Market Trends

Dublin, Ireland, July 13, 2020--Amid the COVID-19 crisis, the global market for Maritime Satellite Communications estimated at US$ 2.8 Billion in the year 2020, is projected to reach a revised size of US$ 4.6 Billion by 2027, growing at a CAGR of 7.7% over the period 2020-2027 according to Research and Markets.

Washington, D.C., July 2, 2020 – The Satellite Industry Association (SIA) today announced the release of the 2020 State of the Satellite Industry Report (SSIR), a global summary of the commercial satellite industry, revealing record-setting growth and economic impact.  The 23^rd annual report shows that for the second straight year a record number of satellites were launched into space with 386 commercial satellites being deployed into orbit during 2019. 

Dublin, Ireland, July 1, 2020--Amid the COVID-19 crisis and the looming economic recession, the Fixed Satellite Services (FSS) market worldwide will grow by a projected US$9 Billion by 2027, driven by a revised compounded annual growth rate (CAGR) of 5.3% according to a new study by Research and Markets.

New York City, NY, June 25, 2020-The World Teleport Association (WTA) today released High Performance: Insights that Improve Quality of Service, a new research report in the High Performance series that explores the biggest threats to quality of service, how management practice affects QOS outcomes and the sometimes-unexpected factors that underpin high performance or lead to its opposite.

Cambridge, Mass., June 22, 2020 - NSR’s Global Satellite Manufacturing and Launch Markets, 10^th Edition (GSMLM10) report, released today, projects a US$ 478 Billion opportunity for the satellite manufacturing and launch market over the next decade. This new study integrates satellites below 500 kg, covering the whole spectrum of satellite mass classes and applications. In addition, GSMLM10 includes cargo and crewed missions to ISS and beyond, making up a significant portion of the market size in the coming decade.

Stockholm, Sweden, June 16, 2020--Ericsson (NASDAQ: ERIC) expects the global number of 5G subscriptions to top 190 million by the end of 2020 and 2.8 billion by the end of 2025. These forecasts are included in the June 2020 edition of the Ericsson Mobility Report, along with projections for data traffic growth, and regional subscriptions. The report also takes an incisive look at the role of networks and digital infrastructure in keeping societies running, and families connected during the COVID-19 pandemic.

Dublin, Ireland, June 16, 2020--The Global Airborne SATCOM market accounted for US$5.51 billion in 2018 and is expected to reach $9.80 billion by 2027 growing at a CAGR of 6.6% during the forecast period according to Research and Markets. Rise in long-haul flights and traveller traffic and raise in the number of high-throughput satellites are the major factors propelling the market growth. However, factors such as ultra-compact SATCOM terminals for tactical UAVs and need to improve passenger experience are hampering the market growth.

Oslo, Norway, June 10, 2020--A global poll of broadcasters conducted by OnePoll on behalf of Nevion, the architects of virtualized media production, has found that over a third (39%) of respondents expect their organization will be ready to adopt 5G within a year, while a further 53% believe they will be able to do so within the following year.

Dublin, Ireland, June 10, 2020--The satellite manufacturing and launch systems market is poised to register a CAGR of more than 3.5%, during the forecast period 2020 - 2025 according to new research from Research and Markets.

Denver, Colo., June 8, 2020--A new report from CoBank’s Knowledge Exchange division examines the feasibility of LEO satellite broadband networks and what business model is best positioned for success. The report identifies significant headwinds the industry will contend with before its full potential might be realized.