Market Trends

Ground Segment Forecasted at US$ 78 Billion Cumulated Market Value from 2022 to 2031 by Euroconsult

Paris, France, September 1, 2022–The latest Ground Segment Market report by leading space consulting and market intelligence firm Euroconsult projects the ground station segment to remain quite stable over the 2022 – 2031 period, with a year-on-year growth of 1.4% and a forecasted market value of US$ 3.6 Billion by 2031, driven by the growing demand for data & services.

NSR Report: Commercialization of Space Driving nearly 570 Exabytes of Information

Cambridge, Mass., August 18, 2022 – NSR’s newly released Space Traffic Study, 2nd Edition report finds that commercialization of more segments of the space value-chain is driving a rapid increase in traffic volumes. Although markets such as Earth Observation or Space Tourism still only account for 5% of the cumulative data volumes between 2021 and 2031, cloud connectivity and increased investments to downlink data ‘from space’ are paying off in total data volumes.

Satellite Connectivity for the Energy Market

by Elisabeth Tweedie
 
Los Angeles, Calif., August 18,2022--The last few years have been turbulent ones for the oil and gas industries.  First, tumbling prices, initially due to a 30% decrease in demand as the pandemic effectively grounded airlines and severely curtailed other public transport and private vehicle usage.  This was rapidly followed by a price war, as Saudi Arabia stepped up output in a bid to become the dominant supplier.  At the same time, the industry, like many others was suffering a shortage of personnel due to the pandemic.  A serious issue for an industry that operates heavy machinery in remote locations.  

In-Flight Connectivity Market Set to Double in Coming Decade

Paris, France, August 17, 2022Analysis by leading space consulting and market intelligence firm Euroconsult shows a 10% increase in the number of commercial aircraft connected to in-flight services compared to 2020, totalling 9,900 planes by the end of 2021. Within the next decade, the number of aircraft using such services is expected to double to more than 21,000.

The Airborne SATCOM market Projected to Reach US$ 7.3 billion by 2027

Dublin, Ireland, August  3, 2022--The airborne SATCOM market is estimated to be US$ 5.4 billion in 2022 and is projected to reach US$ 7.3 billion by 2027, at a CAGR of 6.5% from 2022 to 2027. Growth of this market can be attributed to increased adoption of SATCOM transceivers, Increasing aircraft deliveries and growing demand for customized SATCOM on the move solutions according to a new report by Research and Markets.

Asia Pacific Online Video Opportunity To Scale To US$73 Billion By 2027

Singapore, August 1, 2022--Analysis released by Media Partners Asia (MPA)  indicate that total Asia Pacific online video industry revenue will grow by 16% year-on-year in 2022 to reach US$49.2 billion, according to the new report Asia Pacific Online Video & Broadband Distribution 2022, published by MPA.

Euroconsult Predicts One ton of Smallsats to be Launched per day on Average Over the Next Decade

Paris, France, July 14, 2022--The latest update of “Prospects for the Small Satellite Market” was released this week by Euroconsult, forecasting further growth in the global supply and demand of government, commercial and academic satellites weighing up to 500 kg. The market intelligence report, now in its 8th edition, anticipates that about 18,500 smallsats will be launched over 2022-2031, representing about 365 tons per year, i.e., one ton per day to be launched on average over the next ten years. However, the smallsat market presents a growing number of challenges such as high inflation, limited market addressability, difficult profitability, oversupply risk and concentration of the market by a handful of established players.

‘Plotting the Route to a Greener Future’ Report Examines How Satcom-enabled Technologies Can Reduce the Aviation Industry’s Emissions

London, UK, July 14, 2022--The aviation industry is exploring a number of longer-term solutions to meet its commitment for net zero emissions by 2050, including a transition from fossil fuels. However, a new whitepaper by Inmarsat and award-winning aviation journalist Elan Head highlights that the number of practical, immediately-viable options is limited to only two: either simply reduce flying or optimize the efficiency of flight operations.

Commercial Satellite Imaging Market to Surpass US$ 9.2 Billion by 2031

Portland, OR, July 05, 2022-- According to a report published by Allied Market Research, the global commercial satellite imaging market generated US$3.3 billion in 2021, and is estimated to reach US$9.2 billion by 2031, witnessing a CAGR of 11.3% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Maritime Users to Increase Satellite Constellations Spending by 16x

Cambridge, Mass. July 1, 2022 - NSR’s Maritime Satcom Markets, 10th Edition report finds Satellite Constellations from the likes of SES mPower, Starlink, OneWeb, Telesat Lightspeed, and more, poised to start a new era for maritime satellite connectivity. The revolution of low latency satellite constellations is underway, and their entrance into the Maritime market will have a profound impact on both uptake and revenue.