Worldwide TV shipments are riding high, ending 2018 with the strongest growth rate this decade, with value up by 6%, according to a new market report from Futuresource Consulting. The report also reveals that 8K shipments, despite major obstacles, will grow considerably from 0.2 million units in 2019, with 130% CAGR through to 2023, as brands get behind the technology.

As worldwide TV household penetration is quite saturated, the flat panel TV market has been driven by consumer adoption of TVs with higher resolution, larger screen size, and connected and integrated applications and services.  While flat panel TV makers have announced 8K TV sets, it is the 4K TV market that will continue to grow to cement its place as the mainstream TV format over the next few years. ABI Research, a global tech market advisory firm, forecasts that 4K flat panel TV shipments will grow at 13% CAGR to reach 233 million in 2024.

For a technology launched in the 1980s, VSATs have shown a remarkable ability to adapt and thrive. In fact, they are on a growth curve that, according to NSR, will create cumulative market revenue of $159 billion over the next decade. Maritime is forecast to lead the pack with a 16% CAGR to 75,000 VSAT-enabled vessels by 2028.

Three-quarters of the world’s pay TV operators will gain subscribers between 2018 and 2024. Covering 505 operators across 135 countries, the Global Pay TV Operator Forecasts report also estimates that two-thirds will increase their revenues over the same period.

Simon Murray, principal analyst at Digital TV Research, said the top 50 operators accounted for two-thirds of the world’s pay TV subscribers by end-2018, with this proportion not expected to change over the next five years. The top 10 operators took 45% of the total by end-2018.

A new research has revealed that the Global Optical Satellite Communication market accounted for $291.32 million in 2017 and is expected to reach $2,861.89 million by 2026, growing at a CAGR of 28.9% during the forecast period.

Increasing usage of high network bandwidth, rising the adoption of various advanced technology, and high growth in emerging countries are some of the factors fuelling market growth. However, over-crowding of available bandwidth is restricting the market growth, says Research and Markets, which did the study.

According to Euroconsult's latest report, Prospects for Maritime Satellite Communications, the maritime connectivity market continues to be vibrant, as shipowners transition to the next level of broadband connectivity. The merchant, passenger and leisure segments have all been supporting growth in revenues and capacity usage, while a rebound on oil pricing would accelerate the offshore segment. In addition to capacity, an increasing focus is on the supply of value-added services and on the outsourcing of daily operations by shipping companies.

Three-quarters of the world’s pay TV operators will gain subscribers between 2018 and 2024. Covering 505 operators across 135 countries, the Global Pay TV Operator Forecasts report also estimates that two-thirds will increase their revenues over the same period.

Simon Murray, principal analyst at Digital TV Research, added: “The top 50 operators accounted for two-thirds of the world’s pay TV subscribers by end-2018, with this proportion not expected to change over the next five years. The top 10 operators took 45% of the total by end-2018.”

Middlesex, UK, June 6, 2019--Global online TV episode and movie revenues will reach US$ 159 billion in 2024; more than double the $68 billion recorded in 2018. About $17 billion will be added in 2019 alone according to a new report entitled "Global OTT TV and Video Forecasts," published by Digital TV Research.

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