Home News Business Global satellite industry revenue touches 177.3 bn: SIA

Global satellite industry revenue touches 177.3 bn: SIA

Washington, D.C., US: The Satellite Industry Association (SIA) released its 2012 State of the Satellite Industry Report. The report shows 5 percent growth in the global satellite industry revenues in 2011. Globally, 2011 revenues for the satellite industry totalled USD 177.3 billion.

This is the fifteenth year that SIA has commissioned the Futron Corporation to conduct this annual survey. Futron polled over 80 satellite companies, both SIA members and non-members, to assess the performance of four satellite industry sectors: satellite services, satellite manufacturing, satellite launch industry and ground equipment.

“The global satellite industry posted notable growth in 2011, a strong showing in light of the worldwide economic environment,” noted Patricia Cooper, President of SIA. “All four industry sectors grew, led by satellite services, which continues to be the primary demand driver for satellite manufacturing, launch industry, and ground equipment activity. Worldwide satellite industry revenues have shown an average annual growth rate of 9 percent over the past five years, demonstrating the ongoing resilience of the industry.”

The 2011 State of the Satellite Industry Report found the following results:
1) Satellite Services revenues increased by 6 percent globally from 2010 to 2011, reaching USD 107.7 billion, powered by continued growth in consumer satellite television services.
2) Satellite Manufacturing revenues, reflecting in-year satellites launched, grew by 9 percent worldwide to USD 11.9 billion, compared with the USD 10.8 billion earned in 2010.
3) The US satellite manufacturing increased by 10 percent, from USD 5.6 billion to USD 6.2 billion.
4) Satellite Launch Industry revenues, reflecting in-year launches, increased by 10 percent, with the US revenues increasing from USD 1.2 billion to USD 1.9 billion.
5) Satellite Ground Equipment revenues continued to increase, growing 2 percent over 2010 to reach USD 52.8 billion. Consumer ground equipment, including satellite TV, satellite broadband, mobile satellite terminals and GPS devices, constituted the bulk of these revenues.
6) The US Satellite Industry Employment decreased by 1 percent in the first three quarters of 2011, a net loss of 2,169 jobs. The pace of job losses slowed compared to the prior year, which saw a 2.7 percent drop in the US satellite industry employment.

The SIA will release updated employment numbers in August 2012, when the US Bureau of Labor Statistics issues 4Q 2011 employment data.

Source: SIA