Sunday, December 10, 2023
HomeIndustry Reports, Papers and e-BooksState of the Satellite Industry - Global Data from 2021 (July 2022)

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

https://brycetech.com/download.php?f=SIA_SSIR_2022.pdf

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.
YOU MIGHT LIKE

WEEKLY NEWSLETTER

Subscribe to our weekly newsletter. Sent every Monday morning. Quickly scan summaries of all articles published in the previous week.

Most Popular

Featured

Essentials