The High Throughput Satellite (HTS) revenue will reach $15bn by 2028 with aggregate capacity leasing revenue over the 10-year period reaching $85bn by 2028, according to Euroconsult.
In its latest research titled, High Throughput Satellites: Vertical Market Analysis & Forecasts, Euroconsult says the supply is expected to grow 12 times between 2019 and 2024.
High Throughput Satellites: Vertical Market Analysis & Forecasts provides both quantitative and qualitative assessments of the growing market and investment profile. It is an essential tool for telecommunications executives, companies competing in the HTS markets, as well as investors in both upstream and downstream services.
With several non-geostationary satellite orbit (NGSO) HTS constellations going into service during this time period, HTS capacity supply is on the verge of entering a period of unprecedented near-term expansion, jumping from 2,100 Gbps at the end of 2019 to 26,500 Gbps by 2024.
While this jump has been anticipated, it is now imminent as high-volume manufacturing and batch launch campaigns are underway for both SpaceX and OneWeb.
Commenting on the report, Brent Prokosh, Senior Affiliate Consultant at Euroconsult, and Editor of the research said: “The NGSO constellations are poised to fundamentally shift the HTS landscape. As opposed to the more regionalized impacts of past HTS supply rollouts, this upcoming boom in supply will have truly global impacts due to the scale, expansive coverage and flexibility of next-generation HTS systems.”