
Key Takeaways
- BryceTech publishes its full space market report catalogue as free public downloads, spanning 2009 to 2026
- Novaspace operates a subscription Intelligence Hub with 30+ active reports across government, satcom, EO, and space industry categories
- Analysys Mason maintains 40+ paid forecast reports covering every major segment of the satellite and space economy
Where the Data Comes From
The global space economy is now measured in the hundreds of billions of dollars by most credible sources, with Novaspace estimating it at $626.4 billion in 2025 and forecasting growth to $1.01 trillion by 2034. BryceTech’s data for the Satellite Industry Association puts the satellite sector alone at $293 billion in 2024, accounting for 71 percent of a $415 billion global space economy. These headline numbers get quoted constantly in investment decks, policy briefings, and press releases. What gets cited far less often is where those numbers actually come from.
Three organizations have built the most consistently referenced bodies of space economy intelligence available anywhere: BryceTech (formerly Bryce Space and Technology), Novaspace (formed through the merger of Euroconsult and SpaceTec Partners), and Analysys Mason. Each operates a distinct model. BryceTech distributes its research publicly and freely, funded in part by government contracts and the Satellite Industry Association. Novaspace sells access through a tiered subscription hub, drawing on over four decades of legacy data from Euroconsult. Analysys Mason publishes individual forecast reports sold to telecom and satellite operators, investors, and government agencies. Together, their catalogues represent the most rigorous, publicly traceable intelligence available on how money moves through the space sector.
This article catalogs all known space economy market intelligence publications from each organization, organized by series and subject category, with direct links to every available report.
BryceTech
BryceTech is an Alexandria, Virginia-based analytics and engineering firm founded by Carissa Bryce Christensen, who also co-founded the defense contractor The Tauri Group. The firm has produced publicly available space economy research since at least 2009, with work ranging from commercially focused satellite market studies to NASA-sponsored exploration forecasts. Its catalogue is unusually accessible: most reports are free PDF downloads, and the full library is indexed on the firm’s reports page.
The breadth of BryceTech’s output is notable for a firm of its size. Its recurring annual series cover global satellite revenues, smallsat deployment trends, commercial investment in space startups, launch site inventories, and orbital launch activity. One-off studies commissioned by the FAA, NASA, and foreign governments fill in substantial gaps across commercial space transportation, exploration economics, and supply chain analysis.
Quarterly Global Space Activity Briefings
BryceTech produces four quarterly activity briefings each year, offering infographic-style snapshots of global orbital launch rates, payload deployments, and spacecraft statistics. These are among the most widely cited free data products in the industry.
- Q4 2025 Global Space Activity, March 30, 2026
- Q3 2025 Global Space Activity, November 28, 2025
- Q2 2025 Global Space Activity, September 19, 2025
- Q1 2025 Global Space Activity, May 29, 2025
- Q4 2024 Global Space Activity, February 11, 2025
Smallsats by the Numbers
BryceTech’s smallsat series is one of the most-referenced datasets in the small satellite market. The 2025 edition noted that nearly 2,800 smallsats were launched in 2024, representing 97 percent of all spacecraft launched that year, with average mass climbing to a record 223 kilograms. The series has tracked the smallsat market continuously since 2019.
- Smallsats by the Numbers 2025, March 27, 2025
- Smallsats by the Numbers 2024, April 17, 2024
- Smallsats by the Numbers 2023, revised August 22, 2023
- Smallsats by the Numbers 2022, February 7, 2022
- Smallsats by the Numbers 2021, August 13, 2021
- Smallsats by the Numbers 2020, February 3, 2020
- Smallsats by the Numbers 2019, 2019
Start-Up Space: Investment in Commercial Space Ventures
The Start-Up Space series is BryceTech’s flagship investment tracking product. Published annually since 2016, it aggregates venture capital, private equity, and debt financing data for commercial space companies globally. The 2025 edition reported $7.8 billion in global investment during 2024, with a notable shift toward Series A rounds and a resurgence of U.S.-based capital. The series predates most other systematic tracking of space startup financing and remains a standard reference for analysts benchmarking the commercial space investment cycle.
