Global Assessment of Satellite Supply & Demand 9 th Edition

Transcription

1 Global Assessment of Satellite Supply & Demand 9 th Edition Report Briefing

2 Report Description NSR s Global Assessment of Satellite Supply & Demand study is the industry leading analysis of the most fundamental of all questions facing the commercial satellite market: What is the supply and demand for commercial transponders and capacity? What are the applications driving demand? What are the revenues generated by the lease of this capacity? To answer these questions, this study provides a wealth of data and analysis from the very top line global trends to highly detailed and granular assessments of supply and demand for eight separate applications in each of four different types of capacity for twelve individual regions. Supplemented by nearly 1,000 tables and charts within the integral client Excel data sheets, NSR s Global Assessment of Satellite Supply & Demand 9th Edition provides the most comprehensive and detailed data and analysis available to the industry. Further, NSR has continually worked to improve the study and make the research within it more relevant and useful for the industry since its inception. NSR led the industry in introducing the assessment and forecasting of commercial services using High Throughput Satellite (HTS) capacity as well as being one of the first to make specific projections for growth in 3D channels within the video distribution and DTH markets. Consistent Methodology and Assessments In this 9th Edition, NSR maintains the improved segmentation of the applications served with commercial satellite capacity introduced in the prior edition of this study. On the video side of the business, NSR retains its video distribution, DTH, and video contribution & OUTV forecasts that have been the core of this study since its first edition.

3 On the data side of the business, NSR feels that the legacy telephony & carrier, enterprise data, broadband satellite access, commercial mobility, and government/military services application segments continue to be the best representation of the critical demand trends in the industry. Not only do the top line transponder and capacity demand assessments and forecasts for each region remain unchanged between this current edition and prior editions, but the data application segmentation introduced in the prior edition of this study allows NSR to more directly correlate its forecasts with the other major studies that comprise NSR s comprehensive library of market research into the commercial satellite industry. 36 MHz TPEs 7,500 6,000 4,500 3,000 1,500 Global Satellite Transponder Demand Ka Band Ku Band C Band 4.2% gain in leased transponders Gbps Global HTS Capacity Demand 85% gain in leased HTScapacity HTS Source : NSR Source : NSR Global Market Share of Leased C, Ku and Ka Band TPEs, Intelsat 29% SES 17% Eutelsat 10% Telesat 6% Others 38% Source: NSR The major change in this edition of the Global Assessment of Satellite Supply & Demand is a much more succinct and concise presentation of demand trends in the industry. NSR undertook the reorganization of the presentation of the demand trends in order to improve the usability of the study and provide a more direct assessment of the bottom line trends in the market.

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5 Report Highlights Primary Questions Addressed in this Report Include: What are the trends driving or restraining commercial satellite capacity leasing for each application in each regional market and the breakout of this demand between C-band, Ku-band, Ka-band and HTS capacity? Which applications and what types of capacity are most likely to benefit from new demand or expansion of existing services? Who are the main players in each region, and what is their market share in terms of leased commercial capacity? What is the projected growth or decline of analog channels and feeds, SD, HD and 3D channels, and digital feeds for distribution, DTH and contribution & OUTV services in each region? What is the specific capacity demand for the video & DTH markets, legacy telephony & carrier, enterprise data and broadband access services, commercial mobility and gov/mil applications? What are the revenues to be generated from leasing of commercial C-band, Ku-band, Ka-band and HTS capacity in each region and by application? Primary Elements of the Report Include: Industry trend analysis including NSR s qualitative assessment of each major market segment A bottom-up forecasting approach checked against a top-down analysis for increased validity of base year demand Nearly 1,000 detailed tables and charts within integrated client Excel Includes Excel sheets with all key data, tables and charts Step-by-step methodology Variance analysis for each market to highlight any changes between the current and prior forecasts is this market A Complete Analytical Perspective Elements of this study include: Complete report document segmented by analysis on all regions, players, market opportunity and demand trends An Excel file containing all data and graphs so the client can easily use this work as a basis for their own internal market projections A summary PowerPoint file containing a summary of all report findings and data

6 Same Methodology and Continued Integration with NSR s Report Library The Global Assessment of Satellite Supply & Demand, 9th Edition study continues to apply the same methodology to its forecasts for the commercial satellite market as in previous editions in order to maintain consistency with prior editions. Further, the study is fully integrated with and makes use of forecasts from NSR s Broadband Satellite Markets, Government and Military Satellite Communications, Mobile Satellite Services, and Wireless Backhaul via Satellite studies such that a multitude of diverse markets can be analyzed in order to produce an overarching assessment of satellite supply and demand trends. In fact, the GASSD 9th Edition study coupled with NSR s other applications-specific market research studies combine to form an integrated library of detailed and highly granular research on the commercial satellite market. One Size Does Not Fit All NSR s clients are varied and we understand you have a variety of needs. To suit your individual requirements, the Global Assessment of Satellite Demand, 9th Edition study can be tailored to provide you with the data you desire and leave out that which is not of use. If your company does not require our detailed analysis and extensive forecast of all 12 regional markets, then choose only the 4 regions that best suit your needs. Of course, with the tailored report, you will still receive the executive summary, the global market overview chapter (Ch. 1) and the methodology chapter (Annex) along with the Excel and PowerPoint files for the four regions you have selected.

