The satellite communication equipment market is predicted to expand with a compounded annual growth rate (CAGR) of 8.88% throughout the forecast period to cross US$ 47 billion by 2026, a new study of Markets and Research said.

Satellite communications equipment referred to include – SATCOM Receiver, SATCOM Transmitter, SATCOM Transceiver, SATCOM Antenna and SATCOM Modem; End-use – Land SATCOM Equipment, Maritime SATCOM Equipment, Air & Space SATCOM Equipment.

Hispasat, the Spanish satellite communications operator, and Thales Alenia Space announced today that they are jointly working on a flying stratospheric balloon demonstration for 4G/5G telecom applications. The demonstration will test 4G/5G applications direct communications between smartphones and High Altitude Pseudo Satellite (HAPS) in October 2018 over the South of the Spanish territory.

Western European OTT TV episode and movie revenues will reach US$ 23.02 billion in 2023; more than double the US$ 9.84 billion recorded in 2017. Revenues for 18 countries are expected to climb by US$ 2.63 billion in 2018 alone.