- Start-Up Space 2025, July 9, 2025
- Start-Up Space Report 2023, revised November 1, 2023
- Start-Up Space Report 2022, April 6, 2022
- Start-Up Space Report 2021, August 26, 2021
- Start-Up Space Report 2020, March 9, 2020
- Start-Up Space Report 2019, April 23, 2019
- Start-Up Space 2018, 2018
- Start-Up Space 2017, 2017
- Start-Up Space 2016, 2016
State of the Satellite Industry Report
Produced by BryceTech on behalf of the Satellite Industry Association, the annual State of the Satellite Industry Report is one of the most widely distributed industry benchmarks in existence. Its methodology relies on proprietary surveys of satellite companies, public financial disclosures, and independent analysis across satellite services, manufacturing, ground equipment, and launch. The 2025 edition (covering FY 2024 data) was released in May 2025 through SIA. Earlier editions are archived on the BryceTech reports page.
- 2022 State of the Satellite Industry Report, July 13, 2022
- 2021 State of the Satellite Industry Report, July 20, 2021
- 2020 State of the Satellite Industry Report, July 28, 2020
- 2019 State of the Satellite Industry Report, 2019
- 2018 State of the Satellite Industry Report, 2018
- 2017 State of the Satellite Industry Report, 2017
- 2016 State of the Satellite Industry Report, 2016
- 2015 State of the Satellite Industry Report, 2015
Orbital Launches Year in Review
A companion series to the quarterly briefings, these annual reviews provide a deeper statistical breakdown of global orbital launch activity for the preceding year.
- 2023 Orbital Launches Year in Review, March 27, 2024
- 2022 Orbital Launches Year in Review, February 3, 2023
- 2020 Orbital Launches Year in Review, June 2021
- 2019 Orbital Launches Year in Review, 2019
- 2018 Orbital Launches Year in Review, 2018
Orbital and Suborbital Launch Sites of the World
Published annually since 2019, this series maps and analyzes every active and proposed spaceport globally, detailing operational status, azimuth corridors, and vehicle compatibility. The 2025 edition was originally released January 28, 2025, and revised in December 2025 to reflect developments at new and emerging launch sites.
- Orbital and Suborbital Launch Sites of the World 2025, January 28, 2025, revised December 22, 2025
- Orbital and Suborbital Launch Sites of the World 2024, January 26, 2024, revised December 31, 2024
- Orbital and Suborbital Launch Sites of the World 2023, February 16, 2023
- Orbital and Suborbital Launch Sites of the World 2021, 2021
- Orbital and Suborbital Launch Sites of the World 2019, 2019
Global Space Economy and Satellite Revenue Snapshots
BryceTech publishes periodic visual snapshots of global space economy and satellite industry revenue data. These are lighter-format infographic publications rather than full text reports, but they carry the same underlying dataset.
- 2024 Global Satellite Industry Revenues, August 5, 2025
- Global Space Launch Activity in 2024, February 15, 2025
- 2022 Global Space Economy at a Glance, September 29, 2023
- 2019 Global Space Economy at a Glance, October 5, 2020
- 2018 Global Space Economy, 2018
- 2020 Year in Review Launch Data, data as of October 31, 2020
China Space Activity
BryceTech has tracked Chinese space activity as a dedicated research focus for several years, reflecting China’s growing share of global launch cadence and the strategic importance of its space station, lunar program, and commercial sector development.
- China’s Space Activity 2025, February 23, 2026
- China’s Space Activity 2024, July 31, 2024
- China’s Orbital Launch Activity 2020, May 27, 2020
Thematic and Commissioned Studies
Beyond its recurring series, BryceTech has published a substantial body of one-off research commissioned by the FAA, NASA, the UK Space Agency, and the Australian Government, as well as proprietary studies on topics ranging from hypersonic transport to artificial intelligence adoption at civil research agencies.
- Iran Space Activity Overview, July 16, 2025
- Future Heavy-Lift Launch Market Open to U.S. Providers, October 16, 2024
- Emerging Industrial Base for Lunar Activities, September 11, 2024
- Artificial Intelligence at Civil R&D Agencies, January 16, 2025
- Emergency Response Logistics During a Disaster, October 31, 2024
- Commercial Hypersonic Transportation, September 14, 2021 (developed for NASA and SAIC)
- Satellites Key to $5T+ Across U.S. Economy, 2019
- Size and Health of the UK Space Industry 2021, June 7, 2022 (prepared for UK Space Agency)
- Global Space Industry Dynamics, 2017 (prepared for Australian Government)
- Global Space Strategies and Best Practices, 2017 (prepared for Australian Government)
- Engine for Growth: Analysis and Recommendations for U.S. Space Industry Competitiveness, 2017 (developed for AIA)
- New Kids on the Block: How New Start-Up Space Companies Have Influenced the U.S. Supply Chain, 2017
- The Strategic Geography of the Solar System and Beyond, September 14, 2020 (produced with NASA)
- Smallsat Launch Delays Report 2020, April 22, 2020 (prepared for Spaceflight, Inc.)
