Global Markets - Market Trends
The Satellite ground equipment market is projected to grow from US$ 22 billion in 2021 to US$ 53.7 Billion by 2026, at a Compounded Annual Growth Rate (CAGR) of 19.6% according to Research and Markets. Satellite equipment is an integral part of the communication in the commercial and defense industries.
These are exciting times for those following the 25-year-old satellite IoT market developments. Currently, we see more than 40 Sat-IoT networks (according to Berg Insight 2021) that are commercially available in the market or on the verge of being launched, and the number of new announcements of satellite IoT constellations is still growing.
The Pay-TV services revenue in China is expected to grow at a sluggish compound annual growth rate (CAGR) of 0.6% from US$35.1bn in 2021 to US$36.2bn in 2026, due to a steady decline in cable TV subscriptions and drop in overall pay-TV average revenue per subscription (ARPS), according to analytics firm GlobalData.
An analysis of GlobalData’s China Pay-TV Forecast indicates that cable TV subscriptions are expected to decline at a CAGR of 0.9% between 2021 and 2026 while the average monthly spend per pay-TV account will drop from $5.43 to $5.20 over the same period.
The SATCOM on the move market is projected to grow from USS 17.7 Billion in 2021 to US$ 42.8 Billion by 2026, at a CAGR of 19.3% according to Research and Markets.
SATCOM equipment is an integral part of the communication in commercial and defense industry. The SATCOM on the move market is dominated by a few globally established players such as Thales Group (France), L3Harris Technologies (US), Honeywell International Inc. (US), Hughes Network Systems (US), Viasat, Inc. (US), among others.
The electric propulsion satellite market and according to this report it is poised to grow by US$ 12.27 Billion during 2021-2025, progressing at a CAGR of 14.95% during the forecast period according to Research and Markets.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing preference for hosted payload and cost-effective solutions.
Key Highlights
New analysis from Mobile Experts explores the role that satellite links are likely to play in the upcoming mobile market. According to the report, releases 17 and 18 of the 3GPP standards will include new features to make Non-Terrestrial Networks (NTN) work. This category includes drone-based, balloon-based, and satellite-based communications that will now be able to connect using 5G NR.
In its 5th year, NSR’s first to market In-Orbit Services: Satellite Servicing, ADR, and SSA, 5th Edition (IoSM5) forecasts US$ 14.3 Billion in IoSM revenue, driven by Life Extension, generating $4.7 Billion through 2031.
African OTT movie and TV episode revenues will reach $2 billion by 2027 – triple from $623 million in 2021. South Africa and Nigeria will together account for 56% of the total by 2027, leaving $896 million divided between the other 33 countries. SVOD revenues will reach US$ 1.66 billion by 2027; up from US$ 476 million in 2021.
NSR’s newly released Optical Satellite Communications, 4th Edition (OSC4) projects a US$ 2 Billion Optical Satcom market for equipment, driven primarily by upcoming Non-GEO constellations. As Optical Satcom growth trends upwards at a 47% CAGR, projected demand reaches 6,000+ laser communication terminal (LCT) units over the next decade.
Reportlinker announced the release of the report "Global Smart Television and Set-Top Box (STB) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026).The Global smart television market is expected to register a CAGR of 3.17%, while the global STB market is expected to register a CAGR of -1.50% during the forecast period (2022-2027).