GOMspace: Small satellite revolution entring new phase - ABG

Key take away’s from world satellite business week Small satellites increasingly in focus Positive read across to long-term small sat. market Increased focus on small satellites at key industry event Today we had the pleasure of meeting with GomSpace CEO Niels Buus and CFO Troels Dalsgaard at the annual world satellite business week, which is a distinctive annual executive conference, for the gobal satelite (sat) connectivity and information industry. During the conference, the CEO confirmed that the key topics of focus had included 1) small sat low earth orbit (LEO) constellations (GomSpace’s focus area) which can be used to e.g reduce latency vs. traditional large sat, 2) the strengthen focus the European Union is placing on fostering the EU space economy and 3) the new trends, likely to further drive up demand for small sat constellations in the future e.g. connected cars. Material growth in small sat launches expected this decade The conference highlighted the revolution the market for small sats are seeing, with the number of launched small sats being launched between 2021-2025 expected to reach 1.300, up from 500 between 2016-2020 and an estimated 14.000 small sats to be launch with the next ten years. The growth is expected to come from larger constellations (like the potential +200 small sat Indra project, which GomSpace is involved in) and the more fragmented government projects. GomSpace well positioned for future growth The conference underpinned a strong outlook for small sats constalation within the LEO, which is an area where GomSpace is an especially well positioned and a suitable partner. And while the CEO also confirmed on a panel discussion that the current global supply chain issues is negatively impacting GomSpace’s ability to deliver products in the short-term, then they are seeing very stronger order intakes, with total order intakes for 2021 expected to reach ~ SEK 400m based on publicly announced orders. Overall, the conference provided a posit ... Läs mer på Introduce