Inmarsat

Strong Growth in the Satellite IoT Industry Expected with Connection Revenue Reaching US$7.8 Billion by 2030

Retrieved on: 
Wednesday, June 28, 2023
Kepler, Small satellite, Shell, Communications satellite, Partnership, Swarm Technologies, Internet of things, Agriculture, Orbit, Sunward Aerospace Group, Intelsat, HEAD, CBM, Deutsche Telekom, Research, Space Applications Services, Johannes Kepler, Inmarsat, Globalstar, Ebro, Satellite, Falcon, ORBCOMM, SATCOM, LEO, SpaceX, Ecosystem, CubeSat, Industry analyst, Aircraft, Iridium

NEW YORK, June 28, 2023 /PRNewswire/ -- Decreasing costs of satellite launches and lower capital outlays have enabled several new Small Satellite (SmallSat) operators (such as Swarm Technologies, Kepler, FOSSA Systems, Sateliot, Lacuna Space, HEAD Aerospace Group, and Totum Labs) to enter the satellite Internet-of-Things (IoT) market with low-cost and low-power satellite connectivity offerings. These new entities seek to challenge traditional satellite IoT incumbents, including Inmarsat, Iridium, ORBCOMM, and Globalstar, to provide a more cost-effective solution for end customers. According to global technology intelligence firm ABI Research, total satellite IoT connections will increase from 10.4 million in 2022 to 27.0 million in 2030 (at a CAGR of 12.7%), with satellite IoT connection revenue growing from US$2.2 billion to US$7.8 billion in the same period (at a CAGR of 16.6%).

Key Points: 
  • These new entities seek to challenge traditional satellite IoT incumbents, including Inmarsat , Iridium , ORBCOMM , and Globalstar , to provide a more cost-effective solution for end customers.
  • According to global technology intelligence firm ABI Research, total satellite IoT connections will increase from 10.4 million in 2022 to 27.0 million in 2030 (at a CAGR of 12.7%), with satellite IoT connection revenue growing from US$2.2 billion to US$7.8 billion in the same period (at a CAGR of 16.6%).
  • Increased competition in the space launch services industry from China, for example, is expected to further drive down launch costs," explains Matthias Foo, Industry Analyst at ABI Research.
  • "As such, satellite connectivity is seen as a suitable option to augment existing terrestrial IoT solutions for these use cases," Foo points out.

AtomBeam Achieves $2 Million Milestone on StartEngine

Retrieved on: 
Thursday, June 22, 2023
Inmarsat, IBN, Starcom: The U.S. Space Force, AI, Trust, Data compression, Compaction, Machine learning, Algorithm, Intel, Internet of things, Cryptocurrency

MORAGA, Calif., June 22, 2023 (GLOBE NEWSWIRE) -- via IBN -- AtomBeam, the pioneering data compaction software company, has reached a significant milestone by surpassing $2 million in funding on the StartEngine crowdfunding platform.

Key Points: 
  • MORAGA, Calif., June 22, 2023 (GLOBE NEWSWIRE) -- via IBN -- AtomBeam, the pioneering data compaction software company, has reached a significant milestone by surpassing $2 million in funding on the StartEngine crowdfunding platform.
  • In a prior raise on StartEngine, AtomBeam raised almost $2.5 million, making the total over $4.5 million to date and placing AtomBeam’s campaign among the elite of crowdfunding capital raises.
  • "We are thrilled to have reached the $2 million milestone on StartEngine – a testament to the strong support and belief in AtomBeam's groundbreaking technology.
  • The $2 million milestone achieved on StartEngine serves as a testament to the strong support of and belief in AtomBeam's vision.

Viasat Announces Retirement of Vice Chairman Rick Baldridge

Retrieved on: 
Wednesday, June 14, 2023
Growth, Vice, Health, Acquisition, Education, ViaSat-3, Baldridge, Culture, VSAT, Management, Inmarsat, Viasat

CARLSBAD, Calif., June 14, 2023 /PRNewswire/ -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, announced today that Rick Baldridge will be retiring from his role as Vice Chairman, effective June 30, 2023, and will remain a member of the Board of Directors. The announcement comes following a successful close of Viasat's acquisition of Inmarsat, a deal Baldridge led for the last two years.

