
Space Business Revolution
Description
Book Introduction
SpaceX, Amazon, OneWeb, etc.
In the satellite utilization service war between private space companies,
Who will be the winner!
It's become a familiar sight to see SpaceX launching rockets and reusing the first stage.
Space tourism businesses led by Virgin Galactic and Blue Origin are making the fantasy of traveling to deep space a reality.
We are now in a private-led 'new space era' where the private sector is developing space technology and growing the market.
In the new space era, there is one area of the space industry whose importance and opportunities we often overlook: satellite utilization services.
Satellite utilization services refer to satellite communications that enable communication anywhere in the world, satellite observation that allows observation and photography anywhere in the world, and satellite navigation services that allow more precise identification of the locations of people and objects.
"Space Business Revolution" covers the satellite communications, satellite observation, and satellite navigation service industries among various space industries.
We will summarize how the satellite utilization service market was formed, introduce major global companies such as SpaceX, OneWeb, and Eutelsat, and examine the fierce competition among them.
Through this, we will examine the global status, outlook, and opportunities of the satellite utilization service industry.
It also presents examples of how satellite services can be used to help developing countries and our global neighbors affected by conflict or natural disasters, and suggests the potential for the space industry to effectively contribute to international development and emergency relief efforts.
The author is a professional manager in the satellite, communications, and IT fields who has worked in various fields at KT Group for 32 years, including as the head of the US branch, head of the group's management team, chief of staff, and CEO of KT Sat.
"Space Business Revolution" is the culmination of the author's knowledge, know-how, and experience gained while working in the space industry.
We will provide insights into the current market and business ideas to those who wish to venture into the space business in the future.
In the satellite utilization service war between private space companies,
Who will be the winner!
It's become a familiar sight to see SpaceX launching rockets and reusing the first stage.
Space tourism businesses led by Virgin Galactic and Blue Origin are making the fantasy of traveling to deep space a reality.
We are now in a private-led 'new space era' where the private sector is developing space technology and growing the market.
In the new space era, there is one area of the space industry whose importance and opportunities we often overlook: satellite utilization services.
Satellite utilization services refer to satellite communications that enable communication anywhere in the world, satellite observation that allows observation and photography anywhere in the world, and satellite navigation services that allow more precise identification of the locations of people and objects.
"Space Business Revolution" covers the satellite communications, satellite observation, and satellite navigation service industries among various space industries.
We will summarize how the satellite utilization service market was formed, introduce major global companies such as SpaceX, OneWeb, and Eutelsat, and examine the fierce competition among them.
Through this, we will examine the global status, outlook, and opportunities of the satellite utilization service industry.
It also presents examples of how satellite services can be used to help developing countries and our global neighbors affected by conflict or natural disasters, and suggests the potential for the space industry to effectively contribute to international development and emergency relief efforts.
The author is a professional manager in the satellite, communications, and IT fields who has worked in various fields at KT Group for 32 years, including as the head of the US branch, head of the group's management team, chief of staff, and CEO of KT Sat.
"Space Business Revolution" is the culmination of the author's knowledge, know-how, and experience gained while working in the space industry.
We will provide insights into the current market and business ideas to those who wish to venture into the space business in the future.
- You can preview some of the book's contents.
Preview
index
Recommendation
preface
Chapter 1: The Space Industry Created by the New Space Era
The history of the space industry is only about 70 years old.
SpaceX, the pinnacle of private rocket development efforts
Changes and Challenges Brought About by New Space
Global space industry market size
The future space industry that turns imagination into reality
Chapter 2: Terrestrial Communications vs. Satellite Communications
For more efficient TV broadcasting, geostationary satellite communications
The Beginning of the Satellite Communications Industry: Intelsat and Inmarsat
Satellite communications defeated by submarine cables
Fierce competition among private satellite communication operators
The Beginning and Failure of the Iridium Project
European global satellite operators competing with the United States
A local satellite operator that has become a source of national pride
Marine satellite communication services essential for sailors
IFC service that allows you to use the Internet even on airplanes
Satellite communication operators and customers
Chapter 3: Game Changer: Low-Earth Orbit Satellite Communications
Non-geostationary satellites that attempt to overcome the shortcomings of geostationary orbit
Low-orbit satellite communications have both advantages and disadvantages.
Laser communication, essential equipment for low-orbit satellites
SpaceX, a pioneer in low-orbit satellite communications
D2D service that connects directly to satellites using a regular smartphone
Chapter 4: Frequency, Space Environment, Hardware, and Satellite Communications
Have you received permission to use the frequency?
