Satellite News

Revenues from global commercial space activity in 2018 climbed to their highest level ever and now make up nearly 80% of the total global space industry, according to new findings from The Space Report Quarter Three.

Euroconsult released its flagship research, which predicts the satellite communications market will grow to US$19.4 billion by 2028. Following a decline that began in 2014, the research forecasts a return to revenue growth beginning in 2020, driven by demand for broadband applications, including rural connectivity, in-flight communications, as well as cellular backhaul.

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According to Euroconsult’s newly released research, Prospects for the Small Satellite Market, the market for small satellite (smallsat) manufacturing and launch will grow from US$12.6 billion in 2009-2018 to US$42.8 billion in the coming decade from 2019-2028, nearly quadrupling in size.

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According to Euroconsult’s newly released research, Government Space Programs: Benchmarks, Profiles & Forecasts to 2028, global government space budgets are in the early stages of a ten year growth cycle with total world expenditures reaching US$70.9 billion in 2018, and forecasted to grow to US$84.6 billion by 2025.

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NSR’s Satellite Manufacturing and Launch Services, 9th Edition (SMLS9) report forecasts a US$225 billion market opportunity over the next decade, driven by Situational Awareness and Earth Observation markets.

NSR’s Smallsat Launch Vehicle Markets, 2nd Edition report, concludes the dedicated commercial small satellite launch market will see a rapid ramp-up period resulting in over US$2.2 billion in revenue over the next 10 years, overcoming supply chain constraints, new technology risks, and solidifying its place in the market as a proven competitor.