Growing space safety and sustainability concerns to drive In-Orbit Services and Space Situational Awareness uptake
Standardization is key for enabling democratization of optical communications technology
Non-geostationary orbit constellations redefining the High Throughput Satellites market landscape
Software Defined Satellites Create New Space Market Opportunities
Global Space Defense and Security investment set to continue major growth trend over coming decade
Euroconsult and Spacetec Partners Merge to Form Novaspace
Next generation satellite systems continue to disrupt satellite capacity pricing landscape
New historic high for government space spending mostly driven by defense expenditures
Paris, Washington D.C., Montreal, Yokohama, Sydney, December 19th, 2023. The leading strategic space consulting and market intelligence firm Euroconsult has released the 23rd edition of its annual Government Space Program report confirming the growing financial efforts achieved by governments in the space sector. Keen to capitalize on the expanding space economy and to further strengthen their sovereign capabilities, government space expenditures have increased to $117 billion, a 15% increase compared to last year.
Four tons of satellites to be launched daily by 2032, demand concentrates by a handful of players
Paris, Washington D.C., Montreal, Yokohama, Sydney, December 12th, 2023. Euroconsult, a recognized leader in satellite industry market intelligence, announces the release of its highly anticipated 26th edition flagship report, "Satellites to be Built and Launched. This edition forecasts an average of over 2,800 satellites launched annually – equivalent to 8 satellites per day and totaling a mass of 4 tons - between 2023 and 2032. The report sheds light on the long-term dynamic of the satellite market, emphasizing sustained demand, the concentration of NGSO constellations, and the seismic shifts caused by a handful of mega constellations, with a particular focus on the short-term bottleneck faced by established vendors.