With broadband access essential to economic growth, 46 percent of the world’s population remains unconnected, Covid pandemic highlights importance of bridging the digital divide

PARIS, WASHINGTON, D.C., MONTREAL, YOKOHAMA, 29 March 2021 (Euroconsult PR) – In its first ever report on Universal Broadband Access, Euroconsult, the world’s leading authority on space and satellite-based applications markets, forecasts that the global market for satellite broadband is expected to triple with service revenues reaching $12.7 billion by 2029. With 46 percent of the world’s population still unconnected, satellite broadband remains key to bringing essential services to sparsely populated regions where extending terrestrial networks is not economically feasible.     

ORLANDO, Fla. and PARIS, France (TerraMetric/Euroconsult PR) — Global space business development firm TerraMetric and Euroconsult, the leading global consulting firm focused on space, and satellite-enabled markets, have entered into a Preferred Strategic Partnership agreement. As part of the cooperation, TerraMetric and Euroconsult will collaborate in a wide range of comprehensive capabilities.

As part of the agreement, Euroconsult’s clients will benefit from TerraMetric’s proven NewSpace expertise in the space technology and geospatial markets.

Despite the Covid-19 global pandemic impacting certain segments of the commercial space market, government spending remains unaffected.

Paris, Washington D.C., Montreal, Yokohama (Euroconsult PR) – In its latest research product “The Space Economy Report 2020″, 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.

Paris, Washington D.C., Montreal, Yokohama (Euroconsult PR) – 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 “Government Space Programs: Benchmarks, Profiles & Forecasts to 2029” 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.  

Paris, Washington D.C., Montreal, Yokohama (Euroconsult PR)– In its research report, Earth Observation Data & Services Market, 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.

In 2019, the total value of the industry was $4.6 billion with the data market reaching $1.6 billion and value-added services (VAS) contributing $3 billion. Defense accounted for 64% of the data market, while environmental monitoring was the largest user of VAS.

Paris, Washington D.C., Montreal, Yokohama (Euroconsult PR) – For its latest research titled, EO4AG – Earth Observation for Agriculture, 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.

PARIS, WASHINGTON D.C., MONTREAL, YOKOHAMA (Euroconsult PR)  – According to Euroconsult’s latest research, “Prospects for Space Exploration”, global government investment in space exploration totalled nearly $20 billion in 2019, a 6% increase year-on-year. Thirty-one countries and space agencies lead this global investment with the U.S. accounting for 71% of spending. Funding for space exploration is forecast to increase to $30 billion by 2029, driven by Moon exploration, transportation, and orbital infrastructure. Approximately 130 missions are expected over the coming decade, compared to 52 missions conducted over the past 10 years.

Paris, Washington D.C., Montreal, Yokohama, August 5, 2019 – According to Euroconsult’s newly released research, Prospects for the Small Satellite Market, the 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.

Credit: Euroconsult

Boost in public and private initiatives in space exploration with a converging global interest in Moon exploration

Paris, Washington D.C., Montreal, Yokohama, September 27, 2018 – According to Euroconsult’s latest report, Prospects for Space Exploration, global government investment in space exploration totaled $14.6 billion in 2017, a 6% increase compared to 2016. Fifteen leading space programs worldwide are estimated to contribute to this global investment, with the U.S. accounting for 74% of the total.

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Paris, Washington D.C., Montreal, Yokohama, October 11, 2017 – According to the 20th edition of the report Satellites to be Built & Launched, Euroconsult anticipates that 300 satellites with a mass over 50 kg will be launched on average each year by 2026 for government agencies and commercial organizations worldwide. This is a threefold increase over the past decade as the satellite market experiences a paradigm shift with the rise of small satellites and mega constellations, such as that of OneWeb.

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