![]() ![]() The rise of constellations for broadband connectivity and the Internet of Things (IoT), as well as various optical, multispectral, and synthetic aperture radar (SAR) constellations are leading to an exponential growth of the number of satellites to be launched. ![]() Constellations of small satellites in Low Earth Orbit (LEO) are the icons of this movement, known as NewSpace. These sectors are currently being disrupted by private players who see commercial opportunities arising from the demand for a more connected world and who have identified the value of Earth observation data in their decision-making processes. A large percentage of this market is driven by services, such as satellite communications, Earth observation, and Positioning Timing and Navigation (PNT). The global space market today is estimated to be in the range of EUR 400 billion. Small satellites and their demand for dedicated services
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