Space Communications Sector Should Hit $78 Billion By 2030 - Proffe Invest

Space Communications Sector Should Hit $78 Billion By 2030

By: March 14, 2024

Whether it’s fight wars, gathering intelligence, checking weather patterns for farmers, or just getting from Point A to Point B, almost everything we do in the digital age is dependent upon all the satellites orbiting the Earth.

Today, the next step is already underway as Space Race 2.0 starts to heat up.

With more and more countries and companies looking to expand the possibilities of space, it’s crucial that we develop reliable, powerful communications platforms that can manage all the data that is sent and received from the next frontier.

Source: Analog IC Tips

Laser communications is that next step.

Certainly, there are already a number of companies involved in space communications equipment, but the leaders that will continue to power this MegaTrend are already moving into the next phase.

Viasat (NASDAQ: VSAT) is one of those companies, as is Amazon (NASDAQ: AMZN), which is launching its own satellite system using Blue Origin. There’s SpaceX as well with its Starlink satellite web service, but that isn’t public yet. Kepler Communications is another one to watch.

There are several others, including a number of defense firms, like Northrop Grumman (NYSE: NOC), General Dynamics (NYSE: GD) and Lockheed Martin (NYSE: LMT).

One of the most impressive is L3Harris (NYSE: LHX). It has been making secure comms systems from walkie talkies for troops for decades, and it has also built the comms systems for NASA, almost since its inception.

Source: SatNews

Things are moving swiftly on to the next generation of space communications, and these companies represent the essential infrastructure for our next adventures to the Moon, asteroids, and someday to Mars.

They will also bolster colonization efforts on the Moon with autonomous vehicles and in other inhospitable environments.


Related Articles

This $1.5 Trillion MegaTrend Is Bulletproof Long-term Growth
April 24, 2025

Why are we discussing renewable energy? Because without more electricity, this next wave of computing can’t happen.

How Alphabet and Others Leverage AI in the Energy Industry
April 17, 2025

One of the “old” industries that AI is impacting is energy production, which we will take a closer look at today.

Get Your Share of This Booming $1.7 Trillion Sector By 2032
April 9, 2025

EVs are the way vehicles are headed and global competition is heating up!

How AVGO and QCOM Benefit From AI on Personal Devices
April 2, 2025

What about the increased usage of Artificial Intelligence on personal devices, and how can investors like us benefit? Let’s discuss!

Get the MegaTrends Shaping the World—in Your Inbox Free

Sign up for Proffe’s MegaTrends to receive weekly analysis on the biggest trends and companies shaping the future.