The satellite industry grew by 2 percent last year to generate $260 billion in worldwide revenue.
The Satellite Industry Assn. released its annual satellites report July 11, detailing its findings at an industry briefing in Washington, D.C.
The trade group — which bills itself as a “forum to discuss issues and develop industrywide positions” — has been publishing a report on the global satellite industry for 20 years. The latest report was produced by Bryce Space and Technology LLC.
The report is based on data culled from surveys of satellite companies and public sources. The consultancy’s independent analysis focuses on key industry sectors including satellite services, ground equipment, launch services and manufacturing.
“Satellite services remains the largest industry segment, with consumer services including satellite TV, radio and broadband remaining the primary revenue generator,” the association reported.
Satellite services — representing almost half of the industry worldwide revenue haul — took in a total $127.7 billion in 2016. Consumer services contributes $104.7 billion of that.
Global earth observation and remote sensing services revenue also showed “significant” growth, climbing some 11 percent, the trade group noted.
Revenue from satellite ground equipment increased 7 percent year-over-year. The segment’s surge was driven in large part by growth connected to satellite navigation, or military aviation photography, while chipset sales supporting location-based services and devices also contributed.