Satellite News

In its latest analysis of satellite manufacturing and launch services, Satellites to be Built and Launched by 2028, Euroconsult projects that the satellite market will experience a radical transformation in the quantity, value and mass of the satellites to be built and launched with a four-fold increase in the number of satellites at a yearly average of 990 satellites to be launched, compared to a yearly average of 230 satellites in the previous decade.

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.