All areas of the global space sector are rapidly expanding with current estimates for growth ranging in excess of £400 billion to more than $1 trillion by 2040.
Clutch Space is targeting growth within the ground segment, which is critical for processing the data transmitted between high altitude space systems and applications and systems in homes and businesses.
Typical Client Concerns
‘Satellite ground equipment is a very dynamic market with opportunities available across the board. However, technologies and business models are changing at a rapid pace and only the most adaptive actors will survive,’ said Lluc Palerm, NSR senior analyst, 2017.’
‘According to EuroConsult, the commercial satellite ground segment market, including satcom applications, EO applications and user terminals for user applications, is going through significant expansion in terms of both capabilities and demand and will grow from $264 million in 2018 to nearly $360 million in 2028.’