Commercial space companies tend to key on opportunities supported by a foundation of public funding, so it’s worth noting that a new report identifies 23 countries likely to spawn new space programs by 2025.
French-based researcher Euroconsult found that 24 nations are nurturing fledgling space programs, which already have launched at least 69 satellites during the past 20 years.
“As satellite technology has become more accessible and affordable, the number of countries investing in their first satellite system has increased dramatically,” Euroconsult said in its report, circulated July 20. “2015 set an all-time record with nine satellites launched, confirming the dynamism of this market.”
The researcher said the next 10 years will see the number of emerging space programs increase to 47 nations, including 23 countries currently without such activities “who will have committed their first investment in space between 2016 and 2025.”
The report projects more than 130 satellite launches for the next decade in missions valued at almost $12 billion. Euroconsult has come up with a rating system — dubbed the Emerging Space Program Index — to rank the likelihood of various nations jumping into the space launch competition.
“Some countries show a high profile regarding potential investment in satellite solutions and acquisition (and) four countries show very high potential,” said Steve Bochinger, chief operating office of Euroconsult.
Five other countries may also join the sector but are rated a bit less likely to make the leap during that time frame.