Home » News & Blogs » Euroconsult Forecasts Satellite Demand to Grow Four-fold Over Next 10 years
Bookmark and Share
Parabolic Arc

Euroconsult Forecasts Satellite Demand to Grow Four-fold Over Next 10 years

19 Jan 2020, 20:38 UTC
Euroconsult Forecasts Satellite Demand to Grow Four-fold Over Next 10 years
(200 words excerpt, click title or image to see full post)

Credit: Euroconsult

Paris, Washington D.C., Montreal, Yokohama, 13 Jan 2020 (Euroconsult PR) – In its latest analysis of satellite manufacturing and launch services, “Satellites to be Built and Launched by 2028″, Euroconsult projects that the satellite market will experience a radical transformation in the quantity, value and mass of the satellites to be built and launched with a four-fold increase in the number of satellites at a yearly average of 990 satellites to be launched, compared to a yearly average of 230 satellites in the previous decade.

The market will reach $292 billion over the next decade. This reflects a 28 percent increase over the previous decade which totalled $228 billion in revenues.

“Newcomers like Oneweb, SpaceX’s Starlink or Amazon’s Project Kuiper are becoming the largest owners of assets in orbit, challenging the satellite industry in many ways” said Maxime Puteaux, Editor-in-Chief of this research product and Senior Consultant at Euroconsult.

These changes are characterized by several factors:

LEO and MEO constellations are expected to account for 77 percent of the projected demand in the next decade driven by broadband projects like SpaceX’s Starlink, Oneweb, Amazon’s Project Kuiper, Telesat LEO and SES’s O3b mPOWER.

Incumbent GEO comsat commercial satellite ...

Latest Vodcast

Latest Podcast

Advertise PTTU

NASA Picture of the Day

Astronomy Picture of the Day

astronomy_pod