Market Trends

Satellite Consumer Direct-to-Device: Trends and Forecasts 2023–2033

London, UK, January 21, 2025--A new report from Analysys Mason reveals that  the consumer Direct-to-Device (D2D) market is poised to revolutionise accessibility and bridge connectivity gaps, and cumulative revenue will reach more than US$ 100 billion between 2023 and 2033.

Defense Spending Drives Government Space Budgets to Historic High

Paris, France,. January 15, 2025 – Space consulting and market intelligence firm Novaspace, has released the 24th edition of its annual Government Space Programs (GSP) report. The report reveals that global government space investments reached  approximately US$ 135 billion in 2024, a 10% increase compared to 2023. Defense spending, now the majority of budgets at US$ 73 billion (54%), underscores space’s growing importance as a contested and strategic domain. 

Analysys Mason Releases New Report on the Military Satellite Market

London, UK, January 15, 2025--Ananlysys Mason has released a new report Military Satellite Communications: Infrastructure Developments 2000–2030" which assesses the developing military satellite communications (milsatcom) market worldwide and offers a framework of recommendations to help interested parties to understand the demands, trends and challenges in the market.

The Space Economy to Reach US$ 944 Billion by 2033

Paris, France January 9, 2025 –Space consulting and market intelligence firm Novaspace has released the 11th Edition of its Space Economy Report, forecasting the global space economy to grow from $596 billion in 2024 to US$ 944 billion by 2033. This steady growth, driven primarily by advancements in downstream solutions, marking a pivotal decade for the industry.

Smallsat Market Maintains Momentum Despite Starlink and Starshield Disruption, Increasingly Fueled by Government Demand

Paris, France, December 12, 2024 – The latest edition of Novaspace’s Prospects for the Small Satellite Market market intelligence report forecasts robust growth in the small satellite (smallsat) industry, projecting a market value of approximately US$ 113.3 billion over the next decade. This expansion will be fueled by the replenishment of satellite constellations globally and the rising complexity and cost of government-driven single-satellite missions.

Direct-to-Device Satellite Services Drive the Next Wave of Global Connectivity

Paris, France, December 10, 2024–Novaspace has released the 9th edition of its report Prospects for Direct to Handheld and IoT Markets. The study projects the direct-to-device satellite connectivity market to grow from US$ 1.5 billion today to nearly US$ 15 billion by 2033, fueled by rapid advancements in technology and expanding satellite networks.

Commercial Earth Observation Market To Reach US $8 Billion by 2033

Paris, France, November 27, 2024 – The Earth Observation (EO) Market is set for significant growth, according to the newly released 17th edition of the Earth Observation Data and Services Market report by Novaspace, a leading space consulting and market intelligence firm formed by the merger of Euroconsult and SpaceTec Partners. Currently valued at $5 billion, Novaspace projects the EO market to exceed $8 billion by 2033, with the services segment growing from $3.1 billion to $4.9 billion during the same period.

IoT Cybersecurity Market to Reach $60 Billion Globally by 2029

Hampshire, UK., November 20, 2024 - A new study from Juniper Research, the foremost experts in the Internet of Things (IoT) market, has found that global IoT cybersecurity market revenue will double over the next five years; rising from US$ 27 billion in 2024.

New WTA Report Explores How VHTS Satellites are Impacting and Reshaping the Ground Segment

New York, NY, November 19, 2024 – The World Teleport Association (WTA) today released Ground Segment for the VHTS Generation, a new research report that examines the impact of VHTS satellites on the ground segment, the underlying technologies and their role in reshaping the industry. The report is sponsored by Kratos.