Forecast Predicts Smallsat Launch Service Revenues Will Top $28 Billion by 2030
In a recent analysis, Frost & Sullivan forecasts that 20,425 satellites will be launched between 2019 and 2033, with North America leading the way, followed by Europe. The company says that demand could take the small-satellite launch services market past the $28 billion mark by 2030. Frost & Sullivan anticipates high-volume demand for component manufacturers, dedicated launch service providers and low-cost ground station services.
In the analysis, “Small Satellite Launch Services Market, Half-yearly Update, H1 2019, Forecast to 2033,” Frost & Sullivan predicts that the small satellite launch services market will keep expanding with a key upturn in 2024 due to the overlap of new installations and replacement satellites. Payload mass demand is observed to be the highest in the 150-500 kg mass segment, accounting for 82% of the total.
“With the successful launch of SpaceX’s 60 satellites and OneWeb’s six test satellites, momentum has been built for further constellation installations. In addition, H1 has witnessed favorable test launches of small constellation players like Astrocast and NSLComm,” said Prachi Kawade, research analyst, space, with Frost & Sullivan.