7 Executive Summary Commercial Satellite Market Overview C-band video distribution market strong globally, but concern on C-band backhaul migration to HTS/O3b capacity undermines long-term growth Video distribution is the largest of all C-band market verticals in the world and will rise from accounting for 37% of global C-band transponder demand in to 52% by. The same segment will also score by far the largest net C-band transponder demand gain, nearly 220 TPEs in the coming ten years, of all the C-band market segments around the world driven by solid growth in SD and HD channels plus emerging 3D channels for cable headends and other services around the world. The only other C-band market projected to see a net demand gain on a global basis is commercial mobility driven by maritime users adding new C-band demand globally in the coming ten years. Unfortunately, most other C-band market verticals are under pressure with video contribution & OUTV services projected to contract in the coming ten years, and the legacy telephony & carrier market will continue to be under pressure around the world due to fiber and undersea cable. Most important to the overall global C-band demand trend is the enterprise data market. NSR has long forecasted that the VSAT networking portion of this market would see C-band demand migrate to Ku-band and HTS capacity while IP trunking would fade in the face of fiber and undersea cable. The biggest change in the last year is that NSR now forecasts in its Wireless Backhaul via Satellite 6 th Edition study that C-band backhaul services will see some demand gains globally through to 2015, but then begin to slowly decline as backhaul services start to migrate to lower cost HTS and O3b capacity. Top global Ku-band markets are DTH, enterprise data, video distribution and commercial mobility NSR s latest forecast for the global Ku-band transponder market predicts that worldwide capacity demand will increase substantially between and. The most positive market vertical in the world will be DTH services followed by enterprise data services driven by expanding VSAT networking applications and video distribution services that are projected to chalk up a net demand increase largely on the back of new HD plus SD channels as well as specialized bouquets and growth in various free-to-air channels. Scoring the fastest rate of demand growth, the global commercial mobility market will pick up the next best net Ku-band transponder gain, and the gov/mil segment, mainly on the back of UAVs and mobility, will add additional Ku-band demand globally by. Beyond these five markets,

8 the remaining market verticals will see much smaller demand gains, like for broadband access and video contribution & OUTV services, while the global legacy telephony & carrier segment will see a small Ku-band demand contraction in the coming ten years. Widebeam Ka-band leasing limited to gov/mil, enterprise data and video contribution & OUTV It is currently NSR s best assessment that the majority of widebeam Ka-band capacity leasing will be for gov/mil services. The two main drivers for this leasing will be either national defense organizations seeking to move to widebeam Ka-band through commercial partnerships such as is the case with YahSat, Spacecom and Es'hailSat, or it will be gov/mil entities seeking commercial widebeam Ka-band capacity to supplement dedicated Ka-band government satellite systems such as the U.S. WGS network. The next most interesting opportunity will be using widebeam Kaband capacity as a substitute for Ku-band for the VSAT networking segment and in some unique cases IP trunking. Finally, NSR sees a niche opportunity to use widebeam Ka-band capacity for SNG services within the video contribution & OUTV market. Beyond these three applications, NSR is not yet forecasting widebeam Ka-band transponder demand to emerge for other market verticals. 36 MHz TPEs 10,000 8,000 6,000 4,000 Global C, Ku & Ka Band TPE Demand by Application Gov/Mil Broadband Access Telephony & Carrier DTH Commercial Mobility Enterprise Data Contribution & OUTV Distribution 2, Source : NSR Broadband satellite access to account for roughly 80% of global HTS leasing While the industry tends to first think of High Throughput Satellites (HTS) in terms of broadband access services, NSR clearly recognizes that HTS-provisioned satellite broadband access services are a high volumes/low margins business where a satellite service provider that can successfully compete against terrestrial broadband access services requires large amounts of very low cost capacity. This drives leasing of HTS capacity, especially in North America and Western Europe, and is why satellite broadband access services will generally account for about

9 80% of total global HTS capacity leasing in most years of the forecast period. Further, this same driver means that satellite broadband access services will by far see the biggest net HTS capacity demand gain over the ten-year forecast period. Global HTS Bandwidth Demand by Application 750 Gbps Gov/Mil Broadband Access Telephony & Carrier DTH Commercial Mobility Enterprise Data Contribution & OUTV Distribution Source : NSR Following broadband access in terms of HTS capacity demand requirements will be enterprise data services that are projected to score the next biggest net HTS capacity demand gain by. Part of this will be driven by VSAT networking services, yet an ever greater percentage (especially over the second half of the forecast period) will come from backhaul services as HTS capacity can more cost effectively serve the data requirement for 3G and 4G backhaul. Next in line will be the HTS-provisioned commercial mobility vertical mainly in the maritime, aeronautical and commercial land mobile services. Much of this market will be initially served by Inmarsat s Global Xpress service; however, Intelsat has already announced a number of mobility contracts including one with Panasonic Aviation for capacity leasing on its new EPIC HTS platform. In a similar line, NSR also projects that gov/mil services will generate the fourth largest demand gain for HTS capacity leasing between and. Beyond these, NSR can also see some additional HTS capacity demand emerging in different regional markets for various media services in the video distribution, DTH and video contribution & OUTV segments. Strong revenue growth projected for global satellite industry with net US$6.9 billion gain by The global satellite industry continues to score strong growth in revenues with NSR estimating that total industry revenues coming from leased commercial capacity increased by US$635 million between 2010 and taking into account revenues from both station-kept and inclined orbit services. Some of the best net revenue generators in the last year have come from expanding DTH services as well as growth in enterprise data services, mainly VSAT networking

10 and backhaul. Further, the gov/mil segment continues to grow strongly, and the industry sees as well rapid demand growth coming from the commercial mobility services vertical, especially in the maritime and aeronautical segments. In the coming ten years, NSR projects continued solid revenue gains coming both from classic C-, Ku- and widebeam Ka-band capacity leasing as well as emerging HTS services. NSR s current best estimate is that overall satellite industry revenues from leased capacity will increase by US$6.9 billion in the coming ten years. US$ Billions $25 $20 $15 $10 Global Revenues for Leased TPEs & Bandwidth by Application Gov/Mil Broadband Access Telephony & Carrier DTH Commercial Mobility Enterprise Data Contribution & OUTV Distribution $5 $ Source : NSR US$ Billions $25 $20 $15 $10 Total Revenues for Leased HTS Bandwidth by Region POR SEA SA EA SSA MENA CEEU WEU AOR SAM CAMCB NAM $5 $ Source : NSR

