Press Release

Paris, Washington D.C., Montreal, Yokohama – In its latest survey titled, Euroconsult, the world’s leading authority on space and satellite-based application markets, forecasts that the market for data and services derived from Earth observation (EO) satellites is expected to grow by 9.4 percent each year for the next ten years for a total upside market value of $12.1 billion by 2028.

Paris, Washington D.C., Montreal, Yokohama – Euroconsult, the world’s leading authority on space and satellite-based applications, released its flagship research, which predicts that the satellite communications market will grow to $19.4 billion by 2028. Following a decline that began in 2014, the research forecasts a return to revenue growth beginning in 2020, driven by demand for broadband applications, including rural connectivity, in-flight communications, as well as cellular backhaul.

Paris, Washington D.C., Montreal, Yokohama – According to Euroconsult’s newly released research report,the number of connected commercial aircraft will increase from 8,200 at the end of 2018 to more than 20,500 over the next ten years. The research suggests that satellite operators and service providers stand to benefit the most from the market growth with increased revenues associated with aircraft connectivity.

Paris, Washington D.C., Montreal, Yokohama – According to Euroconsult’s newly released research,market for small satellite (smallsat) manufacturing and launch will grow from $12.6 billion in 2009-2018 to $42.8 billion in the coming decade from 2019-2028, nearly quadrupling in size. While the growth is led by large constellations such as OneWeb, SpaceX’s Starlink and Amazon’s Project Kuiper, the findings show that the smallsat industry is highly diverse, with demand from a variety of operators, start-ups, universities, and countries.

Paris, Washington D.C., Montreal, Yokohama – According to Euroconsult’s newly released research global government space budgets are in the early stages of a ten year growth cycle with total world expenditures reaching $70.9 billion in 2018, and forecast to grow to $84.6 billion by 2025. The report, which is trusted by hundreds of organizations around the world, provides important detail on how much investment is expected by region with profiles of space programs in 86 countries. It includes analysis of seven different application areas for each country including Earth observation, satellite navigation, space science and exploration, space security, communications, launch vehicles and manned spaceflight.

Paris, Washington D.C., Montreal, Yokohama – According to Euroconsult’s latest report, the maritime connectivity market continues to be vibrant, as shipowners transition to the next level of broadband connectivity. The merchant, passenger and leisure segments have all been supporting growth in revenues and capacity usage, while a rebound on oil pricing would accelerate the offshore segment. In addition to capacity, an increasing focus is on the supply of value-added services and on the outsourcing of daily operations by shipping companies.

Paris, Washington D.C., Montreal, Yokohama – According to Euroconsult’s latest report, the commercial satellite ground segment market, including satcom applications, EO applications and user terminals for user applications, is going through significant expansion in terms of both capabilities and demand and will grow from $264 million in 2018 to nearly $360 million in 2028. The aggregated market value in the next decade is expected to achieve $4 billion. The initial Euroconsult report covers only large gateways, while the second part of the report dedicated to user terminals will be published in several months.

Paris, Bethesda, Washington D.C., Montreal, Yokohama – The Euroconsult Group and RKF Engineering Solutions are pleased to announce they have entered into a partnership agreement, combining Euroconsult’s industry leading strategic and operational consulting and research services with RKF’s innovative engineering solutions for communication networks and satellite systems. This collaboration will enable each of the independent entities to rely on the services portfolio of the other in order to bring added value to government and private sector clients alike.

Paris, Washington D.C., Montreal, Yokohama – According to Euroconsult’s latest report, the China space value chain had an estimated size of more than $16 billion in 2017, with the downstream market accounting for just over 85%. Satellite Navigation, one of the key satellite applications in China, was the main revenue generator in 2017, ahead of Satellite Communications and Earth Observation.

Paris, Washington D.C., Montreal, Yokohama – According to the 21st edition of its report, Euroconsult anticipates that 330 satellites with a mass over 50 kg will be launched on average each year by 2027 for government agencies and commercial organizations worldwide. This is a threefold increase over the past decade as the satellite market experiences a paradigm shift with the rise of small satellites and large constellations.