3% Satellite Industry Growth, Despite Video Revenue Decline
Broadband Breakfast
MAY 13, 2025
WASHINGTON, May 13, 2025 - The satellite industry generated $293 billion in global revenue in 2024, growing 3% overall despite ongoing challenges in the video sector, according to the annual State of the Satellite Industry Report released Tuesday. The report, commissioned by the Satellite Industry Association (SIA) and prepared by BryceTech, highlighted a particularly strong performance in satellite manufacturing and launch services, which grew 17% and 30% respectively. "We are living throug
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