Market Trends

Global UAV Satellite Communication Market Forecast 2024-2030

Dublin, Ireland February 8, 2024 - The UAV Satellite Communication Market size was estimated at USD 6.29 billion in 2023, USD 6.58 billion in 2024, and is expected to grow at a CAGR of 6.39% to reach USD 9.71 billion by 2030 according to Research and Markets.

Global SATCOM On-The-Move Market Forecast 2023-2030

Dublin, Ireland, February 1, 2024--The SATCOM On-The-Move Market size was estimated at USD 22.43 billion in 2022, USD 25.30 billion in 2023, and is expected to grow at a CAGR of 15.22% to reach USD 69.72 billion by 2030 according to Research and Markets.

Parks Associates: Nearly 50% of Streaming Video Industry Executives Do Not Have the Data They Need to Make Good Business Decisions

Dallas Tex, February 1, 2024-- New Parks Associates research, conducted in partnership with SymphonyAI's media division, finds that even as streaming becomes the primary means for video consumption, 47% of executives in the streaming industry are lacking the data needed to make good business decisions. The custom research, summarized in the newly released report Streaming Content Performance: Executive Insights | 2024 State of the Market, finds consensus that data on content performance, revenue, and audience engagement is key to successful services, but current fragmentation in the market makes it difficult for companies to collect and aggregate the information needed.

At CES® 2024, Parks Associates Announces New Research Showing Average Number of Connected Devices per US internet household reached 17 in 2023

Las Vegas, Nevada, January 11, 2024 - Parks Associates today announced new research at CES® 2024, from its quarterly consumer research of 8,000 US internet households, finding the average number of connected devices per US internet household reached 17 in Q3 2023.

Middle East's Space Sector Surges: White Paper Unveils $75 Billion Projection by 2032

Paris, France, January 8, 2024--Euroconsult, a global strategy consulting and market intelligence firm specialized in the space sector and satellite-enabled verticals, has launched its latest white paper, "Beyond the Stars: The Middle East’s Space Ecosystem on the Move." This in-depth analysis reveals the astounding growth potential of the Middle East's space sector, projecting a monumental surge to US$ 75 billion by 2032, reshaping the global space narrative.

Africa to Add 12 million Pay TV subs

London, UK, January 7, 2024 -- The number of pay TV subscribers in Africa will climb by 12 million between 2023 and 2029. This means an extra 7 million pay satellite TV subscribers and 5 million more pay DTT homes according to Digital TV Research.

Just 5% of US Internet Households Have Only a Pay-TV Service

Addison, Tx., January 4, 2024--Parks Associates’ latest update of the firm’s Streaming Video Tracker reveals that just 5% of US internet households have only a pay-TV service, indicating legacy pay-TV companies continue to lose subscribers to streaming video services. However, the average annualized industry churn rate for streaming services is 50%, meaning many streaming services are also struggling to keep their customers.

New Historic High for Government Space Spending

Paris, France, December 19, 2023 -Space consulting and market intelligence firm Euroconsult has released the 23rd edition of its annual Government Space Program report confirming the growing financial efforts achieved by governments in the space sector. Keen to capitalize on the expanding space economy and to further strengthen their sovereign capabilities, government space expenditures have increased to US$ 117 billion, a 15% increase compared to last year.  

Commercial Satellite Imaging Market to Reach US$ 7 Bil. in 2031

Maharashtra, India, December 18, 2023 - The Market for Commercial Satellite Imaging was valued at US$ 3.8 Billion in 2022 and is projected to reach US$ 7 Billon by 2031, expanding at a compound annual growth rate (CAGR) of 7.6% between 2023 and 2031 according to Adroit Market Research.

Four Tons of Satellites to be Launched Daily by 2032

Paris, France, December 12, 2023--Euroconsult  announced the release of its highly anticipated 26th edition flagship report, "Satellites to be Built and Launched. This edition forecasts an average of over 2,800 satellites launched annually – equivalent to 8 satellites per day and totaling a mass of 4 tons - between 2023 and 2032. The report sheds light on the long-term dynamic of the satellite market, emphasizing sustained demand, the concentration of NGSO constellations, and the seismic shifts caused by a handful of mega constellations, with a particular focus on the short-term bottleneck faced by established vendors.