Market Trends

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.

Dublin, Ireland, September 24, 2024 - The global market for Satellite Phones was estimated at US$ 602.8 Million in 2023 and is projected to reach US$ 722.8 Million by 2030, growing at a CAGR of 2.6% from 2023 to 2030 according to Research and Markets. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Paris, France, September 18, 2024 - Novaspace, a merger between Euroconsult and SpaceTec Partners, the leading space consulting and market intelligence firm announces the release of the highly anticipated 27th edition of  "Satellites to be Built and Launched” forecasting a record-breaking surge in satellite demand through 2033.

Dublin, Ireland, September 16, 2024 - The global satellite flat panel antenna market was valued at US$ 7.28 billion in 2023 and is expected to reach $32.95 billion by 2034, growing at a CAGR of 15.04% during the forecast period 2024-2034 accoridn to new research from Research and Markets.

Paris, France, September 15, 2024 – Novaspace, a space consulting and market intelligence firm formed by the merger of Euroconsult and SpaceTec Partners, has released its latest edition of the ‘Satellite Connectivity & Video Market’ report, revealing significant shifts across the satellite communications industry.

Dublin, Ireland, September 9, 2024 --The SATCOM on the move (SOTM) market is experiencing notable growth, driven by various key factors and market drivers. By 2024, the market is estimated to be valued at US$ 32.16 billion, with a projected compound annual growth rate (CAGR) of 13.86% to reach US$117.75 billion by 2034 according to new research from Research and Markets.