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Cumulative 10-year revenue forecast for High Throughput Satellite to reach $85 billion by 2028

Paris, Washington D.C., Montreal, Yokohama – In its latest research titled, Euroconsult projects that High Throughput Satellite (HTS) revenue will reach $15 billion by 2028 with aggregate capacity leasing revenue over the 10 year period reaching $85 billion by 2028. Demand will be driven by nine vertical markets for a 26 percent annual growth rate over the ten-year period covered in the report. Supply is expected to grow by 12 times between 2019 and 2024.

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Euroconsult forecasts satellite demand to experience a four-fold increase over the next 10 years

Paris, Washington D.C., Montreal, Yokohama – In its latest analysis of satellite manufacturing and launch services,Euroconsult projects that the satellite market will experience a radical transformation in the quantity, value and mass of the satellites to be built and launched with a four-fold increase in the number of satellites at a yearly average of 990 satellites to be launched, compared to a yearly average of 230 satellites in the previous decade. The market will reach $292 billion over the next decade. This reflects a 28 percent increase over the previous decade which totalled $228 billion in revenues.
“Newcomers like Oneweb, SpaceX’s Starlink or Amazon’s Project Kuiper are becoming the largest owners of assets in orbit, challenging the satellite industry in many ways” said Maxime Puteaux, Editor-in-Chief of this research product and Senior Consultant at Euroconsult.

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Commercial space revenues to reach $485 billion by 2028

Paris, Washington D.C., Montreal, Yokohama – In its latest research titled, Euroconsult projects that the commercial space value chain will see steady growth over the next decade, reaching $485 billion by 2028. The upstream segment, which includes commercial revenues from manufacturing, launch and ground equipment is expected to increase from $8 billion in 2018 to $11 billion in 2028, a growth rate of four percent per year. The downstream segment consisting of commercial operations and satellite services, including satellite navigation, was valued at $290 billion in 2018, projected to increase at a rate of five percent per year to reach $474 billion in 2028.

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Satellite communications pricing to stabilize through 2020 as hiatus in on-orbit capacity growth comes into play

Paris, Washington D.C., Montreal, Yokohama – In its latest research titled, Euroconsult details pricing for traditional C-band, Ku-band and High Throughput Satellite (HTS) capacity broken out by contracts, regions, spectrum bands, and applications. The report shows that as the growth of satellite capacity on orbit slows, pricing levels per megahertz (MHz) for regular capacity and per megabits per second (Mbps) for HTS capacity have both stabilized at lower rates of decline and are projected to continue that trend through 2020.

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Market survey on satellite operators reveals shifting strategies and new entrants

Paris, Washington D.C., Montreal, Yokohama – In its latest research titled, Euroconsult shows that 11 new FSS providers have emerged over the last five years including two in 2018. Many of these companies are state-owned national operators, which will mostly serve national interests. Twelve new satellite operators are planning to enter the FSS geostationary (GEO) market by the early to mid 2020s, including companies targeting national market such as NepalSat, and Royal Group of Cambodia. Included in these twelve operators, are three with plans for small GEO satellites, which may indicate a new trend in the FSS industry facilitated in part by digital payloads, electric propulsion, and lower launch costs.

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Market for Earth observation data and services forecast to grow by 9% annually over next decade

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.

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Satellite communications market to reach $19.4 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.

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Euroconsult projects in-flight connectivity market to more than double by 2028

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.

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Euroconsult research projects smallsat market to nearly quadruple over next decade

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.

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