There are two emerging trends setting the pace for the satellite industry.
Satellite is becoming a global provider of home internet access.
With the anticipated increase in expenditure and the associated number of satellites being deployed, there will be significant increases in capacity available across the globe, which is expected to drive down the cost of accessing the internet using satellite technology. We could potentially see between 10 and 30 thousand satellites launched in the next decade, facilitating global coverage and bringing internet to the most remote parts of the world.
Secondly, satellite is increasingly becoming an Internet of Things (IoT) technology.
Until recently, it cost several thousand dollars to have a GPS unit installed in your vehicle, now it’s readily available as an affordable technology that most people can access on their mobile phones. As we continue to explore the possibilities of using satellite as an IoT technology, we are seeing great productivity advancements and cost efficiencies across a wide range of industries.
Peter Bolger— CEO, Pivotel