The satellite industry posted a 3 percent uptick in worldwide revenue last year, climbing to $208.3 billion, according to a trade group report.
Some 43 percent of the global haul came from U.S.-based companies, the Satellite Industry Association said in its State of the Satellite Industry annual report, released June 2.
On a worldwide basis, the satellite services and satellite manufacturing segments each saw 4 percent boosts in annual revenue during 2015. Ground equipment companies reported a collective 1 percent revenue increase last year, while launch services absorbed a 9 percent annual decline.
Meantime, the number of operational satellites continued to climb markedly, to a total 1,381 by year end. That represented a big 39 percent leap from five years earlier. The report found that miniature satellites, or CubeSats, drove much of the growth during that span, with increasing numbers of mini-sats launched each year in a variety of research and commercial missions.
The industry report was prepared by the Tauri Group, a space and defense consultancy based in Alexandria, Va.