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, 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.