We need to register more people earlier
What are the frequency bands for satellite communications?
Protect your satellite from the dangers of space.
Satellite insurance against space risks
How to Select a Communications Satellite Manufacturer
The emergence of a dark horse: small geostationary satellites
Is SpaceX the only launch vehicle?
Ground stations connecting space and the earth
User terminals are evolving to be smaller and simpler.
Chapter 5: Observe and photograph anywhere, satellite observation
Satellite image analysis is gaining increasing commercial use.
Satellite image service company dominating public demand
A new private satellite image service company
Open up the satellite image service market
How to improve the quality of satellite images
Chapter 6: Finding a More Accurate Location: Satellite Navigation
GPS started for military use
A satellite navigation system that only a powerful country can possess
If you look at it, the principle of satellite navigation is simple.
Satellite navigation correction system to improve positioning accuracy
Satellite navigation requires advanced calculations
Jamming and spoofing that attack satellite navigation signals
Satellite IoT and satellite AIS to track the location of objects
Satellite navigation services utilized across all industries
Civilian satellite navigation service using low-orbit satellites
Chapter 7: International Development and Relief Activities Growing Every Year
Three Problems Refugees Face
If the space industry can help
Chapter 8: Satellite Communications for Economic Development and Telemedicine
Even if you're poor, you need satellite communication and the internet.
Distance education and telemedicine to treat and prevent diseases
Satellite communications for disaster response
Chapter 9: Satellite Observations Used in Natural Disaster and International Conflict Relief Efforts
Prepare for and recover from food crises
International Disaster Response Program Sharing Satellite Imagery
Stopping Disease and Tracking Human Trafficking
Chapter 10: Satellite Navigation in Emergency Rescue Operations
Efficient land use and accurate infrastructure construction
When satellite navigation and drones meet
International Rescue Program for Emergency Situations
Conclusion
Notes and References
preface
Chapter 1: The Space Industry Created by the New Space Era
The history of the space industry is only about 70 years old.
SpaceX, the pinnacle of private rocket development efforts
Changes and Challenges Brought About by New Space
Global space industry market size
The future space industry that turns imagination into reality
Chapter 2: Terrestrial Communications vs. Satellite Communications
For more efficient TV broadcasting, geostationary satellite communications
The Beginning of the Satellite Communications Industry: Intelsat and Inmarsat
Satellite communications defeated by submarine cables
Fierce competition among private satellite communication operators
The Beginning and Failure of the Iridium Project
European global satellite operators competing with the United States
A local satellite operator that has become a source of national pride
Marine satellite communication services essential for sailors
IFC service that allows you to use the Internet even on airplanes
Satellite communication operators and customers
Chapter 3: Game Changer: Low-Earth Orbit Satellite Communications
Non-geostationary satellites that attempt to overcome the shortcomings of geostationary orbit
Low-orbit satellite communications have both advantages and disadvantages.
Laser communication, essential equipment for low-orbit satellites
SpaceX, a pioneer in low-orbit satellite communications
D2D service that connects directly to satellites using a regular smartphone
Chapter 4: Frequency, Space Environment, Hardware, and Satellite Communications
Have you received permission to use the frequency?
We need to register more people earlier
What are the frequency bands for satellite communications?
Protect your satellite from the dangers of space.
Satellite insurance against space risks
How to Select a Communications Satellite Manufacturer
The emergence of a dark horse: small geostationary satellites
Is SpaceX the only launch vehicle?
Ground stations connecting space and the earth
User terminals are evolving to be smaller and simpler.
Chapter 5: Observe and photograph anywhere, satellite observation
Satellite image analysis is gaining increasing commercial use.
Satellite image service company dominating public demand
A new private satellite image service company
Open up the satellite image service market
How to improve the quality of satellite images
Chapter 6: Finding a More Accurate Location: Satellite Navigation
GPS started for military use
A satellite navigation system that only a powerful country can possess
If you look at it, the principle of satellite navigation is simple.
Satellite navigation correction system to improve positioning accuracy
Satellite navigation requires advanced calculations
Jamming and spoofing that attack satellite navigation signals
Satellite IoT and satellite AIS to track the location of objects
Satellite navigation services utilized across all industries
Civilian satellite navigation service using low-orbit satellites
Chapter 7: International Development and Relief Activities Growing Every Year
Three Problems Refugees Face
If the space industry can help
Chapter 8: Satellite Communications for Economic Development and Telemedicine
Even if you're poor, you need satellite communication and the internet.
