Washington, D.C., June 13, 2018
Record Number of Satellites Launched as Industry Records Strong Revenue Growth in Satellite Manufacturing, Earth Observation and Broadband Services
The Satellite Industry Association (SIA) today released the 2018 State of the Satellite Industry Report at an industry briefing at the National Press Club in Washington, DC. Since 1997, SIA has released its annual analysis of the satellite industry. The 2018 industry report, produced by Bryce Space and Technology, LLC, is derived from proprietary surveys of satellite companies, in-depth public information, and independent analysis which are combined to assess the performance of key satellite industry sectors including satellite services, manufacturing, ground equipment and launch services.
A record number of 345 satellites were launched in 2017 with earth observation satellites making up 49 percent of the total. In 2017, overall satellite industry revenue grew by three percent compared with the previous year led by satellite manufacturing revenues which increased by 10 percent over 2016. In 2017, satellites services revenue increased over the previous 12 months, led by earth observation revenue which grew by 10 percent over 2016 and satellite broadband revenue which grew by five percent during the same time period.
“There is a tremendous transformation that is currently underway in the commercial satellite industry as demonstrated by the record number and type of satellites launched in 2017 and the revenue growth in manufacturing, earth observation and satellite broadband revenues,” said Tom Stroup, President of the Satellite Industry Association. “These industry trends combined with increasing capabilities of high-throughput broadband and communications satellites and the current development of new constellations demand the continued attention and care of regulators and lawmakers. An efficient regulatory environment and spectrum regime must be managed and maintained if America is to fully embrace the technological innovations offered by satellites and ensure the continued delivery of vital high speed, highly reliable, ubiquitous services to Americans both at home and abroad.”
The 2018 State of the Satellite Industry Report highlights include the following results:
To view a summary of this year’s SIA State of the Satellite Industry Report, please click HERE. To purchase a copy of the complete report or for more information please contact SIA via email at email@example.com or via telephone at 202.503.1560.
SIA is a U.S.-based trade association providing representation of the leading satellite operators, service providers, manufacturers, launch services providers, and ground equipment suppliers. For more than two decades, SIA has advocated on behalf of the U.S. satellite industry on policy, regulatory, and legislative issues affecting the satellite business.