1、 0 GROWTH PATHWAYS IN THE FUTURE OF SATCOM CONNECTIVITY Growth pathways in the future of SatCom connectivity Why the next five years will decide who captures the next wave of value in space connectivity May 2026 BOSTON CONSULTING GROUP 1 Boston Consulting Group partners with leaders in business and

2、society to tackle their most important challenges and capture their greatest opportunities.BCG was the pioneer in business strategy when it was founded in 1963.Today,we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholdersempowering organizations to gr

3、ow,build sustainable competitive advantage,and drive positive societal impact.Our diverse,global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change.BCG delivers solutions through leading-edge management consulting,technology a

4、nd design,and corporate and digital ventures.We work in a uniquely collaborative model across the firm and throughout all levels of the client organization,fueled by the goal of helping our clients thrive and enabling them to make the world a better place.2 GROWTH PATHWAYS IN THE FUTURE OF SATCOM CO

5、NNECTIVITY Contents Executive summary A rapidly evolving SatCom world Where the growth is coming from Incumbents under pressure 03 0405 06 Starlink and the challengers Outlook:opportunities for fast movers Key actions to initiate Closing 08 11 13 14 BOSTON CONSULTING GROUP 3 Executive Summary Satell

6、ite communications are in the middle of a structural change that is rewriting the economics,the geopolitics and the customer experience of staying connected from space.LEO constellations now carry the bulk of global capacity at latencies and prices comparable to terrestrial broadband,while GEO opera