Finalists Announced for Euroconsult’s 2021 Finspace Awards

Industry leading global strategy consultancy and market intelligence firm Euroconsult have announced the six companies that have been shortlisted for their 5th annual Finspace competition. Part of this year’s World Satellite Business Week, the Finspace initiative recognizes and celebrates the achievements of innovative startups from across the space sector.

PARIS, WASHINGTON D.C., MONTREAL, YOKOHAMA, SYDNEY, 6th October 2021 –Euroconsult’s Finspace pitch initiative was launched in 2017 as part of the company’s flagship World Satellite Business Week event and strives to showcase the most promising and innovative start-ups from across the space and satellite industry value chains. Six finalists have been selected for the 2021 awards from entries that were submitted from all across Europe, the United States, and Australia. Approximately one third of this year’s entries represented small launch development companies.

(more…)

New Symphonie Takes Collaborative Approach to European Commission Call for Connectivity

A newly formed consortium led by Unseenlabs and Euroconsult has responded to a European Commission call for tenders aiming to collect disruptive ideas for an innovative European broadband constellation.

PARIS, RENNES, WASHINGTON, MONTREAL, YOKOHAMA, SYDNEY (Unseenlabs/Euroconsult PR) – A recently established collaboration between more than twenty European space sector companies has been assembled in response to a European Commission call for tenders entitled “New Space solutions for long-term availability of reliable, secure, cost-effective space based connectivity”. The consortium, known as New Symphonie, is being led by Unseenlabs and Euroconsult and was set up specifically for the call, which has been launched by the European Commission with assistance by from its Directorate General Defence Industry and Space (DG DEFIS).

The New Symphonie boasts an extensive European footprint with 22 members from no less than 8 different countries, bringing a multi-national approach to its European core. The grouping has “new space” at its heart, with the majority of members representing agile, responsive and commercially minded small and medium sized businesses. Coordinated by Unseenlabs the European leader in satellite-based radio-frequency detection services, currently operating a constellation of four satellites in orbit (twenty-five projected for 2025) processing and delivering geolocation and monitoring data as-a-service to clients worldwide, in partnership with Euroconsult, the leading global strategy consulting and market intelligence firm, specializing in the space sector and satellite enabled verticals.

(more…)

COVID-19 Impact on Smallsat Market Mitigated by Funding Availability, Government Support

PARIS, WASHINGTON DC, MONTREAL, YOKOHAMA (Euroconsult PR) — The latest update of “Prospects for the Small Satellite Market” was released this week by Euroconsult, forecasting further growth in the global supply and demand of government, commercial and academic satellites weighing up to 500 kg.

The market intelligence report, now in its 7th edition, builds upon Euroconsult’s previous iteration that accurately predicted more than 1,000 satellites would be launched during 2020, a record year despite COVID-19. The new release further reinforces the sentiment that the 2020s will be the decade of small satellites, anticipating the launch of close to 14,000 smallsats before 2030.

(more…)

Satellite on Track to Provide Broadband Access to over 100 Million People by 2029

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.     

(more…)

TerraMetric and Euroconsult Sign Preferred Strategic Partner Agreement

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.

(more…)

Space Economy Valued at $385 Billion in 2020, with Commercial Space Revenues Totaling Over $310 billion

Credit: Euroconsult

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.

(more…)

Governments Maintain Firm Financial Commitment to Space Amid Global Economic Turbulence

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.  

(more…)

Global Market for Commercial Earth Observation Data and Services to Reach $8 Billion by 2029, Growing from $4.6 Billion in 2019

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.

(more…)

Satellite Imagery and Broadband to Nearly Quadruple the Earth Observation Precision Agriculture Market by 2029

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.

(more…)

The 2020s: The Space Exploration Decade with $260 Billion Invested by Governments

Credit; Euroconsult

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.

(more…)

Euroconsult Research Projects Smallsat Market to Nearly Quadruple Over Next Decade

Credit: Euroconsult

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.

(more…)

Government Funding in Space Exploration to Surpass $20 Billion by 2027

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.

(more…)











$30 Billion/Year Over Next Decade to Manufacture & Launch ~300 Satellites Annually

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.

(more…)











Smallsat Market Value to Reach $30 Billion in Coming Decade

PARIS, WASHINGTON D.C., MONTREAL, YOKOHAMA, July 13, 2017 (Euroconsult PR) – According to Euroconsult’s latest report, Prospects for the Small Satellite Market, significant expansion in terms of capabilities and demand is underway in the smallsat market. Over 6,200 smallsats are expected to be launched over the next ten years, a substantial augmentation over that of the previous decade (several mega constellations are now included within the scope of this report). The smallsat market from 2017-2026 will be driven by the roll-out of multiple constellations accounting for more than 70% of this total, mainly for commercial operators.

(more…)











Commercial Military Satellite Communications Capacity Revenues & Demand Stabilizing After Period of Decline


PARIS, WASHINGTON D.C., MONTREAL, YOKOHAMA, March 2, 2017 (Euroconsult PR) – According to Euroconsult’s soon-to-be-released report, SatCom for Defense & Security: Strategic Issues & Forecasts, global military demand for commercial satellite capacity has fallen by an estimated 20% from a peak of 12.5 GHz in 2011 following tremendous growth over the previous decade, due in large part to lower usage of the U.S. DoD.

(more…)