Euroconsult has released its “Satellites to be Built & Launched” report for 2021, the latest edition in a series that has consistently set the industry benchmark for analysis of the satellite market. The 17,000 satellites expected to be launched in the next ten years represents a fourfold increase over past decade, reflecting structural changes in the whole space ecosystem and a limited short-term impact of the pandemic.

New data from the International Telecommunication Union (ITU), the United Nations specialized agency for information and communication technologies (ICTs), ​​​​showed that an estimated 37 per cent of the world's population – or 2.9 billion people – have still never used the Internet.

The Satellite Transponder Market was valued at US$ 17.01 billion in 2020 and is expected to reach US$ 23.19 billion by 2026, at a CAGR of 5.3% over the forecast period 2021 - 2026 acording to new reserach from Research and Markets. Satellite transponders are minor chip size circuits that are integrated into satellites for the purpose of transmitting the uplink data or information to the downlink and vice-versa.

The Satellite Communication (SATCOM) Equipment Market is projected to grow from US$ 22.0 billion in 2021 to US$ 53.7 billion by 2026, at a CAGR of 19.6%. SATCOM equipment is an integral part of the communication in commercial and defense industries according to new research from Research and Markets.

The deployment of low earth orbit (LEO) satellites and constellations of satellites for communications applications has increased their demand across the globe.