On-demand launch services and global ground station service expansion drive multiple growth opportunities that could take demand launch services revenues past $70 billion by 2030, finds Frost & Sullivan
LONDON, Aug. 7, 2018 (Frost & Sullivan PR) — Frost & Sullivan’s recent analysis, Small-satellite Launch Services Market Quarterly Update Q2 2018, reveals that the market is abuzz with major service providers such as PSLV, CASC, Rocket Lab, JAXA, SpaceX, Roscosmos, and others launching a total of 62 small-satellites in the first quarter of 2018.
Frost & Sullivan now expects launch demand to increase to 11,740 small-satellites by 2030 with revenues reaching $70.10 billion. Commercial players will offer and enable real-time imagery, digital transformation, and seamless global connectivity.
LONDON, May 14, 2018 (Frost & Sullivan PR) — The evolution of small satellites from technology demonstrators to providers of low-cost operational services across distributed industry segments is attracting launch demand from organisations all over the world. By 2030, there will be an estimated 11,631 launch demands for new constellation installations and replacement missions, which could take the market past the $62 billion mark. As the lifespan of these satellites is between two years and five years, there will be constant launch demand and participants will look to enhance their systems and infrastructure.
Despite the global financial crisis, revenue-generating opportunities across the entire space value chain are expected to increase over the medium to long terms. However, changing dynamics will impel individual industry participants within specific sub-sectors toward a more complex market.