![]() |
Arlington - June 19, 2000 - The global space industry continued to grow at a dramatic rate in 1999, drawing over $9 Billion in investments for commercial ventures and creating $87 Billion in revenue, according to the "2000 State of the Space Industry" released today by the International Space Business Council (ISBC), a trade association promoting the business interests of the space industry. Beyond satellite and launch vehicle manufacturing, the industry now delivers communications services used by businesses and consumers each day, including broadband and Internet access, streaming media to the desktop, cable and video program distribution, direct broadcast satellite television, distance learning and private business networks, mobile telephony, remote communications, and soon to-be-launched direct-to-consumer digital radio. Today, satellites are only starting to show how well they fit into the global information infrastructure. According to Scott Sacknoff, President of the ISBC, "The industry's active growth can be attributed to the shift to a digital, wireless world. Companies have been rapidly taking advantage of satellites' ability to reach a geographically diverse customer base and broadcast to multiple locations simultaneously. "Combined with dramatic increases in bandwidth requirements, the telecommunications, media, Internet, and entertainment communities have embraced satellites and made them an integral part of their overall infrastructure. We are seeing an increasing number of customers and partners from diverse firms such as Microsoft, General Motors, Hertz, Arthur Daniels Midland, Cisco Systems, America Online, and Disney," said Sacknoff. "The data and mobility revolution is providing us with the flexibility to access information, communicate, and organize our businesses and our lives", said Andrea Maleter of Pricewaterhousecoopers. "Pent-up demand worldwide for various mobile services together with the critical nature of data capabilities for businesses and consumers is fueling rapid acceptance of satellite and more specifically, broadband services. "Companies around the globe are recognizing the vast opportunity for providing these services, enabling them to expand their businesses and spur further growth of this new global economy," said Maleter. In its comprehensive report on the space industry's expansion and contribution to the global economy, the ISBC recorded that twenty-four companies posted stock market gains of 99.5 percent or better, and over 50 mergers and acquisitions valued at more than $55 Billion. The report also noted that the industry supported more than one million jobs worldwide. The report found that:
satellite manufacturing operation and Honeywell's acquisition of AlliedSignal.
Among the statistical information from this report:
Email This Article Comment On This Article Related Links Space
Calcutta, India (SPX) Dec 28, 2005The successful launch Thursday of India's heaviest satellite from spaceport of Kourou in French Guyana may have boosted the country's space research efforts to yet another level, but it has also lifted the spirits of at least three Direct-To-Home televisions broadcasters, one of which has been waiting for years to launch its services in India. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |