Euroconsult gathers global satellite industry leaders at virtual event, honors outstanding achievement
Paris – Euroconsult, the leading global consulting firm focused on space and satellite-enabled markets, held its annual World Satellite Business Week event virtually last week from November 9-11, 2020. The premier global event, which connects decision makers from the satellite communications and information sectors, continued its success story with dozens of engaging live panel discussions, presentations and interviews. A highlight of the event was the annual awards ceremony, honoring excellence in Connectivity and Satellite Communications as well as Earth Observation, Information and Artificial Intelligence.
Fixed Satellite Services Market Continues Downward Trend in 2020; Strong impact of Covid-19 on mobility business of operators
Paris, Washington D.C., Montreal, Yokohama – In its annual publication focused on the current and historic performance of Fixed Satellite Services (FSS) companies, Euroconsult reported increased competition and strong impact from COVID-19 in this $10.8 billion market (excluding vertically-integrated operators). Operators are adapting to remain relevant in the long term and to weather the storm in 2020-2021, with the ongoing pandemic impacting the global industry. .
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 – In its research report, 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.
Satellite imagery and broadband to nearly quadruple the Earth observation precision ag market by 2029
Paris, Washington D.C., Montreal, Yokohama – For its latest research titled,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.
Euroconsult Group boosts its proprietary training offer to meet a growing space sector’s knowledge needs
Paris, Washington D.C., Montreal, Yokohama – Euroconsult Group unveils its extended proprietary training service offer, aimed at government, private sector and not-for-profit organizations wishing to boost their capacity portfolio, build a talent pipeline and enhance their expertise within the space and satellite industry sectors.
COVID-19 shakes up in-flight connectivity industry
Paris, Washington D.C., Montreal, Yokohama – In its latest research, Euroconsult provides a strategic review of the market reset resulting from the COVID-19 pandemic and its significant impact on the aviation industry. In-Flight Connectivity (IFC) has been a key driver for the entire ecosystem and constituted a $1.4 billion market in 2019. Current restrictions on travel and health concerns, however, are expected to decrease service revenues by 20-30 percent in 2020.
COVID-19 impact on satellite connectivity and video market delays return to growth
Paris, Washington D.C., Montreal, Yokohama – In its latest research titled, Euroconsult revised its forecast to account for the impact of COVID-19. The pandemic has deeply impacted maritime and in-flight connectivity demand, and to a lesser extent other segments such as enterprise networks. It remains to be seen how long those markets will take to recover.
Pandemic won’t stop smallsat market takeoff to average 1,000 smallsats to be launched per year over 2020s
Paris, Washington D.C., Montreal, Yokohama – In the 6th edition of its latest research titled Euroconsult forecasts that two mega-constellations will account for half of the smallsats to be launched between 2020 and 2029, yet only account for one fifth of the total smallsat market value due to economies of scale, mass manufacturing and batch launches. The report also addresses the impact of COVID-19 on the small satellite industry and provides updated analysis of the ongoing uncertainties related to the pandemic, smallsat constellations and the OneWeb bankruptcy, despite its recent acquisition.
Private investment fuels China commercial space sector growth, alongside state-backed investment
Paris, Washington D.C., Montreal, Yokohama – In its latest research titled, Euroconsult provides in depth analysis of how commercialization is driving both growth and technology advances in the Chinese space sector, with oversubscribed IPOs and a wave of private investment. China Satcom is now the world’s highest valued pure satellite operator with a market cap of US$11 billion as of May 2020, while China Satcom parent company China Aerospace Science and Technology Corporation (CASC) reported record revenues of $37 billion in 2018.
Growing maritime connectivity market faces covid-19 setback
Paris, Washington D.C., Montreal, Yokohama – In its latest research titled, Euroconsult projects that the previously growing maritime connectivity market will experience a significant setback due to the Covid-19 pandemic. Maritime VSAT connectivity reached an all-time high of 28,200 connected vessels at the end of 2019 but because of the current health crisis, the previous projection of 49,300 terminals by 2023 has been reduced to 40,600 units.
