Satellite transponder market set for strong growth
March 23, 2018
By Chris Forrester
According to HTF Market Intelligence, the satellite transponder market will enjoy considerable growth in the years up to 2026, and almost doubling in value.
The global satellite transponder market is said by the report to have been worth $15.35 billion in 2017 and is expected to reach $28.65 billion by 2026 growing at a CAGR of 7.1 per cent during the forecast period.
Factors such as growth in Ku-band & Ka-band services, technology upgrades in VSAT system and increasing demand for high throughput satellite (HTS) are propelling the market growth. However, factors such as growth of telecommunication network, requirement of huge capital investment and satellite launch failures & operational anomalies are hampering the market.