ATLANTA, January 30, 2018 (SEI PR) – SpaceWorks Enterprises, Inc. (SEI) announced today the release of its annual nanosatellite and microsatellite market forecast and the unveiling of its updated SpaceWorks Commercial website.
Projections indicate as many as 2,600 nano/microsatellites will require launch over the next 5 years. The 2018 market forecast is available in presentation form as a free download on the SpaceWorks Commercial website, www.spaceworkscommercial.com.
In addition to market forecasting, the SpaceWorks Commercial business line focuses on economic analysis, competitive intelligence, and strategic advisory/due-diligence services for the space industry. Case studies highlighting SpaceWorks previous commercial engagements can also be found on the website.
Compared with last year’s Nano/Microsatellite forecast, the current projections have been increased to reflect an increase in small satellite launch opportunities, the continued maturation of emerging small satellite operators, and a strong influx of venture capital financing into the space sector. An estimated 263 – 413 nano/microsatellites (1 – 50 kg) will launch globally in 2018, representing a 15% decrease from 2017, but an overall increase of 160% from 2016. The Nano/Microsatellite Market Forecast, 8th Edition by SpaceWorks shows that annual nano/microsatellite launches have grown by over 200% in the last 5 years. Analysis of development trends by operator type show that the commercial sector continues to grow significantly and is expected to encompass over 70% of nano/microsatellites launched in the next 5 years. Analysis of trends by application suggests that Earth Observation and Remote Sensing will remain the primary use for nano/microsatellites in the near term.
“2017 was a record setting year for the small satellite market, significantly reducing the satellite backlog that has been building since 2015. This year the global launch industry showed broader acceptance of small satellite rideshares and demonstrated its ability to accommodate near-term market demand even while small satellite launch vehicles continue to mature,” stated Mr. Caleb Williams, SpaceWorks Space Systems Analyst. “SpaceWorks’ 2018 projections have been increased to reflect the rise in small satellite launch opportunities seen last year, as well as the continued maturation of small satellite operators, and a strong influx of venture capital into the space sector. Ultimately the future of the small satellite market will depend largely on the ability of operators to secure capital and create sustainable customer relationships. We hope our latest Nano/Microsatellite Market Assessment provides insight into the changing market landscape and proves to be a valuable resource for the small satellite community.”
Since 2008, SpaceWorks has actively monitored global economic activity in the space sector to provide its clients with valuable insights into the changing space market landscape. SpaceWorks internally maintains a broad Launch Demand Database (LDDB) to track all historical and future satellites and their characteristics, which serves as the basis for SpaceWorks satellite market assessments. SpaceWorks routinely completes custom market research and strategic advisory engagements for customers across the industry to help clients understand the competitive market forces at play and enable them to make sound strategic investment decisions. Please contact Caleb Williams with any questions.
News and information about SpaceWorks can be found at www.spaceworksenterprises.com.