January 9, 2025
The Space Economy to Reach $944 Billion by 2033: Novaspace Unveils Key Insights
Novaspace’s 11th Space Economy Report forecasts the industry to grow from $596 billion in 2024 to $944 billion by 2033, driven by downstream solutions like satellite-enabled navigation, Earth observation, and communications. The report explores emerging technologies, upstream challenges, and market trends, offering insights for stakeholders navigating this transformative trillion-dollar industry.
December 12, 2024
Smallsat Market Maintains Momentum Despite Starlink and Starshield Disruption, Increasingly Fueled by Government Demand
The smallsat market is forecasted to reach a value of $113.3 billion over the next decade, driven by government demand and emerging technologies. Despite challenges such as inflation, competition, and the impact of Starlink, small satellites continue to demonstrate resilience and strategic importance in global space capabilities. Novaspace’s latest report delves into key trends, including defense-driven growth, commercial opportunities in Earth Observation and Direct-to-Device services, and the evolving landscape of satellite manufacturing and regional demand.
December 11, 2024
Direct-to-Device Satellite Services Drive the Next Wave of Global Connectivity
Novaspace’s Latest Report Projects Over $70 Billion in D2D Revenue Generation Over the Next Decade
December 10, 2024
Direct-to-Device Satellite Services Drive the Next Wave of Global Connectivity
Novaspace's 9th Edition Report projects $70B in Direct-to-Device (D2D) revenues by 2033, driven by satellite advancements. Highlights include $42B in direct-to-phone services, 425M monthly users by 2033, and rapid IoT expansion. Download a free report extract today!
November 27, 2024
Commercial Earth Observation Market Surpasses $8 Billion by 2033
New Report Highlights Defense Contracts and High-End Products as Key Growth Drivers
November 21, 2024
User Terminal Growth Outpaces Ground Site Rationalization
The rise of constellations, the boom in data exchanges, the integration and digitization of network are reshaping the ground segment activity. Innovation will go along with a transformation of the ecosystem, with ongoing and expected transactions on the demand and supply side. Novaspace's new report projects the competitive ground segment market to reach $8 billion by 2033.
October 4, 2024
Shaping the Future of Space with High Aspect Ratio Satellites
With the rising adoption of High-Aspect Ratio (HAR) configurations across various domains of the space industry, the European Space Agency tasked Novaspace, Reflex Aerospace, and Initium Consulting with exploring this dynamic ecosystem. We are excited to announce that our report, detailing the current status, strengths, and weaknesses of HAR satellites, has now been published and is available here.
October 3, 2024
Airlines Accelerate Transition to Advanced In-Flight Connectivity Amid Rising Demand
The number of in-flight connected aircraft is projected to surpass 60,800 by 2033 with multi-orbit solutions helping reshape the market as airlines transition from legacy systems. Technical advances are fueling bandwidth growth and reducing costs, while satellite operator revenues are set to rise over the next decade as the increasing demand for in-flight connectivity delivers significant market transformation.
September 20, 2024
Excellence in Earth Observation Awards and Startup Finspace Awards celebrated during prestigious World Space Business Week
In its 27th edition, World Space Business Week, honored Excellence in Earth Observation and recognized startup innovation with its annual awards on the final day. The event welcomes more than 1,400 executives, industry leaders and delegates for 5 days of networking and knowledge sharing.
September 18, 2024
Seven tons of satellites to be launched daily on average over the next decade amid value chain consolidation
By 2033, satellite demand is expected to reach an annual average of 3,700 units, with sustained growth primarily fueled by select key NGSO constellations, while demand for GEO communication satellites will settle due to consolidation of satcom operators. While commercial operators will account for 80% of satellite volume, government customers continue to be the market's cornerstone, representing two-thirds of its total value.
