Report: Satellite ground segment worth $80bn by 2032
November 16, 2023
By Chris Forrester
Euroconsult’s latest report suggests that satellite ground segment will reach a cumulative value of $80 billion (€73.5bn) by 2032.
The study, which includes the role of flat-panel antennas, says these antennas represent a massive growth area and will account for 74 per cent of the sold commercial user terminals by 2032 compared to about 45 per cent in 2022.
The report highlights how the commercial user terminal market is benefiting from robust growth across various verticals. This expansion ranges from achieving universal broadband access to catering to the needs of mobility industries, enterprises, and government clients. Market demand is encouraging the development of terminals that seamlessly switch between LEO, MEO and GEO, enhancing performance and resiliency, says Euroconsult.
“At ground station level, specific trends are emerging in different segments. Across the commercial sector, robust investments in High-Throughput Satellite (HTS) and Very High-Throughput Satellite (VHTS) systems, particularly in NGSO constellations, are driving growth in the data and services market. In contrast, the broadcast market is experiencing a decline, influenced by changing consumer behaviour and terrestrial competition,” says the report.
The Euroconsult study underscores the positive outlook for the ground segment market and highlights the pivotal role of NGSO constellations, software-defined solutions, and segment-specific trends in shaping the industry’s future.
“The dynamic evolution of the space segment, with flexible payloads and constellations, underscores the need for adaptable ground infrastructure to support advanced communication needs. The development of software-defined solutions at both space and ground levels will remain a major driver for ground segment manufacturers. These solutions encompass virtual functions that optimise capacity utilization, reduce costs and enhance overall efficiency, including software-defined networking, virtualisation and cloud technologies.” — Jean Benoit Laithier, Principal Advisor, Euroconsult.