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2024 U.S. Industry Statistics & Market Forecast - Satellite Telecommunications
Market Size & Industry Statistics
The total U.S. industry market size for Satellite Telecommunications:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Satellite Telecommunications industry include:- Increased demand for broadband connectivity globally
- Growth in satellite Internet of Things (IoT) applications
- Advancements in satellite miniaturization and CubeSats
- Shift towards higher frequency bands (Ka and Ku bands)
- Development of mega-constellations for global coverage
- Government initiatives for rural and remote connectivity
- Heightened competition from terrestrial and mobile networks
- Integration of 5G and satellite communications
- Rise in satellite-as-a-service and pay-as-you-go models
- Increased emphasis on cybersecurity for satellite systems
- Sustainability concerns and space debris management
- Collaboration and partnerships within the aerospace industry
- Transition towards more cost-effective, reusable launch vehicles
- Expansion in satellite data analytics and AI applications
- Growing influence of private space companies in market dynamics
Product & Services Breakdown
Research products and services in the Satellite Telecommunications industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Carrier Services And Internet Backbone Services (Include Network Access Services To Other Telecommunication Carriers.) |
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Private Network Services |
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Resale Of Merchandise |
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Resale Of Telecommunications Equipment |
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All Other Receipts |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Satellite Telecommunications company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Satellite Telecommunications industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Satellite Telecommunications measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 6% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Business and Financial Operations Occupations | 8% | |||
| Business Operations Specialists | 7% | |||
| Computer and Mathematical Occupations | 16% | |||
| Computer Occupations | 16% | |||
| Sales and Related Occupations | 18% | |||
| Sales Representatives, Services | 12% | |||
| Miscellaneous Sales Representatives, Services | 12% | |||
| Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel | 12% | |||
| Office and Administrative Support Occupations | 15% | |||
| Information and Record Clerks | 8% | |||
| Customer Service Representatives | 8% | |||
| Customer Service Representatives | 8% | |||
| Installation, Maintenance, and Repair Occupations | 30% | |||
| Electrical and Electronic Equipment Mechanics, Installers, and Repairers | 17% | |||
| Radio and Telecommunications Equipment Installers and Repairers | 17% | |||
| Telecommunications Equipment Installers and Repairers, Except Line Installers | 16% | |||
| Other Installation, Maintenance, and Repair Occupations | 11% | |||
| Line Installers and Repairers | 10% | |||
| Telecommunications Line Installers and Repairers | 10% | |||
Satellite Telecommunications Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Satellite Telecommunications industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Satellite Telecommunications industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Satellite Telecommunications industry. |
Source:
Innovation News
- Jun 13, 2024: Apothym Technologies Group patents Optimization Of All Software Modem Using Flexible Configuration Parameters For High-performance Computing (hpc)
- May 16, 2024: Aalyria Technologies patents Networking With Haps And Additional Ground-based Nodes
- May 16, 2024: Aalyria Technologies patents Networking With Haps And Additional Ground-based Nodes
- May 03, 2024: Xona Space Systems raises $31 million in funding.
- Dec 19, 2023: Atlas Space Operations trademarks "FREEDOM SPACE" - Antennas; Parabolic antennas; Receivers for satellites; Receiving antennas for satellite broadcast; Satellite aerials; Satellite dishes; Satellite dishes for satellite transmissions; Satellite finder meters; Satellite receivers; Satellite transceivers; Satellite transmitters and receivers; Dish antennas; High frequency mobile and sea-based communication antennas
- Aug 18, 2023: Atlas Space Operations trademarks "SECURE SPACE ACCESS ANYTIME, ANYWHERE" - Antennas; Dish antennas; High frequency mobile and sea-based communication antennas; Parabolic antennas; Receivers for satellites; Receiving antennas for satellite broadcast; Satellite aerials; Satellite dishes; Satellite dishes for satellite transmissions; Satellite finder meters; Satellite receivers; Satellite transceivers; Satellite transmitters and receivers
- Aug 04, 2023: Atlas Space Operations trademarks "FREEDOM SPACE" - Antennas; Dish antennas; High frequency mobile and sea-based communication antennas; Parabolic antennas; Receivers for satellites; Receiving antennas for satellite broadcast; Satellite aerials; Satellite dishes; Satellite dishes for satellite transmissions; Satellite finder meters; Satellite receivers; Satellite transceivers; Satellite transmitters and receivers
- Sep 21, 2022: Somewear Labs raises $16 million in funding.
- Apr 25, 2022: Xona Space Systems raises $10 million in funding.
Recent Federal Contracts for Satellite Telecommunications
- Apr 02, 2024: SATCOM DIRECT GOVERNMENT, INC. (Melbourne, FL) awarded $16,816
- Apr 02, 2024: PEGASUS RADIO CORP (Aberdeen, MD) awarded $195,845
- Apr 01, 2024: COMSOFT GMBH (Karlsruhe, BADEN-WURT) awarded $66,950
- Apr 01, 2024: MICROWAVE COMMUNICATIONS, INC (Grass Lake, MI) awarded $9,043
- Mar 28, 2024: GLOBECAST AMERICA INCORPORATED (Culver City, CA) awarded $409,392
- Mar 28, 2024: HUGHES NETWORK SYSTEMS (Germantown, MD) awarded $8,686
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