Market Trends

MarketBrief Report on the Geospatial Market sponsored by Neo Space Group

Featuring:

Trends on the Geospatial Market by Elisabeth Tweedie

Interview with Eng. Abdulaziz Alfarraj, CEO-NSG Geospatial Services

To read or download the pdf of full report click here.

Campbell, Calif., May 15, 2025 --Mobile Experts released a new report today, illustrating the economic rationale for mobile operators to use Satellite Direct-to-Device services instead of building additional rural towers. In this new report, the satellite constellations are explained in detail, with thoughtful analysis that illustrates how the business models will evolve to serve consumer and enterprise customers in hard-to-reach areas.

Ontario, Calif., May 13, 2025 - According to DataIntelo, the satellite simulators market size is poised for significant growth, projected to escalate from USD 1.2 billion in 2023 to an estimated USD 2.3 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 7.5% during the forecast period. This expansion is primarily fueled by the increasing adoption of satellite simulators in various sectors such as military, telecommunications, and research, driven by the rising demand for satellite technology in numerous applications. 

By Elisabeth Tweedie

Los Angeles, Calif., May 7, 2025 - According to Novaspace, in 2022 there were 5.6 million commercial Very Small Aperture Terminals (VSATs) in use around the world.   Novaspace is forecasting a 2.3x growth rate in this number to 2032, meaning there will be 12.88 million commercial VSATs in use that year.  It is also forecasting a cumulative market value for the entire ground system (i.e. not just VSATs) of US$ 80 billion between 2023 and 2032.  As technology onboard satellites advances providing greater and greater throughputs, so ground technology has advanced and improved in order to handle far greater speeds and capacities.  IPStar launched in 2005, is generally considered to be the first high throughput satellite, its capacity was 45 gigabits per second (Gbps).

Vilnius, Lithuania, May 5, 2025 –  A new 316-page report released by the Secure World Foundation reveals a growing global race to develop counterspace capabilities. Russia and China are leading a surge in tactics that include jamming, spoofing, and cyber interference targeting satellites like Starlink.  

Paris, France, May 5, 2025 – According to a new analysis from Novaspace, SpaceX generated an estimated $11.8 billion in revenue in 2024, with Starlink overtaking its space transportation division for the first time. The company’s long-awaited profitability milestone is being driven by the steady maturation of its connectivity business and a launch model now optimized for reuse. 

Bristol, UK, May 1, 2025--Rethink Technology Research, has published its latest report, "Smart TV & Connected TV Device Operating Systems Forecast 2025-2030".  The global installed base of Smart TVs and Connected TV (CTV) devices will reach 4.2 billion units by 2030, growing at a CAGR of 9.6% from 2.65 billion in 2025, according to the latest report from Rethink TV.

Barcelona, Spain, April 24, 2025--NPAW has released its full 2024 State of the Video Industry Report  where among its findings sow that global Video on Demand (VOD)  engagement dropped after a strong H1 Q4 did improve compared to Q3. Slightly lower engagement vs 2023 with viewers watching less titles and for a shorter time.

Bristol, UK, April 16, 2025 --Rethink TV, from Rethink Technology Research, has published its latest report, "Set Top Operating Systems Forecast 2025-2030". While the golden age of the set top is over and the industry is in managed decline, device shipments are holding up better than expected and the battle over their software foundations has intensified, accordign to the report.

Paris, France, April 11, 2025–SSpace consulting and market intelligence firm Novaspace, has unveiled a new offering: the Space Situational and Domain Awareness Market Intelligence Report.