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Satellite services market in the US to reach US$ 60.3 B by 2026

The US satellite services market is expected to propel 2.9% CAGR and reach US$ 60.3 billion by 2026. The growth in demand from end-user industries, such as government, maritime, aviation, among others, is boosting the growth of the market in the U.S. Moreover, it has advanced foothold technological infrastructure and improved network connectivity.

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Definition / Scope

  • A satellite is an object that has been intentionally placed into orbit.
  • Satellites are used for many purposes. They can be used to make star maps and maps of planetary surfaces, and also take pictures of planets they are launched into. Common types include military and civilian Earth observation satellites, communications satellites, navigation satellites, weather satellites, and space telescopes. [1]
  • Satellite service providers offer satellite capacity to end-users such as DTH operators, telecommunication companies, and others. These providers buy capacity from the satellite operators to resell voice, broadcasting, and data circuits to several end-user industries.
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Market Overview

  • The US satellite services market size was valued at USD 48.1 billion in 2018 and industry expects gains around 2.9 % during the forecast period, 2019 to 2026. It is anticipated the market to reach $60.3 billion by 2026 due to huge demand for high-resolution imaging services and preferences for managed network services.[2]
  • Despite these growth factors, major concerns related to the growth of the market are a decline in demand for television services from developing countries that are expected to restrain the market growth up to a certain extent. On the other hand, untapped potential in developing nations creates new pathways in the industry in the forecast period of 2019-2026.
  • North America held the major market share, accounting for nearly half of the total share of the global satellite services market in 2018, and will continue its lead position during the forecast period. The U.S. holds around 40% of share in the global satellite services market. This is attributed to the healthy growth of the remote sensing and fixed satellite services segment in the region. The aerospace and defense segments are anticipated to be the end-user industry to experience rapid growth in the U.S.
  • The U.S. satellite service market is highly fragmented consisting of various small as well as medium-sized companies and few big players, which have fair competition in the market. Some of the major players in the market include Globalstar, Raytheon, Iridium Communications and DigitalGlobe. Other prominent players in the value chain of the satellite services market include Comtech Telecommunications, EchoStar, Harris CapRock Communications, Intelsat General, Ligado Network, SpaceQuest, TerreStar Network, TrustComm, ViaSat, VT iDirect, and others. Key players are adopting numerous strategies such as acquisition, collaboration, partnership, agreement, and business expansion, to stay competitive in the satellite services market.
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Key Metrics

Metrics Value Explanation
Base Year 2018 Researched through internet


Market Risks

Satellite service is a long term business and it takes a long time to regain the investment but new risks can spawn during that time. Some of the risks are mentioned below:


High barriers to entry:

  • Finite resources of orbital positions and frequencies, heavily regulated at the international level with key commercial orbital positions have already been developed.
  • Moreover, high technology & technical expertise is required through the satellite lifecycle.


Increasing Regulations on the Use of Satellite Technology:

  • In the US, the FCC regulates satellite operators, mainly through governing the use of radio spectrum shared with terrestrial broadcasters, while the Federal Aviation Administration authorizes rocket launches.
  • Under the new US vision, the Federal Aviation Administration (FAA) will continue to license commercial rocket launches, and the Federal Communications Commission (FCC) will still license the use of satellite radio spectrum in the US.
  • The space law is forcing the US to update its orbital regulations. For instance, during a March launch, US regulators belatedly forced SpaceX to shut off video cameras on its rocket despite years of such broadcasts. [3]


Congestion of frequency bands:

  • The orbit is crowded and the satellite spectrum is getting congested. It is now harder to develop new satellite project. The number of earth observation satellites in operation offering commercial data solutions is expected to be in the 160-180 range by 2024. [4]
  • Telecommunication operators are increasingly struggling to find “parking spots” for their satellites in outer space. Telecom operators are limited in their choice of parking spots because there are only one thousand and eight hundred available spaces in the Geostationary Earth Orbit (GEO), which is located approximately 35,786 kilometers above the Earth’s equator and revolves at the same rate as the Earth’s rotation.[5]
  • Some regions such as the North American and European arcs are more heavily utilized than others, particularly in the C- and Ku-band frequencies. Other frequency bands, such as Ka-band, hold marked promise for continued growth.

