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Global Satellite Transponder Market Growing 5% Annually, Technavio Says

The global satellite transponder market is expected to grow at a compound annual rate of close to 5 percent through 2020, Technavio said in a news release Wednesday. It said growth is being driven by demand for, among other things,…

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bandwidth leasing and high throughput satellite spot beams. It said increased utilization rate of transponders due to satellite launches planned for the second half of this year drove a big increase in revenue between 2016 and 2017. It said the three biggest revenue-generating application segments of the global satellite transponder market are communications, with the telco industry looking to lease transponders to provide broadband; earth observation; and technology development satellites used to test newly developed satellite technology.