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Low Earth Orbit Satellites

Technology providers that enhance satellite operations

Next-gen Satellites

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    Introduction to low earth orbit satellites, industry drivers, monetization potential, future outlook and more...
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        There is a growing trend of low-Earth orbit (LEO) satellites for remote sensing and communications. LEO satellites are closer to Earth, making them ideal for remote sensing and providing faster global communications. They are cost-effective due to smaller components but require larger constellations for effective coverage.
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        Monetization in the satellite industry is currently dominated by public-sector and infrastructure companies. Diversification in how satellite services are used is crucial to expand into general private sector and remote sensing industries. The cost of satellite services, particularly satellite imagery data, is gradually declining, making them more accessible.
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        The future of LEO satellites involves new entrants in the industry, such as SpaceX, and the increasing importance of commercial satellites due to their cost-effectiveness. There's a shift towards constructing mega-constellations for various applications, especially in communications. However, expanding the use of LEO satellites in secondary and tertiary industries will require improving data accuracy, lowering prices, and proposing innovative usage scenarios.
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        GovTech promotes a whole-of-government approach to technological modernization with deference to the GovTech &ldquo;ecosystem&rdquo;
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        Efficiency of, and equitable access to, public services and civic engagement are two key driving factors
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        The industry has to overcome challenges posed by archaic procurement practices as well as complex and lengthy implementation processes
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