German aerospace engineering company Isar Aerospace has signed a deal with Astrocast Satellite to launch a rideshare mission that will take the company's IoT-focused spacecraft from Andøya, Norway, into the Sun's synchronous orbit.
The new satellite is being developed as a response to the increasing demand for IoT solutions. Astrocast is a global nanosatellite constellation that connects millions of IoT devices worldwide. According to the company, with the help of the new satellite, they expect to make approximately 30 million connections by 2025.
The satellite will contribute to Astrocast's IoT solutions portfolio, which is offered across various industries, including agriculture, gas, oil, environmental, and maritime. It will also bolster the company's already existing satellite constellation, which enables firms to monitor, track, and communicate with remote assets.
IoT Space Satellites
Isar Aerospace Will Launch an IoT-Focused Satellite into the Sun's Orbit
Trend Themes
1. Iot-focused Space Satellites - The increasing demand for IoT solutions presents a disruptive innovation opportunity by developing and launching more satellites that could cater to the IoT market.
2. Nanosatellite Constellations - Developing nanosatellite constellations for connecting millions of IoT devices worldwide will enable businesses to monitor, track, and communicate with remote assets.
3. Iot Solutions Portfolio - Offering IoT solutions portfolio across various industries, including agriculture, gas, oil, environmental, and maritime, will lead to an opportunity for service diversification and expansion.
Industry Implications
1. Aerospace Engineering - Developing and launching more satellites for catering to the increasing demands of IoT solutions creates disruptive innovation opportunities in the Aerospace Engineering industry.
2. Iot Industry - The IoT industry can benefit from nanosatellite constellations, as they enable easy and secure communication between remote assets.
3. Environmental Monitoring - The use of IoT solutions can help in monitoring the environment by using nanosatellite constellations and IoT-focused space satellites in the Environmental Monitoring industry.