The fast growing commercial space sector enjoyed another year of significant growth and productivity during 2022, but did not escape unscathed from rising geopolitical tensions and operational challenges caused by inflation, high interest rates and the after-effects of previous years’ pandemic lockdowns on supply chains, according to Euroconsult.

The global optical satellite communication market is expected to grow from US$ 8.50 billion in 2021 to US$ 10.46 billion in 2022 at a compound annual growth rate (CAGR) of 23.1%. The optical satellite communication market is expected to reach US$ 22.55 billion in 2026 at a CAGR of 21.2% according to Research and Markets.

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.

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.  

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. Civil government and defense customers will remain legacy customers, holding the largest market value of US$ 29 billion every year with three-quarters of the demand in manufacturing and launch. The six leading space faring governments or organizations alone (U.S, China, Russia, Japan, India and European governments, EU and ESA) will account for two third of the demand in value. 

The United States ranks among the leading countries in deploying fast broadband, doing so at competitive prices. But it lags behind other countries in broadband adoption, according to a new report from the Information Technology and Innovation Foundation (ITIF), the leading think tank for science and technology policy.

The World Teleport Association (WTA) today released How to Win Business from a Telco or MNO, a new research report that details the experiences of teleport and satellite operators and their technology partners that have made the investments necessary to win telco business and the lessons learned about the challenges, requirements and opportunities. The report is sponsored by Kratos.

A new report compiled by maritime innovation consultancy Thetius makes a compelling case that shipping companies seeking to meet current and emerging challenges facing the maritime industry will benefit from a strategic approach to connectivity. Published by Inmarsat ‘ The Network Effect: Strategising Connectivity at Sea for Maximum Impact’ also provides guidance on effective connectivity framework strategies.

The latest edition of the Prospects for Space Exploration report from Euroconsult predicts global governmental investments in space exploration will reach $31B within the next decade. The report identifies key budget drivers that include the continuation of increased funding in transportation, orbital infrastructure, and in lunar exploration. The public and private focus on establishing a sustainable lunar presence, while also maintaining a sustained LEO human presence, will also beat the heart of space exploration roadmaps in the years to come.

The latest forecast from Rethink TV charts the arrival of Open Caching technologies, and the impact they will have on the Video Delivery Market. This market shows no sign of slowing, but there is a fight brewing among its component parts. CDNs currently reign supreme, and while we have previously examined the potential impact of WebRTC and Decentralized-CDN (D-CDN), as part of our CDN studies, the new disruptor on the block is Open Caching.