DENVER, May 14, 2024 /PRNewswire/ — Voyager Space (Voyager), a global leader in space exploration, today announced the company has been awarded a Collaborative Announcement Notice (CAN) by NASA’s Marshall Space Flight Center (MSFC) for the joint development of an airlock for the Mars Transit Vehicle, also referred to as Deep Space Transport. This cost-sharing cooperative agreement with NASA is intended to complement the technology development interests of MSFC while also supporting the advancement of Voyager’s technology and critical infrastructure capabilities.

This 12-month study, which will begin this month, will utilize resources from both Voyager and the Habitation team at MSFC to evaluate the extensibility of Voyager’s Bishop Airlock design to the Mars Transit Vehicle architecture. Named the “Red Knight,” this new airlock will leverage the flight-proven heritage of the Bishop Airlock to meet the challenges of deep space, provide support to, and enhance safety of the Mars Transit crew, and unlock unparalleled in situ science opportunities.
“The Voyager Exploration team continues to accomplish great things with the Bishop Airlock and we look forward to exploring how our technology and experience will translate to similar successes with Red Knight,” said Marshall Smith, Chief Technology Officer of Voyager Space. “Through this partnership with NASA, we believe that the possibilities for deep space exploration activities on Mars are endless and we are excited to be a part of history.”
The Bishop Airlock, owned and operated by Voyager, is the first permanent, commercial addition to the International Space Station and offers 5 times the payload volumes of previous airlocks on the Space Station.  Bishop, the inspiration for Red Knight, has recently completed numerous on-orbit activities including the successful installation of GITAI’s S2 robotic arm and the relocation of the self-built Gambit payload.
Future airlocks, including Red Knight, will be vital in facilitating more efficient movement of equipment, internal and external research, satellite and trash deployment, and maintenance aboard space stations and spacecraft to support science and planetary exploration missions, technology demonstrations and more.                                  
About Voyager SpaceVoyager Space is dedicated to building a better future for humanity in space and on Earth. With over 35 years of spaceflight heritage and over 2,000 successful missions, Voyager is powering the commercial space revolution. Voyager delivers exploration, technology, and defense solutions to a global customer base that includes civil and national security agencies, commercial companies, academic and research institutions, and more.
Cautionary Statement Concerning Forward-Looking StatementsThis press release contains “forward-looking statements.” All statements, other than statements of historical fact, including those with respect to Voyager Space, Inc.’s (the “Company’s”) mission statement and growth strategy, are “forward-looking statements.”  Although the Company’s management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve many risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated.  Potential risks and uncertainties include, among others, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; and the ability to obtain necessary financing on acceptable terms or at all. Readers should not place any undue reliance on forward-looking statements since they involve these known and unknown uncertainties and other factors which are, in some cases, beyond the Company’s control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
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CHICAGO, May 14, 2024 /PRNewswire/ — The LEO satellite market is projected to grow from USD 12.6 billion in 2024 to USD 23.2 Billion by 2029, at a CAGR of 13.0% from 2024 to 2029 according to a new report by MarketsandMarkets™. The market growth can be attributed to the growing need for earth observation imagery and analytics.

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Browse in-depth TOC on “LEO Satellite Market” 
312 – Tables71 – Figures383 – Pages
LEO Satellite Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 12.6 billion
Estimated Value by 2029
$ 23.2 billion
Growth Rate
Poised to grow at a CAGR of 13.0%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Satellite Type, Application, Subsystem, End Use, Frequency and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Concerns over increasing space debris
Key Market Opportunities
Booming 3D printing technology
Key Market Drivers
Rising demand for satellite internet services
 The LEO satellite market holds a huge potential for data service providers, satellite service providers, remote sensing service providers, technical service providers, and investors. Versatility, low cost, advanced mechanics, ease of assembly and launch, mass production, and short lifecycles have driven investments in LEO satellites. The amount of satellite data and range of applications for data will continue to grow in the future as new technologies develop and more satellites become operational.
The adoption of off-the-shelf CubeSats and reusable rocket technology is also expected to fuel market growth. The market is growing due to the demand for higher bandwidth internet. If the current satellite internet proposals become a reality, as many as 50,000 satellites will be orbiting in LEO within 10 years. However, space debris caused by LEO satellites and some regulatory challenges are expected to hinder market growth.
