Ariane 5
Space markets post strong growth, defy economic crisis
Spaceflightnow.com
Markets for commercial communications satellites, Earth observation spacecraft and their launchers, all remarkably unaffected by the global economic crisis, continue to soar toward yearly double digit growth, generating billions in annual revenues.
Assessments by global market analysis firms are in close agreement about growth across 2008-2009, and for an upbeat picture to continue into 2010 and beyond. Companies out with new forecasts include Northern Sky Research, Euroconsult, Futron and Forecast International.
“No recession here,” headlines a major Northern Sky Research assessment of commercial satellite supply and demand.
“Crisis, what crisis,” Pacome Revillon, managing director of Euroconsult, said at a recent Paris conference on Earth imaging satellites. “There is no crisis in orbit,” he proclaimed.
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