Press Release

November 28, 2023

Global market for commercial Earth Observation data and services to reach $7.6 billion by 2032

Paris, Washington D.C., Montreal, Yokohama, Sydney, November 28, 2023. As global economic landscapes continue to navigate challenges posed by inflation, geopolitical tensions, and the residual effects of pandemic-related disruptions, the Earth Observation (EO) market is undergoing a transformative phase, reflecting both setbacks and opportunities for industry players worldwide.

November 8, 2023

Soaring ground segment market forecast to reach cumulative value of $80 billion by 2032 

Paris, Washington D.C., Montreal, Yokohama, Sydney, November 7, 2023 – The latest Ground Segment Market Prospects (04th Edition) from Euroconsult, leading space consulting and market intelligence firm, reveals promising trends in the ground segment market from 2023 to 2032. However, the situation is concentrated, regarding the considered market segments.
October 16, 2023

Euroconsult and ICEYE to lead AEGIS² consortium for the future of European Earth Observation

Paris, Washington D.C., Montreal, Yokohama, Sydney, October 11, 2023. A recent request by the European Commission for feasibility study proposals exploring the best way to implement a future satellite-enabled Earth-Observation service for government-authorized users at EU and EU Member States has resulted in the creation of a groundbreaking Earth Observation (EO) consortium. The collaboration, named AEGIS² (Advanced European Governmental Innovative ISR Secured Service), is made up of 15 members representing eight European countries, under the leadership of Euroconsult and ICEYE, aiming to investigate innovative, secured, and sustainable solutions for the future European Union’s Earth-Observation governmental service.

October 3, 2023

Satellite Industry Experts Forecast In-Flight Connectivity Demand to Soar

Paris, Washington D.C., Montreal, Yokohama, Sydney, October 03, 2023. A report published by leading space consulting and market intelligence firm, Euroconsult, focusing on In-Flight Connectivity (IFC) for air travel has highlighted a second consecutive year of strong growth, with over 36,000 commercial and business aviation aircraft now equipped with onboard internet access. The new study marks the 11th edition of an annual report entitled ‘Prospects for In-Flight Entertainment & Connectivity’ and predicts this number to grow steadily over the coming years, to almost double by 2032, as part of an overall market that could see service revenues reach as high as $3.4bn.

September 29, 2023

Lunar ambitions boost space exploration funding as investment set to reach $33 billion by 2032

Paris, Washington D.C., Montreal, Yokohama, Sydney, October 02, 2023. Lunar exploration is the catalyst behind an unprecedented surge in the space exploration sector which saw global government investment rise to an impressive $26 billion during 2023. Ambitious lunar missions are projected to boost investment to nearly $33 billion by 2032, a growth trajectory which underscores lunar exploration's pivotal role in shaping the future of space exploration. The figures are revealed in the just published fourth edition of Euroconsult's 'Prospects for Space Exploration' report.

September 25, 2023

Turbulent Satcom market prepares for decade of expansion after substantial infrastructure investments

Paris, Washington D.C., Montreal, Yokohama, Sydney, September 25, 2023. The satellite communication landscape is poised for a transformative decade of growth as satellite capacity demand is projected to surge from 3.6 Tbps (TeraBytes Per Second) in 2022 to 51 Tbps in 2032, representing a 31% CAGR (compound annual growth rate), with all data segments expected to observe exponential growth in the next 10 years.

September 15, 2023

Prestigious Annual Awards for Excellence Celebrates Space-Based Information and Recognizes Startup Success

Paris, Washington D.C., Montreal, Yokohama, Sydney Friday 15th September 2023. An exclusive space sector awards ceremony celebrating outstanding achievements in the field of Earth Observation concluded today with four companies scooping the top awards, while stand-out startup businesses were also acknowledged through the highly regarded Finspace contest and inaugural Space Business Catalyst award. The event marked the finale of World Satellite Business Week in Paris, a flagship conference organized by Euroconsult, the leading space consulting and market intelligence firm.

September 14, 2023

Sultanate of Oman partners with Euroconsult to launch Middle East Space Conference

Paris , Washington D.C., Montreal, Yokohama, Sydney, Tuesday 12th September 2023. The Ministry of Transport, Communications, and Information Technology of Oman (MTCIT) has announced it will hold a conference to promote space in the Middle East and the country’s role as a strategic gateway for attracting investments in space applications and technologies into the region.

September 13, 2023

Excellence in Space-Based Connectivity award winners revealed at World Satellite Business Week

Paris, Washington D.C., Montreal, Yokohama, Sydney, Wednesday 13th September 2023. The Excellence in Space-based Connectivity Awards marked the mid-way point for this year’s World Satellite Business Week, with winning companies unveiled across four categories focusing on space-based connectivity. The flagship space sector event attracts over 1,400 executives each year to Paris and is organized by Euroconsult, the leading global strategy consulting and market intelligence firm specializing in the space and satellite markets.
July 25, 2023

Smallsat market keeps growing despite supply challenges and Starlink moving to larger form factors

Paris, Washington D.C., Montreal, Yokohama, Sydney, July 25, 2023. Around 26,104 smallsats (satellites <500 kg) will be launched between 2023-2032, representing a daily launch mass of 1.5 tons over the 10-year period, according to Euroconsult, the leading global strategy consulting and market intelligence firm specializing in the space sector and satellite-enabled verticals.