The CASBAA Satellite Industry Forum takes place every year, and was held this year on 17th June at the Shangri-La Hotel in Singapore. The theme of this year’s forum was “An Industry in Transition,” highlighting the growth of the industry in the Asia-Pacific region. Fittingly, the opening speaker at the forum was Gwynne Shotwell, president of satellite company and new CASBAA member SpaceX.
Many topics were explored this year, among which were the industry’s huge rise in competition (and, thus, drop in prices), different aspects of and bodies involved in regulation, and talk of new satellite technologies. Discussions were mostly geared toward managing these aspects in order to secure future success for the industry.
CASBAA’s press release for the forum quotes Paul Brown-Kenyon, CEO of MEASAT and Chairman of CASBAA’s Satellite Industry Committee:
“The future is…different. It’s going to be an exciting future – lots of innovation, lots of change…but the key thing is it’s uncertain. The trick is to figure out how to deal with that uncertainty – how to build in the flexibility, to evolve and capture the growth. It is going to come in interesting areas.”
With over 70 satellites hovering over the Asia-Pacific region operated by more than 20 providers, those “interesting areas” could be isolated to companies that differentiate themselves from others. The market is beginning to look more and more monotonous, so a breakthrough service or idea is certainly at the forefront of all companies’ minds.