- Human Orbital Spaceflight Statistics, 2018
- LaunchU Business-Oriented Benefits Analysis, 2019 (prepared for Aerospace Corporation)
- The South African Space Industry, 2011
FAA Commercial Space Transportation Series
BryceTech produced a long-running series of commercial space transportation studies for the U.S. Federal Aviation Administration’s Office of Commercial Space Transportation. These reports provided the analytical backbone for FAA space transportation licensing policy through much of the 2010s.
- Annual Compendium of Commercial Space Transportation: 2018
- Annual Compendium of Commercial Space Transportation: 2017
- Annual Compendium of Commercial Space Transportation: 2016
- Annual Compendium of Commercial Space Transportation: 2014
- Annual Compendium of Commercial Space Transportation: 2013
- Annual Compendium of Commercial Space Transportation: 2012
- 2015 Commercial Space Transportation Forecasts
- 2014 Commercial Space Transportation Forecasts
- 2013 Commercial Space Transportation Forecasts
- Suborbital Reusable Vehicles: A 10-Year Forecast of Market Demand, 2012
- 2012 Commercial Space Transportation Forecasts, 2012 (developed with COMSTAC and FAA AST)
- Commercial Space Transportation: 2012 Year in Review, 2012
- 2011 Commercial Space Transportation Forecasts, 2011 (developed with COMSTAC and FAA AST)
- 2011 U.S. Commercial Space Transportation Developments and Concepts: Vehicles, Technologies, and Spaceports, 2011
- The U.S. Commercial Suborbital Industry: A Space Renaissance in the Making, 2011
- The Economic Impact of Commercial Space Transportation on the U.S. Economy in 2009, 2009
NASA-Commissioned Studies
Some of BryceTech’s most substantive analytical work was produced for NASA, covering socio-economic impacts, technology investment strategy, and public-private partnership models.
- Socio-Economic Impacts of NASA Activity, 2013
- Public-Private Partnerships for Space Capability Development, 2014
- Emerging Space, developed for NASA
- Projected Exploration Missions (2020-2030), September 2020
- NASA Strategic Space Technology Investment Plan, 2013 (developed with NASA’s Office of the Chief Technologist)
- NASA’s Analog Missions: Paving the Way for Space Exploration, 2011
- Technology Frontiers: Breakthrough Capabilities for Space Exploration, 2010
- Technology Horizons: Game-Changing Technologies for the Lunar Architecture, 2009
- Voyages: Charting the Course for Sustainable Human Space Exploration, undated
- Factors affecting Accuracy in Technology Forecasts, undated
Novaspace
Novaspace was formed through the merger of Euroconsult and SpaceTec Partners, combining over 40 years of space market intelligence heritage into a single platform. Based in Paris, the firm serves more than 1,200 clients in 60 countries. Unlike BryceTech, Novaspace does not publish freely downloadable research. Its Intelligence Hub operates on a subscription model, with reports accessible as PDF and Excel files through the platform, allowing clients to extract and visualize the underlying datasets.
Novaspace’s coverage is broader than any other single firm in this comparison. Its catalogue spans government space programs, Earth observation, satellite communications, space infrastructure, and cross-sector economy analysis. The firm’s Euroconsult lineage means many of its reports are in their 20th, 30th, or higher editions, carrying decades of longitudinal data that newer research products can’t replicate.
The 12th edition of the Space Economy Report, released in January 2026, estimated the global space economy at $626.4 billion in 2025 and projected expansion to $1.01 trillion by 2034. Government space spending reached $138 billion in 2025, driven by security, sovereignty, and exploration programs. Private investment recovered to $9 billion in 2025, the largest annual increase since the 2021 peak, with capital concentrated in late-stage companies. The report identified 54 completed mergers and acquisitions in 2025 and 16 pending deals, reflecting ongoing consolidation across the industry.
Government Space Reports
Novaspace’s government space category covers national and multilateral space programs with a depth that few commercial intelligence firms can match. The flagship Government Space Programs report, now in its 24th edition, analyzes over 90 countries, tracking both civil and defense budgets, strategic priorities, and program-level forecasts through 2033.
