US: Market research firm, Research and Markets has announced a report on Global Satellite Market featuring Trends & Opportunities from 2015-20. The report named “Global Satellite Market: Trends and Opportunities 2015-2020” analyzes the potential opportunities and significant trends in the global satellite manufacturing, satellite services, and satellite ground equipment markets.
The report also provides a detailed analysis of the market size and segmentation of the satellite industry with regional focus on the United States satellite market. It assesses the market share of the satellite industry based on certain parameters like segmentation, operational function and orbital launch.
The report profiles and analyzes the business strategies of the leading companies operating in the segment such as Intelsat S.A., Eutelsat Communications S.A. and SES S.A. Developed Western economies like the United States and several countries of Europe have maintained positive momentum in the satellite industry.
Demand for high-definition TV conversion, direct to home (DTH) television and intercontinental transmission is projected to drive growth in developed economies. Further, the growth of the satellite industry is significantly higher in the Middle East and North Africa as compared to rest of the world.
Major market constraints are competition from fiber optical cable, capital intensive business, spectrum access risk and technology risk. Key trends prevailing in the market includes use of hybrid DTH and terrestrial broadband concept and prevalence of mobile broadband in markets in Asia.