Press Release

Your reference for industry analysis and knowledge

For questions, interview requests, or to use Euroconsult market data, please use the contact form.

European Space Agency Joins Forces with Euroconsult to Support Budding Space Entrepreneurs

Paris, Washington D.C., Montreal, Yokohama, Sydney, January 9, 2023 – The European Space Agency has signed a letter of intent on behalf of its network of business incubation centres to boost its offering for space start-ups with high growth potential, through the provision of market analysis and networking opportunities. Leading global strategy consulting and market intelligence firm Euroconsult, who specialises in the space sector and satellite-enabled verticals, has signed this letter of intent to supply dedicated insight and connection opportunities that aim to enhance knowledge and access to business opportunities for the incubated companies.

Read More

Global market for commercial Earth Observation data and services to reach $7.9 billion by 2031

Paris, Washington D.C., Montreal, Yokohama, Sydney, December 16, 2022 – Euroconsult’s latest ‘Earth Observation Data & Services Market’ report provides a global assessment of the EO satellite-based commercial demand for imagery and value-added services, with expanded granularity by user type, including now a finer breakdown between B2B and B2G, across the 32 vertical subsegment applications in 8 regions and by more various sensor typologies.

Read More

LATSAT returns in 2023 for its 6th edition supported by ARSAT and the Argentinian government

Paris, Washington D.C., Montreal, Yokohama, Sydney, December 15, 2022 – Euroconsult, the leading space consulting and market intelligence firm announces the return of LATSAT, the Latin American summit dedicated to the satcom, connectivity, and Earth observation sectors. The 6th edition supported by ARSAT and the Argentinian Government will be taking place on May 23-24, 2023, in Buenos Aires, Argentina.

Read More

New record in Government Space Defense spendings driven by investments in Space Security and Early Warning

Paris, Washington D.C., Montreal, Yokohama, Sydney, December 15, 2022 – Leading space consulting and market intelligence firm Euroconsult has released the 22nd edition of its annual “Government Space Programs” report this week, evidencing a continued increase in global governments’ space budgets. This year has seen a cumulative spend of $103B in 2022, a 9% increase since last year and a record high for the sector. Despite the recent pandemic crisis, governments have increased their investments in the sector to further support the development of their industry and sustain their ambitions.

Read More

Satellite demand to quadruple over the next decade

Paris, Washington D.C., Montreal, Yokohama, Sydney, December 12, 2022 – The latest update of Satellites to be Built and Launched released this week by Euroconsult forecasts a fourfold growth in the number of satellites driven by commercial constellations. The market intelligence report, now in its 25th edition, anticipates over 2,500 satellites to be launched on average every year – or 7 satellites a day totaling 3 tons of mass – over 2022-2031.

Read More

Global governmental Space Exploration investments to reach $31B by 2031 as public and private players reach for the Moon

Paris, Washington D.C., Montreal, Yokohama, Sydney, November 3, 2022 – Since the 1950s, the space exploration market has been characterized by a small number of large spending nations as they raced to establish new boundaries for science, technology, innovation, and international prestige. However, leading space consultancy and market intelligence firm Euroconsult suggests that a major transition is taking place, as collaboration between different governments, as well as between public and private organizations, provides a further boost to the increasing investments from established players like the U.S.

Read More

Satcom operators set to carve out their share of a cumulative $1.2 trillion service opportunity by 2031

Paris, Washington D.C., Montreal, Yokohama, Sydney, 13th September 2022 –  Euroconsult, the leading space consulting and market intelligence firm, has published new research indicating the satellite industry is likely to see an explosion of services-driven revenue to the tune of a cumulative $1.2 trillion by 2031, with the share of data applications jumping from 15% of total market revenues to a remarkable 42% by 2031.

Read More

Ground Segment forecasted at $78 Billion cumulated market value from 2022 to 2031 

Paris, Washington D.C., Montreal, Yokohama, Sydney, September 1st , 2022 – The latest Ground Segment Market report by leading space consulting and market intelligence firm Euroconsult projects the ground station segment to remain quite stable over the 2022 – 2031 period, with a year-on-year growth of 1.4% and a forecasted market value of $3.6 Billion by 2031, driven by the growing demand for data & services.

Read More