- Government Space Programs, 24th edition, covering 90+ countries and organizations
- Major Space Programs Tracker, ongoing program-level tracking product
- Prospects for Space Exploration, 5th edition, forecasting government exploration investment from $27 billion in 2024 to nearly $31 billion by 2034
- Satellite Communications for Defense and Security, analysis of defense satcom procurement and programs
- Space Defense and Security, dedicated defense and security market study
- Space Situational and Domain Awareness, projecting $56 billion in global investment over the next decade
Earth Observation Reports
Novaspace’s Earth observation coverage spans supply-side satellite system analysis, demand-side data and services markets, and continuous market monitoring.
- Earth Observation Satellite Systems, satellite systems database product
- Earth Observation Market Monitoring, continuous monitoring service
- Earth Observation Data and Services Market, 360-degree demand and supply analysis of EO data markets
Satellite Communication Reports
This is the largest single category in the Novaspace catalogue, reflecting the firm’s Euroconsult heritage as the preeminent tracker of global satellite operator revenues. The flagship Satellite Connectivity and Video Market report is in its 32nd edition, representing an unbroken annual dataset stretching back more than three decades.
- Satellite Connectivity and Video Market, 32nd edition, analyzing the shift toward data-driven services
- Universal Broadband Access, broadband connectivity markets and satellite’s role
- Prospects for In-Flight Connectivity, forecasting connected aircraft numbers exceeding 67,700 by 2034
- Prospects for Maritime Satellite Communications, maritime connectivity demand and supply
- Optical Communications Market, laser-based satellite communications market
- High Throughput Satellites, GEO and NGSO HTS dynamics and forecasts
- Capacity Pricing Trends, FSS capacity pricing shifts amid next-generation system deployments
- FSS Operators: Benchmarks and Performance Review, financial and operational benchmarking of fixed satellite service operators
- Prospects for Direct to Handheld and IoT Markets, projecting cumulative D2D and IoT revenues exceeding $100 billion by 2034
- Software Defined Satellites, market analysis for flexible payload architectures
- Satcom Market Monitoring, continuous monitoring of the global satcom market
Space Industry Reports
The Space Industry category captures supply-chain and cross-sector topics that don’t fit neatly into government, EO, or satcom buckets. The Space Economy Report sits at the top of this group as an executive-level synthesis of the entire Novaspace catalogue, designed to give decision-makers a single-document entry point into the firm’s broader research program.
- Satellites to be Built and Launched, supply forecast for satellite manufacturing and launch demand
- Space Economy Report, 12th edition, comprehensive 360-degree analysis of the global space economy through 2034
- Prospects for the Small Satellite Market, smallsat market valued at $113.3 billion through 2033
- SpaceX Business Outlook, dedicated analysis of SpaceX’s market position, revenues, and strategic trajectory
- Space Innovation Atlas, quarterly tracker of the space start-up ecosystem
- Ground Segment Market Prospects, analysis of ground segment reshaping amid vertical integration trends
- Space Logistics Markets, in-orbit servicing, resupply, and logistics market analysis
- Space Market Monitoring, real-time monitoring platform with 50 key indicators
- Financing and Transactions Database, comprehensive deal tracking for space sector financing
- Manufacturing Market Monitoring, continuous monitoring of satellite manufacturing activity
- Launch Market Monitoring, tracking global launch market activity and trends
Data Products
Novaspace also offers structured data products separate from narrative reports.
- Ecosystem Database, comprehensive database of space industry companies and organizations
- Data Catalog, underlying datasets for customization and visualization through the Intelligence Hub platform
Analysys Mason
Analysys Mason is a London-headquartered strategy and research consultancy with deep roots in the telecommunications sector. Its space and satellite research practice has grown substantially over the past decade, absorbing the NSR (Northern Sky Research) catalogue when the two firms merged. Today, Analysys Mason publishes more individual forecast reports on satellite and space topics than any other firm in this comparison, with each study structured around a standard 10-year revenue outlook and covering a specific market segment or application vertical.
The firm’s reports are sold individually or through subscription programs, with access gated behind login. Unlike BryceTech’s free model or Novaspace’s tiered hub, Analysys Mason clients typically purchase specific reports relevant to their investment thesis or competitive intelligence needs. Pricing is not published publicly. The full list of space and satellite reports is maintained on the firm’s space reports page.
