Expect an average of 300 commercial and government satellites to be launched annually during the next 10 years, part of a $300 billion worldwide industry market.
Those are the core projections of a new global report on satellite manufacturing and launches circulated by Paris-based research group Euroconsult, released Oct. 11.
The report is approximately twice as bullish on satellite launch numbers from a similar report just a year ago. The reason: a surging paradigm shift toward smaller satellites, known as CubeSats or nanosats.
The trend toward smaller, cheaper satellites is also fueling a parallel trend by communications providers toward “megaconstellations” comprised of hundreds of miniature satellites.
In its report, Euroconsult counted satellites with 50kg in mass or more, the lower end of orbital-capable satellite sizes.
“The space industry is undergoing a massive change in volume as CubeSats/nanosats and the large constellations of small satellites have begun to revolutionize satellite design, testing and production,” report editor Rachel Villain, said. “It remains to be seen how these new satellite concepts will incentivize demand for satellite services on Earth through lower costs, especially considering that, ultimately, the cost of ownership for satellite services also includes a large investment on the ground.”
A total of 2,000 commercial satellites are expected to be launched by 2026, part of a $65 billion commercial space market.