Market Trends

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.

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.

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.

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 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.

by Elisabeth Tweedie

Los Angles, Calif., November 19. 2024 - The satellite ecosystem has been going through a period of tremendous change and growth overthe last few years. According to Euroconsult (now known as Novaspace), the global space economy grew over 34% in the five years to 2023 to be worth US$ 509 billion and is projected to continue growing to reach US$759 billion by 2030. A lot of this growth is attributed to “New Space,” a generic term, referring to the rapid changes taking place in the satellite ecosystem.

MarketBrief report on Innovations in Teleport Services sponsored by Es'hailSat

Featuring:

Innovations in Teleport Services by Elisabeth Tweedie

Interview with Zoubair Karchi, Vice-President Technical, Es'hailSat

To read or download the pdf of full report click here

Dublin, Ireland, November 1, 2024.- The small satellite market is estimated to grow to US$ 11.2 billion by 2029, from US$ 5.2 billion in 2024, at a CAGR of 16.6% from 2024 to 2029. The anticipated number of small satellite launches from 2024 is expected to increase by around 1442 from 3220 units to reach 4,662 units in 2029 accoridng to new research from Research and Markets.

Dubai, UAE., October 15, 2024 - Research from Nokia reveals that 60% of CSPs in MEA region are adopting 5G to enhance their digital transformation. While 4G subscriptions are projected to stabilize by 2027, 5G adoption is anticipated to surge dramatically, signifying a pivotal shift in the region's technological landscape.

Paris, France,  October 2, 2024 – Novaspace, a merger between Euroconsult and SpaceTec Partners, one of the leading space consulting and market intelligence firm, has released its 12th annual report ‘New Prospects for In-Flight Connectivity’ which reveals continued growth in the market. It highlights key global trends, including an increase in connected aircraft, the rise of NGSO-based satellite services and the growing impact of mergers and collaborations between service providers.