Key Points: 
  • CARLSBAD, Calif., June 14, 2023 /PRNewswire/ -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, announced today that Rick Baldridge will be retiring from his role as Vice Chairman, effective June 30, 2023, and will remain a member of the Board of Directors.
  • Baldridge joined Viasat in 1999, and has served in senior executive roles including Executive Vice President and Chief Operating Officer from 2002, and as President and Chief Operating Officer from 2003.
  • He was appointed President and Chief Executive Officer in November 2020 and assumed the role of Vice Chairman in July 2022.
  • "I am so proud to have worked alongside the incredibly talented employees at Viasat for the last 24+ years," said Baldridge.

Mobile Satellite Phone Market to Reach $808.5 Million, Globally, by 2031 at 3.9% CAGR: Allied Market Research

Retrieved on: 
Tuesday, June 13, 2023
Inmarsat, COVID-19, Globalstar, Growth, Communication, Weather, PDF, Table, LEO, Communications satellite, Iridium

PORTLAND, Ore., June 13, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Mobile Satellite Phone Market by Type (LEO Satellite Phone and GEO Satellite Phone), by Application (Defense, Maritime, Aviation, Oil and Gas and Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global mobile satellite phone industry generated $553.6 Million in 2021, and is anticipated to generate $808.5 Million by 2031, witnessing a CAGR of 3.9% from 2022 to 2031.

Key Points: 
  • However, the government organizations in various countries extended their support for mobile satellite phones to overcome the challenges during the COVID-19 emergency.
  • Additionally, several market participants focused their efforts on new product development and strategic alliances to lessen the impact of the pandemic on the mobile satellite phone market.
  • In the mobile satellite phone market, the marine sub-segment includes the usage of satellite phones and associated amenities aboard ships and other boats at sea.
  • North America is connected to numerous industry leaders in the mobile satellite phone market, including Inmarsat, Iridium, and Globalstar.

Mobile Satellite Phone Market to Reach $808.5 Million, Globally, by 2031 at 3.9% CAGR: Allied Market Research

Retrieved on: 
Tuesday, June 13, 2023
Inmarsat, COVID-19, Globalstar, Growth, Communication, Weather, PDF, Table, LEO, Communications satellite, Iridium

PORTLAND, Ore., June 13, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Mobile Satellite Phone Market by Type (LEO Satellite Phone and GEO Satellite Phone), by Application (Defense, Maritime, Aviation, Oil and Gas and Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global mobile satellite phone industry generated $553.6 Million in 2021, and is anticipated to generate $808.5 Million by 2031, witnessing a CAGR of 3.9% from 2022 to 2031.

Key Points: 
  • However, the government organizations in various countries extended their support for mobile satellite phones to overcome the challenges during the COVID-19 emergency.
  • Additionally, several market participants focused their efforts on new product development and strategic alliances to lessen the impact of the pandemic on the mobile satellite phone market.
  • In the mobile satellite phone market, the marine sub-segment includes the usage of satellite phones and associated amenities aboard ships and other boats at sea.
  • North America is connected to numerous industry leaders in the mobile satellite phone market, including Inmarsat, Iridium, and Globalstar.

SES Announces its Chief Executive Officer Steve Collar to Step Down

Retrieved on: 
Monday, June 12, 2023
Internet, Satellite, Audio, Video, Technology, Telecommunications, Inmarsat, Senior management, MPower, O3b, SES, Incident management team, Management

SES announces today that Steve Collar, Chief Executive Officer (CEO), will be stepping down at the end of June 2023 to pursue other professional and personal endeavours.

Key Points: 
  • SES announces today that Steve Collar, Chief Executive Officer (CEO), will be stepping down at the end of June 2023 to pursue other professional and personal endeavours.
  • The search for a successor is underway and Ruy Pinto, currently Chief Technology Officer of SES, will assume the role of CEO until a permanent successor is announced.
  • Frank Esser, Chairman of the SES Board of Directors, said, “We would like to thank Steve for his significant contribution to SES over a period of more than 20 years.
  • Prior to SES, Ruy spent over 25 years at Inmarsat in various lead technical and managerial roles.

Viasat Completes Acquisition of Inmarsat

Retrieved on: 
Wednesday, May 31, 2023
Satellite, PJT Partners, Barclays, VSAT, Aviation, Innovation, J.P. Morgan & Co., Latham & Watkins, Baupost Group, Kirkland & Ellis, Government, Steptoe & Johnson, Linklaters, Acquisition, Corporation, Growth, Viasat (American company), Safety, Guru Gowrappan, Renewable energy, Management, Viasat, Inmarsat

CARLSBAD, Calif., May 31, 2023 /PRNewswire/ -- Viasat Inc., (NASDAQ: VSAT), a global communications company, today announced the completion of its acquisition of Inmarsat.

