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Short Take: Satellite spending up 15 percent

The worldwide commercial satellite industry garnered $65.9 billion in revenue in 1998, up nearly 15 percent over the prior year, according to a study by the Satellite Industry Association. The U.S. satellite industry generated $30.7 billion in revenue, representing nearly half of the global market. Satellite manufacturing accounted for $17.6 billion of total worldwide industry revenue. Satellite services totaled $26.2 billion, while the launch industry generated $7 billion in revenue.

    The worldwide commercial satellite industry garnered $65.9 billion in revenue in 1998, up nearly 15 percent over the prior year, according to a study by the Satellite Industry Association. The U.S. satellite industry generated $30.7 billion in revenue, representing nearly half of the global market. Satellite manufacturing accounted for $17.6 billion of total worldwide industry revenue. Satellite services totaled $26.2 billion, while the launch industry generated $7 billion in revenue.