NSR Foresees Challenging 2023 Economy, Heavy IoT Competition

Expect 2023 to have a challenging space economy and be a big year for space tourism and travel, while satellite-to-handset service will continue its march toward becoming the industry's largest opportunity, Northern Sky Research analysts predicted for 2023. In part because of big IoT competition making it tougher to recoup the costs, at least one planned constellation of dedicated satellites for IoT services will be scrapped, they said Wednesday. That competition will continue to drive a price war for IoT connectivity, NSR said. It said whoever is first to offer lunar surface connectivity will reap big government and commercial contracts.