Market Trends

Global Military Satellite Market Projected to reach US$ 63.116 Billion in 2026

Dublin, Ireland, March 11, 2022--The global military satellite market is expected to grow from US$ 52.28 billion in 2021 to US$ 54.83 billion in 2022 at a compound annual growth rate (CAGR) of 4.9%. The market is expected to reach US$ 63.116 billion in 2026 at a CAGR of 3.6% according to new Research from Research and Markets.

The Satellite Ground Equipment Market

by Virgil Labrador, Editor-in-Chief

Los Angeles, Calif., March 11, 2022--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.

Update on the Satellite Internet of Things Market

by Hub Urlings and Marco Franken

Amsterdam, the Netherlands, March 4, 2022--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 SATCOM on the Move Market is Projected to Grow to US$ 42.8 Billion by 2026

Dublin, Ireland,  March 1, 2022-- 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.

The Electric Propulsion Satellite Market Poised to Grow by $12.27 Billion from 2021-2025

Dublin, Ireland, February 18, 2022--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 Mobile of the Future Could be Out of this World

Cambell, Calif., Feb. 17, 2022-- 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.

African OTT to Generate US$ 1.6 Billion by 2027

London, UK, February 11, 2022--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 Latest Report Projects US $2 Billion Optical Satcom Market Driven by Non-GEO Constellations

Cambridge, Mass., February 8, 2022- 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.