Satellite Programs & Technology Commercial Space Industry (New Space)

Satellite services show growth across Earth observation, connectivity and manufacturing

The EU Agency for the Space Programme estimates Earth observation generated €3.5 billion in global downstream revenue in 2024. Separately, Gogo reported 297 aircraft online with Galileo at Sept. 30, 2026, while GomSpace forecast average annual revenue growth of 30% through 2030 and an EBITDA margin above 20%.

Discovered 2026-11-09T09:35:16.994103-08:00 | 2026-11-09T09:35:16.994103-08:00

Briefing

What Hype is tracking

The €3.5 billion estimate quantifies the economic scale of downstream Earth observation, a key commercial segment of the satellite market.
Gogo’s 172 Galileo unit shipments in the third quarter—up 95% year over year—and 297 aircraft online point to expanding demand for satellite connectivity in aviation.
GomSpace’s 30% annual revenue growth forecast through 2030, with an EBITDA margin above 20%, signals the company’s expectations for satellite manufacturing and its profitability.

Reported By

Space Intel Report newspaceeconomy.ca