LONDON, Jan. 7, 2019
Developing production requirements, partnerships, systems, and infrastructure will be critical to harnessing lucrative growth opportunities, finds Frost & Sullivan
LONDON, Jan. 7, 2019 /PRNewswire/ -- Frost & Sullivan forecasts an estimated launch demand for 11,746 small satellites for new constellation installations and replacement missions by 2030. Such demand would take the small-satellite launch services market past the $69 billion mark and present significant growth opportunities throughout the industry. In order to keep up with market demand, Frost & Sullivan anticipates innovative solutions will be deployed across the value chain including launch, manufacturing, and supply chain. In such an evolving market it will be critical for market participants to develop long-term sustainable partnerships to maintain and establish robust business operations.
"The small-satellite launch service market is gaining pace with 89 small satellites launched in the third quarter of 2018. We also saw seven new players joining the small-satellite launch services race," said Kamalanathan Kaspar, Senior Industry Analyst, Space.
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Our experts have tracked and identified the following areas that are creating growth opportunities in the market:
"Quarter three 2018 witnessed the International Organization for Standardization (ISO) implementing new international technology specifications for cube satellites detailing the minimum requirements for the spacecraft throughout its lifecycle," noted Kaspar. "New entrants will need to ensure technology advancements comply with evolving standards."
Frost & Sullivan's recent analysis, Small-satellite Launch Services Market, Quarterly Update Q3 2018, Forecast to 2030 studies the demand for small-satellite launch based on operators' maturity, mass classes, and user segments. It forecasts the number of small satellites, payload mass, and launch revenue based on defined scenarios.
Small-satellite Launch Services Market, Quarterly Update Q3 2018, Forecast to 2030 is part of Frost & Sullivan's global Aerospace, Defense & Security Growth Partnership Services program.
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Small-satellite Launch Services Market, Quarterly Update Q3 2018,
Forecast to 2030
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