Market Trends

New York, NY, June 11, 2024 – The World Teleport Association (WTA) today released The Year of the NGSOs, a new research report that explores how the teleport business model will continue to adapt to a market of verticalized, multi-orbit connectivity and the technology innovations that can extend their competitive advantage in a changing ecosystem.

Paris, France, June 6, 2024 – Space consulting and market intelligence firm Novaspace, born from the recent merger between Euroconsult and SpaceTec Partners,  finds that space safety and sustainability concerns are driving cautious interest for In-Orbit Services and commercial Space Situational Awareness in its latest Space Logistics Markets report and projects around US$ 4.6 Billion in commercial revenue over the decade.

Basingstoke, UK, June 4, 2024 - A new study by Juniper Research, the foremost experts in Internet of Things (IoT) markets, has found that investment by space vendors and agencies in space-based solar energy will grow from US$ 370 million in 2024 to US$ 1.9 billion in 2029.

by Elisabeth Tweedie

Dubai, UAE, May 20, 2024--Looking at recent developments in the satellite market in the Middle East, two words spring to mind: growth and partnerships.  In a white paper “Beyond the Stars,” written for the Sultanate of Oman, Novaspace (formerly Euroconsult)describes the Middle East as a “global hotspot for space activities.”  The space economy in the region has tripled in the last decade to an estimated value of US$ 25 billion in 2023, and is expected to reach US$ 75 billion by 2032. 

New York City, NY, May 1, 2024 - The satellite Internet of Things (IoT) market is transforming remarkably, driven by technological advancements and an ever-increasing demand for global connectivity. As the world becomes more interconnected, the limitations of terrestrial networks become apparent, particularly in remote and underserved regions. This is where satellite IoT steps in, bridging the gap with its ability to provide widespread, reliable connectivity across the globe. Global technology intelligence firm ABI Research forecasts the market to surge past the US$4 billion mark by 2030, signaling significant growth potential in the market.

Paris, France,  May 1, 2024 – Novaspace, a merger between Euroconsult and SpaceTec Partners, a space consulting and market intelligence firm, anticipates that standardization will drive democratization, catalyzing the fast-paced technological evolution of optical communications and the market. Government-supported standardization efforts, such as the SDA program, have been conducted to drive down costs and enable larger adoption of laser communications technology, which for the moment, remains costly.

Paris, France, April 25, 2024 – Significant and ongoing transformations in the High Throughput Satellites (HTS) market are confirmed in the 7th edition of the 'High Throughput Satellites' report from leading space consulting and market intelligence firm Novaspace, a merger between Euroconsult and SpaceTec Partners. The report underscores the pivotal role of Non-Geostationary Orbit (NGSO) constellations in reshaping the satellite connectivity industry, with the latter to emerge as the primary driver in coming years.

Bristol, UK., April 19, 2024 - Once again, Rethink TV has its finger firmly on the pulse and this new report arrives just as Netflix confirms its commitment to the rapid scaling up of ad-supported subscription tiers. 

Alexandria, Va., April 18, 2024 - BryceTech announced the new edition of its annual Smallsats by the Numbers report. In 2023, a record number of 2,680 smallsats (≤1200kg) were launched, an 18% increase from 2022 and a 61% increase from 2021. Smallsat broadband  megaconstellation operators dominated smallsat activity in 2023 and are continuing deployments in 2024

 Paris,France, April 15, 2024 – The satellite communications market has seen significant changes across its value chain, bringing forth new technological innovations that include flexible satellites and more specifically, Software-Defined Satellites (SDS). Geostationary Earth Orbit (GEO) satellite operators have been compelled to respond to increased competition amidst these market shifts. One approach is to optimize the utilization of GEO satellites; however, the rigidity and fixed capacity of traditional GEO satellites is a notable constraint. Therefore, the advent of flexible satellites presents an attractive solution to a variety of problems.