Euroconsult sizes growing satellite connectivity market

Author: EIS Release Date: Sep 21, 2022

Euroconsult, a consultancy specialising in the space sector, has published its ‘Satellite Connectivity and Video Market’ report, forecasting growth in capacity supply to more than 97 Terabytes per second in the next five years.

 

Euroconsult sizes growing satellite connectivity marketThe Paris-based company also expects capacity demand to be multiplied by a factor of 13. Capacity revenues will be boosted from $10.2b in 2021 to $22.4b in 2031, it says, despite falling capacity prices.

 

Services revenue

In terms of satellite services revenue, it says we are likely to see an “explosion” of revenue to the tune of a cumulative $1.2 trillion by 2031. It forecasts the share of data applications increasing from 15% of total market revenues to 42% by 2031.

 

“A falling average revenue per user (ARPU) and a fiercely competitive market have been the main drivers for changes in strategies, with operators pushed to look for extra revenues to avoid the commodity price trap. Their sights have been increasingly set on a new revenue stream – Services – which will grow from $108 billion to $124 billion in the space of 10 years, with all the growth coming from data services.”

 

“The shift towards data-driven revenue streams can also be seen in the downward trend of video revenues, with the projected loss of 26 million direct-to-home (DTH) subscribers and 8,500 satellite TV channels by 2031. Changes in viewing habits will contribute to the growing shift from linear viewing to Over-the-Top (OTT) services that will negatively impact the satellite video market in coming years.”