Satellites are transforming heavy industries globally.
It is now cheaper than ever to send satellites into orbit, in part thanks to SpaceX‘s innovations, which have helped bring the price of launching rockets down by 10x vs. a decade ago.
At the same time, satellite technology continues to improve. Today’s satellites feature better imaging systems, more powerful sensors, and faster data processing than ever before.
This has paved the way for new industrial use cases. For example, startup ICEYE provides near-real-time monitoring of floods and oil spills to aid disaster response, while geographic information system (GIS) firm Esri uses advanced satellite images to create digital twins for applications from construction to conservation.
Below, we dig into 3 satellite applications that are seeing commercial traction across industries, as well as the tech vendors building them:
- Telecommunications
- Digital twins
- Remote monitoring
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Telecommunications
Companies such as SpaceX, HughesNet, and Viasat have been developing global communication networks in space, providing internet access to some of the most remote parts of the planet.
