Aug 24, 2010

Leading Satellite Industry CEOs & Top Execs to Gather in Paris for World Satellite Business Week

Estimated Article Reading Time: 3 min.

Industry Continues to Grow During Difficult Global Economy, with Digital Broadcasting, Emerging Markets, and Government Services as Leading Growth Drivers

Paris, August 24, 2010–Countering the prolonged economic slump affecting most of the world, top executives of the global satellite communications industry will be looking back at another year of steady growth and profits as they gather in Paris September 6-10 for World Satellite Business Week.

The week-long meeting, viewed as a must-attend event for the satellite industry’s CEOs and other leaders, draws over 500 top executive delegates from 40 countries. The main event, the World Summit for Satellite Financing, is now in its 14thyear, while the Symposium on Earth Observation Business is entering its 2ndyear. The conference is produced by Euroconsult, the leading international research and analyst firm specializing in the satellite sector.

The multi-billion dollar satellite industry is made up of companies that build, launch, and operate satellites vital to the global networks used by broadcast companies, telecommunications networks, defense and security agencies, Earth observation firms and a wide range of service provider companies. Over the course of the week-long conference, top executives from these companies will share insights and opinions on where the industry may be headed for the coming year and what opportunities may lay ahead for firms that can secure financing for major new projects and expansions. CEOs and business leaders from companies such as SES, Intelsat, Eutelsat, Telesat, Inmarsat, AsiaSat, RSCC, Iridium, HNS, Viasat, O3B Networks, Lockheed Martin, EADS Astrium, Arianespace, Société Générale, Morgan Stanley and Coface will be represented at the World Summit for Satellite Financing.

Despite the global economic downturn that began in late 2007, the satellite sector has continued to post a strong performance; with steady growth in most industry segments (see Table 1 below). Digital broadcasting and broadband satellite communications for a variety of uses continue to require increasing transponder capacity, driving growth in the years to come. New satellite projects from emerging regional operators and space countries continue to boost transponder supply and demand, with a record of 30 commercial GEO comsats ordered in 2009 and still solid prospects for 2010. Government demand for commercial satellite communications, driven by the conflict in Afghanistan, has reached record levels, as have security agency and environmental requirements for satellite imagery with government demand for commercial data projected to reach $2.6 billion by 2019, up from only $735 million in 2009.

Entering its second year, the Symposium on Earth Observation Business will examine the factors driving growth in this rapidly-expanding sector. Euroconsult forecasts that overall procurement of commercial satellite Earth observation (EO) data will reach over $4 billion by 2019. This forum will feature top-level speakers from DigitalGlobe, GeoEye, Astrium Services, Ball Aerospace, Google Total, NOAA, Eumetsat, NGA, the UK MoD among others, discussing their business models and providing insight into the opportunities they see in the Earth observation industry.

TABLE 1

The commercial satellite business remains healthy, though there are signs that the pace of growth may be slowing in 2011:

World Satellite Business Weekwill open with a half-day session on September 6 for the 8thSymposium on Market Forecasts. The 14thWorld Summit for Satellite Financingwill be conducted September 7-9 and the 2nd Symposium on Earth Observation Business will be held September 9-10. For a full conference program, please go to www.satellite-business.com.

About Euroconsult

Euroconsult is the leading international consulting and analyst firm specializing in satellite applications, communications, and digital broadcasting. Euroconsult provides strategic consulting and analysis, develops comprehensive research reports and forecasts, and organizes events including the annual World Satellite Business Week, the industry’s leading executive-level gathering, including the Symposium for Earth Observation Business (www.satellite-business.com). With 25 years of experience Euroconsult has over 560 clients in 50 countries, including leaders throughout the satellite industry; satellite operators and service providers; government agencies; satellite manufacturers and launch service providers; equipment providers and integrators; media and broadcasting companies; and banks and investors. The company has completed 500 satellite-related consulting projects. Euroconsult is based in Paris with offices in Montreal and Washington, DC. www.euroconsult-ec.com.

http://www.directionsmag.com/pressreleases/leading-satellite-industry-ceos-top-execs-to-gather-in-paris-for-world/130188