Distance education and telemedicine to treat and prevent diseases
Satellite communications for disaster response
Chapter 9: Satellite Observations Used in Natural Disaster and International Conflict Relief Efforts
Prepare for and recover from food crises
International Disaster Response Program Sharing Satellite Imagery
Stopping Disease and Tracking Human Trafficking
Chapter 10: Satellite Navigation in Emergency Rescue Operations
Efficient land use and accurate infrastructure construction
When satellite navigation and drones meet
International Rescue Program for Emergency Situations
Conclusion
Notes and References
Detailed image

Into the book
In other private-sector-led industries, economies of scale work over time, reducing the cost of manufacturing products.
However, the manufacturing costs in the space development industry do not naturally decrease.
It is not easy to reduce manufacturing costs because rockets, satellites, and spacecraft must be manufactured by hand, as mass production through standardization is difficult.
In particular, launch vehicle rockets are disposable, making it difficult to reduce costs.
But a revolution in rocket building occurred in the private sector.
--- p.23 Currently, no other rocket manufacturer can afford SpaceX's rocket launch costs.
Ariane rockets manufactured by Arianespace of Europe, which once held the top spot in the global rocket launch market share while competing with traditional rocket manufacturing defense companies in the United States, also lost the launch market due to lack of price competitiveness.
SpaceX currently holds the undisputed world lead in rocket launches.
--- p.26 According to a survey by the Satellite Industry Association (SIA), the global space industry's economic size is estimated to be $400 billion in 2023.
The commercial satellite industry, excluding government space budgets and commercial manned spaceflight budgets, accounted for $285 billion.
Among these, launch vehicle manufacturing and services account for $7.2 billion (2.5 percent), satellite manufacturing $17.2 billion (6.0 percent), satellite utilization services $110.2 billion (38.6 percent), and ground equipment manufacturing $150.4 billion (52.7 percent) account for a large portion.
Typically, the space industry tends to think only about launch vehicle manufacturing and launch services.
However, when looking at the global space industry or market, the ground equipment including terminals and satellite utilization service industries occupy a much larger proportion.
--- p.35 The construction and operation of space stations, which require enormous capital and technological capabilities, have also become the domain of New Space.
Private companies could operate advanced factories on the space station, performing tasks that would be impossible on Earth, such as producing high-precision instruments and mixing high-purity chemicals.
Because we can test processes that are only possible in places where microgravity is present.
Research and development and product manufacturing utilizing microgravity will be key activities for private space stations.
--- p.41 Eutelsat and SESSociete Europeenne des Satellite are commercial satellite communication operators in Europe and have launched many satellites, providing global coverage.
Eutelsat, established in 1977 in Paris, France as a public enterprise, is developing and enabling European countries to jointly use satellite communication services.
It launched its first satellite in 1983 and continues to launch new satellites, operating more than 36 geostationary satellites by 2024.
It provides broadcasting, dedicated line, and internet services to Europe, the Middle East, and Africa.
It was privatized in 2001 and listed on the European stock exchanges in 2005 (the French government holds approximately 18 percent of the shares as of April 2025 through state-owned banks and investment funds).
--- p.56~57 Recently, direct communication services between low-orbit communication satellites and general smartphones are attracting attention.
D2D Direct to Device or D2C, Direct to Cell service.
The core of the D2D service is that it allows communication by transmitting and receiving satellite signals from a regular mobile phone used for mobile communication on the ground, rather than a separate satellite phone.
Apple announced in November 2022 that the iPhone 14, equipped with a different modem chip than its existing phones, will be able to send and receive L-band (1-2 gigahertz) signals to send SMS text messages in emergency situations.
Initially, it was offered for free for two years, and iPhone 14 users extended the free usage period for one year.
Satellite signals are provided by Globalstar satellites, and 85 percent of the total network capacity, which allows direct connection to satellites via general smartphones, is allocated for Apple users.
This allows Apple phones to send emergency text messages even in deserts, mountains, and remote areas without ground cell towers, in countries where service is available.
--- p.86~87 Several years before launching a communications satellite into Earth's orbit, satellite communication operators must apply to the ITU for orbit and frequency usage through the government of the country to which the operator belongs.
The right to use orbital resources primarily rests with the respective countries and their governments.
The country in question, together with its satellite communications operator, registers an application for use, or more precisely, a coordination application, with the ITU.
The international principle for granting orbital and frequency use is to give priority to the country that registers first. The ITU reviews applications for use, identifies satellite operators that may cause interference, notifies them, and then requests coordination with these operators.