Top Market Opportunities

The growth of ICT market:

  • The U.S. digital economy grew at an annual average rate of 5.6 percent between 2006 and 2016 and accounted for 6.5 percent of current-dollar GDP.[6]
  • The growing requirement from customers who need to be connected anywhere and anytime are opportunities for satellite service providers to be a part and then get benefits from that.


High demand from emerging economies:

  • New entrants are emerging with approaches evolved around the development of lower-cost satellites. The market is anticipated to grow significantly during the forecast period owing to numerous factors such as an increase in demand for satellites for earth observation services in numerous sectors such as agriculture, energy, civil engineering, oil & gas, and others, which consequently fuels the use of satellites.
  • The emergence of the “low-cost” satellites has the potential to disrupt the market by opening up new service areas and applications that require high revisits (for frequent change detection), and by offering data and solutions at a lower price.


Increasing demand for satellite communication in emergency situations:

  • In case of emergencies, portable mobile satellite services can be extremely helpful. Thus, there’s a growing demand for mobile satellite services, especially in calamities prone area, which is further driving the satellite services market.
  • The technology of satellite communication uses satellite to transfer signals from the transmitter to the receiver. Satellite communication far outperforms cellular or other wireless services for all-location communication since the satellite is not affected by cellular dead-zones or temporary environmental condition such as flooding, power outages, fires, back-hoe digs, earthquakes, hurricanes, tornadoes, or any other regional unknowns since this service is connecting with an orbiting satellite 22,000 miles away.[7]

Market Drivers

The satellite services market is anticipated to grow significantly during the forecast period owing to global demand driven by increasing connectivity needs.


High demand for high-resolution imaging services:

  • The satellite services market is expected to witness substantial growth during the forecast period due to an increase in the use of satellite imagery for energy & power, defense & security, and extensive use of satellite imagery for the agriculture sector.
  • Also, the demand for satellite imagery for environmental monitoring is expected to increase exponentially in the U.S. during the forecast period.[8]


High demand for managed network services:

  • The managed network services market is driven by factors such as a rise in the extensive use of data communications that need rapid data transfers for transmission.
  • The rise in the number of data channels and service providers coupled with the use of ultra-definition HD for display acts as a key driver for the market.
  • Total satellite ground equipment revenues increased by 7% in 2016. Network equipment revenues increased 7%, tracking the growing demand for managed network services (including but not limited to in-flight connectivity services).


Rising Integration Demands for Satellite and Terrestrial Mobile Technology:

  • Consumer demands for increased capacity are driving satellite operators to look toward higher frequency bands. These same higher frequency bands are of interest to the terrestrial operator for the same reasons.
  • However, users do not want multiple terminals, so real efficiency only results from integrating this service with other 5G services being provided terrestrially.


Growing Interest from Government and Military:

  • To beef up security, U.S. military officials are adding commercial satellite receivers to aircraft, trucks and other equipment in case their own protected communications capabilities are hacked or degraded.
  • For instance, iridium is poised to launch a new service to back up the U.S. Air Force’s Global Positioning System (GPS) satellites together with satellites, a private firm that delivers timing and location signals using Iridium’s 66 low-earth satellites, rather than ground-based terminals, which makes them more secure. [9]

Industry Challenges

Globally, there are lots of challenges for satellite services companies. These challenges trigger companies to work on both minor and major aspects of the companies and bring about a positive change. Major challenges faced by the industry are listed below:


Decreasing demand for television services from developed economies:

  • Satellite TV services (DBS/DTH) stayed flat in 2018 and accounted for 77% of all satellite services revenues that comprise 93% of consumer revenues.[10]
  • The production of UHD content drives increasing (but still relatively low) of channels. The potential slowdown of demand growth for satellite capacity is due to reasons such as compression technologies continue to improve and more consumers opt for IP-based video service.


The influx of low-cost data:

  • The lower-cost approach, reducing capital expenditure, means operators can price data very competitively with the potential to disrupt the market.
  • The geolocation accuracy of the systems remains an issue (smallsats are less-stable platforms, and the reduced cost of the mission implies less emphasis on high-precision optics).
  • The influx of low-cost data is expected to affect vertical markets, which are more cost-sensitive, less stringent on data geolocation requirements and can benefit from high revisit.