Key Points: 
  • CARLSBAD, Calif., May 31, 2023 /PRNewswire/ -- Viasat Inc. , (NASDAQ: VSAT), a global communications company, today announced the completion of its acquisition of Inmarsat.
  • "We are thrilled to welcome Inmarsat's employees, customers, shareholders and partners into the Viasat ecosystem," said Mark Dankberg, Chairman and CEO, Viasat.
  • "I'd also like to thank the Viasat team and the leadership team at Inmarsat, especially the contributions of Rajeev Suri, Inmarsat CEO, and Andy Sukawaty, Inmarsat Chairman.
  • Rajeev and Andy will be joining the Viasat Board of Directors as representatives of the prior Inmarsat private equity ownership consortium.

ESpace Networks Accelerates Growth With $10 Million Investment From Columbia Capital

Retrieved on: 
Friday, May 26, 2023
IOT (Internet of Things), Data Management, Satellite, Technology, Professional Services, Travel, Rail, Maritime, Artificial Intelligence, Air, Transport, Telecommunications, Software, Cruise, Data Analytics, Mobile, Wireless, Aviation, Growth, Entrepreneurship, ESpace, Quality of experience, IMDC, Silviculture, Mobile phone, Inmarsat

ESpace Networks , a Florida-based software company transforming enterprise connectivity, announced today the successful closing of its Series A round, receiving a $10 million investment from Columbia Capital.

Key Points: 
  • ESpace Networks , a Florida-based software company transforming enterprise connectivity, announced today the successful closing of its Series A round, receiving a $10 million investment from Columbia Capital.
  • The funding will further advance ESpace Networks’ leadership enabling customers to intelligently manage connectivity for moving things.
  • “We are delighted to be partnering with Columbia Capital for the next phase of our growth,” said ESpace Networks CEO and Co-Founder, Benny Retnamony.
  • “We believe ESpace Networks' solutions allow customers to take full advantage of a generational shift in the satellite connectivity market,” said Monish Kundra, Partner at Columbia Capital.

Inmarsat’s Fastest Ever Inflight Broadband Plans Are Now Available for Business Aviation Customers

Retrieved on: 
Tuesday, May 23, 2023
Telecommunications, Internet, Hardware, Data Management, Technology, Air, Transport, Mobile, Wireless, Maintenance, Partnership, Business Aviation, EBACE, Aviation, Orbit, JX, Data-rate units, CJI, Jet, Honeywell, Collins Aerospace, Connex, Honeywell JetWave, Business, Communications satellite, 3D printing, Mobile phone, Inmarsat, Arctic

Satcom Direct’s Plane Simple Ka-band system has commenced flight testing and is expected to enter service later this year.

Key Points: 
  • Satcom Direct’s Plane Simple Ka-band system has commenced flight testing and is expected to enter service later this year.
  • All three next-generation terminals use innovative technology and lightweight designs to optimise performance, reduce costs, and simplify installation and maintenance.
  • The new Jet ConneX service plans are available through Inmarsat’s global business aviation distribution network, which consists of Satcom Direct, Collins Aerospace and Honeywell.
  • “These service plans have been specifically designed to deliver even greater value and performance based on unique insights into usage of our inflight broadband service.

Viasat Acquisition of Inmarsat Proceeds to Close

Retrieved on: 
Thursday, May 25, 2023
Inmarsat, Viasat, Acquisition, Viasat (American company), EC, European Commission, Civil service commission, VSAT

CARLSBAD, Calif. and LONDON, May 25, 2023 /PRNewswire/ -- Viasat Inc. , (NASDAQ: VSAT), a global communications company, and Inmarsat, a leading provider of global mobile satellite communications services, today announced that the European Commission (EC) unconditionally approved Viasat's acquisition of Inmarsat.

Key Points: 
  • CARLSBAD, Calif. and LONDON, May 25, 2023 /PRNewswire/ -- Viasat Inc. , (NASDAQ: VSAT), a global communications company, and Inmarsat, a leading provider of global mobile satellite communications services, today announced that the European Commission (EC) unconditionally approved Viasat's acquisition of Inmarsat.
  • This follows the recent U.K. Competition & Markets Authority's clearance on May 9, 2023, and that of the U.S. Federal Communications Commission on May 19, 2023.
  • The two companies will now work to expedite completion of the transaction, which is expected to close by the end of this month.