11 Report Overview Staying on top of industry requirements In prior editions of this study, NSR led the industry in innovative market assessment methodologies by introducing a complete and detailed analysis of demand for High Throughput Satellite (HTS) capacity in parallel to the traditional C-band, Ku-band and widebeam Ka-band markets. NSR defines an HTS as any satellite or satellite payload that has at least twice (though usually many times more) the throughput of a traditional FSS satellite for the same amount of allocated frequency on orbit. These satellites can use any frequencies (e.g. Ku-band, Ka-band) to provision a service and almost exclusively make use of frequency reuse and multiple spot beams to greatly increase throughput and reduce the price per bit delivered. Further, the cost of the ground equipment/customer premise equipment for an HTS-based service should not be a barrier to HTS capacity being substituted for FSS capacity for any commercial satellite application assessed in this study. GASSD9 Applications and Regions Analyzed Source: NSR Then in 2010, NSR was the first to introduce a separate forecast of 3D channels in the video distribution and DTH markets, again illustrating its leadership role in the industry. This was followed by NSR undertaking a new application segmentation in for its assessment of the global satellite market. While keeping the same video and media segments of video distribution, DTH and video contribution & OUTV services as used in previous years, NSR completely reorganized its segmentation of the more data-centric and heritage voice markets. The main driver behind this re-segmentation was to pull out and specifically forecast certain applications

12 like commercial mobility and government/military services that, ten years ago, were too small to treat as independent markets. The major change in this edition of the Global Assessment of Satellite Supply & Demand study is a much more succinct and concise presentation of demand trends in the industry. NSR undertook the reorganization of the presentation of the demand trends in order to improve the usability of the study and provide a more direct assessment of the bottom line trends in the market. However, this implied no change to NSR s existing methodologies, and NSR continues to segment the commercial market into eight different applications and conducts its detailed analysis for twelve separate regions.

13 Table of Contents Executive Summary E.1 Commercial Satellite Market Overview E.2 Report Overview 1. Global Overview 1.1. Introduction Report Overview Main Players & Market Share 1.2 Global Supply and Demand Assessments by Band C-Band Ku-Band Widebeam Ka-Band HTS Supply & Demand Assessment for Inclined Orbit Services in 1.3 Global Revenue Forecast Revenue Forecasts by Band 1.4 Comparison of GASSD 8th and GASSD 9th Edition Forecasts C-Band Ku-Band Widebeam Ka-Band HTS 2. North America 2.1. Main Players & Market Share 2.2. Supply and Demand Assessments by Band C-Band Ku-Band Widebeam Ka-Band HTS Supply & Demand Assessment for Inclined Orbit Services in 2.3. Revenue Forecast for North America Transponder and Capacity Price Estimates by Band Revenue Forecasts by Band 2.4. Comparison of GASSD 8th and GASSD 9th Edition Forecasts C-Band Ku-Band Widebeam Ka-Band HTS

14 3. Central America & the Caribbean 3.1. Main Players & Market Share 3.2. Supply and Demand Assessments by Band C-Band Ku-Band Widebeam Ka-Band HTS Supply & Demand Assessment for Inclined Orbit Services in 3.3. Revenue Forecast for Central America & the Caribbean Transponder and Capacity Price Estimates by Band Revenue Forecasts by Band 3.4. Comparison of GASSD 8th and GASSD 9th Edition Forecasts C-Band Ku-Band Widebeam Ka-Band HTS 4. South America 4.1. Main Players & Market Share 4.2. Supply and Demand Assessments by Band C-Band Ku-Band Widebeam Ka-Band HTS Supply & Demand Assessment for Inclined Orbit Services in 4.3. Revenue Forecast for South America Transponder and Capacity Price Estimates by Band Revenue Forecasts by Band 4.4. Comparison of GASSD 8th and GASSD 9th Edition Forecasts C-Band Ku-Band Widebeam Ka-Band HTS 5. Atlantic Ocean Region 5.1. Main Players & Market Share 5.2. Supply and Demand Assessments by Band C-Band Ku-Band Widebeam Ka-Band HTS Supply & Demand Assessment for Inclined Orbit Services in 5.3. Revenue Forecast for Atlantic Ocean Region Transponder and Capacity Price Estimates by Band Revenue Forecasts by Band

15 5.4. Comparison of GASSD 8th and GASSD 9th Edition Forecasts C-Band Ku-Band Widebeam Ka-Band HTS 6. Western Europe 6.1. Main Players & Market Share 6.2. Supply and Demand Assessments by Band C-Band Ku-Band Widebeam Ka-Band HTS Supply & Demand Assessment for Inclined Orbit Services in 6.3. Revenue Forecast for Western Europe Transponder and Capacity Price Estimates by Band Revenue Forecasts by Band 6.4. Comparison of GASSD 8th and GASSD 9th Edition Forecasts C-Band Ku-Band Widebeam Ka-Band HTS 7. Central & Eastern Europe 7.1. Main Players & Market Share 7.2. Supply and Demand Assessments by Band C-Band Ku-Band Widebeam Ka-Band HTS Supply & Demand Assessment for Inclined Orbit Services in 7.3. Revenue Forecast for Central & Eastern Europe Transponder and Capacity Price Estimates by Band Revenue Forecasts by Band 7.4. Comparison of GASSD 8th and GASSD 9th Edition Forecasts C-Band Ku-Band Widebeam Ka-Band HTS 8. Middle East & North Africa 8.1. Main Players & Market Share 8.2. Supply and Demand Assessments by Band C-Band Ku-Band