Lack of Interoperability between Systems:

  • Interoperability facilitates the connections and integrations across these communication systems to occur regardless of the data’s origin or destination and ensures the data are usable and readily available to share without additional intervention by the end-user.
  • In the satellite services market, the connection can happen between fixed satellite services to MSS or others as well. It requires the facilities to have the interoperability; otherwise, the function may fail.


Mitigating the effect of climate change:

  • More disasters come with heavier consequences.
  • The more financial burden for operating and even for reforming the market.
  • Current prediction models seem no longer valid.

Technology Trends

  • Technology innovations like IoT, the emergence of 3D printing, and satellite miniaturization supported by growing investment are other factors that have propelled the growth of the satellite market for military and defense applications.
  • The growing use of satellites during extreme weather conditions and warfare situations has led to their increased utilization in maritime surveillance and border protection.
  • The development of innovative image-enhancing equipment like advanced remote-sensing technology and high-resolution cameras is improving the quality of satellite-based earth observation images.
  • One of the latest low-cost satellite market trends gaining traction in this market is the emergence of 3D printing of low-cost satellites. Benefits like quick design and rapid changes, complete automation of the satellite production process, and just-in-time manufacturing of satellite parts have led to a surge in this trend.

Regulatory Trends

  • In the US, the FCC regulates satellite operators, mainly through governing the use of radio spectrum shared with terrestrial broadcasters, while the Federal Aviation Administration authorizes rocket launches.
  • In June 2004, FCC adopted a comprehensive set of regulations concerning mitigation of orbital debris. These regulations apply to licensing of commercial U.S. satellites and to the use of non-US satellites to provide service in the United States.
  • The rules require disclosure, prior to authorization, of debris mitigation measures, including end-of-life measures.[11]
  • The government agencies in the region have taken significant efforts to introduce new satellite and navigation systems, which have further boosted the growth of the Satcom industry. For instance, in June 2018, the U.S. Air Force awarded the contract of USD 130 million to SpaceX for the launch of Air Force Space Command Satellite (AFSPC) -52 satellites in the late FY2020 [12].
  • Recently, SES GS announced that the U.S. General Services Administration’s Future Satellite Communications Service Acquisition (FCSA) program had awarded SES Government Solutions the spot on the Complex Commercial Satellite Communications Solutions contract (CS3).
  • This will allow the U.S. Government to take advantage of most innovative offerings, including high throughput connectivity on multi-orbit satellite fleet. Complex solutions will have any combination of fixed and mobile satellite services, service-enabling authorizations, components, and ancillary equipment, such as terminals, teleports, and peripherals.

Market Size and Forecast

The US satellite services market size was valued at USD 48.1 billion in 2018 and the industry expects gains around 2.9 % during the forecast period, 2019 to 2026. It is anticipated the market to reach $60.3 billion by 2026 due to huge demand for high-resolution imaging services and preferences for managed network services.[13]


US SATELLITE SERVICES MARKET KEY SEGMENTS

The satellite services market is segmented into type and end-user industries. Based on type, the market is divided into consumer services, fixed satellite services, mobile satellite services, remote sensing, and space flight management services. The consumer services type is further bifurcated into satellite TV, satellite radio and satellite broadband. Furthermore, the fixed satellite services type is further categorized into transponder agreement and managed network services. On the basis of the end-user industry, the market is bifurcated into media & entertainment, government, aviation, defense, aerospace, retail & enterprise, and others. The satellite services market share is highest in the space industry. This is attributed to the large consumer base of satellite services such as defense, media, retail, and others. [14]


US SATELLITE SERVICES MARKET BY TYPE

Based on type, the consumer services segment accounted for the highest share in the market in 2018. This is attributed to the noteworthy performance of satellite television and satellite broadband services in the region.


Consumer services:

  • It's the largest segment for the US satellite services market. Customer services dominated satellite services market share and accounted for more than 80 percent of the market revenue in 2018.
  • The market was worth US$ 39.76 billion in 2018 and will reach $48.24 billion in 2026. Satellite radio and consumer satellite broadband posted 10% and 3% growth respectively in the consumer services segment, while more mature satellite TV stayed flat.


