Market Trends

The Optical Satellite Communication Market to Reach US$ 22.55 billion in 2026

Dublin, Ireland, December 26, 2022--The global optical satellite communication market is expected to grow from US$ 8.50 billion in 2021 to US$ 10.46 billion in 2022 at a compound annual growth rate (CAGR) of 23.1%. The optical satellite communication market is expected to reach US$ 22.55 billion in 2026 at a CAGR of 21.2% according to Research and Markets.

Global Market for Commercial Earth Observation Data and Services to Reach US$ 7.9 billion by 2031

Paris, France, December 16, 2022 – Euroconsult’s latest ‘Earth Observation Data & Services Market’ report provides a global assessment of the EO satellite-based commercial demand for imagery and value-added services, with expanded granularity by user type, including now a finer breakdown between B2B and B2G, across the 32 vertical subsegment applications in 8 regions and by more various sensor typologies.

New Record in Government Space Defense Spendings Driven by Investments in Space Security and Early Warning

Paris, France,  December 15, 2022 - Leading space consulting and market intelligence firm Euroconsult has released the 22nd edition of its annual “Government Space Programs” report this week, evidencing a continued increase in global governments’ space budgets. This year has seen a cumulative spend of $103B in 2022, a 9% increase since last year and a record high for the sector. Despite the recent pandemic crisis, governments have increased their investments in the sector to further support the development of their industry and sustain their ambitions.  

Satellite Demand to Quadruple Over the Next Decade

Paris, France, December 12, 2022 - The latest update of Satellites to be built and launched released this week by Euroconsult forecasts a fourfold growth in the number of satellites driven by commercial constellations. The market intelligence report, now in its 25th edition, anticipates over 2,500 satellites to be launched on average every year – or 7 satellites a day totaling 3 tons of mass - over 2022-2031. Civil government and defense customers will remain legacy customers, holding the largest market value of $29 billion every year with three-quarters of the demand in manufacturing and launch. The six leading space faring governments or organizations alone (U.S, China, Russia, Japan, India and European governments, EU and ESA) will account for two third of the demand in value. 

New WTA Report, “How to Win Business from a Telco or MNO,” Explores New Opportunities for Teleports in Terrestrial Telecom

wtalogo.gifNew York City, NY., November 22, 2022 - The World Teleport Association (WTA) today released How to Win Business from a Telco or MNO, a new research report that details the experiences of teleport and satellite operators and their technology partners that have made the investments necessary to win telco business and the lessons learned about the challenges, requirements and opportunities. The report is sponsored by Kratos.

Global Governmental Space Exploration Investments to Reach $31 Billion by 2031 as Public and Private Players Reach for the Moon

Paris, France,  November 3, 2022 -- The latest edition of the Prospects for Space Exploration report from Euroconsult predicts global governmental investments in space exploration will reach $31B within the next decade. The report identifies key budget drivers that include the continuation of increased funding in transportation, orbital infrastructure, and in lunar exploration. The public and private focus on establishing a sustainable lunar presence, while also maintaining a sustained LEO human presence, will also beat the heart of space exploration roadmaps in the years to come.

Commercial Satellite Imaging Market Size Expected to grow to 8.5 Billion by 2030

Jaipur, India,  October 21, 2022--According to Market Statsville Group (MSG), the global commercial satellite imaging market size is expected to grow from USD 3.3 Billion in 2021 to US$ 8.5 Bil. by 2030, at a CAGR of 11.1% from 2022 to 2030. Commercial satellite imaging is a technique for displaying high-resolution datasets of ground conditions.

NSR’s Non-GEO Constellations Analysis Toolkit v3.0 Expands Surveyed Systems and Doubles Benchmarking

Cambridge, Mass., September 6, 2022 -  NSR launched today the Version 3.0 of its Non-GEO Constellations Analysis Toolkit (NCAT3), enhancing the industry-leading evaluation toolset of LEO and MEO satellite constellations. NCAT3 expands the set of NSR-surveyed systems to 72 sub-constellations and doubles benchmarking capability to 100 concurrent shells.

Trends in Satellite Video Broadcasting

by Thomas Wrede

Luxembourg, September 5, 2022--In many countries satellite video broadcasting is a major means of linear TV and radio delivery. But consumers today expect the convenience of watching linear and on-demand content on portable devices such as tablets, notebooks and mobile phones. Consequently, most video content providers now have dual-platform operations: a legacy (satellite) broadcast head-end, using MPEG Transport Stream delivery that serves integrated digital TVs or set-top boxes connected to consumers’ main room TV screens, and in addition an OTT streaming platform supporting live and on-demand content distribution, using unicast adaptive bit rate (ABR) streaming to mobile devices. 

Inmarsat Study Reveals Surge in Maritime Data Usage as Shipping Industry Seeks Increased Connectivity

London, UK, September 1, 2022--Data usage on commercial maritime vessels has jumped more than threefold since 2019, according to new communications analysis by Inmarsat  that underlines the shipping industry’s reliance on digital connectivity to enhance operating efficiency and safeguard crew welfare during a period of unprecedented disruption to seaborne trade.