Excellence in Satellite Communications Awards and the Space Business Catalyst Award celebrates groundbreaking achievements at World Space Business Week
Recipients of the Excellence in Satellite Communications Awards were recognized at this year’s World Space Business Week. In its 27th edition, the prestigious event hosts more than 1,400 executives and industry leaders each year from over 500 space organizations across the globe.
Satcom Providers Change Tactics to Compete with NGSO-led Capacity Growth
NGSO constellations continue to drive satellite capacity growth, prompting satellite operators to pursue strategic collaborations, multi-orbit partnerships, and horizontal integrations to maintain their competitive edge. Global satellite capacity is expected to reach 240 Tbps by 2028 and generate service revenues of nearly $120 billion by 2033. This rapid expansion in available supply is set to decrease end-user prices and expand the addressable market for satellite connectivity.
Earth Observation satellites set to triple over the next decade
The global Earth Observation (EO) satellite market will undergo substantial growth over the coming decade, with the number of EO satellites in orbit expected to almost triple as the manufacturing market grows by 40% and the value of the launch market increases by 55%.
Maritime satellite communication value chain grows as Non-Geostationary Orbit solutions come to fore
The maritime satellite communication market experienced significant growth in 2023, primarily driven by Starlink’s disruptive entry into the market following the official launch of its maritime service, which has rapidly gained traction and boosted the number of VSAT-equipped vessels.
Growing space safety and sustainability concerns to drive In-Orbit Services and Space Situational Awareness uptake
Novaspace, born from the recent merger between Euroconsult and SpaceTec Partners, and leading space consulting and market intelligence firm, finds that space safety and sustainability concerns are driving cautious interest for In-Orbit Services and commercial Space Situational Awareness in its latest Space Logistics Markets report and projects around $4.6 Billion in commercial revenue over the decade.
Standardization is key for enabling democratization of optical communications technology
Novaspace, a merger between Euroconsult and SpaceTec Partners, the leading space consulting and market intelligence firm, anticipates that standardization will drive democratization, catalyzing the fast-paced technological evolution of optical communications and the market. Government-supported standardization efforts, such as the SDA program, have been conducted to drive down costs and enable larger adoption of laser communications technology, which for the moment, remains costly.
Non-geostationary orbit constellations redefining the High Throughput Satellites market landscape
Significant and ongoing transformations in the High Throughput Satellites (HTS) market are confirmed in the 7th edition of the ‘High Throughput Satellites’ report from leading space consulting and market intelligence firm Novaspace, a merger between Euroconsult and SpaceTec Partners. The report underscores the pivotal role of Non-Geostationary Orbit (NGSO) constellations in reshaping the satellite connectivity industry, with the latter to emerge as the primary driver in coming years.
Software Defined Satellites Create New Space Market Opportunities
The satellite communications market has seen significant changes across its value chain, bringing forth new technological innovations that include flexible satellites and more specifically, Software-Defined Satellites (SDS). Geostationary Earth Orbit (GEO) satellite operators have been compelled to respond to increased competition amidst these market shifts. One approach is to optimize the utilization of GEO satellites; however, the rigidity and fixed capacity of traditional GEO satellites is a notable constraint. Therefore, the advent of flexible satellites presents an attractive solution to a variety of problems.
Global Space Defense and Security investment set to continue major growth trend over coming decade
Novaspace, a merger between Euroconsult and SpaceTec Partners, the leading space consulting and market intelligence firm, is forecasting that the worldwide launch rate for defense and dual-use satellites will jump by 160% over the coming decade.
Euroconsult and Spacetec Partners Merge to Form Novaspace
Two prominent space consulting players, Euroconsult and SpaceTec Partners, are merging after three years of increasingly successful collaboration, to shape the future of the space sector with unparalleled expertise and strategic insights. This merger creates Novaspace, a powerhouse in professional services dedicated to the space industry.