Fixed satellite services:

  • It's the second-largest segment for the market. The market was valued at US$ 5.13 billion in 2018 and will reach $6.9 billion in 2026, growing at a CAGR of 8.2% during the forecast period (2019 - 2026).
  • The fixed satellite service market is expected to grow significantly over the forecast period, owing to the rise in the extensive use of data communications and increasing demand for high-speed internet.
  • The demand for fixed satellite services is also rising from the enterprise segment. In July 2018, Gilat Telecom announced that it was chosen as a service provider for Iridium Certus for land-mobile applications and can now offer customers a wider variety of fixed connectivity solutions. [15]


Mobile satellite services:

  • This segment was valued at US$ 1.28 billion in 2018 and will reach $2.06 billion in 2026. The market is expected to register a CAGR of over 6.2% during the forecast period. The usage of satellite communication services for IoT, as well as in the disaster management areas in developed regions, is expected to boost the market studied, over the forecast period.
  • Mobile satellites services can find space for a various range of applications, including telecommunication, weather prediction, and navigation, military intelligence, and space exploration.
  • Additionally, augmenting 5G mobile networks with next-generation satellite capabilities helps the mobile satellite operators in playing a vital role in the emerging 5G ecosystem. [16]


Remote sensing:

  • This segment is anticipated to grow at a CAGR of 6.2% in the forecast period. The market continues to grow owing to established satellite remote sensing companies, with new entrants reporting revenue as they continue to roll out their services.
  • New entrants continued to raise capital, develop satellites, and deploy orbital assets. The market is estimated to grow from over $ 1.28 billion in 2018 to over US$ 2 billion in 2026.


Space flight management services:

  • It's the one of the fastest growing segments for the market. Substantial share of in-flight and other managed services is provided by the same satellite operators that provide consumer satellite broadband services, their HTS capacity divided between the two types of service.
  • The market was worth US$ 641 million in 2018 and will reach above $1 billion in 2026. Space flight management services are likely to attain growth rates at 6.8 percent up to 2026.


US SATELLITE SERVICES MARKET BY INDUSTRY VERTICAL

Based on the end-user industry, the media & entertainment segment has accounted for the highest share in the market in 2018. This is attributed to the increased demand for satellite television services in developing economies such as India, China, Brazil, and others. Moreover, the aerospace and defense segments are anticipated to be the end-user industry to experience rapid growth. [17]


Media & entertainment:

  • It's the largest segment for the US satellite services market. The media and entertainment segment dominated satellite services market share and accounted for close to 30 percent of the market revenue in 2018.
  • The market was worth US$ 13.92 billion in 2018 and will reach $15.83 billion in 2023. This segment is likely to attain growth rates at 1.6 percent up to 2026.


Government:

  • U.S. government is adding commercial satellite receivers to aircraft, trucks and other equipment in case their own protected communications capabilities are hacked or degraded.
  • The market was valued at US$ 9.07 billion in 2018 and will reach $11.11 billion in 2026, growing at a CAGR of 2.5%.


Aviation:

  • It's the one of the fastest growing segments for the US satellite services market. This segment was valued at US$ 324 million in 2018 and will reach $673 million in 2026.
  • The market demand may witness gains at over 12.6 % by the end of 2026.


Defense:

  • This segment is anticipated to account for market share close to 23% of the market.
  • The market is estimated to grow from over $ 11.33 billion in 2018 to about US$ 14.5 billion in 2026.


Aerospace:

  • They are suitable alternatives for antibiotic growth promoters owing to the potential risks involved affecting both humans and the environment.
  • The market was worth US$ 2.75 billion in 2018 and will reach $3.7 billion in 2026. Aerospace is likely to attain growth rates at 4 percent up to 2026.


Retail & enterprise:

  • This segment was valued at US$ 10.36 billion in 2018 and will reach $13.8 billion in 2026.
  • Retail and enterprise market demand may witness gains at over 3.7% by the end of 2026 due to advanced foothold technological infrastructure and improved network connectivity.


