NSR’s Commercial Satellite Ground Segment, 4th Edition (CSGS4) report, released today, forecasts global annual revenues for the Commercial Satellite Ground Segment to grow to $14.4 billion annually by 2028, with $145 billion in cumulative revenue over the next decade. Despite turbulence in the video market, Satellite TV continues to generate the largest volumes, pushing STBs (Set-top Box) and antennas to capture the biggest share of revenues.
Handheld telephones are a traditional, legacy of mobile satellite service, with these devices long used for remote satcom communications. However, in recent years, growth of handhelds has flatlined, driven by increased terrestrial connectivity, new alternatives and more versatile devices. With the market undergoing increasing change, the L-band land mobile market of the past isn’t the.
Growth will remain modest across the traditional land mobile market; however, there is significant upside potential to connect vehicles — most notably buses, trains and cars with high speed, always on connectivity combining IoT type applications with in-vehicle hotspot internet. While cars have the greatest addressable market, connected trains and buses are a much surer.