Space economy valued at $385bn in 2020: Euroconsult
Despite Covid-19 impacting some segments of the commercial space market, revenues in this sector have surpassed 310bn, according to the analyst.
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Despite Covid-19 impacting some segments of the commercial space market, revenues in this sector have surpassed 310bn, according to the analyst.
Commercial constellations set new standards for the industry in numbers but GEO comsat and government still drive the biggest demand in manufacturing and launch revenues
While pricing is beginning to stabilise, the mobility market is now seeing pricing erosion in the short term, due to the Covid-19 pandemic and its impact on global travel.
The industrys downward trend is driven by growing High Throughput Satellite (HTS) competition, which has led to significantly lower capacity pricing in recent years.
From 2020 to 2029, the smallsat market value is projected to reach $51bn, of which $33bn for manufacturing and $18bn for launch.
The demand for HTS capacity is expected to grow 26% annually driven by nine vertical markets, supply to increase more than ten-fold by 2024, growing from 2,100 Gbps to 26,500 ...
Reflecting a radical change in quantity, value and mass, Euroconsult anticipates a stronger market boost in the short term with satellite demand scoring 20% annual growth.
Satellite operations and services will lead growth with 5% annual increase over the next decade, while manufacturing, launch and ground segment is projected to grow 4% annually.
Research spanning FSS and HTS satellites in multiple frequency bands and regions shows broadening price disparity and how prices will stabilise with hiatus in in-orbit capacity growing.
Market survey reveals shifting strategies and new players with 12 new satellite operators to enter FSS GEO market in the 2020s.
Government demand and low-cost constellation data are major growth drivers and 52 countries will have launched at least one EO satellite by 2028.
In 2018, the regions combined total expenditures were just under $1.3bn, led by the UAE ($383m), Qatar ($186m), Egypt ($177m) and Saudi Arabia ($165m).
Market forecast to rebound by 2020 end with growth to be driven by demand for consumer broadband, rural connectivity, in-flight communications and cellular network support.
The report forecasts that the market for smallsat manufacturing and launch will grow from $12.6bn in 2009-2018 to $42.8bn in the coming decade from 2019-2028, nearly quadrupling in size.
The report found that in 2018, more government satellites launched than ever before. Going forward, the report estimates an average of 150 government satellites will be launched each year for ...
Prospects for space exploration, global government investment in space exploration totaled $14.6 billion in 2017, a 6% increase compared to 2016, according to Parisa report by Euroconsult. Fifteen leading space ...
Global consulting firm, Euroconsult, which specialises in satellite-enabled vertical markets, such as satellite communications, connectivity, broadcasting, and Earth observation, announced the recipients of both its Annual Awards for Excellence in ...