Others:

  • The other segment was valued at US$ 324 million in 2018 and will reach $673 million in 2026. This segment may witness growth at over 12% by the end of 2026. This is owing to the healthy growth of the remote sensing and fixed satellite services segment in the region.
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Market Outlook

  • The US satellite service spending is projected to surge to US$ 60.3 billion by 2026 from US$ 48.1 billion in 2018, driven by advancements in the technology industry.[18].
  • The U.S. held the major market share, accounting for nearly 40 percent of the total share of the global satellite services market in 2018, and will continue its lead position during the forecast period. This is attributed to the largest consumer base of the US in the defense and government sector along with the presence of major players. [19]
  • Based on type, the consumer services type accounted for the highest market share in the global satellite services market in 2018, accounting for nearly four-fifths of the total share, and is estimated to dominate during the forecast period. This is due to the huge consumer base in developing & developed regions and the high demand for television and broadband services in developing countries. On the other hand, the fixed satellite services segment would register the highest growth rate with a CAGR of 8.2% from 2019 to 2026, owing to a rise in demand for managed network services from the aviation industry, especially in developed countries.
  • Based on end-user, the media & entertainment segment held nearly one-fourth of the total market share of the global satellite services market in 2018, and is projected to maintain its lead during the forecast period. This is attributed to a massive consumer base in developed countries and a surge in demand for DTH services in the Middle East and Latin America. Contrarily, the aviation segment is expected to register the highest growth rate with a CAGR of 12% from 2019 to 2026.

Technology Roadmap

  • With the advent of advanced technologies, launch vehicle manufacturers are providing cost-effective solutions for satellite end-users. This decline in the cost of satellite launch systems will be a primary factor triggering the growth of the satellite manufacturing and launch market.
  • In addition, advances in ground station technology can help expand the utilization of spectrum to the same effect. Use of hybrid satellites is another factor that may contribute to the relative inefficiency in the use of orbital resources since satellites with transponders operating in both frequency bands are less likely to employ maximum frequency reuse techniques in either band, although the use of hybrid satellites may nonetheless offer certain countervailing flexibility advantages.
  • The ability of remote-sensing satellites to capture superior satellite-based earth observation images and allow users to acquire electro-optical data from new and existing databases are expected to augment their utilization in the public and private sectors.
  • Increasing 5G penetration is expected to further increase market growth over the forecast period. This is because, with the increased usage of 5G connection among users, the market is likely to grow even bigger as the 5G connection uses the fixed satellites to establish connections.

Distribution Chain Analysis

Some of the major players in the market include Globalstar, Raytheon, Iridium Communications and DigitalGlobe. Other prominent players in the value chain of the satellite services market include Comtech Telecommunications, EchoStar, Harris CapRock Communications, Intelsat General, Ligado Network, SpaceQuest, TerreStar Network, TrustComm, ViaSat, VT iDirect, and others.

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Competitive Landscape

  • The US Satellite Services market is highly competitive and fragmented among various market participants. In terms of market share, few of the major players currently dominate the market. These major players with the prominent share in the market are focusing on expanding their customer base across foreign countries.
  • Prominent manufacturers are focusing on strategic acquisitions to expand their product portfolio & achieve technological advancement and strategic agreements to expand their distribution network and achieve market growth. These companies are leveraging strategic collaborative initiatives to increase their market share and increase their profitability.
  • The companies operating in the market are also acquiring start-ups working on Mobile Satellite Services technologies to strengthen their product capabilities. In February 2018, Ericsson and MTS established a 5G research center in Russia. The two companies may leverage their expertise, latest technologies, and partner ecosystem to build prototypes and explore new business opportunities with 5G and the Internet of Things.

Competitive Factors

  • The key factors companies are adopting numerous strategies such as new product launches, product approvals and others such as product development and business expansion. Mergers, Acquisitions, Collaboration, and Partnerships are some of the common inorganic growth strategies activities employed by the companies to expand their market share and stay competitive in the satellite services market.
  • For instance, in March 2017, Intelsat partnered with Kymeta. Kymeta is involved in providing mobile connectivity solutions. The aim of the partnership was to streamline the process of purchasing satellite services. They developed a new KALO service, a software, that became available at the end of 2017. This KALO service introduced a simplified way to purchase satellite services for direct users, integrators and service providers, which has eased the process of purchasing satellite services up to a certain extent.
  • In July 2018, Intelsat and Eutelsat announced that they are aligned on a market-based proposal for the future use of the lower C-band spectrum in the United States.
  • On August 5, 2019, SpaceX is projected to begin a new SmallSat rideshare program in the coming two years, providing a launch mass of 150 Kg for $2.25 million per mission.
  • All these companies are also investing huge amounts in R&D focusing on new and innovative products and also for the publicity of such products using the latest available technology. These activities have paved the way for the expansion of business and customer base of market players.

