Europe/UK has the second-largest public space budget in the world, with numerous active satellite R&D programs and manufacturing facilities spanning different European countries. The increasing budgets for R&D and the resultant innovative satellite-based products and services are propelling the growth of the small satellite industry. Traditional satellites now coexist with micro and nano-satellites, also called “smallsats,” which have grown in popularity due to the miniaturization of electronic components.
NanoSats drive the next generation of satellite capabilities. Further, the low manufacturing cost of small satellites is paving the way for the mass production of space equipment. The market is booming due to the rising demand for affordable miniaturized satellites for a wide range of applications. With multiple planned launches anticipated throughout the projection period, Europe is placing greater emphasis on small satellite constellations.
Another significant trend is satellite Internet of Things (IoT), which enables unparalleled connectivity across sectors, powering 5G and impending 6G capabilities. Digitized payloads, propulsion systems, and artificial intelligence (AI) enable satellites to carry out complicated tasks autonomously. Owing to the increasing government and private investments, startups are working on satellite manufacturing, operations, and services, laying the foundations for a new age of intelligent satellites.
Additionally, there is a continuous requirement for more reliable and secure satellite communications in the defense industry, which is predicted to increase market potential over the next years and offer lucrative prospects for satellite producers. Through 2028, increasing government spending is anticipated to positively boost satellite market expansion.
In this edition of Aerospace and Defense Review, we bring you the story of some of the most successful satellite tech solutions providers in Europe/UK like HITEC Luxembourg and Sarmap, that deliver the best technological outcomes for their clients. This edition also offers a combination of thought leadership articles from subject-matter experts like Bernard Krier, VP Engineering and Head of Systems & Propulsion at ATR, and Stein V, data science engineer at Brussels Airport, with real-life stories on fostering robust partnerships and exclusive insights from CIOs and CXOs. We hope this edition will provide you the assistance in choosing the right satellite tech solution provider according to your requirements. We present to you the Top 10 Satellite Tech Solutions Providers in Europe/UK – 2022.
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