Satellite Industry Accounts for 74% of Global Space Economy August 11, 2020 Satellite is Essential false With all the renewed attention around space these days – from colonizing Mars to launching a new U.S. Space Force – it’s easy to lose sight of the scale and scope of the satellite industry. The latest “State of the Satellite Industry” Report from the Satellite Industry Association (SIA) shines a spotlight on this essential industry. Here are three facts from the annual study that offer some perspective on the impact of the satellite industry. 74% of space industry revenues worldwide – tallied well before the nascent LEO constellations have entered operation – comes from the satellite industry. Ground equipment accounts for nearly half of that (48%) – or $130.3B. Technology innovations in VSATs and gateways drove faster throughput speeds and data capacity, enabling new service capabilities and contributing to a 19% growth in revenue for the broadband industry. Tom Stroup, president of SIA, remarked: “Throughout 2019, technology innovation and lower costs of manufacturing and deploying satellites continued to increase the value proposition and the importance of the commercial satellite industry.” He added that the satellite industry is uniquely positioned to deliver “the truly ubiquitous, high quality and reliable communications” and other services in demand around the world—a fact on full display during the COVID-19 pandemic. To see a summary of the State of the Industry Report findings or to order the full report, visit the SIA website. Categories See All Satellite is Essential (55) Connecting the Unconnected (53) Company News (42) JUPITER System (33) HughesNet (27) HughesON Managed Networks (18) SD-WAN (17) Podcast (17) Community Wi-Fi (16) Emergency Communications (13) Mobility (13) Interoperability (12) Cellular Backhaul (11) Popular Blogs Building Dynamic and Secure Networks with James Clevenger on StateScoop RadioAug 31, 2021 Hughes ayuda a acelerar la conectividad rural en ColombiaSep 12, 2021 Deep in the Amazon, HughesNet Provides ConnectivitySep 15, 2021 Satellite Enabled Voice Services Save Idaho Property and Many Acres from WildfireSep 29, 2021 SATELLITE 2021 Show TakeawaysSep 27, 2021 Related Posts See All 5 for 50: Milestones in Mobility Bhanu Durvasula, Vice President, International Division October 26, 2021 Global Industry Thought Leaders Push for Action to Preserve Space as a Resource October 20, 2021 5 for 50: Five Industries Impacted by Hughes Technologies and Services September 28, 2021 SATELLITE 2021 Show Takeaways September 27, 2021 Satellite Enabled Voice Services Save Idaho Property and Many Acres from Wildfire September 29, 2021 ENJOY THIS POST? Provide your email below to receive a monthly round-up of what’s happening in the world of connectivity! First Name Last Name Email Company Campaign ID CAPTCHA This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.