Market Trends

by Virgil Labrador, Editor-in-Chief

Los Angeles, Calif., June 2, 2023--The Asia-Pacific (APAC) satellite market is the largest market for satellite services in the world.  Extending from the Middle East at the Eurasia border to the vast Pacific ocean, it is not a homogenous market but also the most fragmented market of all the regions in the world.   Leading research companies estimate that the APAC market can comprise up to 60 percent of the world's market for satellite services. 

New York City, NY. May 23, 2023 - The World Teleport Association (WTA) released its newest research report, Meeting the Challenge of Multilayer Connectivity. 

Paris, France, May 4, 2023 -  =With the most serious restrictions of COVID-19 now generally in the rearview mirror, leading market intelligence firm Euroconsult estimates that maritime connectivity sectors have mostly recovered from the pandemic’s influence on supply chains and vessel activity at the end of 2022. According to Euroconsult’s forecasts, maritime satellite communication operators are expected to surpass US$ 1.1 billion in revenues by 2032 at a 7% CAGR over the decade. Though some service providers will see a fall in their average revenue per unit (ARPU), total service revenues are expected to grow at a similar CAGR, falling slightly short of US$3 billion by 2032.

London, UK, May 2, 2023--Global FAST revenues for TV series and movies will reach US$ 18 billion in 2028, triple from US$ 6 billion in 2022. The US will contribute 55% to the 2028 total; down from 67% in 2022. The US will add nearly US$ 6 billion between 2022 and 2028 – or half of the world’s US$ 12 billion additional revenues according to new research from Digital TV Research.

Paris, France, April 17, 2023 - An emerging set of in-orbit services aimed at increasing flexibility, sustainability, and safety for satellite operators from launch to end of life, could materialize into a space logistics ecosystem featuring frequent service interactions between spacecraft in orbit, according to leading space consultancy and market analysis firm Euroconsult in its recently published ‘Space Logistics Market’ report (2nd edition).

Las Vegas, NV, April 16, 2023 - IABM has released its latest State of MediaTech Report at NAB Show 2023. The full report is available to IABM members and a summary version for non-members can be accessed at http://theiabm.org/state-of-mediatech-report-nab-2023.  The report is based on extensive quantitative and qualitative research and surveys carried out by IABM’s Business Intelligence Unit over the preceding months, and gives an authoritative overview of the state of MediaTech from both media company and vendor perspectives.

New York, NY, April 14, 2023 – The World Teleport Association (WTA) today released "Ground Segment: Just a Service?", a new research report that examines the differing business models of today’s ground-segment-as-a-service (GSaaS) providers, the markets they serve, and the issues around integrating a teleport’s physical and data systems with this new class of service providers.

Paris, France, April 12, 2023 - Internet usage has doubled in the past eight years, with an estimated 67% of the world population using broadband services in 2022, according to the world’s leading authority on space and satellite-based applications markets, Euroconsult. From access to public services such as remote health advice to remote working and learning and the ability to communicate opinions and share information, universal connectivity has become an increasing priority for governments across the globe.

London, UK, April 4, 2023  - Inmarsat is one of 27 signatories to The Space Safety Coalition, which has today published new guidelines for organisations working in space in the face of an exponential increase in the number of spacecraft being launched.

Bristol, UK, March, 22, 2023 - Connected car revenues to quadruple by 2030 at US$ 244 Billion. Car connectivity will accelerate over the next 7 years and reach 828.7 million, triple the 279.3 million of 2022, as old models are retired and embedded mobile network access becomes standard on ever more vehicles rather than just luxury models.