Satcom operators set to carve out their share of a cumulative $1.2 trillion service opportunity by 2031 - Novaspace

Paris, Washington D.C., Montreal, Yokohama, Sydney, 13th September 2022 –  Euroconsult, the leading space consulting and market intelligence firm, has published new research indicating the satellite industry is likely to see an explosion of services-driven revenue to the tune of a cumulative $1.2 trillion by 2031, with the share of data applications jumping from 15% of total market revenues to a remarkable 42% by 2031.