It estimates 58% of satellite demand will be concentrated around five broadband constellations, but that 75% of the satellite manufacturing and launch market value will come from governments. One-third of the market value being retained by GEO (Geostationary orbit) satellites.
According to Euroconsult:
“Despite a multiplication of commercial constellation projects, only a few place satellite manufacturing contracts, generally with established players. Excluding a few large deals for large constellations and new communication satellites in geostationary orbit (GEO), global competition remains limited for satellite manufacturing. Satellite demand from the governments fuels the competition between local suppliers with still limited opportunities for them to expand internationally (because of national preference in every country where a space industry is established).”
A free extract of the report can be downloaded here. It includes a database of all satellites, regardless of mass, that were launched in the last decade, and satellites currently under construction, along with a launch forecast for the next decade.
It also provides assessments of 55 commercial constellations of five satellites or more, says Euroconsult, and discusses the business cases for four mega-constellations (OneWeb, Starlink, Kuiper and Lightspeed).
“The satellite sector no longer revolves around the axis of New Space entrants challenging established legacy players,” said Maxime Puteaux, Principal Advisor at Euroconsult and Editor of the report.
“Instead, it has now shifted towards speed, and the ability to rapidly provide commercial services from satellite constellations, be it for broadband and/or narrowband communications (e.g. IOT) or for global and real time observation of the Earth. New Space is no longer the driving force in the industry. It’s all about Fast Space now.”
Earth Observation data market
Back in October, Euroconsult released its assessment of the commercial demand for Earth Observation (EO) satellite-based imagery and value-added services.
Its report covered eight regions and across nine vertical markets. The headline figures included the commercial market for Earth observation data standing at $1.6 billion, in 2020, representing a growth at a 5-year Compound Annual Growth Rate (CAGR) of 5%. It is expected to top $2.5 billion by 2030 at 4% CAGR throughout the decade.
See also: European Commission conducts New Symphonie for broadband constellation