330 Satellites to be Built and Launched 2018-2027
March 28, 2019 | Globe NewswireEstimated reading time: 1 minute
According to the 21st edition of the report, the author anticipates that 330 satellites with a mass over 50 kg will be launched on average each year by 2027 for government agencies and commercial organizations worldwide. This is a threefold increase over the past decade as the satellite market experiences a paradigm shift with the rise of small satellites and large constellations.
The satellite sector is undergoing a massive transformation as more commercial and governmental entities take advantage of constellations to introduce new satellite services on Earth. We anticipate that over 40 constellations of various sizes and capabilities will launch about 2,300 satellites into low or medium Earth orbits for services as diverse as communications, navigation, Earth observation, meteorology and data collection from Earth sensors.
The 3,300 satellites over 50 kg to be launched over 2018-2027 should represent a market of $284 billion for the space industry in terms of building and launching, up 25% over that of the past decade. At the same time, a price decrease is visible in the satellite industry, driven by the commercial constellations of smallsats introducing new production and operation concepts including economies of scale, softwarization, and vertical integration up to data analytics.
Governments will remain the largest customer of the satellite and launch industries with 1,300+ satellites to be launched over the next 10 years for about 70 countries, for a market value of over $200 billion. Governments dominate the space industry as established space countries replace and expand their in-orbit satellite systems, and more countries acquire their first operational satellite systems, usually for communications, Earth observation and imagery intelligence. 85% of the government market will remain concentrated in the 10 countries with an established space industry. The other 60 countries invest in satellite systems to develop domestic space capabilities, or to acquire their first systems (usually for communications, Earth observation and imagery intelligence) in order to be more responsive to social and economic development.
In the commercial space sector, the author believes about 50 companies will launch almost 2,000 satellites, of which 1,700 units will be for 22 commercial constellations. Commercial space still means communications and broadcasting satellites in geostationary orbit; these satellites represent almost 50% of the $70 billion of commercial revenues expected over the decade. The two other large commercial markets are for non-geostationary orbit satellite constellations for communications (25% of revenues) and Earth observation (11% of revenues). New commercial markets are emerging for in-orbit services such as life extension, and for in-orbit tourism (mostly lunar).
Suggested Items
LQDX Divests Aluminum Soldering Business - Mina™ - to Taiyo America Inc.
05/02/2024 | PRNewswireLQDX, formerly known as Averatek Corp., developer of high-performance materials for advanced semiconductor manufacturing, today announced that it has divested its aluminum soldering business – known as MinaTM – to Taiyo America Inc., a global market leader in advanced electronic materials.
IDTechEx Report on Quantum Technology: Nano-scale Physics for Massive Market Impact
04/30/2024 | PRNewswireThe quantum technology market leverages nano-scale physics to create revolutionary new devices for computing, sensing, and communications. Across the industry, quantum technology offers a paradigm shift in performance compared with incumbent solutions.
Guerrilla RF Completes Strategic Acquisition of GaN Device Portfolio from Gallium Semiconductor
04/29/2024 | BUSINESS WIREGuerrilla RF, Inc. has finalized the acquisition of Gallium Semiconductor's entire portfolio of GaN power amplifiers and front-end modules. Effective April 26th, 2024, GUER acquired all previously released components as well as new cores under development at Gallium Semiconductor.
Amphenol Reports Q1 2024 Results, Announces New Stock Repurchase Program
04/26/2024 | BUSINESS WIREAmphenol Corporation reported first quarter 2024 results. In addition, the Company is announcing a new three-year, $2 billion stock repurchase program.
Chinese Smartphone Market Maintains its Recovery Momentum at 6.5% Growth in 1Q24,
04/26/2024 | IDCAccording to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, China smartphone shipments grew 6.5% year over year (YoY) to 69.3 million units in 1Q24.