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Research and Markets has announced the addition of the "Global Satellite Market Report: 2016 Edition"report to their offering.
The research report provides an extensive research and detailed analysis of the market performance at present and future outlook of the global and regional satellite market, along with an overview of the entire market through global and regional analysis. Manufacturing of satellites & their orders along with market value of overall satellite market has been analyzed.
The report also discusses major trends of the industry such as growing video segment, increasing High definition (HD) & ultra-high definition Channel count, emerging regional operators, increasing global broadband penetration, and increasing Nano satellite launches.
The global satellite market is expected to be driven by key factors such as growing mobile data traffic, increasing government expenditure, rising in-flight broadband services, rising DTH channels, and increasing market share of satellite broadband in TV channels. However, industry growth is hindered by increasing financial challenges, launch failures, and crowding of satellite spectrum. The global satellite market is rather concentrated with few major satellite companies dominating the market through technological advancement.
The space industry is interchangeable with the term satellite industry. The satellite industry is an integral part of any economy. It plays a key role in the development of infrastructure for government agencies and commercial companies.
The satellite market operates to provide interconnectivity to all the widely distributed networks, which works in four major segments including satellite services, ground equipment, launch market, and manufacturing market. To ensure success in the modern satellite market, it is important to have collaborative efforts of designers, engineers and manufactures' so as to integrate the entire market to grow.