Americas Markets - Market Trends
The Market for Commercial Satellite Imaging was valued at US$ 3.8 Bn in 2022 and is projected to reach US$ 7.0 Bn by 2031, expanding at a compound annual growth rate (CAGR) of 7.6% between 2023 and 2031.
A report published by leading space consulting and market intelligence firm, Euroconsult, focusing on In-Flight Connectivity (IFC) for air travel has highlighted a second consecutive year of strong growth, with over 36,000 commercial and business aviation aircraft now equipped with onboard internet access.
Global FAST revenues for TV series and movies will reach $17 billion in 2029, up from $8 billion in 2023. The US will contribute 38% to the 2029 total; down from 56% in 2023.
Global FAST revenues will increase by $9.4 billion between 2023 and 2029, with the US supplying $2.1 billion in additional revenues to reach $6.5 billion.
By 2029, the US will be the only country generating more than $1 billion in FAST revenues. The UK and Canada will be close to $1 billion, with these three countries taking nearly half of the world’s total.