CAMBRIDGE, Mass., Dec. 06, 2021 (GLOBE NEWSWIRE) -- NSR’s newly released Space Traffic Study report finds that the amount of data to/from space will reach more than 500 exabytes of information from 2020 to 2030. Driven by the increasing needs for satellite-based connectivity and Earth Observation, data either generated in space or traveling through space will be roughly the equivalent of $3.9 billion average capacity smartphones over the next ten years. While still a ‘drop in the bucket’ compared to terrestrial networks, space data volumes are expected to increase 14x over the next ten years.
“Space is playing an increasingly important role in improving life here on earth – and the volume of data moving to/from space shows that,” states Report Author, Brad Grady. “Everything from providing rural broadband connectivity or connecting seafarers traveling the oceans far from families to monitoring climate change or providing precision navigation services to improve farming – all of these applications depend on data traveling through space.”
Satellite communications is far and above the largest source of data volume, growing at 27% Compound Annual Growth Rate (CAGR) from 2020 to 2030, but emerging applications such as space tourism, In-Orbit Servicing, and increasing requirements for Earth Observation all drive data volumes.
The commercialization of LEO – be it for Human Spaceflight and Tourism or Satellite Connectivity – is driving growth. In satellite connectivity GEO markets will still remain the core ‘location’ where data will go when it heads to/from space, however, Non-GEO will go from roughly 5% to over 30% by 2030 of all satellite connectivity traffic.
On the Human Spaceflight side, data volumes will grow 10x from 2020 to 2030 – supporting use cases as diverse as bleeding edge scientific research to social media postings for the growing space tourism market.
Overall, the largest take-away from NSR’s Space Traffic Study is that space still remains focused as a geographic location used for the benefit of life on earth – be it posting on social media from far-off locations to supporting rural connectivity programs across the globe.
At over 8,900 petabytes of data in 2020, growing to more than 125,000 petabytes of data by 2030 there is one thing clear – space traffic will continue to be more, not less important to life on earth.
About the Report:
NSR’s Newest offering Satellite Traffic Study – “How Much Data Over Satellite” (STS) is THE industry resource for assessment of the data traffic levels being generated across the sector through the decade. Providing essential insights on the volume of data ‘beamed back’ to earth the report answers: “How many PB?”
For additional information on this report, including a full table of contents, list of exhibits, and executive summary please visit www.nsr.com or call NSR are +1 617 674-7743.
Companies Mentioned in the Report:
Airbus, Analytical Space, Arctic Space Technologies, Astrobotic, Astroscale, Axiom Space, Blue Origin, Canadensys, Capella Space, Cisco, Clutch Space Systems, Exoanalytic, Firefly Aerospace, Fleet, Groundspace, Hiber, Hughes, IDRS, Infostellar, Intelsat, Intuitive Machine, iSpace, Kineis, Kubos, LEOCloud, Laserlight Communications, Launchspace Technologies, Leafspace, LeoLabs, Lockheed Martin, MDA, Made In Space, Masten, Maxar, Mitsubishi Electric, Momentus, Myriota, Nanoracks, Northrop Grumman, Northstar Earth & Space, Okapi, Orbit20, RSCC, Rocket-Lab, SSC, Sierra Nevada Corporation, Skyloom, Skywatch, Sobolt, Space Data Association, Space Union, SpaceLink, SpaceX, Spaceflight, Telespazio, Unibap, and Warpspace.
About NSR
NSR is the leading global market research and consulting firm focused on the satellite and space sectors, NSR’s global team, unparalleled coverage and anticipation of trends with a high degree of confidence and precision than the competition is the cornerstone of all NSR offerings. First to market coverage and a transparent, dependable approach sets NSR apart as the key provider of critical insight to the satellite and space industries.
Contact us at info@nsr.com to discuss how we can assist your business.
Press Contact:
Kristen Kloster-Grady
NSR Marketing Director
KKloster@NSR.com
