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Jun 03 2015

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Satellite Industry grew in 2014

State of the Satellite Industry Report Shows Increased industry Growth in 2014.

The 2015 State of the Satellite Industry Report includes the following results:

– Satellite Services revenues increased by four percent globally from 2013 to 2014, reaching $122.9 billion, powered by continued growth in consumer satellite television plus new interest in satellite broadband and Earth observation services.

– Satellite Launch Industry revenues, which include revenues for all commercially-competed launches that occurred in 2014, increased by nine percent from 2013 to 2014. , The number of commercially procured launches conducted worldwide increased to 73 from 62 in 2013. In 2014, 208 satellites were launched compared with just 107 launched in 2013.

– Satellite Ground Equipment revenues continued to increase in 2013, rising by five percent over 2013 to reach $58.3 billion. Satellite navigation (GNSS) equipment for both consumer and industrial customers represented approximately 53 percent of the overall ground equipment revenue.

– Satellite Manufacturing revenues, reflecting the value of satellites launched in 2014, grew by one percent worldwide to $15.9 billion.

U.S. Satellite Industry Employment, as of the third quarter of 2014, decreased by 10,055 jobs or approximately four percent since 2013. SIA will release an updated report after full 2014 employment data is published in August by the U.S. Bureau of Labor Statistics.

Interesting that jobs are decreasing while industry revenues increase. Not sure why that is, but I’m definitely seeing it on the ground.

Permanent link to this article: http://www.newspaceraces.com/2015/06/03/satellite-industry-grew-in-2014/

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