SIA Report: Satellite Industry Leads Global Space Economy July 19, 2021 Satellite is Essential , Connecting the Unconnected , Mobility false The latest “State of the Satellite Industry” Report from the Satellite Industry Association (SIA) reveals continued strength and growth in the global space economy in 2020, despite the pandemic. The industry’s investment in technology and innovation led to improved affordability and productivity, enabling new capabilities, and opening up new markets. The commercial satellite industry in particular saw record-setting growth in the number of satellites launched. Here are four takeaways from SIA’s 24th annual report: Satellite Industry Global Revenues (2020)Global space economy grew 1.4% to $371B from 2019 to 2020. Satellite industry accounts for 73% of space economy revenues worldwide. Ground equipment segment grew to $135.3B in total revenue for the year – reflecting the rise in consumer broadband, on-the-move connectivity, and satellite-enabled smartphones and other devices. Satellite broadband revenue grew by 10 percent during 2020 to $2.8 billion due to technology innovations that increased data capacity and number of subscribers. As we reach the half-way point in the year, these trends continue. According to SIA, the industry has already launched 1,200 satellites in the first half of 2021, matching the total number launched during all of 2020. To view the executive summary of this year’s SIA State of the Satellite Industry Report, click HERE. SIA members receive a complimentary copy of the annual report.  https://sia.org/wp-content/uploads/2021/06/SSIR21-Executive-Summary-2-P… Categories See All Connecting the Unconnected (49) Satellite is Essential (47) Company News (42) JUPITER System (29) HughesNet (25) HughesON Managed Networks (18) SD-WAN (16) Podcast (15) Community Wi-Fi (15) Emergency Communications (12) Interoperability (11) Cellular Backhaul (10) Mobility (8) Popular Blogs HughesNet Named Best Satellite Internet Service, Meets Increased Demand in More PlacesMay 7, 2021 Hughes India Enables Access to Vital Banking ServicesMay 11, 2021 OneWeb Gateways Require Complex Hughes Engineering May 19, 2021 Better Satellite World Podcast: Space for All, Season 2 - The Rural ImperativeMay 24, 2021 The Future of ConnectivityJun 9, 2021 Related Posts See All The Divide Podcast: The role of satellite broadband in closing the digital divide July 22, 2021 Defining Moments in Hughes 50 Year History July 23, 2021 How Hughes Fosters a Culture of Continuous Innovation July 23, 2021 Upcoming 3GPP Release 17 to Include Satellite in Global 5G Standard June 22, 2021 Peru School System and HughesNet Connect Students to Educational Resources June 15, 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.