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The satellite services market is projected to reach a revenue of 4.5 billion by 2026, growing at a CAGR of 2.2% from 2019 to 2026. The increase in demand for earth-observing applications and satellite services from developed regions such as North America and Europe is driving the growth of the market. The commercial aviation sector also contributes to the demand for satellite services, particularly for air traffic management.

While there is a decrease in demand for satellite television services in the U.S., countries in the Middle East and Asia are experiencing a lower penetration of high definition channels. This presents an opportunity for growth in the consumer services segment in the future.

The satellite services market is segmented based on type, end-user industry, and region. The consumer services segment dominated the market in 2018, fueled by a large consumer base in Europe and certain countries in Asia-Pacific. In terms of end-user industry, the media and entertainment segment held the highest market share.

Asia-Pacific is expected to experience the fastest growth rate, with countries like China, Japan, South Korea, and India aiming to improve connectivity. This leads to a rise in demand for satellite broadband and fixed satellite services in the communication sector.

Key players in the satellite services market include Inmarsat plc, Intersputnik, MEASAT, PCCW Global, Intelsat, SES S.A., Eutelsat Communications SA, Viasat, Inc., Echostar Corporation, China Satellite Communications Co., Ltd. (China Satcom), Thuraya Telecommunications Company, and Asia Satellite Telecommunications Co. Ltd. Other notable players in the market include Vista, Spacecom International, and Thaicom Public Company Limited.

In conclusion, the satellite services market is expected to grow steadily, driven by increasing demand for earth-observing applications and satellite services. The market is also influenced by the growth of the commercial aviation sector and the need for improved connectivity in various regions.

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