Satellite Industry Revenues Jump in 2007
The Satellite Industry Association on Wednesday released its latest State of the Satellite Industry Report, research that found a 16 percent growth in global revenues for the commercial satellite industry last year.
Worldwide revenues in 2007 were $123 billion, representing an average annual growth rate of 11.5 percent for the period between 2002 and 2007, the group said.
Satellite services revenues, which includes satellite TV, continued to drive the industry, with a 60 percent total share of industry revenues. Satellite services revenues grew more than 18 percent last year, with satellite TV contributing nearly three-quarters of the $73.9 billion in 2007 satellite services revenues, SIA said.
Strong sales in consumer hardware during 2007 resulted in a 19 percent rise in ground equipment revenues when compared to the previous year, posting revenues of $34.3 billion for last year, the association said.
Launch services revenue grew to $3.2 billion in 2007, increasing nearly 19 percent from 2006. More satellites were launched in 2007 than in 2006, but satellite manufacturing revenues dipped slightly from $11.6 billion, reflecting a higher number of micro-satellite launches, SIA said.
The SIA research for the satellite industry was conducted by Futron.