From 31 May to 3 June, Singapore is hosting Asia Tech x Singapore (ATxSG), Asia’s flagship technology event that convenes global leaders and decision-makers across the technological ecosystem to debate and address opportunities and challenges as the world taps into the potential of digital to power the next bound of global economic growth while building an inclusive digital future.

ilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), today reported its results for the first quarter, ended March 31, 2022 with revenues of US$ 51.4 million up 19% year-over-year.

First Quarter 2022 Financial Highlights

Although Asia Pacific is traditionally referred to as a mobile-driven region, the pandemic accelerated the importance taken by larger screens in the region, and 110 million additional pay TV subscriptions are expected to be observed in the next 5 years according to Dataxis.

Hellas Sat, a premium leading satellite operator based in Greece, awarded SpaceBridge, Canadian corporation designer and manufacturer of broadband satellite communications systems, the end-to-end VSAT project, consisting of the two VSAT Platforms that will provide fully encrypted satellite communication hybrid platform, simultaneously supporting the Star & Mesh network topology. SpaceBridge will provide two fully redundant Teleports and User Terminals to serve important and critical locations for Hellas Sat end customers.

A nascent but growing set of on-orbit space services, to be articulated as a space logistic ecosystem from launch to satellites’ end of life, are being developed by more than 50 companies. According to Euroconsult’s 1st edition of Space Logistic Markets report, this diverse set of on-orbit services is expected to generate US$ 4.4 billion by 2031.

Leichtman Research Group, Inc. (LRG) found that the largest pay-TV providers in the U.S. – representing about 93% of the market – lost about 1,955,000 net video subscribers in 1Q 2022, compared to a pro forma net loss of 1,910,000 in 1Q 2021, and 1,960,000 in 1Q 2020. 

AVOD revenues for TV series and movies will reach US $70 billion in 2027, up from US$ 33 billion in 2021. 13 of the 138 countries covered will generate more than $1 billion in 2027, up from only five countries in 2021 according to Digital TV Research.