Press Release

Your reference for industry analysis and knowledge

For questions, interview requests, or to use Euroconsult market data, please use the contact form.

Lunar ambitions boost space exploration funding as investment set to reach $33 billion by 2032

Paris, Washington D.C., Montreal, Yokohama, Sydney, October 02, 2023. Lunar exploration is the catalyst behind an unprecedented surge in the space exploration sector which saw global government investment rise to an impressive $26 billion during 2023. Ambitious lunar missions are projected to boost investment to nearly $33 billion by 2032, a growth trajectory which underscores lunar exploration’s pivotal role in shaping the future of space exploration. The figures are revealed in the just published fourth edition of Euroconsult’s ‘Prospects for Space Exploration’ report.

Read More

Turbulent Satcom market prepares for decade of expansion after substantial infrastructure investments

Paris, Washington D.C., Montreal, Yokohama, Sydney, September 25, 2023. The satellite communication landscape is poised for a transformative decade of growth as satellite capacity demand is projected to surge from 3.6 Tbps (TeraBytes Per Second) in 2022 to 51 Tbps in 2032, representing a 31% CAGR (compound annual growth rate), with all data segments expected to observe exponential growth in the next 10 years.

Read More

Prestigious Annual Awards for Excellence Celebrates Space-Based Information and Recognizes Startup Success

Paris, Washington D.C., Montreal, Yokohama, Sydney Friday 15th September 2023. An exclusive space sector awards ceremony celebrating outstanding achievements in the field of Earth Observation concluded today with four companies scooping the top awards, while stand-out startup businesses were also acknowledged through the highly regarded Finspace contest and inaugural Space Business Catalyst award. The event marked the finale of World Satellite Business Week in Paris, a flagship conference organized by Euroconsult, the leading space consulting and market intelligence firm.

Read More

Sultanate of Oman partners with Euroconsult to launch Middle East Space Conference

Paris , Washington D.C., Montreal, Yokohama, Sydney, Tuesday 12th September 2023. The Ministry of Transport, Communications, and Information Technology of Oman (MTCIT) has announced it will hold a conference to promote space in the Middle East and the country’s role as a strategic gateway for attracting investments in space applications and technologies into the region.

Read More

Smallsat market keeps growing despite supply challenges and Starlink moving to larger form factors

Paris, Washington D.C., Montreal, Yokohama, Sydney, July 25, 2023. Around 26,104 smallsats (satellites <500 kg) will be launched between 2023-2032, representing a daily launch mass of 1.5 tons over the 10-year period, according to Euroconsult, the leading global strategy consulting and market intelligence firm specializing in the space sector and satellite-enabled verticals.

Read More

Euroconsult marks 40-year milestone with shareholder refresh

New York, Paris, Montreal, Yokohama, Sydney, July 12th, 2023 – Leading space advisory firm, Euroconsult, has announced a major process of evolution for the group and its shareholders, as the company seeks to enable and drive forward its next decade of success via a simplified, fully integrated operational structure.

Read More

Space investment tracker launched at New York summit

New York, Paris, Montreal, Yokohama, Sydney, June 14, 2023. The role of space capabilities in environmental monitoring and the battle against climate change was stressed again during the Secure World Forum’s Summit for Space Sustainability in New York this week. Whether for measuring greenhouse gas emissions, monitoring coastal erosion, tracking wildfires, or predicting moisture levels in the soil, satellites are a keystone of present and future climate change monitoring and adaptation efforts. In particular, the event highlighted the growing involvement of commercial space companies in measuring the effects of climate change or acting as a fact-checkers for Environmental Social Governance (ESG) commitments. Many of these companies have developed and launched their satellite capabilities recently, thanks to private capital raised on the space financing market.

Read More

Maritime bandwidth capacity demand set to increase twentyfold by 2032

Paris, Washington D.C., Montreal, Yokohama, Sydney, May 4, 2023. With the most serious restrictions of COVID-19 now generally in the rearview mirror, leading market intelligence firm Euroconsult estimates that maritime connectivity sectors have mostly recovered from the pandemic’s influence on supply chains and vessel activity at the end of 2022. According to Euroconsult’s forecasts, maritime satellite communication operators are expected to surpass $1.1 billion in revenues by 2032 at a 7% CAGR over the decade. Though some service providers will see a fall in their average revenue per unit (ARPU), total service revenues are expected to grow at a similar CAGR, falling slightly short of $3 billion by 2032.

Read More

Growing flexibility and sustainability requirements in space to drive space logistics revenues to $4B over 2023 to 2032

Paris, Washington D.C., Montreal, Yokohama, Sydney, April 17, 2023. An emerging set of in-orbit services aimed at increasing flexibility, sustainability, and safety for satellite operators from launch to end of life, could materialize into a space logistics ecosystem featuring frequent service interactions between spacecraft in orbit, according to leading space consultancy and market analysis firm Euroconsult in its recently published ‘Space Logistics Market’ report (2nd edition).

Read More