The Satellite Industry Association (SIA) released its 23rd annual study of satellite industry performance. The report, produced by Bryce Space and Technology, provides an overview of 2019 activity derived from proprietary surveys, in-depth public information, and independent analysis.
Highlights from the report:
- A record number of satellites were launched into space in 2019.
- Global revenue of the satellite industry totaled $271 billion USD in 2019, which is 74 percent of the space economy.
- Technology innovations drove the deployment of more capable, lower-cost satellites, faster throughput speeds, and increased Satcom capacity. Satellite radio, broadband, managed network, and commercial remote sensing revenues increased.
- The industry saw increased availability, choices, and quality of commercial satellite imagery.
- Satellite ground equipment revenues also increased, driven by GNSS-enabling hardware.
- Launches are becoming more affordable with increased launch activity, launch choices, and rideshare opportunities.
- The U.S. continues to lead the industry in both satellite manufacturing and launch service revenues.
The full version of the study includes a COVID-19 impact special report.
For more top-level global satellite industry findings, download the SIA report summary.