16 Widebeam Ka-Band HTS Supply & Demand Assessment for Inclined Orbit Services in 8.3. Revenue Forecast for Middle East & North Africa Transponder and Capacity Price Estimates by Band Revenue Forecasts by Band 8.4. Comparison of GASSD 8th and GASSD 9th Edition Forecasts C-Band Ku-Band Widebeam Ka-Band HTS 9. Sub-Saharan Africa 9.1. Main Players & Market Share 9.2. Supply and Demand Assessments by Band C-Band Ku-Band Widebeam Ka-Band HTS Supply & Demand Assessment for Inclined Orbit Services in 9.3. Revenue Forecast for Sub-Saharan Africa Transponder and Capacity Price Estimates by Band Revenue Forecasts by Band 9.4. Comparison of GASSD 8th and GASSD 9th Edition Forecasts C-Band Ku-Band Widebeam Ka-Band HTS 10. East Asia Main Players & Market Share Supply and Demand Assessments by Band C-Band Ku-Band Widebeam Ka-Band HTS Supply & Demand Assessment for Inclined Orbit Services in Revenue Forecast for East Asia Transponder and Capacity Price Estimates by Band Revenue Forecasts by Band Comparison of GASSD 8th and GASSD 9th Edition Forecasts C-Band Ku-Band Widebeam Ka-Band HTS

17 11. South Asia Main Players & Market Share Supply and Demand Assessments by Band C-Band Ku-Band Widebeam Ka-Band HTS Supply & Demand Assessment for Inclined Orbit Services in Revenue Forecast for South Asia Transponder and Capacity Price Estimates by Band Revenue Forecasts by Band Comparison of GASSD 8th and GASSD 9th Edition Forecasts C-Band Ku-Band Widebeam Ka-Band HTS 12. Southeast Asia Main Players & Market Share Supply and Demand Assessments by Band C-Band Ku-Band Widebeam Ka-Band HTS Supply & Demand Assessment for Inclined Orbit Services in Revenue Forecast for Southeast Asia Transponder and Capacity Price Estimates by Band Revenue Forecasts by Band Comparison of GASSD 8th and GASSD 9th Edition Forecasts C-Band Ku-Band Widebeam Ka-Band HTS 13. Pacific Ocean Region Main Players & Market Share Supply and Demand Assessments by Band C-Band Ku-Band Widebeam Ka-Band HTS Supply & Demand Assessment for Inclined Orbit Services in Revenue Forecast for Pacific Ocean Region Transponder and Capacity Price Estimates by Band Revenue Forecasts by Band

18 13.4. Comparison of GASSD 8th and GASSD 9th Edition Forecasts C-Band Ku-Band Widebeam Ka-Band HTS Annex. Forecast Methodology A.1 Methodology Overview A.1.1 Forecast Methodology & Assumptions A.1.2 General Assumptions and Definitions A Period of Study A Satellites Considered A.1.3 Application Definitions A Video Distribution Services A Direct-To-Home A Video Contribution & Occasional Use Television Services A Legacy Telephony & Carrier A Enterprise Data Services A Broadband Satellite Access Services A Commercial Mobility Services A Government/Military Services A.1.4 Regional Definitions A.1.5 Methodology Changes in the Last Year A.2 Commercial Transponder & Capacity Supply Methodology A.3 Commercial Transponder & Capacity Demand Methodologies A.3.1 Video Services Demand Methodology A.3.2 Enterprise Data, Commercial Mobility and Government/Military Services Demand Methodology A.3.3 Top-Down Transponder and Capacity Demand Methodology & Forecast Methodology for Legacy Telephony & Carrier Services and Other Miscellaneous Leasing A.4 Sources of Information

19 List of Exhibits Executive Summary Ex. E.1 Global Baseline C-, Ku- & Ka-Band TPE Demand by Application, - Ex. E.2 Global Baseline HTS Bandwidth Demand by Application, - Ex. E.3 Global Revenues for Leased TPEs & Bandwidth by Application, - Ex. E.4 Total Revenues for Leased TPEs & Bandwidth by Region, - Chapter 1 Ex. 1.1 Global Market Share of Leased C-Band, Ku-Band and Ka-Band TPEs, Ex. 1.2 Global Market Share of Leased HTS Capacity, Ex. 1.3 C-Band Demand Growth Trends by Region, - Ex. 1.4 Global C-Band TPE Demand by Application, - Ex. 1.5 Total Baseline C-Band TPE Demand by Region, - Ex. 1.6 Global C-Band Net TPE Demand Change by Application, - Ex. 1.7 Global C-Band TPE Supply and Demand, 0- Ex. 1.8 Ku-Band Demand Growth Trends by Region, - Ex. 1.9 Global Ku-Band TPE Demand by Application, - Ex Total Baseline Ku-Band TPE Demand by Region, - Ex Global Ku-Band Net TPE Demand Change by Application, - Ex Global Ku-Band TPE Supply and Demand, - Ex Ka-Band Demand Growth Trends by Region, - Ex Global Ka-Band TPE Demand by Application, - Ex Total Baseline Ka-Band TPE Demand by Region, - Ex Global Ka-Band Net TPE Demand Change by Application, - Ex Global Ka-Band TPE Supply and Demand, 0- Ex HTS Demand Growth Trends by Region, - Ex Global HTS Bandwidth Demand by Application, - Ex Total Baseline HTS Bandwidth Demand by Region, - Ex Global HTS Net Bandwidth Demand Change by Application, - Ex Global HTS Bandwidth Supply and Demand, - Ex Global C-Band TPE Demand by Application for Inclined Orbit Satellites, Ex Global Ku-Band TPE Demand by Application for Inclined Orbit Satellites, Ex Global C-Band TPE Supply and Demand on Inclined Orbit Satellites, Ex Global Ku-Band TPE Supply and Demand on Inclined Orbit Satellites, Ex Global TPE Supply and Demand on Inclined Orbit Satellites, Ex Global Revenues for Leased C-Band TPEs by Application, - Ex Global Revenues for Leased C-Band TPEs by Application, - Ex Global Revenues for Leased Ku-Band TPEs by Application, - Ex Global Revenues for Leased Ku-Band TPEs by Application, - Ex Global Revenues for Leased Ka-Band TPEs by Application, - Ex Global Revenues for Leased Ka-Band TPEs by Application, -