Key Market Players

Company Profiles of Key vendors


Globalstar:

  • It provides mobile voice and data communications services via satellite.
  • The Company primarily provides business and recreational communications to industry, government, and individual customers located in remote areas throughout the world.[20]


Raytheon:

  • It is a technology company specializing in defense, homeland security, and other government markets throughout the world.
  • The Company provides electronics, mission systems integration, and other capabilities in the areas of sensing, effects, and command, control, communications, and intelligence systems, as well as mission support services.[21]


Iridium Communications:

  • It offers mobile satellite communications services. The Company operates satellites in a low-earth orbit and provides global coverage.
  • Iridium offers voice and data communications services to the United States and foreign governments, businesses, non-governmental organizations, and consumers.[22]


DigitalGlobe:

  • It builds a constellation of high-resolution earth imaging satellites and a geo-information product store web site.
  • The Company offers a collection and archival of geospatial information data and ensures flexible distribution. DigitalGlobe also offers services for project-specific requirements.[23]


Company Profiles of other prominent vendors


Comtech Telecommunications:

  • It designs, develops, and manufactures technology electronic products and systems.
  • The Company's communications products are used worldwide for voice, data, facsimile, and video transmissions at microwave frequencies in satellite, over-the-horizon microwave, terrestrial line-of-sight, and wireless telecommunications.[24]


EchoStar:

  • EchoStar Corporation operates satellite communication infrastructures.
  • The Company provides satellite broadband communication solutions to media and broadcast organizations, pay-TV operators, enterprise customers, and US government and military service providers. EchoStar serves customers worldwide.[25]


Harris CapRock Communications:

  • Harris CapRock Communications, Inc. provides satellite communications solutions.
  • The Company offers managed communication services such as broadband internet, corporate networking, voice over IP, and real-time video services to oil and gas, mining, engineering, and construction customers. CapRock Communications serves customers worldwide.[26]


Intelsat General:

  • Intelsat General Corporation (IGC) provides communication services.
  • The Company offers broadband connectivity, video communications, and mobility services for commercial, government, and military sectors. IGC serves customers worldwide.[27]


Ligado Networks:

  • Ligado Networks is a satellite communications company that develops a satellite-terrestrial network to support 5G and Internet of Things applications.
  • Ligado's headquarters is in Reston, Virginia. Ligado has a revenue of $5M, and 60 employees. Ligado's main competitors are NovelSat, HorizonSat, and NorthTelecom.[28]


SpaceQuest :

  • Space Quest Ltd. manufactures communication equipment.
  • The Company provides antenna systems, radios, and modems, solar array simulator, space-qualified GPS receiver, payloads and systems, and earth station equipment. Space Quest serves customers in the United States. [29]


TerreStar Network :

  • Terrestar Networks, Inc. provides voice, data and video services through a satellite-terrestrial mobile broadband network.
  • The Company serves governments, emergency responders, enterprise businesses and rural communities. TerreStar, through a network of partners and service providers, offers coverage throughout the United States and Canada.[30]


TrustComm :

  • TrustComm Inc. provides global satellite communication services. The Company offers Ku-Band, Ka-Band, C-Band, and X-Band communication services.
  • TrustComm conducts business operations throughout the United States.[31]


ViaSat:

  • ViaSat, Inc. provides advanced broadband digital satellite communications and other wireless networking and signal processing equipment and services.
  • The Company's defense products include satellite communications products consisting of modems, terminals, and network control systems, advanced multifunction information distribution systems, and simulation test equipment. [32]


VT iDirect:

  • VT iDirect, Inc. provides satellite communications technology solutions.
  • The Company offers IP-based satellite communications, network management, hubs, and line cards, satellite remote routers, and other services. VT iDirect serves customers in the United States.[33]

