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A major portion of satellites slated to be launched from 2016-2015 with launch mass over 50kg will be dominated by government satellites from countries like the US, Russia, India, China and Japan, according to Euroconsult.
The 1,450 satellites over 50kg to be launched over 2016-2025 should represent a market of $250 billion for the space industry to build and launch.
If satellites smaller than 50kg and the two mega constellations of OneWeb and SpaceX are also included in the number of launches, the total for the decade would grow precipitously to 9,000 units (vs. 1,480 launched in the past ten years), states extracts from the Euroconsult’s 19th edition of the report, `*Satellites to be Built & Launched over the next 10 Years’*, due to be published later in September.
A price decrease is visible in this core market of the industry, driven by 11 commercial constellations using 370 small satellites to be deployed into low or medium Earth orbits for communication or Earth observation, the report says.
"Huge growth in satellite count does not automatically translate to a large market," Rachel Villain, Principal Advisor at Euroconsult and editor of the report, was quoted in a statement put on Euroconsult’s website.
According to Villain, "As the price of the 7,550 future additional satellites is intrinsically low, the very reason for their existence, their market significance is small; they should represent no more than 8 per cent of the $270 billion to be spent building and launching the total of 9,000 satellites."
Euroconsult is a leading global consulting firm specializing in space markets. As a privately-owned, fully independent firm, it provides strategic consulting, develops comprehensive research and organizes executive-level annual summits and training programs for the satellite industry.
Interestingly, over three quarters of the market remains with government satellites. The 880 satellites to be launched for civilian and military agencies in 60 countries represent a market of $193 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 or for Earth observation and imagery intelligence, Euroconsult statement says.
http://www.indiantelevision.com/satellites/satellite-launches/govt-satellite-launches-including-from-india-to-dominate-future-space-market-euroconsult-160915
The 1,450 satellites over 50kg to be launched over 2016-2025 should represent a market of $250 billion for the space industry to build and launch.
If satellites smaller than 50kg and the two mega constellations of OneWeb and SpaceX are also included in the number of launches, the total for the decade would grow precipitously to 9,000 units (vs. 1,480 launched in the past ten years), states extracts from the Euroconsult’s 19th edition of the report, `*Satellites to be Built & Launched over the next 10 Years’*, due to be published later in September.
A price decrease is visible in this core market of the industry, driven by 11 commercial constellations using 370 small satellites to be deployed into low or medium Earth orbits for communication or Earth observation, the report says.
"Huge growth in satellite count does not automatically translate to a large market," Rachel Villain, Principal Advisor at Euroconsult and editor of the report, was quoted in a statement put on Euroconsult’s website.
According to Villain, "As the price of the 7,550 future additional satellites is intrinsically low, the very reason for their existence, their market significance is small; they should represent no more than 8 per cent of the $270 billion to be spent building and launching the total of 9,000 satellites."
Euroconsult is a leading global consulting firm specializing in space markets. As a privately-owned, fully independent firm, it provides strategic consulting, develops comprehensive research and organizes executive-level annual summits and training programs for the satellite industry.
Interestingly, over three quarters of the market remains with government satellites. The 880 satellites to be launched for civilian and military agencies in 60 countries represent a market of $193 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 or for Earth observation and imagery intelligence, Euroconsult statement says.
http://www.indiantelevision.com/satellites/satellite-launches/govt-satellite-launches-including-from-india-to-dominate-future-space-market-euroconsult-160915
