In its latest research titled, “Satellite Connectivity and Video Market,” Euroconsult revised its forecast to account for the impact of COVID-19. The pandemic has deeply impacted maritime and in-flight connectivity demand, and to a lesser extent other segments such as enterprise networks. It remains to be seen how long those markets will take to recover.
Asia-Pacific - Market Trends
The Global Airborne Satellite Communications market is expected to reach US $9.80 billion by 2027 growing at a CAGR of 6.6% during the forecast period according to Research and Markets. Rise in long-haul flights and traveller traffic and raise in the number of high-throughput satellites are the major factors propelling the market growth. However, factors such as ultra-compact SATCOM terminals for tactical UAVs and need to improve passenger experience are hampering the market growth.
The pay TV world has some new kids on the block to reckon with, and needs to reconcile itself with the fact that it could be heading into its sunset years. A new generation of consumers is emerging that is ever more likely to never take a TV service, and we’re looking at a market that looks set to eventually stray away from even fixed-line broadband and telephony.
In the 6th edition of its latest research titled “Prospects for the Small Satellite Market,” Euroconsult forecasts that two mega-constellations will account for half of the smallsats to be launched between 2020 and 2029, yet only account for one fifth of the total smallsat market value due to economies of scale, mass manufacturing and batch launches.
The satellite manufacturing and launch systems market is poised to register a CAGR of more than 3.5%, during the forecast period 2020-2025 according to Research and Markets.
The commercial aviation industry’s rebound from COVID-19 is underway, with the number of airline flights starting to gradually increase, but widespread recovery could take several years. This is the consensus from a major industry poll conducted as part of FlightPlan: Charting a Course into the Future, an online broadcast by Inmarsat and the Airline Passenger Experience Association (APEX). Despite bracing for a slow recovery, the poll reveals a sense of optimism for the industry’s future, with digitisation expected to drive the return to profitable growth.
According to a recent global survey of broadcasters, 82% believe that cellular networks like 5G will eventually replace traditional broadcast distribution like DTT/DTV and satellite as the preferred way to access TV content, with over a third (37%) of these respondents expecting this to begin happening within 1 to 2 years.
A new study of the online content viewing behaviour of Indonesian consumers, has found a massive 55% reduction in consumers accessing piracy websites over the past ten months. The survey commissioned by the Asia Video Industry Association’s Coalition Against Piracy (CAP) and conducted by YouGov, found that 28% of online consumers currently use piracy streaming websites or torrent sites to access pirated content, far less than the 63% from a similar survey conducted in September 2019.
NSR’s Land Mobile via Satellite, 8th Edition, released today, finds that satcom land mobile markets continue to have a strong future, with over 750,000 new in-service units coming over the next decade, across 9 distinct applications. Many of these units will trend towards higher ARPU levels with enhanced revenue prospects, despite a near-term COVID-19 revenue dip. Connected vehicles play a major role in long
Amid the COVID-19 crisis, the global market for Maritime Satellite Communications estimated at US$ 2.8 Billion in the year 2020, is projected to reach a revised size of US$ 4.6 Billion by 2027, growing at a CAGR of 7.7% over the period 2020-2027 according to Research and Markets.