20 Ex Global Revenues for Leased HTS Bandwidth by Application, - Ex Total Revenues for Leased HTS Bandwidth by Region, - Ex GASSD 8th & GASSD 9th Edition Global C-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition Global C-Band Supply Comparison, Ex GASSD 8th & GASSD 9th Edition Global Ku-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition Global Ku-Band Supply Comparison, Ex GASSD 8th & GASSD 9th Edition Global Ka-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition Global Ka-Band Supply Comparison, Ex GASSD 8th & GASSD 9th Edition Global HTS Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition Global HTS Supply Comparison, Chapter 2 Ex. 2.1 North American Market Share of Leased C-Band, Ku-Band and Ka-Band TPEs, Ex. 2.2 North American Market Share of Leased HTS Capacity, Ex. 2.3 North American C-Band Application Trends Overview, - Ex. 2.4 North American C-Band TPE Demand by Application, - Ex. 2.5 North American C-Band Net TPE Demand Change by Application, - Ex. 2.6 North American C-Band TPE Supply and Demand, 0- Ex. 2.7 North American Ku-Band Application Trends Overview, - Ex. 2.8 North American Ku-Band TPE Demand by Application, - Ex. 2.9 North American Ku-Band Net TPE Demand Change by Application, - Ex North American Ku-Band TPE Supply and Demand, 0- Ex North American Ka-Band Application Trends Overview, - Ex North American Ka-Band TPE Demand by Application, - Ex North American Ka-Band Net TPE Demand Change by Application, - Ex North American Ka-Band TPE Supply and Demand, 0- Ex North American HTS Application Trends Overview, - Ex North American HTS Bandwidth Demand by Application, - Ex North American HTS Net Bandwidth Demand Change by Application, - Ex North American HTS Bandwidth Supply and Demand, - Ex North American C-Band TPE Demand by Application for Inclined Orbit Satellites, Ex North American Ku-Band TPE Demand by Application for Inclined Orbit Satellites, Ex North American C-Band TPE Supply and Demand on Inclined Orbit Satellites, Ex North American Ku-Band TPE Supply and Demand on Inclined Orbit Satellites, Ex North American TPE Supply and Demand on Inclined Orbit Satellites, Ex North American Average C-Band TPE Price by Application, - Ex North American Average Ku-Band TPE Price by Application, - Ex North American Average Ka-Band TPE Price by Application, - Ex North American Average HTS Bandwidth Price by Application, - Ex North American Revenues for Leased C-Band TPEs by Application, - Ex North American Revenues for Leased Ku-Band TPEs by Application, - Ex North American Revenues for Leased Ka-Band TPEs by Application, - Ex North American Revenues for Leased HTS Bandwidth by Application, - Ex GASSD 8th & GASSD 9th Edition North American C-Band Forecast Comparison, 2010-

21 Ex GASSD 8th & GASSD 9th Edition North American Ku-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition North American Ka-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition North American HTS Forecast Comparison, Chapter 3 Ex. 3.1 Central American & Caribbean Market Share of Leased C-Band, Ku-Band and Ka-Band TPEs, Ex. 3.2 Central American & Caribbean C-Band Application Trends Overview, - Ex. 3.3 Central American & Caribbean C-Band TPE Demand by Application, - Ex. 3.4 Central American & Caribbean C-Band Net TPE Demand Change by Application, - Ex. 3.5 Central American & Caribbean C-Band TPE Supply and Demand, 0- Ex. 3.6 Central American & Caribbean Ku-Band Application Trends Overview, - Ex. 3.7 Central American & Caribbean Ku-Band TPE Demand by Application, - Ex. 3.8 Central American & Caribbean Ku-Band Net TPE Demand Change by Application, - Ex. 3.9 Central American & Caribbean Ku-Band TPE Supply and Demand, 0- Ex Central American & Caribbean Ka-Band TPE Supply and Demand, 0- Ex Central American & Caribbean HTS Application Trends Overview, - Ex Central American & Caribbean HTS Bandwidth Demand by Application, - Ex Central American & Caribbean HTS Net Bandwidth Demand Change by Application, - Ex Central American & Caribbean HTS Bandwidth Supply and Demand, - Ex Central American & Caribbean C-Band TPE Demand by Application for Inclined Orbit Satellites, Ex Central American & Caribbean Ku-Band TPE Demand by Application for Inclined Orbit Satellites, Ex Central American & Caribbean C-Band TPE Supply and Demand on Inclined Orbit Satellites, Ex Central American & Caribbean Ku-Band TPE Supply and Demand on Inclined Orbit Satellites, Ex Central American & Caribbean TPE Supply and Demand on Inclined Orbit Satellites, Ex Central American & Caribbean Average C-Band TPE Price by Application, - Ex Central American & Caribbean Average Ku-Band TPE Price by Application, - Ex Central American & Caribbean Average HTS Bandwidth Price by Application, - Ex Central American & Caribbean Revenues for Leased C-Band TPEs by Application, - Ex Central American & Caribbean Revenues for Leased Ku-Band TPEs by Application, - Ex Central American & Caribbean Revenues for Leased HTS Bandwidth by Application, -

