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State of the Satellite Industry – Global Data from 2021 (July 2022)

The Satellite Industry Association (SIA) released its 25th annual State of the Satellite Industry Report, a study of the satellite industry performance. The report, produced by Bryce Tech, provides an overview of 2021 activity derived from proprietary surveys, in-depth public information, and independent analysis.

Highlights from the report:

  • Global revenue of the satellite industry totaled $279 billion USD in 2021, 72% of the .
  • A record number of were launched into space in 2021, driven by the deployments of broadband .
  • Satellite industry revenue increased 3% in 2021, driven by growth across all segments.
  • innovations drove the deployment of more capable, lower-cost satellites, faster throughput speeds, and increased Satcom capacity.
  • The availability and quality of commercial satellite imagery improved along with an increase in provider options.
  • Satellite ground equipment revenues also increased, driven by hardware.
  • Launches are becoming more affordable with increased activity, launch choices, and opportunities.
  • The U.S. continues to lead the industry in both satellite and launch service revenues.
  • Satellite servicing is gaining momentum: second commercial life extension mission launched in 2020. Increasing use of innovative post-launch deployment services.


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