Global Market for Satellites Related Products and Services to Reach US$219.6 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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Global Market for Satellites Related Products and Services to Reach US$219.6 Billion by 2015, According to New Report by Global Industry Analysts, Inc. (February 03, 2012)

San Jose, California (PRWEB) February 03, 2012

Follow us on LinkedIn Technology developments have transformed the global satellite industry over the years from what was earlier confined to serve just the defense and communication applications, to now being capable of even taking entertainment direct to home in the form of digital broadcasting. Satellite technology has become a critical part of our everyday life, enabling communications, entertainment, navigation, and weather forecasting, among others. Having braved several challenges over the years, including the dotcom bust early this millennium, the general trend towards fiber connectivity, the impact of 2007-2009 economic recession, the industry now stands poised to register growth, primarily riding on the ever changing needs in telecommunications, one of its primarily end-use sector and growing consumer demand for satellite-based broadcasting and entertainment services. The industry will be bolstered by growing demand for satellite services against the backdrop of growing need for longer satellite life, increasing number of transponders per satellite, and data compression.

Accounting for a majority share in total revenue, satellite services market is the primary growth driver in the global satellite industry. Strong growth in the number of subscribers to Direct-To-Home/Direct Broadcast Satellite (DTH/DBS) services, as a result of tremendous increase in television viewership in developing markets such as India and China and introduction of advanced services such as HDTV and 3D-TV are fuelling demand for satellite TV services. Growth in consumer broadband satellite on the other hand is being boosted by continued rural broadband rollouts across the globe and growing demand for internet services in Small Office/Home Office (SOHO) businesses. Accounting for two thirds of the overall number of spacecrafts launched, the Government sector will continue to remain one of the most prominent demand drivers for satellites. Realizing the importance of satellite systems in providing geo-information and communication solutions to its agencies, and thereby helping develop infrastructure and contribute to the nations socio-economic development, governments across the globe will continue to invest in satellite technologies, thus promising to infuse vigor into the market in the upcoming years.

The research report titled Satellites: A Global Outlook announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a rudimentary overview of the industry, highlights latest trends in the satellite products and services market, and demand drivers, in addition to providing statistical insights. Regional markets briefly abstracted and covered include North America (with particular focus on United States), Europe (the United Kingdom and Russia) Asia-Pacific (China, and India) Latin America and Middle East/Africa. The report offers a compilation of recent mergers, acquisitions, and strategic corporate developments. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.

For more details about this comprehensive industry report, please visit
http://www.strategyr.com/Satellites_Industry_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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