The satellite communications market has seen significant changes across its value chain, bringing forth new technological innovations that include flexible satellites and more specifically, Software-Defined Satellites (SDS). Geostationary Earth Orbit (GEO) satellite operators have been compelled to respond to increased competition amidst these market shifts. One approach is to optimize the utilization of GEO satellites; however, the rigidity and fixed capacity of traditional GEO satellites is a notable constraint. Therefore, the advent of flexible satellites presents an attractive solution to a variety of problems.

The market for Flat Panel Satellite Antennas (FPA) has been experiencing growing in the last five years and existing and companies are planning to compete for the multi-orbital antenna market. As we observed during the Satellite 2024 Exhibition and conference  in Washington, D.C.  held last month, we found more than 20 companies showing flat panel satellite antennas in the show floor for the major markets that include aeronautical, terrestrial and maritime & broadband for mobility/fix applications and focus in the end user market, enterprise and government and military. 

NovaSpace, formerly Euroconsult, leading space consulting and market intelligence firm, is forecasting that the worldwide launch rate for defense and dual-use satellites will jump by 160% over the coming decade.

The Satellite Communication Market in the Defense is expected to grow from USD 5.55 billion in 2024 to USD 7.76 billion by 2029, at a CAGR of 6.93% during the forecast period (2024-2029).

In a cruel twist of irony, subscriptions are becoming ever-more essential to the survival of AVoD platforms. The stalwarts of internet video are set to bring in over $546 billion in revenue over the next five years, but the ad-supported business model which many of these platforms pioneered is clearly serving them no longer.

The Optical Satellite Communication Market size was estimated at USD 2.30 billion in 2023, USD 2.75 billion in 2024, and is expected to grow at a CAGR of 20.27% to reach USD 8.38 billion by 2030.

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Western Europe will lose nearly 9 million pay TV subscribers between 2023 and 2029 to reach 93 million – down by 8%. This is nowhere near as bad as the US as pay TV penetration will still be 53% by 2029 – down from 58% in 2023 according to Digital TV Research.

The UAV Satellite Communication Market size was estimated at US$ 6.29 billion in 2023, US$ 6.58 billion in 2024, and is expected to grow at a CAGR of 6.39% to reach US$ 9.71 billion by 2030 according to new research from Research and Markets.

North American OTT TV episode and movie revenues will reach US$ 100 billion in 2029; up from US$ 81 billion in 2023. The US will contribute US$ 16 billion from the US$ 19 billion additional revenues, with Canada supplying the rest. US revenues will be $92 billion in 2029 according to Digital TV Research.