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space (spās) n. 1. space beyond the atmosphere of the earth.

prag·ma·tism (prgm-tzm) n. A way of approaching situations or solving problems that emphasizes practical applications and consequences.

Wednesday, February 21, 2007

Satellite Market Growing

According to a Teal Group study, the commercial communications satellite is beginning to look up.

"Last year marked the second consecutive year of growth in the number of commercial communications satellites launched to geostationary orbit," says Marco Caceres, Teal Group senior space analyst. "This hasn't happened in at least the past 20 years, and it may signal the start of an up cycle for the overall market."

Other satellite market findings Teal Group will detail at the conference include:

  • Orders for more than 200 geostationary commercial communications
    satellites worth more than $25 billion through 2016.
  • Orders for more than 100 low earth orbit mobile communications
    replacement satellites, worth up to $4 billion in business.
  • Next-generation U.S. military satellite programs estimated at a total
    cost of $100 billion.

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