From this point on, the adjustments must be completed within seven years, the satellite must be manufactured, and it must be launched into the corresponding orbit.
--- p.94 Many private companies around the world want to develop and service launch vehicles like SpaceX, but they are still limited to small launch vehicles that can carry small satellites.
Small launch vehicle companies aim to service satellite payloads weighing less than 1,000 kilograms.
Representative companies include Rocket Lab, Firefly, Relativity Space, and ABL in the US, Isar Aerospace in Germany, and Skyroot Aerospace in India.
In Korea, startups such as Innospace, Perigee Aerospace, and Unastella are developing small launch vehicles.
As of the end of 2024, only Rocket Lab and Firefly, private launch vehicle developers, have successfully completed commercial launches.
--- p.120 Satellite images have been developed primarily in the public sector, defense and security fields, and are still actively used today.
It is now in the early stages of commercialization for application in economic and industrial fields.
In the public sector, satellites have been used to obtain weather forecasts, national geographic information, and agricultural and plant growth information.
Meteorological satellites in geostationary orbit forecast the weather by monitoring the ever-changing amount and direction of clouds.
Additionally, low-orbit observation satellites are operated to regularly monitor changes in the national territory and produce or update maps.
The defense sector requires much more sophisticated and higher resolution observation images.
Satellite images for military purposes must be capable of reconnaissance, target identification, and change detection, and because decision-making based on accuracy is crucial, securing detailed images at the meter level or smaller is essential.
--- p.130 There are countries that do not have global coverage but have their own systems that do not rely on other countries' navigation systems and only serve their own local areas.
In preparation for the global navigation system, it is called the Regional Navigation Satellite System (RNSS), and India and Japan have completed or are planning to complete the system through satellite launches.
South Korea has finalized plans to build the Korean Positioning System (KPS) in 2021.
--- p.153 In aid and relief activities targeting conflict zones, disaster sites, and poverty-stricken areas, it is of utmost importance to accurately understand the situation on the ground.
We need to continuously monitor in real time the extent of the damage, where refugees and displaced people are moving, and whether roads to access the site have been destroyed.
Previously, teams were sent in as advance teams to collect and understand field information, but there were limitations in accuracy and data scale.
Approaching the scene is not only physically dangerous, but also often poses a threat to the safety of the relief team.
In such cases, utilizing satellite communication, satellite observation, and satellite navigation technologies and services can enable relatively accurate and comprehensive collection of on-site information.
It is also effective in carrying out disaster recovery, relief, and support activities, and can safely achieve results by monitoring the situation in real time.
--- p.179 There are various cases of solving problems using satellite navigation and drones.
In developing countries where the majority of the population is engaged in agriculture, improving agricultural productivity is a very important task.
By quickly detecting and preventing the occurrence of pests and diseases such as rice blast and rice planthopper, we can prevent them from spreading to other regions.
At this time, drone-mounted cameras and sensors detect color changes in crop leaves to determine the presence of pests and diseases. GPS data can be used to create maps of pest-infested areas, and drones can be used to precisely spray pesticides in these areas.
When growing a single crop, such as rice, coffee, or pineapple, on a farm basis, pest control using drones is a very important means of preventing the spread of diseases and pests.
However, the manufacturing costs in the space development industry do not naturally decrease.
It is not easy to reduce manufacturing costs because rockets, satellites, and spacecraft must be manufactured by hand, as mass production through standardization is difficult.
In particular, launch vehicle rockets are disposable, making it difficult to reduce costs.
But a revolution in rocket building occurred in the private sector.
--- p.23 Currently, no other rocket manufacturer can afford SpaceX's rocket launch costs.
Ariane rockets manufactured by Arianespace of Europe, which once held the top spot in the global rocket launch market share while competing with traditional rocket manufacturing defense companies in the United States, also lost the launch market due to lack of price competitiveness.
SpaceX currently holds the undisputed world lead in rocket launches.
--- p.26 According to a survey by the Satellite Industry Association (SIA), the global space industry's economic size is estimated to be $400 billion in 2023.
The commercial satellite industry, excluding government space budgets and commercial manned spaceflight budgets, accounted for $285 billion.
Among these, launch vehicle manufacturing and services account for $7.2 billion (2.5 percent), satellite manufacturing $17.2 billion (6.0 percent), satellite utilization services $110.2 billion (38.6 percent), and ground equipment manufacturing $150.4 billion (52.7 percent) account for a large portion.
Typically, the space industry tends to think only about launch vehicle manufacturing and launch services.
