Commercial Space Products and Services
Satellites in geostationary orbit are capable of broadcasting signals over very large areas, making them ideal for distribution of television and radio signals around the world. Digital TV Research Limited, a market research firm, estimated that global satellite television revenues would overtake global cable television revenues in 2015. Satellite television is the largest contributor to the commercial space products and services category, making up 77% of this sector.
The geolocation and navigation sector makes up the largest portion of commercial space products and services, with estimated 2015 revenues of €74.71 billion (US$83.3 billion), according the European Global Navigation Satellite Systems Agency (GSA). As calculated in euros by GSA, this is 12.0% more than the €66.71 billion (US$91.3 billion) in revenue seen in 2014. Geolocation…
The commercial remote sensing industry was estimated at $2.47 billion in 2015. Market research firm Northern Sky Research expects this to grow to $4.5 billion by 2024. Much of this growth will be driven by the information products segment of the industry, which is taking advantage of higher resolution imagery and big data analytics products.
Operators of communication satellites lease satellite capacity to satellite broadcasting companies, making the provision of these services possible. For example, DISH Network accounted for nearly a third of Hughes Network’s total revenue in 2015. Satellite communications also include two-way data, voice, and video connections. Revenues for the satellite communications segment in 2015 were…
Earth observation (EO), remote sensing (RS), and satellite imagery services constituted ## of the nearly ## satellites successfully launched and deployed during 2014. The most recent estimate provided by consulting firm Northern Sky Research (NSR) showed EO service revenues climbing to an estimated $## billion in 2013. Overall growth has slowed, dropping below the CAGR achieved by the EO market from 2007 to 2012. The largest revenue growth occurred in defense and intelligence, but services—including insurance, tourism, and news media applications—grew at the fastest rate. In late 2014, NSR predicted the satellite EO market would grow to $## billion by 2023.
Satellite communications segment revenues for 2014 rose slightly to $## billion, ##% higher than the $## billion in revenue for 2013. Although broadcasts from satellites are a form of satellite communications, for the purposes of this report satellite communications are two-way transmission links between users and the satellites themselves. The links transmit data, voice, and video—although the distinction between…
DTH television continues to be the biggest single revenue contributor in the commercial space products and services market, providing ##% of the market’s revenues in 2014, estimated at $## billion. Two U.S. DTH providers, DIRECTV and DISH Network, earned ##% of 2014’s total estimated DTH television revenues. Combined, the total revenue for the two companies increased by #%, from $## billion in 2013 to $## billion in 2014. The remaining $## billion was generated by DTH providers in other regions.
Revenue growth slowed for commercial space products and services in 2014, with total revenue rising only ##% from 2013 to an estimated $## billion. Four primary business segments generate revenues within the commercial space products and services sector: direct-to-home (DTH) television, satellite communications, satellite radio, and Earth observation (EO). The satellite broadcast services—DTH television and satellite radio—make up ##% of the commercial products and services sector, with DTH television bringing in the largest share of 2014 revenue. DTH revenue grew to $## billion in 2014, up ##% from $## billion in 2013.
More than ## billion smartphones incorporated location-based services (LBS) and applications in 2014, making these devices the most popular positioning, navigation, and timing (PNT) tools on the market. A recent market assessment provided by the European GNSS Agency (GSA) noted that the non-smartphone portion of the total ## billion PNT devices tended to be more specialized in nature, providing tools for surveying, transportation, agriculture, and infrastructure activities.