22 Ex GASSD 8th & GASSD 9th Edition Central American & Caribbean C-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition Central American & Caribbean Ku-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition Central American & Caribbean Ka-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition Central American & Caribbean HTS Forecast Comparison, Chapter 4 Ex. 4.1 South American Market Share of Leased C-Band, Ku-Band and Ka-Band TPEs, Ex. 4.2 South American C-Band Application Trends Overview, - Ex. 4.3 South American C-Band TPE Demand by Application, - Ex. 4.4 South American C-Band Net TPE Demand Change by Application, - Ex. 4.5 South American C-Band TPE Supply and Demand, 0- Ex. 4.6 South American Ku-Band Application Trends Overview, - Ex. 4.7 South American Ku-Band TPE Demand by Application, - Ex. 4.8 South American Ku-Band Net TPE Demand Change by Application, - Ex. 4.9 South American Ku-Band TPE Supply and Demand, 0- Ex South American Ka-Band Application Trends Overview, - Ex South American Ka-Band TPE Demand by Application, - Ex South American Ka-Band Net TPE Demand Change by Application, - Ex South American Ka-Band TPE Supply and Demand, 0- Ex South American HTS Application Trends Overview, - Ex South American HTS Bandwidth Demand by Application, - Ex South American HTS Net Bandwidth Demand Change by Application, - Ex South American HTS Bandwidth Supply and Demand, - Ex South American C-Band TPE Demand by Application for Inclined Orbit Satellites, Ex South American Ku-Band TPE Demand by Application for Inclined Orbit Satellites, Ex South American C-Band TPE Supply and Demand on Inclined Orbit Satellites, Ex South American Ku-Band TPE Supply and Demand on Inclined Orbit Satellites, Ex South American TPE Supply and Demand on Inclined Orbit Satellites, Ex South American Average C-Band TPE Price by Application, - Ex South American Average Ku-Band TPE Price by Application, - Ex South American Average Ka-Band TPE Price by Application, - Ex South American Average HTS Bandwidth Price by Application, - Ex South American Revenues for Leased C-Band TPEs by Application, - Ex South American Revenues for Leased Ku-Band TPEs by Application, - Ex South American Revenues for Leased Ka-Band TPEs by Application, - Ex South American Revenues for Leased HTS Bandwidth by Application, - Ex GASSD 8th & GASSD 9th Edition South American C-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition South American Ku-Band Forecast Comparison, 2010-

23 Ex GASSD 8th & GASSD 9th Edition South American Ka-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition South American HTS Forecast Comparison, Chapter 5 Ex. 5.1 Atlantic Ocean Region Market Share of Leased C-Band, Ku-Band and Ka-Band TPEs, Ex. 5.2 Atlantic Ocean Region C-Band Application Trends Overview, - Ex. 5.3 Atlantic Ocean Region C-Band TPE Demand by Application, - Ex. 5.4 Atlantic Ocean Region C-Band Net TPE Demand Change by Application, - Ex. 5.5 Atlantic Ocean Region C-Band TPE Supply and Demand, 0- Ex. 5.6 Atlantic Ocean Region Ku-Band Application Trends Overview, - Ex. 5.7 Atlantic Ocean Region Ku-Band TPE Demand by Application, - Ex. 5.8 Atlantic Ocean Region Ku-Band Net TPE Demand Change by Application, - Ex. 5.9 Atlantic Ocean Region Ku-Band TPE Supply and Demand, 0- Ex Atlantic Ocean Region HTS Application Trends Overview, - Ex Atlantic Ocean Region HTS Bandwidth Demand by Application, - Ex Atlantic Ocean Region HTS Net Bandwidth Demand Change by Application, - Ex Atlantic Ocean Region HTS Bandwidth Supply and Demand, - Ex Atlantic Ocean Region C-Band TPE Demand by Application for Inclined Orbit Satellites, Ex Atlantic Ocean Region Ku-Band TPE Demand by Application for Inclined Orbit Satellites, Ex Atlantic Ocean Region C-Band TPE Supply and Demand on Inclined Orbit Satellites, Ex Atlantic Ocean Region Ku-Band TPE Supply and Demand on Inclined Orbit Satellites, Ex Atlantic Ocean Region TPE Supply and Demand on Inclined Orbit Satellites, Ex Atlantic Ocean Region Average C-Band TPE Price by Application, - Ex Atlantic Ocean Region Average Ku-Band TPE Price by Application, - Ex Atlantic Ocean Region Average HTS Bandwidth Price by Application, - Ex Atlantic Ocean Region Revenues for Leased C-Band TPEs by Application, - Ex Atlantic Ocean Region Revenues for Leased Ku-Band TPEs by Application, - Ex Atlantic Ocean Region Revenues for Leased HTS Bandwidth by Application, - Ex GASSD 8th & GASSD 9th Edition Atlantic Ocean Region C-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition Atlantic Ocean Region Ku-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition Atlantic Ocean Region HTS Forecast Comparison, 2010-

