial Networks (NTNs) for space-borne 5G broadband.
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