Strategic Conclusion

  • The U.S., among the lead innovators and pioneers, in terms of adoption, is one of the largest markets for satellite services. The satellite services market is anticipated to experience growth at a considerable rate during the forecast period.
  • This is attributed to factors such as a rise in demand for Earth observation applications from the developed economy and an increase in demand for satellite broadband and satellite television services from Asia-Pacific, Latin America, and the Middle East regions.
  • Along with the rise in demand for broadband services in Asia-Pacific, the aerospace sector is anticipated to witness growth owing to the surge in investment in space-related activities in countries such as China, India, and Japan. This is expected to fuel the demand for satellite services such as remote sensing.
  • Furthermore, there is an increase in the demand for connectivity in the maritime sector and the aviation sector from developed economies.

References

  1. https://en.wikipedia.org/wiki/Satellite
  2. https://www.prnewswire.com/news-releases/satellite-services-market-to-reach-144-5-bn-globally-by-2026-at-2-2-cagr-allied-market-research-300932994.html
  3. https://qz.com/1254723/fuzzy-space-law-is-forcing-the-us-to-update-its-orbital-regulations/
  4. https://eijournal.com/print/articles/significant-supply-expansion-for-eo-industry-data-demand-driven-by-defense-and-emerging-markets
  5. https://www.spacelegalissues.com/orbital-slots-and-space-congestion/
  6. https://www.brookings.edu/research/trends-in-the-information-technology-sector/
  7. https://www.globenewswire.com/news-release/2019/08/13/1901128/0/en/Global-Mobile-Satellite-Services-Market-Will-Reach-USD-6-7-Billion-By-2025-Zion-Market-Research.html
  8. https://www.bloomberg.com/press-releases/2019-09-30/satellite-data-services-market-worth-23-4-billion-by-2025-exclusive-report-by-marketsandmarkets
  9. https://www.reuters.com/article/us-usa-military-satellites-idUSKCN0WB20F
  10. https://www.itu.int/en/ITU-D/Regional-Presence/AsiaPacific/Documents/Events/2017/Aug-ISS2017/PPT_S5_Eutelsat.pdf
  11. http://adsabs.harvard.edu/full/2005ESASP.587..571K
  12. https://www.mordorintelligence.com/industry-reports/mobile-satellite-services-market
  13. https://www.prnewswire.com/news-releases/satellite-services-market-to-reach-144-5-bn-globally-by-2026-at-2-2-cagr-allied-market-research-300932994.html
  14. https://www.alliedmarketresearch.com/satellite-services-market
  15. https://www.mordorintelligence.com/industry-reports/fixed-satellite-service-fss-market
  16. https://www.mordorintelligence.com/industry-reports/mobile-satellite-services-market
  17. https://www.alliedmarketresearch.com/press-release/cloud-api-market.html
  18. https://www.prnewswire.com/news-releases/satellite-services-market-to-reach-144-5-bn-globally-by-2026-at-2-2-cagr-allied-market-research-300932994.html
  19. https://www.itu.int/en/ITU-D/Regional-Presence/AsiaPacific/Documents/Events/2017/Aug-ISS2017/PPT_S5_Eutelsat.pdf
  20. https://www.bloomberg.com/profile/company/GSAT:US
  21. https://www.bloomberg.com/profile/company/RTN:US
  22. https://www.bloomberg.com/profile/company/IRDM:US
  23. https://www.bloomberg.com/profile/company/DGI:US
  24. https://www.bloomberg.com/profile/company/CMTL:US
  25. https://www.bloomberg.com/profile/company/SATS:US
  26. https://www.bloomberg.com/profile/company/59389Q:US
  27. https://www.bloomberg.com/profile/company/0028959D:US
  28. https://www.owler.com/company/ligado#overview
  29. https://www.bloomberg.com/profile/company/0046139D:US
  30. https://www.bloomberg.com/profile/company/568458Z:US
  31. https://www.bloomberg.com/profile/company/0663952D:US
  32. https://www.bloomberg.com/profile/company/VSAT:US
  33. https://www.bloomberg.com/profile/company/3399121Z:US

Appendix

List of abbreviations

  • CAGR: Compound Annual Growth Rate
  • FAA: Federal Aviation Administration
  • FCC: Federal Communications Commission
  • GEO: Geostationary Earth Orbit
  • US$: United States Dollar

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