The LEO satellite market report includes small satellites (1–500 kg), medium satellites (500–1,000 kg), and large satellites (more than 1,000 kg). These satellites are used for communication, earth observation & remote sensing, mapping & navigation, scientific research & exploration, surveillance & security, space observation, and various other applications by defense, intelligence, civil, commercial, and government users. The continuous miniaturization of satellites through technological advancements in electronics, low mission costs, and increasing use of satellite constellations (containerization) are major drivers for the growth of this market. LEO satellites are also considered disruptive technology by several space organizations.
Based on satellite mass, the small satellite segment dominates the market in the base year
In terms of satellite mass, the LEO satellite market is divided into four main categories: small satellites, medium satellites, CubeSats, and large satellites. Small satellites are replacing large-sized satellites by becoming capable of performing in a vast range of commercial applications. Advancements in the miniaturization technologies and applications of satellite constellations are the key factors driving the adoption of small satellites. The minisatellite, a sub-type of small satellite is described as an LEO satellite having a wet mass (including fuel) of 101 kg to 500 kg. Minisatellites are present at an altitude of about 1,000–5,000 km. The operational cost, as well as the manufacturing cost of minisatellites, is less than that of traditional larger satellites, thereby offering a low-cost solution to gather and communicate data. Advancements in miniature electronics components reduce the cost and provide enhanced capabilities for commercial and defense usage.
Based on end use, the commercial segment is estimated to register a large share in the base year.
The LEO satellite industry is categorized by application into communication, earth observation & remote sensing, scientific research, and technology, and others. A communication satellite is responsible for creating a communication channel to receive signals for telephone, television, internet, and military communication. The demand for communication satellites is growing due to the ever-increasing demand for high-speed satellite internet and precise information in the military communication chain of command. Moreover, Advancements in technologies have helped overcome major hurdles faced in providing efficient miniaturized onboard power systems for advanced communication hardware on satellites that require high electrical power. This has been useful for generating higher data rates, thereby improving the overall communication capabilities of nanosatellites, microsatellites, and minisatellites. LEO satellites can accommodate more sophisticated payloads than traditional larger satellites. They also take considerably less time to transfer the data from the Earth to LEO due to the closer location of satellites from the earth than GEO, where the traditional large satellites are located. LEO satellites enhance communication capabilities such as disaster management, asset tracking, and mobile communication.
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The Asia Pacific region is projected to be a high growth potential market for LEO satellite during the forecast period.
The Asia Pacific market is projected to witness a significant CAGR from 2024 to 2029. The Asia Pacific Regional Space Agency Forum (APRSAF) enhances space activities through human resource development, capacity building, and development of science-technology capability in the region. Space agencies, governmental bodies, international organizations, private companies, universities, and research institutes from over 40 countries and regions take part in APRSAF, the largest space-related conference held annually in the Asia Pacific region, leading to various growth strategies, technological advancements, research and development activities, innovation in small and CubeSats, and development of reusable launch vehicles in terms of design, function, and integration.
Key Players
The major players in LEO satellite companies include SpaceX (US), Airbus Defence and Space (Germany), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), and L3Harris Technologies, Inc. (US).
