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Paris and Montreal – Euroconsult, the leading international research and analysis firm specialized in the space sector, today announced that global budgets for space programs have reached a plateau of roughly $70 billion, confirming a slowdown in expansion experienced by the space industry for the last 10 years. According to Euroconsult’s new report “Profiles of Government Space Programs: Analysis of 60 Countries & Agencies,” Space programs received a short-term boost in recent years from several governments to counter the economic crisis. However, they must now undergo even more stringent budget constraints exemplified by the European public debt crisis and the U.S. Budget Control Act of 2011. In addition, the decrease of global funding for space programs is also the consequence of the inherently cyclical nature of public investment in certain space applications and programs, particularly when related to the procurement of operational systems. New leading and emerging space programs in Asia, Latin America and Middle East/Africa will represent the first budget growth driver confirming a changing environment for the global space sector.
Paris & Montreal – Euroconsult, the leading international research and analysis firm specializing in the satellite and space sectors, today forecast that the number of satellite communications terminals in the global maritime market will nearly double over the next decade, with a compound annual growth rate (CAGR) of 7% over the 10-year period. While MSS terminals are still expected to account for the majority of terminals deployed over the decade, VSAT service providers should gain significant market share in terms of revenue in the coming 10 years.
Paris and Montreal – Euroconsult, the leading international consulting and analyst firm specializing in the satellite and space sectors, announced today that it expects prospects for the satellite industry to remain favorable over the decade in a variety of areas. The next ten years should see continued growth for commercial markets, while at the same time stagnating growth for government spending should be expected at least through mid-decade.
Paris and Montreal – Despite ongoing budget cutbacks and measures of fiscal restraint, governments will continue to drive the Earth observation (EO) industry over the coming decade through new satellites and a growing demand for data. According to Euroconsult, the leading international research and consulting firm specialized in the satellite sector, the expansion in EO satellite missions impacts the entire value-chain, from manufacturing to data supply and services for an ever-growing number of end-users. Geographical expansion will also play a role in future growth as new government initiatives emerge and commercial data distribution networks proliferate across the globe.