The Satellite Industry Association (SIA) last Monday released its 2011 State of the Satellite Industry Report, showing a 5% growth in overall world satellite industry revenues in 2010. Global 2010 revenues for the satellite industry totaled $168.1 billion, for an 11.2 % average annual industry growth rate over the past 5 years.
More than 80 satellite companies, both SIA members and non-members, were surveyed to assess the performance of four satellite industry sectors: satellite services, satellite manufacturing, launch, and ground equipment.
The 2010 State of the Satellite Industry Report posted the following results:
- Satellite Services revenues resulted in 9 % growth globally over 2009, reaching $101.3 billion.
- Satellite Manufacturing revenues, reflecting in-year satellites launched, declined by 20 % worldwide to $10.8 billion, compared with the $13.5 billion in 2009. Overall, however, global satellite manufacturing showed aggregate growth of 38 % over the past 5 years. U.S. satellite manufacturing revenues fell 27 % to $5.6 billion, compared with 2009 at $7.7 billion.
- Satellite Launch Industry revenues, reflecting in-year launches, decreased by 4 % in 2010, with U.S. launch revenues declining slightly to $1.2 billion, compared to $1.9 billion in 2009.
- Satellite Ground Equipment revenues continued to increase, growing 3 % over 2009 to $51.6 billion. Consumer-related ground equipment led this expansion, including satellite TV, broadband, mobile satellite terminals, and GPS devices.
U.S. Satellite Industry employment fell by 2.7 % over the first three quarters of 2010, relative to end-of-year 2009 employment numbers, for a net loss of 6,856 jobs.