24 Chapter 6 Ex. 6.1 Western European Market Share of Leased C-Band, Ku-Band and Ka-Band TPEs, Ex. 6.2 Western European Market Share of Leased HTS Capacity, Ex. 6.3 Western European C-Band Application Trends Overview, - Ex. 6.4 Western European C-Band TPE Demand by Application, - Ex. 6.5 Western European C-Band Net TPE Demand Change by Application, - Ex. 6.6 Western European C-Band TPE Supply and Demand, 0- Ex. 6.7 Western European Ku-Band Application Trends Overview, - Ex. 6.8 Western European Ku-Band TPE Demand by Application, - Ex. 6.9 Western European Ku-Band Net TPE Demand Change by Application, - Ex Western European Ku-Band TPE Supply and Demand, 0- Ex Western European Ka-Band Application Trends Overview, - Ex Western European Ka-Band TPE Demand by Application, - Ex Western European Ka-Band Net TPE Demand Change by Application, - Ex Western European Ka-Band TPE Supply and Demand, 0- Ex Western European HTS Application Trends Overview, - Ex Western European HTS Bandwidth Demand by Application, - Ex Western European HTS Net Bandwidth Demand Change by Application, - Ex Western European HTS Bandwidth Supply and Demand, - Ex Western European C-Band TPE Demand by Application for Inclined Orbit Satellites, Ex Western European Ku-Band TPE Demand by Application for Inclined Orbit Satellites, Ex Western European C-Band TPE Supply and Demand on Inclined Orbit Satellites, Ex Western European Ku-Band TPE Supply and Demand on Inclined Orbit Satellites, Ex Western European TPE Supply and Demand on Inclined Orbit Satellites, Ex Western European Average C-Band TPE Price by Application, - Ex Western European Average Ku-Band TPE Price by Application, - Ex Western European Average Ka-Band TPE Price by Application, - Ex Western European Average HTS Bandwidth Price by Application, - Ex Western European Revenues for Leased C-Band TPEs by Application, - Ex Western European Revenues for Leased Ku-Band TPEs by Application, - Ex Western European Revenues for Leased Ka-Band TPEs by Application, - Ex Western European Revenues for Leased HTS Bandwidth by Application, - Ex GASSD 8th & GASSD 9th Edition Western European C-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition Western European Ku-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition Western European Ka-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition Western European HTS Forecast Comparison, 2010-

25 Chapter 7 Ex. 7.1 Central & Eastern European Market Share of Leased C-Band, Ku-Band and Ka-Band TPEs, Ex. 7.2 Central & Eastern European Market Share of Leased HTS Capacity, Ex. 7.3 Central & Eastern European C-Band Application Trends Overview, - Ex. 7.4 Central & Eastern European C-Band TPE Demand by Application, - Ex. 7.5 Central & Eastern European C-Band Net TPE Demand Change by Application, - Ex. 7.6 Central & Eastern European C-Band TPE Supply and Demand, 0- Ex. 7.7 Central & Eastern European Ku-Band Application Trends Overview, - Ex. 7.8 Central & Eastern European Ku-Band TPE Demand by Application, - Ex. 7.9 Central & Eastern European Ku-Band Net TPE Demand Change by Application, - Ex Central & Eastern European Ku-Band TPE Supply and Demand, 0- Ex Central & Eastern European Ka-Band Application Trends Overview, - Ex Central & Eastern European Ka-Band TPE Demand by Application, - Ex Central & Eastern European Ka-Band Net TPE Demand Change by Application, - Ex Central & Eastern European Ka-Band TPE Supply and Demand, 0- Ex Central & Eastern European HTS Application Trends Overview, Ex Central & Eastern European HTS Bandwidth Demand by Application, - Ex Central & Eastern European HTS Net Bandwidth Demand Change by Application, - Ex Central & Eastern European HTS Bandwidth Supply and Demand, - Ex Central & Eastern European C-Band TPE Demand by Application for Inclined Orbit Satellites, Ex Central & Eastern European Ku-Band TPE Demand by Application for Inclined Orbit Satellites, Ex Central & Eastern European C-Band TPE Supply and Demand on Inclined Orbit Satellites, Ex Central & Eastern European Ku-Band TPE Supply and Demand on Inclined Orbit Satellites, Ex Central & Eastern European TPE Supply and Demand on Inclined Orbit Satellites, Ex Central & Eastern European Average C-Band TPE Price by Application, - Ex Central & Eastern European Average Ku-Band TPE Price by Application, - Ex Central & Eastern European Average Ka-Band TPE Price by Application, - Ex Central & Eastern European Average HTS Bandwidth Price by Application, - Ex Central & Eastern European Revenues for Leased C-Band TPEs by Application, - Ex Central & Eastern European Revenues for Leased Ku-Band TPEs by Application, - Ex Central & Eastern European Revenues for Leased Ka-Band TPEs by Application, - Ex Central & Eastern European Revenues for Leased HTS Bandwidth by Application, -

26 Ex GASSD 8th & GASSD 9th Edition Central & Eastern European C-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition Central & Eastern European Ku-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition Central & Eastern European Ka-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition Central & Eastern European HTS Forecast Comparison, Chapter 8 Ex. 8.1 Middle Eastern & North African Market Share of Leased C-Band, Ku-Band and Ka-Band TPEs, Ex. 8.2 Middle Eastern & North African Market Share of Leased HTS Capacity, Ex. 8.3 Middle Eastern & North African C-Band Application Trends Overview, - Ex. 8.4 Middle Eastern & North African C-Band TPE Demand by Application, - Ex. 8.5 Middle Eastern & North African C-Band Net TPE Demand Change by Application, - Ex. 8.6 Middle Eastern & North African C-Band TPE Supply and Demand, 0- Ex. 8.7 Middle Eastern & North African Ku-Band Application Trends Overview, - Ex. 8.8 Middle Eastern & North African Ku-Band TPE Demand by Application, - Ex. 8.9 Middle Eastern & North African Ku-Band Net TPE Demand Change by Application, - Ex Middle Eastern & North African Ku-Band TPE Supply and Demand, 0- Ex Middle Eastern & North African Ka-Band Application Trends Overview, - Ex Middle Eastern & North African Ka-Band TPE Demand by Application, - Ex Middle Eastern & North African Ka-Band Net TPE Demand Change by Application, - Ex Middle Eastern & North African Ka-Band TPE Supply and Demand, 0- Ex Middle Eastern & North African HTS Application Trends Overview, - Ex Middle Eastern & North African HTS Bandwidth Demand by Application, - Ex Middle Eastern & North African HTS Net Bandwidth Demand Change by Application, - Ex Middle Eastern & North African HTS Bandwidth Supply and Demand, - Ex Middle Eastern & North African C-Band TPE Demand by Application for Inclined Orbit Satellites, Ex Middle Eastern & North African Ku-Band TPE Demand by Application for Inclined Orbit Satellites, Ex Middle Eastern & North African C-Band TPE Supply and Demand on Inclined Orbit Satellites, Ex Middle Eastern & North African Ku-Band TPE Supply and Demand on Inclined Orbit Satellites, Ex Middle Eastern & North African TPE Supply and Demand on Inclined Orbit Satellites, Ex Middle Eastern & North African Average C-Band TPE Price by Application, - Ex Middle Eastern & North African Average Ku-Band TPE Price by Application, -

