Earth Imaging Journal: Remote Sensing, Satellite Images, Satellite Imagery
Breaking News
Map of the month: GfK Purchasing Power Europe 2017
Europeans have an average of €13,937 available for spending...
.Earth Domain Celebrates Second Anniversary By Making a Positive Impact Both Online and Offline
Interlink Co., Ltd., the official operator of the .Earth...
SSL Selected to Conduct Power and Propulsion Study for NASA’s Deep Space Gateway Concept
PALO ALTO, Calif. - SSL, a business unit of...
Esri Collaborates with Mobileye to Bring Real-Time Sensor Data to Public Transit
REDLANDS, Calif.— Esri, the global leader in spatial analytics,...
CTIA Calls on FAA to Recognize That Commercial Wireless Networks Offer Best Platform to Support Fast-Growing Drone Market
WASHINGTON - CTIA, the wireless association, today called on the...

July 7, 2016
$22 Billion Market Value for Small Satellites over Next Ten Years

Paris, Washington D.C., Montreal, Yokohama, July 7, 2016 - According to Euroconsult's latest report, Prospects for the Small Satellite Market, we are on the cusp of a major revolution for the space sector and overall space ecosystem, as more than 3,600 smallsats are expected to be launched over the next ten years, a significant increase from the previous decade. The total market value of these satellites is anticipated to be $22 billion (manufacture and launch), a 76% increase over that of 2006-2015. This rate of growth is unprecedented for the space sector and will bring about fundamental changes as both new and established industry players attempt to increase their capabilities in order to gain market share.


"Earth observation is expected to exhibit the strongest growth in terms of units launched; over 2,100 satellites are anticipated from 2016 to 2025. Four companies plan to launch more than 1,400 satellites during this period alone: Planet, Spire Global, BlackSky and Satellogic," said Adam Keith, Managing Director of Euroconsult Canada and editor of the report. "Satellite communication smallsats will also increase significantly to nearly 800 during the same period of time (discounting SpaceX's STEAM constellation). There are six constellations foreseen, however OneWeb makes up the bulk of these units."


Including all third-party and in-house manufacturers, around 200 organizations built a smallsat between 2006 and 2015; the coming decade shows a similar pattern. Smallsat suppliers are entering the industry to capitalize on demand with flexible COTS (commercial off-the-shelf) equipment, bringing down costs and development times. Larger integrators focused on larger missions do not necessarily have the capacity to create these smaller, nominally lower-cost solutions at a profit or have the platforms available to support small mission development.


In the next decade, launch services are expected to generate $5.3 billion, a 76% increase over the previous decade. Small-lift vehicles in development will add further specialized supply. Prices from Firefly, Rocket Lab and Virgin Galactic are not expected to undercut existing supply prices. However, with smallsat operators impacted by the launch bottleneck and affected by delays in ridesharing and the like, despite the higher price per kg, the benefit of quicker and dedicated access to space could be attractive for operators.



About the Report

Prospects for the Small Satellite Market presents the various factors that will drive/inhibit growth in demand for small satellites over the next 10 years. The forecast was built on the basis of a qualitative and quantitative analysis conducted from two sources: A dedicated database and a combination of primary and secondary research. This report considers satellites by four mass categories, six regions, five satellite applications and five manufacturer typologies. This report  contains thousands of data points and the expert interpretation and analysis found with all Euroconsult research.


About Euroconsult

Euroconsult is the leading global consulting firm specializing in space markets. As a privately-owned, fully independent firm, we provide first-class strategic consulting, develop comprehensive research and organize executive-level annual summits for the industry. With 30 years of experience, Euroconsult is trusted by 600 clients in over 50 countries. Euroconsult is headquartered in France, with offices in the U.S., Canada and Japan.

Comments are closed.