Market Trends

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. 

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.

Hereford, UK, January 13, 2025 - Research from ETL Systems, a provider of RF distribution equipment, has shown that the UK has made bold strides in becoming a key player in the global space sector, investing in ambitious projects, and nurturing the next generation of talent. 

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.

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

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.

Alexandria, Va., December 9, 2024--BryceTech projects near-term growth in spacecraft and heavy-lift launches open to U.S. commercial providers, driven primarily by the deployment of megaconstellations.

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.