Broad Space Economy and Government
- Global space economy: trends and forecasts 2023-2033, March 25, 2025; revenue outlook across space infrastructure, applications, and communications
- Government spending on space 2025, February 5, 2026; strategy report on global government space investment
- Environmental, social and governance revenue in the space sector: trends and forecasts 2023-2033, April 30, 2025
- Space travel and tourism: trends and forecasts 2024-2034, November 27, 2024
Consumer and Enterprise Broadband via Satellite
- Consumer and enterprise broadband via satellite: worldwide trends and forecasts 2024-2034, March 13, 2026
- Consumer and enterprise broadband via satellite: trends and forecasts 2023-2033, December 12, 2024
Direct-to-Device, IoT, and M2M
- Satellite consumer direct-to-device services: trends and forecasts 2024-2034, February 3, 2026
- M2M and IoT via satellite: trends and forecasts 2024-2034, September 9, 2025
- MSS and D2D satellite services for government and military organisations: trends and forecasts 2023-2033, November 1, 2024
Satellite Mobility Markets
- Aeronautical satellite communications: trends and forecasts 2024-2034, May 23, 2025
- Maritime satellite communications market: trends and forecasts 2024-2034, October 10, 2025
- Connected vehicles via satellite: worldwide trends and forecasts 2024-2034, February 16, 2026
- Connected vehicles via satellite: trends and forecasts 2023-2033, October 7, 2024
- Wireless backhaul and trunking via satellite: trends and forecast 2024-2034, June 10, 2025
Military and Government Satellite Communications
- Military commercial satellite communication: trends and forecasts 2024-2034, January 20, 2026
- Military satellite communications: infrastructure developments 2000-2035, July 30, 2025
Space Infrastructure and Manufacturing
- Satellite manufacturing and launch services: trends and forecasts 2024-2034, September 8, 2025
- Commercial satellite communications ground equipment: trends and forecasts 2024-2034, March 11, 2026
- Global commercial satellite ground equipment: trends and forecasts 2023-2033, February 7, 2025
- Satellite capacity supply and demand: trends and forecasts 2024-2034, September 22, 2025
- Satellite capacity pricing index 2025, March 10, 2025
- Flat-panel satellite antennas: trends and forecasts 2024-2034, September 12, 2025
- Software-defined satellites: trends and forecasts 2023-2033, October 16, 2024
- Non-GEO Constellations Analysis Toolkit 6.1, February 27, 2026
- Optical satellite communications market, 6th edition, January 26, 2024
- Satellite and space data traffic: trends and forecasts 2023-2033, November 28, 2024
Earth Observation and Space Applications
- Satellite-based Earth observation: trends and forecasts 2024-2034, October 14, 2025
- Space domain awareness: trends and forecasts 2024-2033, October 3, 2025
- Space cloud computing: trends and forecast 2024-2034, June 4, 2025
- In-orbit satellite services: trends and forecasts 2024-2034, April 9, 2025
- Lunar market: trends and forecasts 2024-2034, March 18, 2025
- Satellite 5G and next-generation networks: trends and forecasts 2023-2033, August 23, 2024
- Big data analytics via satellite, 5th edition, December 2021
- Quantum communications via satellite, September 2021
- Space data downlink markets, June 2022
Operator Performance and Strategy
- Satellite communications operators’ financial KPIs: 2025, February 24, 2026
- Starlink feasibility: business model and ROI analysis, April 2023
- Space ESG assessment, January 2023
- Satellite and space cyber-security markets, August 2022
- LEO and MEO broadband satellite mobility markets, August 2022
- Energy satcom markets, 9th edition, October 2022
- Rural broadband connectivity: challenges, opportunities and case studies for satellite connectivity, June 2023
- High altitude platforms, 5th edition, May 2023
How These Catalogues Differ
The three catalogues serve different users solving different problems. BryceTech’s free public model makes it the go-to source for journalists, educators, policy analysts, and researchers who need citable, accessible data without institutional subscriptions. Its quarterly briefings and annual launch data publications are among the most downloaded free datasets in the sector. Novaspace serves institutional clients who need longitudinal data going back decades, particularly on satellite operator revenues and government space budgets. Its 32-edition Satellite Connectivity and Video Market report and 24-edition Government Space Programs report represent analytical continuity that newer entrants simply can’t replicate. Analysys Mason’s granular, segment-specific forecast reports are built for investment analysts, equipment vendors, and operators who need to model revenue opportunity in a specific vertical, whether that’s maritime satcom or flat-panel antennas or lunar market development.
There’s an open methodological question about how well any of these reports can capture a market undergoing the structural changes currently visible in the space sector. SpaceX’s Starlink has distorted satellite broadband economics so quickly that annual reports sometimes become outdated between the research cutoff and publication date. The rise of direct-to-device connectivity has created an entirely new revenue category that didn’t exist meaningfully in forecasts from five years ago. Reports that confidently projected GEO dominance in high-throughput communications through the 2020s have had to be substantially revised. All three organizations have adapted, publishing dedicated D2D and LEO-specific products, but catching up with a market moving this fast is exceptionally difficult for any subscription-based research model.
