Press Release

Your reference for industry analysis and knowledge

For further information, interview requests or the use of Euroconsult market data, we would be happy to hear from you.

Space economy valued at $385 billion in 2020, with commercial space revenues totaling over $310 billion

Paris, Washington D.C., Montreal, Yokohama – In its latest research product Euroconsult estimates that the consolidated space economy, including both government space investments, as well as commercial space, totaled $385 billion in 2020, a record amount. Commercial revenues of $315 billion in 2020 were down 2% from 2019’s $319 billion evaluation, due partially to the Covid-19 pandemic affecting certain commercial markets – in particular satellite communication sub-segments focused on high mobility such as, aero, maritime, offshore oil and gas, though other factors, such as video-related revenues continuing their pre-Covid downward trend contributed to the decrease. Added to these commercial revenues are the $70 billion invested by government space budgets in 2020 (excluding government expenditures on commercial services, counted as commercial revenues), a 10% increase over 2019 government spending. There was no visible impact in 2020 on government space investments as budgets were voted before the pandemic, though the sustainability of these high government space investments post-Covid remains to be seen.

Read More

Amid global economic turbulence, governments maintain firm financial commitment to space

Paris, Washington D.C., Montreal, Yokohama – Amid a tumultuous year for the global economy, government space program budgets maintained their growth trajectories for a fifth consecutive year. Following a period of strong budget tensions between 2010 and 2015, government space sector spending reached its highest recorded point in 2020 according to Euroconsult’s latest flagship research. With Covid-19 having no noticeable impact on government space budgets, the pandemic having occurred with budgets largely already decided, it remains however to be seen, whether governments can sustain these historic budget levels in the future.

Read More

No pot of gold in commercial constellations: despite concentrating 70% of satellite demand, to account for only 8% of the global market value in the next decade

Paris, Washington D.C., Montreal, Yokohama – In its latest analysis of satellite manufacturing and launch services, Euroconsult anticipates almost a quintupling in satellite demand in the next decade with an average of 1,250 satellites to be launched on a yearly basis. In comparison to the 260 yearly satellites launched in the previous decade, this skyrocketing number cements the structural changes occurring in the market and the industry, not only in the number of satellites but also in terms of satellite missions and operators, both governmental and commercial.

Read More

Global Earth observation manufacturing revenues to top $83b over 2020-2029

Paris, Washington D.C., Montreal, Yokohama – In a new research titled, Euroconsult, the world’s leading authority on space and satellite-based application markets, forecasts that global demand for new Earth observation (EO) satellite systems this decade will result in 2,166 satellites being launched, which is expected to generate close to $83.5 billion in manufacturing revenues. Euroconsult also projects corresponding EO satellite launch revenues to be close to $25 billion for the next decade.

Read More

Satellite capacity pricing declines slow, but price pressure expected to increase with new supply entering service in 2023

Paris, Washington D.C., Montreal, Yokohama – In its latest research titled,Euroconsult, the leading global consulting firm focused on space and satellite-enabled markets, reported that the dramatic pricing declines of the past five years have slowed as a result of notable slowdowns in new capacity supply additions. However, intense pricing pressure is expected to return in advance of new capacity coming online in the 2022-23 timeframe.

Read More

Euroconsult gathers global satellite industry leaders at virtual event, honors outstanding achievement

Paris – Euroconsult, the leading global consulting firm focused on space and satellite-enabled markets, held its annual World Satellite Business Week event virtually last week from November 9-11, 2020. The premier global event, which connects decision makers from the satellite communications and information sectors, continued its success story with dozens of engaging live panel discussions, presentations and interviews. A highlight of the event was the annual awards ceremony, honoring excellence in Connectivity and Satellite Communications as well as Earth Observation, Information and Artificial Intelligence.

Read More

Fixed Satellite Services Market Continues Downward Trend in 2020; Strong impact of Covid-19 on mobility business of operators

Paris, Washington D.C., Montreal, Yokohama – In its annual publication focused on the current and historic performance of Fixed Satellite Services (FSS) companies, Euroconsult reported increased competition and strong impact from COVID-19 in this $10.8 billion market (excluding vertically-integrated operators). Operators are adapting to remain relevant in the long term and to weather the storm in 2020-2021, with the ongoing pandemic impacting the global industry. .

Read More

Global market for commercial Earth observation data and services to reach $8 billion by 2029, growing from $4.6 billion in 2019

Paris, Washington D.C., Montreal, Yokohama – In its research report, Euroconsult provides in-depth analysis of Earth Observation (EO) satellite systems, commercial EO data, and the value-added services that contribute to the sector. With a global market projected to reach $8 billion by 2029, growth is expected to be driven by a mix of defense and new commercial markets, supported by the arrival of new constellation operators with low-cost solutions.

Read More

Satellite imagery and broadband to nearly quadruple the Earth observation precision ag market by 2029

Paris, Washington D.C., Montreal, Yokohama – For its latest research titled,Euroconsult has teamed up with TerraMetric, a US-based, global business development firm focused on geospatial and new space markets, to provide an in-depth analysis on the global trends, vertical integration opportunities and regional demand forecasted for Earth observation-based services and products addressing the agriculture sector. The two companies forecast that by 2029, the total agricultural market is expected to double in value to reach over $815 million. While government-driven sales are foreseen to remain significant, the uptake of precision agriculture solutions within the private sector due to expected near-global broadband coverage is expected to be the main catalyst behind this anticipated market growth.

Read More