Small satellites market value estimated at $7.4 billion through 2019
Paris, Washington D.C., Montreal, Yokohama, February 26, 2015 – According to Euroconsult’s newly released research titled Prospects for the Small Satellite Market, a total of 510 small satellites, or smallsats (meaning nanosats, cubesats, microsats and minisats) are to be launched in the next five years, a two-third increase in the average number of smallsats per year versus that of the past decade. This total includes 14 constellations of different sizes and capabilities that represent a total of 140 satellites.
75% of the 510 satellites to be launched during the next five years will be for government civil and defense agencies. Growth in government demand will be stronger than in the commercial world where a total of 130 satellites are expected. “Large constellation projects such as those announced in 2014 by OneWeb and by SpaceX in association with Google have not been included in our forecasts/scenarios for launch by 2019,” said Rachel Villain, Principal Advisor at Euroconsult and Editor of the report. “Large constellation projects could, however, represent a very significant component of launches over the following five year period (2020-2024).”
The market value of these future 510 smallsats is estimated at $7.4 billion (at 2014$ prices to develop and launch the satellites). Market growth will remain strong (+17% vs. the past five years) as the small decrease over time in prices and in launch masses (for satellites greater than 50 kg) is offset by more satellites to be launched.
About The Report
Prospects for the Small Satellites Market presents the various factors that will drive/inhibit growth in demand for small satellites over the next ten years. The forecast was built on the basis of a qualitative and quantitative analysis conducted from two sources: A dedicated database and a combination of primary and secondary research. The market analysis has been divided into five segments, which includes three types of clients, six mission applications, three client regions, five mass categories, and three orbit types.
About Euroconsult
Euroconsult is the leading global consulting firm specializing in space markets. As a privately-owned, fully independent firm, we provide first-class strategic consulting, develop comprehensive research and organize executive-level annual summits for the industry. With 30 years of experience, Euroconsult is trusted by 600 clients in more than 50 countries. Euroconsult is headquartered in France, with offices in the U.S., Canada and Japan.
