The satellite industry is a significant capital intensive market involving massive costs in the development and launch of a satellite. Henceforth, assurance of returns and minimization of risks associated with satellite loss are the prerequisites for the satellite operators. Besides, owing to the demand from end-users to averse operational risk and the consumer preferences toward proven technology, the operators have been further induced to provide quality services. This has led to a shift from conventional rigid processes toward greater flexibility in manufacturing, designing, and launching processes.
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Technological innovation with high throughput satellite (HTS), small satellites, electric propulsion systems, autonomous platforms, and advanced electronic components such as field-programmable gate arrays (FPGAs) and microprocessors have been revolutionizing the space industry. The next big leap is the emergence of software-defined satellites, which provide a dynamic platform to reconfigure the satellites while in-orbit. Such technology, due to advancement in payload electronics and inclusion of artificial intelligence and machine learning in architecture, is promising an era of digital space communication.
The era of flexible satellites started with the inclusion of software-defined radios (SDRs) and HTS, which provided optimum utilization of frequency. At this point, the market is rapidly evolving with the development of fully reconfigurable satellites, which can offer flexibility in frequency, power, bandwidth, and coverage. Architectures such as Network Function Virtualization (NFV) and Network Function Virtualization (NFV) led to the innovation of such reconfigurable payloads, which allow the satellite to alter its mission while in orbit. Moreover, the inclusion of cloud computation, artificial intelligence, and machine learning enables open interfaces to leverage automation, self-service operations, event-driven management, customization in services and easy reconfigurability, dynamic resource allocation, flexible multi-resource management with virtualized integration of satellite and terrestrial technologies, and automated and dynamic end-to-end services.
The high growth of the software-defined satellite market is unprecedented for the satellite industry and is estimated to bring about fundamental changes, owing to the established players in the market focusing on increasing their capabilities in order to gain a market share. Due to industry players' ongoing efforts to develop high-end software-defined satellite solutions, the market is anticipated to grow at a rapid pace for space missions. Further, given the software-defined satellite market's vast potential, a significant number of key strategic developments are expected to take place among space players over the coming years.
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The software-defined satellite market is the highly emerging market with leading players contending against each other to attain a higher market share in the space industry. Some of the key players in the space industry are Airbus S.A.S., AdaSpace, Nvidia, SSL, Lockheed Martin Corporation, Northrop Grumman Corporation, GalacticSky, IBM, AIKO, Planet SES, SSTL, Thales Group, and The Boeing Company. With a wide range of product launches and collaborations, these companies are working on expanding their operations and competing in the global market.
