In 2022, an online forum titled "International Webinar on Satellite COTM Supply Chain Collaboration" was held, focusing on collaboration within the international satellite industry's mobile communication supply chain. This event was organized by the Industrial Technology Research Institute's Industry Service Center with the support of the Ministry of Economic Affairs.
Amidst the continued robust demand in the global satellite communication industry, it was estimated by Trend Force that the global satellite industry's value could reach $308.3 billion USD by 2023, with an annual growth rate of 4.5%. One of the key areas of development in this sector was Communication-On-The-Move (COTM), particularly in the context of low Earth orbit satellite applications. This presented a prime opportunity for domestic industry players to tap into the international supply chain.
Distinguished experts from both domestic and international spheres were invited to deliver specialized presentations at the forum. Quilty Analytics, a renowned consulting firm specializing in the American space satellite industry, presented the latest market analysis and opportunities in the field of mobile satellite communication. Aerkomm, a prominent aerospace satellite systems integrator based in the United States, and Thales Alenia Space, Europe's largest satellite manufacturer headquartered in France, introduced the integration of COTM with satellite aviation applications. Additionally, Speedcast, an internationally recognized maritime satellite broadband service provider, addressed the topic of satellite connectivity's crucial role in critical communications.
Representatives from the domestic industry, including Pyras Technology Inc. and Lung Hwa Electronics Co., Ltd., discussed themes such as wireless communication research, manufacturing, and maritime satellite applications. The event also facilitated forum discussions among experts from around the world, offering an international perspective on the future development prospects of the low Earth orbit satellite industry. Exciting insights and discussions were throughout the event.
As we stand in 2023, reflecting on the "2022 International Webinar on Satellite COTM Supply Chain Collaboration," its impact continues to resonate. The insights shared by esteemed experts and the dynamic exchanges that took place during the event have proven invaluable in shaping our current understanding of satellite technology. The forum's forward-looking discussions and collaborative ethos have significantly contributed to driving innovation in the field of satellite communications. This enduring influence reaffirms the forum's relevance, highlighting its pivotal role in guiding our ongoing efforts to harness the potential of mobile satellite communication in our ever-evolving technological landscape.