However, when looking at the global space industry or market, the ground equipment including terminals and satellite utilization service industries occupy a much larger proportion.
--- p.35 The construction and operation of space stations, which require enormous capital and technological capabilities, have also become the domain of New Space.
Private companies could operate advanced factories on the space station, performing tasks that would be impossible on Earth, such as producing high-precision instruments and mixing high-purity chemicals.
Because we can test processes that are only possible in places where microgravity is present.
Research and development and product manufacturing utilizing microgravity will be key activities for private space stations.
--- p.41 Eutelsat and SESSociete Europeenne des Satellite are commercial satellite communication operators in Europe and have launched many satellites, providing global coverage.
Eutelsat, established in 1977 in Paris, France as a public enterprise, is developing and enabling European countries to jointly use satellite communication services.
It launched its first satellite in 1983 and continues to launch new satellites, operating more than 36 geostationary satellites by 2024.
It provides broadcasting, dedicated line, and internet services to Europe, the Middle East, and Africa.
It was privatized in 2001 and listed on the European stock exchanges in 2005 (the French government holds approximately 18 percent of the shares as of April 2025 through state-owned banks and investment funds).
--- p.56~57 Recently, direct communication services between low-orbit communication satellites and general smartphones are attracting attention.
D2D Direct to Device or D2C, Direct to Cell service.
The core of the D2D service is that it allows communication by transmitting and receiving satellite signals from a regular mobile phone used for mobile communication on the ground, rather than a separate satellite phone.
Apple announced in November 2022 that the iPhone 14, equipped with a different modem chip than its existing phones, will be able to send and receive L-band (1-2 gigahertz) signals to send SMS text messages in emergency situations.
Initially, it was offered for free for two years, and iPhone 14 users extended the free usage period for one year.
Satellite signals are provided by Globalstar satellites, and 85 percent of the total network capacity, which allows direct connection to satellites via general smartphones, is allocated for Apple users.
This allows Apple phones to send emergency text messages even in deserts, mountains, and remote areas without ground cell towers, in countries where service is available.
--- p.86~87 Several years before launching a communications satellite into Earth's orbit, satellite communication operators must apply to the ITU for orbit and frequency usage through the government of the country to which the operator belongs.
The right to use orbital resources primarily rests with the respective countries and their governments.
The country in question, together with its satellite communications operator, registers an application for use, or more precisely, a coordination application, with the ITU.
The international principle for granting orbital and frequency use is to give priority to the country that registers first. The ITU reviews applications for use, identifies satellite operators that may cause interference, notifies them, and then requests coordination with these operators.
From this point on, the adjustments must be completed within seven years, the satellite must be manufactured, and it must be launched into the corresponding orbit.
--- p.94 Many private companies around the world want to develop and service launch vehicles like SpaceX, but they are still limited to small launch vehicles that can carry small satellites.
Small launch vehicle companies aim to service satellite payloads weighing less than 1,000 kilograms.
Representative companies include Rocket Lab, Firefly, Relativity Space, and ABL in the US, Isar Aerospace in Germany, and Skyroot Aerospace in India.
In Korea, startups such as Innospace, Perigee Aerospace, and Unastella are developing small launch vehicles.
As of the end of 2024, only Rocket Lab and Firefly, private launch vehicle developers, have successfully completed commercial launches.
--- p.120 Satellite images have been developed primarily in the public sector, defense and security fields, and are still actively used today.
It is now in the early stages of commercialization for application in economic and industrial fields.
In the public sector, satellites have been used to obtain weather forecasts, national geographic information, and agricultural and plant growth information.
Meteorological satellites in geostationary orbit forecast the weather by monitoring the ever-changing amount and direction of clouds.
Additionally, low-orbit observation satellites are operated to regularly monitor changes in the national territory and produce or update maps.
The defense sector requires much more sophisticated and higher resolution observation images.
Satellite images for military purposes must be capable of reconnaissance, target identification, and change detection, and because decision-making based on accuracy is crucial, securing detailed images at the meter level or smaller is essential.
--- p.130 There are countries that do not have global coverage but have their own systems that do not rely on other countries' navigation systems and only serve their own local areas.
In preparation for the global navigation system, it is called the Regional Navigation Satellite System (RNSS), and India and Japan have completed or are planning to complete the system through satellite launches.
South Korea has finalized plans to build the Korean Positioning System (KPS) in 2021.
--- p.153 In aid and relief activities targeting conflict zones, disaster sites, and poverty-stricken areas, it is of utmost importance to accurately understand the situation on the ground.
