The global satellite TV market is anticipated to grow at a CAGR of 1.2% during the forecast period (2022-2028). Satellite TV is a type of direct-to-home (DTH) service that provides entertainment, media, and other services on television. Satellite TV works by sending direct media signals from satellite to the receiver shaped in the form of a satellite. The major factor attributing to the growth of the global satellite TV market is the growing media & entertainment industry. According to the Media & Entertainment Industry report published by the India Brand Equity Foundation (IBEF) in February 2022, the media & entertainment industry of India is projected to grow at a CAGR of 17% and is expected to reach around $55 billion to $70 billion by 2030. Among these, television accounts for a major share with around 40% of the media industry. Thus, increasing the demand for satellite TVs for home entertainment & media.
The sales of satellite TVs are also increasing by people due to the increasing purchasing power of people attributed to increasing adjusted net national income per capita across the globe. According to the World Bank Data statistics, the adjusted net national income per capita has consistently increased over the last decade. The recorded adjusted net national income per capita increased from $7,246.71 in 2009 to $9,434.42 in 2019. Furthermore, the use of satellite TVs is also increasing due to several benefits provided by satellite TV. The benefits include greater service coverage, enhanced signal quality, multiple language options, pay-only for services subscribed, features including parental lock, and many others. Thus, propelling the growth of the global satellite TV market.
Some major players in the market include Foxtel Management Pty Ltd., Singtel Optus Pty Ltd., Videocon D2H, Satellite TV, and True Corp. Public Co. Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, In April 2022, the Government of India announced to provide Doordarshan Satellite TV services to 150,000 people for free in the state of Jammu & Kashmir, India. The services will be provided for free using a set-top box and a small satellite antenna with accessories.
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Competitive Landscape-
Foxtel Management Pty Ltd., Singtel Optus Pty Ltd., Videocon D2H, Satellite TV, True Corp. Public Co. Ltd., among others.
By Type
- Standard TV
- High Definition (HD) TV
- Ultra HD TV
- Others
By Application
- Residential
- Commercial
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Scope of the Report
The research study analyzes the Global satellite TV industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Global satellite TV Market Report
1. What was the Global satellite TV Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Global satellite TV Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Global satellite TV Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Global satellite TV market.
- The market share of the Global satellite TV market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Global satellite TV market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global satellite TV market.
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