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Short Take: Satellite equipment to top $7 billion, study says

The satellite multicast equipment market is expected to be valued at $7 billion in 2005, up from $500 million this year, according to research from Pioneer Consulting. Internet service providers and businesses will fuel demand for satellite multicasting gear, the study said. In 2005, North America will represent the largest market at nearly $2.9 billion, with Asia Pacific next at $1.9 billion, and Europe at about $1.2 billion. Satellite technology is capable of broadcasting video and Internet content to multiple users simultaneously.

The satellite multicast equipment market is expected to be valued at $7 billion in 2005, up from $500 million this year, according to research from Pioneer Consulting. Internet service providers and businesses will fuel demand for satellite multicasting gear, the study said. In 2005, North America will represent the largest market at nearly $2.9 billion, with Asia Pacific next at $1.9 billion, and Europe at about $1.2 billion. Satellite technology is capable of broadcasting video and Internet content to multiple users simultaneously.