Asia-Pacific - Market Trends
The World Teleport Association (WTA) today released Coming Out of COVID-19, a new research report that explores the widespread impact that COVID-19 had on satellite and teleport operators around the globe. The report examines the similar and disparate ways technology companies addressed the pandemic with new policies for both internal operations and relations with new and existing customers.
Amid the COVID-19 crisis, the global market for Minisatellites estimated at US$12 Billion by 2027, growing at a CAGR of 25.5% over the analysis period 2020-2027 according to Research and Markets. Communication, one of the segments analyzed in the report, is projected to record a 26% CAGR and reach US$24 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Remote Sensing segment is readjusted to a revised 28.5% CAGR for the next 7-year period.
NSR’s Wireless Backhaul via Satellite, 15th Edition report, released today, forecasts $25 billion in annual revenue in 2030 for satellite backhaul, propelled by explosive connectivity demand worldwide and post-COVID-19 recovery in the near term.
The latest update of “Prospects for the Small Satellite Market” was released this week by Euroconsult, forecasting further growth in the global supply and demand of government, commercial and academic satellites weighing up to 500 kg.
NSR’s latest report, Satellite Capacity Pricing Index, 7th Edition (2021) finds capacity price declines decelerating in 2021, with the global mean price index declining by ~5-6% in Q1 2021, in contrast to ~13% in Q1 2020.
Global 8K TV household adoption will begin to build momentum over the next few years, reaching 72 million households by 2025. Following a slower than expected 2020 when just under 350 thousand 8K TVs were sold globally, Strategy Analytics’ forecasting models indicate sales of more than 1 million 8K TVs in 2021 and around 4 million in 2022. North America will be the leading region for 8K TVs by 2025 with close to 25 million households owning at least one 8K TV set.
CubeSats are miniaturized cubical-shaped small satellites measuring 10x10x10 cm3 - approximately the dimension of the popular Rubik’s cube and weighs around 1 kg. A CubeSat can be used as a single unit (1 U) or in clusters of several units or U’s (1U, 2U, 3U, 6U, 12U, and others). According to Allied Market Research, the global CubeSat market was valued at US$ 184.11 million in 2020, and is estimated to grow at a CAGR of 15.1% during the forecast period (2020-2027).
Post-COVID travel should include better Inflight Connectivity according to a recent Intelsat survey. It’s no surprise that the COVID-19 pandemic has wreaked havoc on the commercial aviation industry. With global vaccination rates surging, however, airlines are optimistic that most passengers will soon return to booking both business and leisure trips. In fact, TSA daily screenings recently topped 1.5 million for the first time in almost a year, leaving airline executives very optimistic.
In its first ever report on Universal Broadband Access, Euroconsult, the world’s leading authority on space and satellite-based applications markets, forecasts that the global market for satellite broadband is expected to triple with service revenues reaching $12.7 billion by 2029. With 46 percent of the world’s population still unconnected, satellite broadband remains key to bringing essential services to sparsely populated regions where extending terrestrial networks is not economically feasible.
According to a new report published by Trends Market Research titled, “Space Launch Services Market by Payload, Launch Platform, Service Type, Launch Vehicle, and End-User: Global Opportunity Analysis and Industry Forecast, 2019–2026,” the space launch services market accounted for revenues of US$ 8.9 billion in 2018 and is anticipated to generate US $30 Billion by 2026. The market is projected to experience growth at a CAGR of 17.2% from 2019 to 2026.