What’s beyond dispute is that the depth of historical data in these catalogues is irreplaceable. Novaspace’s pricing trend datasets and Analysys Mason’s satellite capacity supply models incorporate primary data from operator interviews and regulatory filings going back decades. No large language model, public data scrape, or AI-generated synthesis comes close to replicating that. Organizations making capital allocation decisions in the space sector, whether they’re launching constellations, procuring government capacity, or acquiring companies, are still overwhelmingly relying on primary-source intelligence from exactly these three providers.
The Role of Open-Access Intelligence in Space Policy
BryceTech occupies a distinctive position in the space intelligence ecosystem because its research is publicly funded in substantial part. Studies produced for NASA, the FAA, and foreign governments are distributed without restriction, which has made BryceTech data a default reference point in academic literature and congressional testimony alike. When U.S. policymakers debate commercial space transportation licensing reform, when a foreign ministry benchmarks its national space budget against international peers, or when a university course teaches space economics, BryceTech’s public catalogue is frequently the first source cited. That accessibility has a compounding effect over time: the more widely a dataset is cited, the more authoritative it becomes, and the more it shapes the benchmarks against which new market data gets interpreted.
The FAA commercial space transportation series is a good example of that dynamic. BryceTech produced annual compendium publications for FAA’s Office of Commercial Space Transportation from 2011 through 2018, creating a continuous record of licensed launches, payload manifests, and vehicle development activity through a period when the commercial launch industry was transforming rapidly. Those compendiums are now historical artifacts of the pre-SpaceX dominance era, but they remain useful precisely because they document conditions that no longer exist. Any researcher trying to understand how launch pricing, rideshare market structure, or spaceport geography evolved between 2011 and 2018 will eventually end up in that archive.
Novaspace and Analysys Mason don’t serve that archival function in the same way. Their value is in continuous forward-looking analysis, not historical documentation. But both organizations have invested heavily in making their legacy datasets more accessible through digital platforms. Novaspace’s Intelligence Hub allows subscribers to download Excel datasets alongside PDF reports, enabling custom filtering and visualization. Analysys Mason’s Non-GEO Constellations Analysis Toolkit, now in version 6.1, is a software-based modeling product rather than a static publication, indicating how market intelligence is evolving from point-in-time reports toward continuously updated analytical platforms.
Tracking Investment: The Start-Up Space Series in Context
Among BryceTech’s recurring publications, the Start-Up Space series has arguably had the most influence on how the industry thinks about the commercial space investment cycle. When the 2021 report documented the peak year of startup investment, capturing the influx of SPAC deals and venture funding that briefly made household names out of companies like Momentus, Spire Global, and BlackSky, it set the baseline against which the subsequent correction has been measured. BryceTech published no 2024 edition of the series, moving directly from the 2023 report to the 2025 edition. That gap reflects the realities of small-firm publishing schedules. The 2025 edition’s finding of $7.8 billion invested in 2024 confirmed the market had stabilized at a level well below the 2021 high-water mark.
What the Start-Up Space series does particularly well is disaggregate investment by round stage, geography, and subsector. Those distinctions matter enormously. A year in which seed-stage investment is concentrated while late-stage rounds dry up tells a very different story about market health than one in which Series B and growth equity rounds dominate. Similarly, a shift in investment geography, say from U.S.-dominated flows to a more distributed global picture, has real implications for where the next generation of space infrastructure will be developed and who will control it. Novaspace’s Financing and Transactions Database tracks some of the same activity in a more continuous monitoring format, but BryceTech’s annual synthesis remains the most widely cited free benchmark for the commercial investment cycle.
Novaspace’s Longitudinal Advantage
The merger of Euroconsult and SpaceTec Partners that created Novaspace brought together two organizations with complementary geographic and subject-matter strengths. Euroconsult had been the dominant source of satellite operator revenue data for European and Asian clients since the 1980s, and its government space programs analysis had been the standard reference for national space agency budget comparisons since long before comparable U.S. products existed. SpaceTec Partners added consulting and technology assessment capabilities, particularly for European Space Agency programs and new space applications.
The resulting Novaspace Intelligence Hub is the only place in the world where a subscriber can access 32 consecutive years of satellite connectivity and video market data derived from the same primary research methodology. That continuity is not just useful for long-range trend analysis. It’s necessary for building credible financial models of satellite operators, because revenue trends in this industry play out over orbital lifetimes measured in decades, not over the quarterly cycles that dominate equity analysis in most sectors. A geostationary satellite ordered in 2025 will still be generating revenue in 2040. Forecasting that revenue trajectory requires understanding how operator pricing power, capacity supply, and application demand have interacted over previous technology generations, not just over the past few years.