We need to continuously monitor in real time the extent of the damage, where refugees and displaced people are moving, and whether roads to access the site have been destroyed.
Previously, teams were sent in as advance teams to collect and understand field information, but there were limitations in accuracy and data scale.
Approaching the scene is not only physically dangerous, but also often poses a threat to the safety of the relief team.
In such cases, utilizing satellite communication, satellite observation, and satellite navigation technologies and services can enable relatively accurate and comprehensive collection of on-site information.
It is also effective in carrying out disaster recovery, relief, and support activities, and can safely achieve results by monitoring the situation in real time.
--- p.179 There are various cases of solving problems using satellite navigation and drones.
In developing countries where the majority of the population is engaged in agriculture, improving agricultural productivity is a very important task.
By quickly detecting and preventing the occurrence of pests and diseases such as rice blast and rice planthopper, we can prevent them from spreading to other regions.
At this time, drone-mounted cameras and sensors detect color changes in crop leaves to determine the presence of pests and diseases. GPS data can be used to create maps of pest-infested areas, and drones can be used to precisely spray pesticides in these areas.
When growing a single crop, such as rice, coffee, or pineapple, on a farm basis, pest control using drones is a very important means of preventing the spread of diseases and pests.
--- p.208
Publisher's Review
At a time when concerns are growing about Korea's declining growth potential, space development could be a shortcut to finding new breakthroughs.
"Space Business Revolution" delves into the diverse applications and limitless potential of space technology.
This is an essential textbook for today's world, where the paradigms of global economy, industry, and diplomacy are rapidly shifting, centered around space.
- Son Jae-il, Chairman of the Korea Aerospace Technology Promotion Association and CEO of Hanwha Aerospace
The new space era is creating
New space industry
The first stage of a rocket launched by SpaceX in 2024 was broadcast live as it landed on the launch pad.
The rocket, which landed precisely on the launch pad, made history.
SpaceX has brought about great waves and changes to the existing space industry by successfully manufacturing and launching its own rockets and reusing first-stage rockets.
Traditionally, the development of technologies related to rocket manufacturing and launch, satellite and payload manufacturing has been led by national governments, with companies participating in the development.
During this process, American private companies attempted to build and launch rockets using only private technology and capital, but they continued to fail.
However, after SpaceX's success, private companies in the U.S. and Europe, such as Rocket Lab, Astra, and Izar Aerospace, entered the business of manufacturing and launching rockets.
It's not just about building and launching rockets.
Inspired by SpaceX's Starlink, Europe's OneWeb, Amazon's Project Kuiper, and Canada's Telesat are joining the low-orbit satellite communication business one after another.
We have finally moved beyond the government-led "old space" era, where the government developed technology and created markets, and entered a truly private-led "new space" era, where the private sector develops technology and grows markets.
"Space Business Revolution" introduces the rapid growth and development of the space industry, driven by private companies, and examines the dynamic changes in the space industry across various sectors.
In the satellite utilization service war between private space companies,
Who will be the winner!
When we think of the space industry, most people only think of companies like SpaceX building launch vehicles and launching them into space.
Or imagine future services that have yet to arrive, such as space tourism, space resource mining, and space solar power generation.
However, there is a space industry that is already active in the new space era, but whose importance and opportunities are being overlooked.
It is a satellite utilization service.
Satellite utilization services refer to satellite communications that enable communication anywhere in the world, satellite observation that allows observation and photography anywhere in the world, and satellite navigation services that allow more precise identification of the locations of people and objects.
The satellite communications, satellite observation, and satellite navigation service markets, which currently account for a significant portion of the space industry, are expected to grow further.
A revolutionary change is taking place in the satellite utilization service market.
Satellite communications are shifting from the existing geostationary satellite-centered services, such as those provided by private American companies O3b and OneWeb, to non-geostationary satellite services, such as low-Earth orbit satellites.
Satellite observations also seek to enhance observation information by clustering satellites like Planet Labs or using SAR, a non-optical payload like IceEye.
Global and regional satellite navigation systems, such as the United States' GPS, Europe's Galileo, and China's BeiDou, were primarily services provided by the governments of powerful countries.
However, recently, private company Jonah Space Systems has announced that it will provide a high-precision global navigation system using low-orbit satellites.
Korea's satellite utilization service industry is also continuously growing.
Satrec Initiative is a globally competitive company that manufactures ultra-high-resolution optical imaging satellites with resolutions of up to 0.3 meters and has also developed SAR satellites.
Contec provides satellite image reception services by installing ground stations at home and abroad.