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Browse Adjacent Market: Aerospace and Defence Market Research Reports & Consulting
Related Reports: 
Small Satellite Market by Mass ((Small Satellite (100-500KG, 10-100KG, 1-10KG), CubeSat (0.25U- 1U, 2U, 3U, 6U, >12U)), Subsystems (Satellite Bus, Payload, Solar Panel, Others), End-use, Orbit, Application, Frequency and Region – Global Forecast to 2028
Satellite Antenna Market by Platform (Land fixed, Land mobile, Airborne, Maritime, Space), Antenna Type (Phased Array, Multiple Input Multiple Output, Others), Technology (SOTM, SOTP), Component Type, Frequency and Region – Global Forecast to 2026
Optical Satellite Market by Size (Small, Medium, Large), Application (Earth Observation, Communication), Operational Orbit (LEO, MEO/GEO), Component (Imaging and Sensing Systems, Optical Communication System), End User, and Region – Global Forecast to 2028
Optical Satellite Communication Market by Type (Satellite-to-Satellite, Ground-to-Satellite Communication), Component (Transmitter, Receivers, Amplifiers, Transponders, Antenna, Converter), Application, Laser Type and Region – Global Forecast to 2028
Small Satellite Services Market by Platform (CubeSat, Nanosatellite, Microsatellite, Minisatellite), Vertical (Government & Military, Non-Profit Organizations, Commercial), Application (Remote Sensing, Communication), and Region – Global Forecast to 2022
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Aashish MehraMarketsandMarkets™ INC. 630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/leo-satellite-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/leo-satellite.asp
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Leveraging Infosys Cobalt to deliver industry-leading infrastructure-managed services
BENGALURU, India, May 14, 2024 /PRNewswire/ — Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a multi-year strategic collaboration with First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates (UAE), to optimize and modernize FAB’s IT infrastructure services.

As part of this collaboration, Infosys will leverage Infosys Cobalt, a set of services, solutions, and platforms for enterprises to accelerate their cloud journey, to deliver industry-leading, infrastructure-managed services, including service desk capabilities, to transform FAB’s IT infrastructure. Infosys will help integrate a suite of enterprise tools to drive significant improvements in FAB’s service quality, risk reduction, and business outcomes. These include:
Artificial Intelligence- (AI) and Machine Learning (ML)-based automation, providing self-healing and self-help capabilities.Proactive and prognostic monitoring and observability, improving the resilience of the infrastructure estate.Blueprint-based environment provisioning, helping to reduce provisioning time exponentially, allowing faster time to market.Leveraging Infosys Topaz, an AI-first set of services, solutions, and platforms, using generative AI technologies to improve productivity and efficiency.The collaboration aims to transition to an outcome-oriented, automated-managed services model that delivers high-quality, compliant IT services with increased speed and agility. In the long term, it will also establish a highly scalable and flexible IT infrastructure. 
The Middle East is a strategic growth market for Infosys, and this collaboration furthers Infosys’ committed focus in the region to enable large enterprises to navigate their cloud-first, digital-first, and AI-first journeys.
Suhail Bin Tarraf, Group Chief Operating Officer, First Abu Dhabi Bank (FAB), said, “At FAB, we are committed to transforming our IT organization and delivering world-class services that drive tangible business outcomes. After a thorough evaluation, we selected Infosys as our strategic partner due to their proven expertise, innovative solutions, and the strong trust they built at all levels. Infosys’ outcome-oriented managed services model coupled with their automation-powered delivery approach will help us significantly improve service quality, compliance, and operational efficiency.”
Dennis Gada, Executive Vice President and Global Head of Banking & Financial Services, Infosys, said, “We are delighted to collaborate with First Abu Dhabi Bank to optimize and modernize their IT infrastructure services, by leveraging Infosys Cobalt and Infosys Topaz. FAB recognized the need to transform their IT operating model, and entrusted Infosys with their IT infrastructure, enabling their digital journey to proceed faster and with more resilience on the backend. By leveraging our global expertise and investments in AI, cloud and infra, Infosys will also enable FAB to transition to an outcome-oriented, automation-driven execution model and help position it as a digital leader in the financial services industry.”
About First Abu Dhabi Bank:
Headquartered in Abu Dhabi with a strategic global footprint across 20 markets, FAB is the finance and trade gateway to the Middle East and North Africa region (MENA). With total assets of AED 1.2 trillion (USD 323 billion), FAB is among the top 50 banks globally by market capitalisation and one of the world’s largest banking groups. The bank provides financial expertise to its wholesale and retail client franchise across four business units: Investment Banking, Corporate and Commercial Banking, Consumer Banking, and Global Private Banking. FAB is listed on the Abu Dhabi Securities Exchange (ADX) and rated Aa3/AA-/AA- by Moody’s, S&P and Fitch, respectively, with a stable outlook. On sustainability, FAB holds an MSCI rating of ‘A’, also ranked among the top 10% of banks globally by Refinitiv’s ESG Scores and the best performer in the MENA region.
For further information, visit: www.bankfab.com
About Infosys
Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
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