Novaspace’s Space Situational and Domain Awareness report, one of its newer products, reflects how the firm has adapted its institutional intelligence capabilities to emerging defense and sovereignty priorities. The report projects $56 billion in global investment in space domain awareness over the next decade, driven by the proliferation of debris-generating satellites and the growing use of space as a contested military domain. That’s a market segment that barely existed as a commercial intelligence category five years ago, and Novaspace’s ability to apply its government program tracking and operator financial modeling methodologies to a new application area illustrates why the firm’s depth matters beyond just its historical data.
Analysys Mason and the NSR Integration
When Analysys Mason acquired Northern Sky Research (NSR), it inherited one of the most respected names in satellite market research, known particularly for its granular demand-side forecasting models. NSR had built a reputation for being willing to make quantitative forecasts for satellite applications that other firms treated as too speculative to model, including direct-to-orbit manufacturing, quantum communications via satellite, and high-altitude platform systems. Those reports, some of which date to the NSR era, are now carried in the Analysys Mason catalogue and remain some of the few publicly available quantitative benchmarks for those emerging markets.
The Quantum communications via satellite report from September 2021 is a good example. At the time of publication, quantum key distribution via satellite was a research activity primarily at national laboratories, with China’s Micius satellite representing the only operational demonstration of long-distance satellite-based quantum communication. Producing a market forecast for a technology at that maturity level requires a different analytical methodology than forecasting broadband satellite services, and NSR’s willingness to do it created a useful baseline for the segment’s development.
More recent Analysys Mason publications reflect how quickly new application categories can go from speculative to commercially significant. The Satellite consumer direct-to-device services: trends and forecasts 2024-2034 report, published in February 2026, analyzes a market that was largely hypothetical as recently as 2022. By the time that report was published, T-Mobile and SpaceX were conducting beta services for Starlink direct-to-cellular connectivity, Skylo had launched services with Verizon and Deutsche Telekom, and Apple had built satellite emergency messaging into the iPhone 14 product line. The D2D market moved from concept to commercial reality in roughly 36 months, and Analysys Mason’s decision to publish a dedicated 10-year forecast for it reflects how the research firm tracks market emergence.
Using These Reports Effectively
Space economy market intelligence reports are not interchangeable reference documents. Each one is the product of a specific methodology, a specific data collection approach, and a specific definition of the market being measured, all of which shape the numbers it produces. BryceTech’s global space economy snapshots and Novaspace’s Space Economy Report produce different headline figures for the same year because they define the space economy differently, draw on different primary data sources, and make different decisions about what downstream, space-enabled activity to include. Neither figure is wrong. They’re answering slightly different questions.
For practitioners, the most important discipline when using these catalogues is understanding which report is designed to answer the specific question at hand. A satellite equipment manufacturer trying to size its total addressable market in maritime terminals needs Analysys Mason’s Maritime satellite communications market forecast, not BryceTech’s Smallsats by the Numbers series. A venture capital fund tracking the space startup ecosystem needs BryceTech’s Start-Up Space report and Novaspace’s Financing and Transactions Database, not a government space programs analysis. A defense ministry benchmarking allied space budgets needs Novaspace’s Government Space Programs report above all others.
Cross-referencing multiple reports from different providers is also good practice where budget allows. The points where Novaspace and Analysys Mason forecasts converge give higher confidence in an underlying trend. The points where they diverge reveal real uncertainty in market evolution, which is itself valuable information for risk assessment and scenario planning. BryceTech’s freely available historical data can serve as a cross-check on both, particularly for launch activity, satellite deployment counts, and investment volume figures where BryceTech maintains the longest continuous public dataset.
| Firm | Access Model | Primary Strength | Report Count (Approx.) |
|---|---|---|---|
| BryceTech | Free public downloads | Launch data, investment tracking, smallsats | 80+ |
| Novaspace | Paid subscription hub | Longitudinal satcom, EO, government space | 30+ active products |
| Analysys Mason | Individual purchase or subscription | Granular segment-specific forecasts | 40+ |
Summary
The catalogues maintained by BryceTech, Novaspace, and Analysys Mason collectively represent the most complete and continuously maintained body of space economy intelligence publicly known to exist. BryceTech’s free library spans from 2009 to the present, covering everything from FAA launch forecasts to China’s annual orbital activity, with particularly strong coverage of the commercial investment cycle through its Start-Up Space series and launch infrastructure through its sites of the world reports. Novaspace’s subscription hub carries 40-year longitudinal datasets on satellite operator revenues, government space budgets, and EO market development that no other organization has matched for depth and continuity. Analysys Mason provides the most granular segment-level forecast coverage in the industry, with nearly every satellite application vertical now carrying a dedicated 10-year forecast report published within the last 18 months.