27 Ex Middle Eastern & North African Average Ka-Band TPE Price by Application, - Ex Middle Eastern & North African Average HTS Bandwidth Price by Application, - Ex Middle Eastern & North African Revenues for Leased C-Band TPEs by Application, - Ex Middle Eastern & North African Revenues for Leased Ku-Band TPEs by Application, - Ex Middle Eastern & North African Revenues for Leased Ka-Band TPEs by Application, - Ex Middle Eastern & North African Revenues for Leased HTS Bandwidth by Application, - Ex GASSD 8th & GASSD 9th Edition Middle Eastern & North African C-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition Middle Eastern & North African Ku-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition Middle Eastern & North African Ka-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition Middle Eastern & North African HTS Forecast Comparison, Chapter 9 Ex. 9.1 Sub-Saharan African Market Share of Leased C-Band, Ku-Band and Ka-Band TPEs, Ex. 9.2 Sub-Saharan African C-Band Application Trends Overview, - Ex. 9.3 Sub-Saharan African C-Band TPE Demand by Application, - Ex. 9.4 Sub-Saharan African C-Band Net TPE Demand Change by Application, - Ex. 9.5 Sub-Saharan African C-Band TPE Supply and Demand, 0- Ex. 9.6 Sub-Saharan African Ku-Band Application Trends Overview, - Ex. 9.7 Sub-Saharan African Ku-Band TPE Demand by Application, - Ex. 9.8 Sub-Saharan African Ku-Band Net TPE Demand Change by Application, - Ex. 9.9 Sub-Saharan African Ku-Band TPE Supply and Demand, 0- Ex Sub-Saharan African Ka-Band Application Trends Overview, - Ex Sub-Saharan African Ka-Band TPE Demand by Application, - Ex Sub-Saharan African Ka-Band Net TPE Demand Change by Application, - Ex Sub-Saharan African Ka-Band TPE Supply and Demand, 0- Ex Sub-Saharan African HTS Application Trends Overview, - Ex Sub-Saharan African HTS Bandwidth Demand by Application, - Ex Sub-Saharan African HTS Net Bandwidth Demand Change by Application, - Ex Sub-Saharan African HTS Bandwidth Supply and Demand, - Ex Sub-Saharan African C-Band TPE Demand by Application for Inclined Orbit Satellites, Ex Sub-Saharan African Ku-Band TPE Demand by Application for Inclined Orbit Satellites, Ex Sub-Saharan African C-Band TPE Supply and Demand on Inclined Orbit Satellites,

28 Ex Sub-Saharan African Ku-Band TPE Supply and Demand on Inclined Orbit Satellites, Ex Sub-Saharan African TPE Supply and Demand on Inclined Orbit Satellites, Ex Sub-Saharan African Average C-Band TPE Price by Application, - Ex Sub-Saharan African Average Ku-Band TPE Price by Application, - Ex Sub-Saharan African Average Ka-Band TPE Price by Application, - Ex Sub-Saharan African Average HTS Bandwidth Price by Application, - Ex Sub-Saharan African Revenues for Leased C-Band TPEs by Application, - Ex Sub-Saharan African Revenues for Leased Ku-Band TPEs by Application, - Ex Sub-Saharan African Revenues for Leased Ka-Band TPEs by Application, - Ex Sub-Saharan African Revenues for Leased HTS Bandwidth by Application, - Ex GASSD 8th & GASSD 9th Edition Sub-Saharan African C-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition Sub-Saharan African Ku-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition Sub-Saharan African Ka-Band Forecast Comparison, Ex GASSD 8th & GASSD 9th Edition Sub-Saharan African HTS Forecast Comparison, Chapter 10 Ex East Asian Market Share of Leased C-Band, Ku-Band and Ka-Band TPEs, Ex East Asian Market Share of Leased HTS Capacity, Ex East Asian C-Band Application Trends Overview, - Ex East Asian C-Band TPE Demand by Application, - Ex East Asian C-Band Net TPE Demand Change by Application, - Ex East Asian C-Band TPE Supply and Demand, 0- Ex East Asian Ku-Band Application Trends Overview, - Ex East Asian Ku-Band TPE Demand by Application, - Ex East Asian Ku-Band Net TPE Demand Change by Application, - Ex East Asian Ku-Band TPE Supply and Demand, 0- Ex East Asian Ka-Band Application Trends Overview, - Ex East Asian Ka-Band TPE Demand by Application, - Ex East Asian Ka-Band Net TPE Demand Change by Application, - Ex East Asian Ka-Band TPE Supply and Demand, 0- Ex East Asian HTS Application Trends Overview, - Ex East Asian HTS Bandwidth Demand by Application, - Ex East Asian HTS Net Bandwidth Demand Change by Application, - Ex East Asian HTS Bandwidth Supply and Demand, - Ex East Asian C-Band TPE Demand by Application for Inclined Orbit Satellites, Ex East Asian Ku-Band TPE Demand by Application for Inclined Orbit Satellites, Ex East Asian C-Band TPE Supply and Demand on Inclined Orbit Satellites, Ex East Asian Ku-Band TPE Supply and Demand on Inclined Orbit Satellites, Ex East Asian TPE Supply and Demand on Inclined Orbit Satellites, Ex East Asian Average C-Band TPE Price by Application, -