Here, the government has finalized plans to build Korea's own satellite navigation system, the Korea Satellite System (KPS). KPS will consist of three geostationary satellites and five inclined satellites.
The first satellite is scheduled to launch in 2027, with all satellites launched and in service by 2035.
In the future, the supply of services in the satellite communications, satellite observation, and satellite navigation industries will all increase significantly.
The question is how much more demand can be generated from the private sector.
《Space Business Revolution》 examines how the current satellite utilization service market was formed, introduces major global companies and services such as SpaceX, OneWeb, and Eutelsat, and examines the fierce competition among them.
Through this, we will examine the global status, outlook, and opportunities of the satellite utilization service industry.
If the space industry can help with relief efforts,
It would be a misunderstanding to think that satellite utilization services are attracting attention as a new industry solely for their economic feasibility.
《Space Business Revolution》 focuses on a special area where satellite-based services can be a very useful tool.
International development and relief efforts are among the sectors that can best leverage the power of satellite-based services anywhere on the planet.
People in developing countries, conflict zones, and areas affected by natural disasters face the risks of poverty, disease, and lack of security.
When providing aid and relief to these areas, it is important to have a real-time understanding of the extent of the damage, the movement routes of refugees and displaced persons, and the road conditions that allow access to the site.
Previously, teams were sent in to gather information from the field, but there were limitations in accuracy and data scale.
Moreover, physical dangers often arise when approaching the scene.
At this time, by utilizing satellite communication, satellite observation, and satellite navigation services, the on-site situation can be grasped accurately, extensively, and in real time.
It is also effective in carrying out disaster recovery, relief and support activities.
For example, Europe's Eutelsat provides satellite communications for distance education and telemedicine in low-income countries in Africa.
Luxembourg's SES runs a program to support emergency communications in disaster-stricken areas.
Satellite imagery and geographic information systems are also used to monitor and control the spread of infectious diseases such as dengue fever and Zika virus.
For a new space era that takes us to the next level
The author of "Space Business Revolution" is a professional manager in the satellite, communications, and IT fields who has worked in various fields at KT Group for 32 years, including as the head of the US branch, head of the group's management team, chief of staff, and CEO of KT Sat.
The author concludes the book by emphasizing the need for cooperation between government and private companies in the space industry, namely the balance between old space and new space.
The space industry is a highly technology-intensive and capital-intensive industry, so it takes a lot of time to train skilled workers.
Therefore, the role of the country and government that have led Old Space is important.
The reason why private space startups in the U.S. and Europe can develop finished products with their ideas and technological prowess is because these countries have established ecosystems where space industry infrastructure and related companies collaborate and coexist.
Ultimately, if the government presents a long-term plan and vision for space and creates a stable market, private space companies will boldly invest in talented people and capital, and on this foundation, innovative space startups will emerge.
If this virtuous cycle continues, the space industry in the new space era will advance to the next level.
"Space Business Revolution" delves into the diverse applications and limitless potential of space technology.
This is an essential textbook for today's world, where the paradigms of global economy, industry, and diplomacy are rapidly shifting, centered around space.
- Son Jae-il, Chairman of the Korea Aerospace Technology Promotion Association and CEO of Hanwha Aerospace
The new space era is creating
New space industry
The first stage of a rocket launched by SpaceX in 2024 was broadcast live as it landed on the launch pad.
The rocket, which landed precisely on the launch pad, made history.
SpaceX has brought about great waves and changes to the existing space industry by successfully manufacturing and launching its own rockets and reusing first-stage rockets.
Traditionally, the development of technologies related to rocket manufacturing and launch, satellite and payload manufacturing has been led by national governments, with companies participating in the development.
During this process, American private companies attempted to build and launch rockets using only private technology and capital, but they continued to fail.
However, after SpaceX's success, private companies in the U.S. and Europe, such as Rocket Lab, Astra, and Izar Aerospace, entered the business of manufacturing and launching rockets.
It's not just about building and launching rockets.
Inspired by SpaceX's Starlink, Europe's OneWeb, Amazon's Project Kuiper, and Canada's Telesat are joining the low-orbit satellite communication business one after another.
We have finally moved beyond the government-led "old space" era, where the government developed technology and created markets, and entered a truly private-led "new space" era, where the private sector develops technology and grows markets.
"Space Business Revolution" introduces the rapid growth and development of the space industry, driven by private companies, and examines the dynamic changes in the space industry across various sectors.
In the satellite utilization service war between private space companies,
Who will be the winner!
When we think of the space industry, most people only think of companies like SpaceX building launch vehicles and launching them into space.
