A new study from Markets and Research has estimated that the optical satellite communication global market account for US$ 291.32 million in 2017 and is expected to reach $2,861.89 million by 2026. This, Market and Research said, translates to a compounded annual growth rate (CAGR) of 28.9% during the forecast period.

NAGRA, a Kudelski Group (SIX:KUD.S) company and a provider of content protection and multiscreen television solutions, in partnership with MTM, a leading international research and strategy consultancy, today released the key findings of the U.S. edition of the 2019 Pay-TV Innovation Forum.

According to Euroconsult's newly released research, Prospects for the Small Satellite Market, the market for small satellite (smallsat) manufacturing and launch will grow from US$ 12.6 billion in 2009-2018 to US$ 42.8 billion in the coming decade from 2019-2028, nearly quadrupling in size.

While the growth is led by large constellations such as OneWeb, SpaceX’s Starlink and Amazon’s Project Kuiper, the findings show that the smallsat industry is highly diverse, with demand from a variety of operators, start-ups, universities, and countries.

Key Findings

The satellite communication equipment market worldwide is projected to grow by US$16.5 billion, guided by a compounded growth (CAGR) of 8.6%.

According to Research and Markets, which produced the report, staying on top of trends is essential for decision makers to leverage this emerging opportunity. The report addresses this very need and provides the latest scoop on all major market segments. Maritime, one of the segments analyzed and sized in this study, displays the potential to grow at over 9.9%.

Cord-cutting in developed Asia-Pacific (APAC) is set to offset gains in Direct-to-Home (DTH) and Internet Protocol television (IPTV) in emerging APAC (South and Southeast Asia) and as a result, the overall region is forecast to witness a marginal decline in pay-TV household penetration from 67.4% in 2018 to 67.0% by the end of 2023, according to GlobalData, a leading data and analytics company.

Satellite Operator Benchmarks 2019, the ninth in its series, tracks, rates and compares the operational and commercial performance of satellite operators, as experienced by teleport operators, in order to strengthen the industry by driving self-improvement across all companies. Research for the report was conducted by Futuresource, which provides market research, analytics, forecasts to industry.

According to Euroconsult's newly released research, Government Space Programs: Benchmarks, Profiles & Forecasts to 2028, global government space budgets are in the early stages of a ten year growth cycle with total world expenditures reaching US$ 70.9 billion in 2018, and forecasted to grow to US$ 84.6 billion by 2025.

Increased demand for communications, high-speed internet, and global connectivity is expected to fuel the growth of the SATCOM equipment market for space across the globe according to a report by Research and Markets. By end-user, the commercial segment is estimated to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increased launch of satellites to cater to the demand for communications, earth observation, and navigation.

Parks Associates research forecasts that in 2019, OTT and pay-TV companies will see $9.1 billion in lost revenue due to piracy and account sharing. 360 Deep Dive: Account Sharing and Digital Piracy reports this number will grow to US$ 12.5 billion in 2024, a growth rate of 38%. Currently 27% of US broadband households engage in some form of piracy or account sharing.

NSR’s Satellite Manufacturing and Launch Services, 9th Edition (SMLS9) report, published today forecasts a US$225 Billion market opportunity over the next decade, driven by Situational Awareness and Earth Observation markets.