SIA REPORT: Satellite Industry Revenues Reach New High of $261 Billion In 2016
By SpacePolicyOnline.com // July 13, 2017
State of Satellite Industry is 'Positive'
SPACEPOLICYONLINE.COM – The Satellite Industry Association (SIA) released its annual report on the “State of the Satellite Industry” today with data on how the industry fared in 2016 compared with prior years.
SIA President Tom Stroup said 2016 “was once again a positive year,” though results for the four industry market segments varied widely. Global satellite manufacturing revenue dropped 13 percent, for example, while satellite ground equipment revenue grew 7 percent.
SIA released the 2017 report, the 20th in the series, at a press conference this morning in Washington, D.C. The report was prepared for SIA by Bryce Space and Technology.
Overall, worldwide satellite industry revenue grew by two percent in 2016 to a new high of $261 billion, up from $255 billion in 2015.
The 2 percent growth rate is less than the 3 percent in 2015, however, and not all segments fared as well as others.
Satellite services revenue was flat, satellite manufacturing revenue decreased 13 percent, launch industry revenue increased 2 percent, and ground equipment revenue increased 7 percent.
Satellite services encompass consumer services (satellite TV, radio and broadband), fixed satellite services (transponder agreements and managed network services including in-flight services), mobile satellite services, and earth observation services.
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