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 $1 billion in 2027, up from only five countries in 2021 according to Digital TV Research.
Asia-Pacific - Market Trends
In its 10th year, NSR’s landmark Land Mobile via Satellite (LMvS10) report finds a significant revenue migration underway from narrowband to broadband applications. Though currently dominated by narrowband services, connected vehicles and High Throughput Satellite (HTS) Comms on the Pause (COTP) services are positioned as the fastest growing satellite land mobile sector markets through the decade.
NSR’s newly released Cloud Computing via Satellite, 3rd Edition sees Cloud Service Delivery via Satellite positioned to generate US$ 32 Billion, with 240+ Exabytes of Traffic, by 2031. The impending wave of LEO, MEO, and GEO-HTS satcom and data services is set to boost long- term cloud adoption, significantly enhancing market engagement opportunities.
The global military satellite market is expected to grow from US$ 52.28 billion in 2021 to US$ 54.83 billion in 2022 at a compound annual growth rate (CAGR) of 4.9%. The market is expected to reach US$ 63.116 billion in 2026 at a CAGR of 3.6% according to new Research from Research and Markets.
Highlights of the report include:
The Satellite ground equipment market is projected to grow from US$ 22 billion in 2021 to US$ 53.7 Billion by 2026, at a Compounded Annual Growth Rate (CAGR) of 19.6% according to Research and Markets. Satellite equipment is an integral part of the communication in the commercial and defense industries.
These are exciting times for those following the 25-year-old satellite IoT market developments. Currently, we see more than 40 Sat-IoT networks (according to Berg Insight 2021) that are commercially available in the market or on the verge of being launched, and the number of new announcements of satellite IoT constellations is still growing.
The Pay-TV services revenue in China is expected to grow at a sluggish compound annual growth rate (CAGR) of 0.6% from US$35.1bn in 2021 to US$36.2bn in 2026, due to a steady decline in cable TV subscriptions and drop in overall pay-TV average revenue per subscription (ARPS), according to analytics firm GlobalData.
An analysis of GlobalData’s China Pay-TV Forecast indicates that cable TV subscriptions are expected to decline at a CAGR of 0.9% between 2021 and 2026 while the average monthly spend per pay-TV account will drop from $5.43 to $5.20 over the same period.
The SATCOM on the move market is projected to grow from USS 17.7 Billion in 2021 to US$ 42.8 Billion by 2026, at a CAGR of 19.3% according to Research and Markets.
SATCOM equipment is an integral part of the communication in commercial and defense industry. The SATCOM on the move market is dominated by a few globally established players such as Thales Group (France), L3Harris Technologies (US), Honeywell International Inc. (US), Hughes Network Systems (US), Viasat, Inc. (US), among others.
The electric propulsion satellite market and according to this report it is poised to grow by US$ 12.27 Billion during 2021-2025, progressing at a CAGR of 14.95% during the forecast period according to Research and Markets.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing preference for hosted payload and cost-effective solutions.
Key Highlights