Or imagine future services that have yet to arrive, such as space tourism, space resource mining, and space solar power generation.
However, there is a space industry that is already active in the new space era, but whose importance and opportunities are being overlooked.
It is a satellite utilization service.
Satellite utilization services refer to satellite communications that enable communication anywhere in the world, satellite observation that allows observation and photography anywhere in the world, and satellite navigation services that allow more precise identification of the locations of people and objects.
The satellite communications, satellite observation, and satellite navigation service markets, which currently account for a significant portion of the space industry, are expected to grow further.
A revolutionary change is taking place in the satellite utilization service market.
Satellite communications are shifting from the existing geostationary satellite-centered services, such as those provided by private American companies O3b and OneWeb, to non-geostationary satellite services, such as low-Earth orbit satellites.
Satellite observations also seek to enhance observation information by clustering satellites like Planet Labs or using SAR, a non-optical payload like IceEye.
Global and regional satellite navigation systems, such as the United States' GPS, Europe's Galileo, and China's BeiDou, were primarily services provided by the governments of powerful countries.
However, recently, private company Jonah Space Systems has announced that it will provide a high-precision global navigation system using low-orbit satellites.
Korea's satellite utilization service industry is also continuously growing.
Satrec Initiative is a globally competitive company that manufactures ultra-high-resolution optical imaging satellites with resolutions of up to 0.3 meters and has also developed SAR satellites.
Contec provides satellite image reception services by installing ground stations at home and abroad.
Here, the government has finalized plans to build Korea's own satellite navigation system, the Korea Satellite System (KPS). KPS will consist of three geostationary satellites and five inclined satellites.
The first satellite is scheduled to launch in 2027, with all satellites launched and in service by 2035.
In the future, the supply of services in the satellite communications, satellite observation, and satellite navigation industries will all increase significantly.
The question is how much more demand can be generated from the private sector.
《Space Business Revolution》 examines how the current satellite utilization service market was formed, introduces major global companies and services such as SpaceX, OneWeb, and Eutelsat, and examines the fierce competition among them.
Through this, we will examine the global status, outlook, and opportunities of the satellite utilization service industry.
If the space industry can help with relief efforts,
It would be a misunderstanding to think that satellite utilization services are attracting attention as a new industry solely for their economic feasibility.
《Space Business Revolution》 focuses on a special area where satellite-based services can be a very useful tool.
International development and relief efforts are among the sectors that can best leverage the power of satellite-based services anywhere on the planet.
People in developing countries, conflict zones, and areas affected by natural disasters face the risks of poverty, disease, and lack of security.
When providing aid and relief to these areas, it is important to have a real-time understanding of the extent of the damage, the movement routes of refugees and displaced persons, and the road conditions that allow access to the site.
Previously, teams were sent in to gather information from the field, but there were limitations in accuracy and data scale.
Moreover, physical dangers often arise when approaching the scene.
At this time, by utilizing satellite communication, satellite observation, and satellite navigation services, the on-site situation can be grasped accurately, extensively, and in real time.
It is also effective in carrying out disaster recovery, relief and support activities.
For example, Europe's Eutelsat provides satellite communications for distance education and telemedicine in low-income countries in Africa.
Luxembourg's SES runs a program to support emergency communications in disaster-stricken areas.
Satellite imagery and geographic information systems are also used to monitor and control the spread of infectious diseases such as dengue fever and Zika virus.
For a new space era that takes us to the next level
The author of "Space Business Revolution" is a professional manager in the satellite, communications, and IT fields who has worked in various fields at KT Group for 32 years, including as the head of the US branch, head of the group's management team, chief of staff, and CEO of KT Sat.
The author concludes the book by emphasizing the need for cooperation between government and private companies in the space industry, namely the balance between old space and new space.
The space industry is a highly technology-intensive and capital-intensive industry, so it takes a lot of time to train skilled workers.
Therefore, the role of the country and government that have led Old Space is important.
The reason why private space startups in the U.S. and Europe can develop finished products with their ideas and technological prowess is because these countries have established ecosystems where space industry infrastructure and related companies collaborate and coexist.
Ultimately, if the government presents a long-term plan and vision for space and creates a stable market, private space companies will boldly invest in talented people and capital, and on this foundation, innovative space startups will emerge.
If this virtuous cycle continues, the space industry in the new space era will advance to the next level.
GOODS SPECIFICS
- Date of issue: June 24, 2025
- Page count, weight, size: 224 pages | 324g | 147*210*14mm
- ISBN13: 9791188569823
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