According to findings in an NSR LLC report released on 7 April, revenues from the global broadband satellite market will reach US$7.6bn by 2018. Furthermore, the market will be able to weather the economic downturn if recovery starts before the end of this year.
The report, Broadband Satellite Markets, 8th Edition, is a comprehensive analysis of the global market for broadband VSAT networking, single site satellite broadband Internet access, and satellite broadband trunking and backhaul services in all regional markets.
According to the report, companies selling broadband satellite services had a very successful 2008 and have reported strong business activity thus far this year. However, there is an undeniable undercurrent of concern and uncertainty.
Should the global economy start recovering before the end of the year, it is likely that there will be a generalised spike in demand in the 2011-2013 time period.
Beyond 2014, NSR assumes that growth in the above mentioned individual markets will at least return to historical levels and that overall service and customer premises equipment (CPE) revenues for the industry will climb from US$3.3bn in 2008 to over US$7.6bn in 2018.
