Market Trends

Gothenburg, Sweden, September 1, 2023--According to a new research report from specialist IoT analyst firm Berg Insight, the global satellite IoT communications market is growing at a good steady pace. The global satellite IoT subscriber base grew to surpass 4.5 million in 2022. The number of satellite IoT subscribers will increase at a compound annual growth rate (CAGR) of 39.6 percent to reach 23.9 million units in 2027.

Dublin, Ireland, August 17, 2023--The global satellite communication market is projected to reach US$159.60 billion by 2030, growing at a CAGR of 9.7% from 2023 to 2030 according to new research from Research and Markets..  A surge in the demand for satellite broadband services, particularly in remote and underserved areas is a significant factor contributing to the growth of the market.

Bristol, UK,  August 1, 2023 - This latest forecast from Rethink TV is examining the adoption timeline for codecs in the media and entertainment landscape, focusing on the arrival of VVC, AV1, and eventually AV2. As well as the expected timeline, it charts the expected royalty revenues generated by the patent pools that have formed around these video compression tools, which we expect to reach US $2.4 billion in 2030.

Paris, France, August 1, 2023 - Mobile data usage continues to grow, but at a slower pace, according to new OECD broadband portal data released on 13 July. Data usage per mobile broadband subscription in OECD countries grew 17% in 2022, compared to an average annual growth rate of 29% between 2017 and 2021. Nonetheless, the volume of mobile data usage overall per subscription has doubled in four years, from 4.7 gigabytes per month to 10.4 GB in 2022.

Hong Kong, June 21, 2023 – The Asia Video Industry Association (AVIA) has released the second phase of its research into differences between advertising in premium OTT and mass streaming video environments (UGC / video sharing services).  While phase 1, completed in 2022, looked at consumer usage and attitudes towards advertising in both environments, phase 2 gauged consumer attention and recall to ads in both a premium and mass environment.  Research was conducted between January to April 2023, and conducted by Milieu Insight.

Stockholm, Sweden, June 21, 2023--During the first quarter of 2023, total 5G subscriptions reached 1.1 billion, adding 125 million and projected to reach 1.5 by the end of 2023 according to  the latest Ericsson Mobility Report.

Cambridge, Mass., June 20, 2023--NSR’s Satellite Manufacturing & Launch Markets, 13^th Edition (SMLM13) report forecasts over 32,500 missions to be ordered and to launch over the next decade, generating US$ 595 billion in revenues between 2022-2032. Revenues are expected to be propelled by higher-mass Crew and Cargo missions to LEO orbit and to the Moon, in particular as part of NASA’s Project Artemis.

by Virgil Labrador, Editor-in-Chief

Los Angeles, Calif., June 2, 2023--The Asia-Pacific (APAC) satellite market is the largest market for satellite services in the world.  Extending from the Middle East at the Eurasia border to the vast Pacific ocean, it is not a homogenous market but also the most fragmented market of all the regions in the world.   Leading research companies estimate that the APAC market can comprise up to 60 percent of the world's market for satellite services. 

New York City, NY. May 23, 2023 - The World Teleport Association (WTA) released its newest research report, Meeting the Challenge of Multilayer Connectivity. 

Paris, France, May 4, 2023 -  =With the most serious restrictions of COVID-19 now generally in the rearview mirror, leading market intelligence firm Euroconsult estimates that maritime connectivity sectors have mostly recovered from the pandemic’s influence on supply chains and vessel activity at the end of 2022. According to Euroconsult’s forecasts, maritime satellite communication operators are expected to surpass US$ 1.1 billion in revenues by 2032 at a 7% CAGR over the decade. Though some service providers will see a fall in their average revenue per unit (ARPU), total service revenues are expected to grow at a similar CAGR, falling slightly short of US$3 billion by 2032.