An average of 140 satellites will be launched per year over the next decade, generating $255 billion in space-business revenue, an industry consulting group predicts.
Governments in 60 countries will be responsible for 75 percent of the revenue expected from the manufacturing and launch of these satellites, according to the consulting group Euroconsult.
The overall number of satellites predicted is limited to those with launch mass over 50 kilograms, or 110 pounds.
“The increase in (overall) satellite number would be significantly higher if two mega-constellation projects for small communications satellites were included in the forecast,” said Rachel Villain, editor of the report.
More than three-fourths of the space economic sector involves commercial enterprises such as satellite operations and space manufacturing, the advocacy group the Space Foundation says. A recent report from that group says the worldwide “space economy” grew 9 percent to $330 billion last year.
Euroconsult’s Villain said, “The 1,400 satellite count over the decade already includes 350 satellites to be deployed by 10 commercial constellations into low or medium Earth orbits for communication or Earth observation.”
The 10 commercial constellations to be launched into non-geostationary orbits for broadband and narrowband communications and for Earth observation imagery should represent a market of $1.3 billion per year on average over the decade, Euroconsult said.
Nearly 90 percent of the government market will remain with the 10 countries and regions with proven space industries: the United States, Russia, Europe (France, Germany, Britain, Italy and Spain), China, Japan and India. But another 50 counties with emerging space programs will launch satellites, doubling their efforts from the previous decade, the study predicts.
The report is Satellites to be Built & Launched by 2024, billed as a “complete analysis and forecast of satellite manufacturing and launch services.”