Connections +
News

Healthy growth projected for commercial communications satellite market

Forecast International projects that the commercial communications satellite market will be worth US$52.7 billion from 2012-2021. According to "The Market for Commercial Communications Satellites" study, which tracks some 49 satellite...


June 28, 2012  


Print this page

Forecast International projects that the commercial communications satellite market will be worth US$52.7 billion from 2012-2021. According to “The Market for Commercial Communications Satellites” study, which tracks some 49 satellite production programs, 419 individual communications satellites will be produced during that timeframe.

The study notes that high-speed broadband Internet, digital television and video broadcasting, and government services are currently major areas of growth for the commercial communications satellite industry. The analysis notes that demand will be especially strong in developing markets such as Eastern Europe, North Africa, the Middle East, Latin America, and Asia.

William Ostrove, Forecast International space systems analyst and author of the study, said that a lack of terrestrial networks and the rapid growth in demand for communications services in these areas of the world is driving this demand.

Demand for broadband Internet by satellite operators is particularly acute in rural areas, where high-speed Internet demand isn’t high enough to justify the cost of laying miles of cable, the research firm noted.

The top manufacturers in the commercial communications satellite industry during the next 10 years will be Space Systems/Loral, Thales Alenia Space, EADS Astrium, Boeing and Lockheed Martin.