For space economy practitioners, these three catalogues are not interchangeable or redundant. They fill different analytical roles. An investor modeling LEO broadband economics will want Analysys Mason’s consumer broadband and capacity supply demand reports alongside BryceTech’s Start-Up Space data. A government agency benchmarking its space budget will turn to Novaspace’s Government Space Programs report for the only comprehensive cross-country comparison. A journalist or researcher tracking industry trends will find BryceTech’s free quarterly briefings and annual snapshots the most accessible starting point. Taken together, these catalogues define the outer boundary of what systematic, primary-source space economy intelligence looks like in 2026.
Appendix: Top 10 Questions Answered in This Article
What is the current size of the global space economy?
Novaspace estimated the global space economy at $626.4 billion in 2025, up from $596 billion in 2024. BryceTech’s data for the Satellite Industry Association placed the satellite sector alone at $293 billion in 2024, representing 71 percent of a $415 billion total space economy for that year.
What reports does BryceTech publish, and are they free?
BryceTech publishes over 80 space economy and space industry reports, the majority of which are freely downloadable from its website. Its core recurring series include the Smallsats by the Numbers, Start-Up Space, State of the Satellite Industry Report, Orbital Launches Year in Review, and the Orbital and Suborbital Launch Sites of the World reports.
What is Novaspace and how did it form?
Novaspace was formed through the merger of Euroconsult and SpaceTec Partners, combining over 40 years of legacy space market intelligence into a single firm. Based in Paris, it serves more than 1,200 clients in 60 countries and operates a subscription-based Intelligence Hub offering 30-plus active report products.
What is the Analysys Mason space report catalogue?
Analysys Mason maintains more than 40 individual forecast reports on satellite and space topics, covering consumer broadband, maritime satcom, military communications, Earth observation, flat-panel antennas, space cloud computing, direct-to-device services, and more. Each report follows a standard 10-year revenue forecast structure and is updated on a regular publication cycle.
How much global investment went into commercial space startups in 2024?
BryceTech’s Start-Up Space 2025 report recorded $7.8 billion in global commercial space investment in 2024. Series A rounds attracted $1.4 billion of that total, and U.S.-based investment accounted for $4 billion, marking a resurgence in domestic American capital allocation to the space sector.
What is the BryceTech smallsats report and what did the 2025 edition find?
The Smallsats by the Numbers series is BryceTech’s annual analysis of global small satellite deployments. The 2025 edition, covering 2024 data, found that nearly 2,800 smallsats were launched that year, representing 97 percent of all spacecraft launched globally, with average smallsat mass reaching a record 223 kilograms.
What does the Novaspace Space Economy Report cover?
The Space Economy Report is Novaspace’s flagship synthesis publication, now in its 12th edition. It provides a 360-degree analysis of both upstream and downstream space market segments, distinguishing between core space market activities and space-enabled services. The 2026 edition forecast growth from $626.4 billion in 2025 to $1.01 trillion by 2034.
What space market topics does Analysys Mason cover that BryceTech and Novaspace do not?
Analysys Mason publishes dedicated forecast reports on topics including quantum communications via satellite, space ESG markets, LEO and MEO broadband satellite mobility, rural broadband satellite connectivity, space cloud computing, and Starlink business model and ROI analysis. These granular application-specific reports go beyond the broader market snapshots typical of BryceTech and some Novaspace products.
How does government space spending factor into these reports?
Novaspace’s Government Space Programs report found global government space investments reached a record $135 billion in 2024, rising further to $138 billion in 2025. Analysys Mason’s Government spending on space 2025 report covers the same territory from a strategy perspective. BryceTech’s work for NASA and government agencies addresses specific program economics rather than aggregate budget tracking.
What is the State of the Satellite Industry Report and who produces it?
The State of the Satellite Industry Report is an annual benchmark commissioned by the Satellite Industry Association and produced by BryceTech. It derives from proprietary surveys of satellite companies, public financial disclosures, and independent analysis, covering satellite services, manufacturing, ground equipment, and launch. It has been published annually for more than 25 years and is distributed free to SIA members.

