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.
In recent weeks, Chinese officials have revealed more details about the investigation into the Long March 5 launch failure last year as well as their ambitious launch plans for this year, which include a landing on the far side of the moon.
Long March 5 will be returned to flight in the second half of 2018, according to Bao Weimin, head of the Science and Technology Committee of the China Aerospace Science and Technology Corporation (CASC). Engineers have identified the cause of a launch failure that occurred last July and are working to verify it, he said.
China conducted its first launch of 2018 on Tuesday when a Long March 2D booster lofted a pair of SuperView imaging satellites into polar orbit for Beijing Space View Technology. The rocket lifted off from the Taiyuan Satellite Launch Center.
“Success! We’re thrilled to announce the successful launch of SuperView-1 03&04 satellites at 11:26 this morning in Taiyuan Satellite Launch Center!” the company tweeted.
The launch doubled the number of high-resolution SuperView satellites the company has on orbit. It plans to sell imagery on the global market.
GBTimesreports China could launch more than 40 times in 2018, which would be a substantial increase over the 18 launches the nation conducted last year.
The China Aerospace Science and Technology Corporation (CASC), announced at a conference on January 2 that its 2018 work model includes 35 launches, underlining the return to flight of the heavy-lift Long March 5 rocket, the Chang’e-4 lunar far side mission and launches of Beidou navigation satellites as the major activities.
In addition CASIC, a defence contractor, missile maker and sister company of CASC, will carry out a number of missions through its subsidiary EXPACE, including launching four Kuaizhou-1A rockets within one week and the maiden flight of the larger Kuaizhou-11.
Landspace Technology, a Beijing-based private aerospace company, is also expected to debut its LandSpace-1 solid propellant rocket this year.
The China Aerospace Science and Technology Corporation (CASC) announced last week that it plans to launch a reusable space plane capable of taking off and landing on a runway around the year 2020.
Unlike traditional one-off spacecraft, the new spacecraft will fly into the sky like an aircraft, said Chen Hongbo, a researcher from the corporation. The spacecraft can transport people or payload into the orbit and return to Earth.
China plans to launch the core of its permanent Tianhe-1 space station around 2018, with full assembling of the multi-module facility due to be complete about four years later, officials said last week.
CASC — the China Aerospace Science and Technology Corporation — reports it has reached a milestone in its development of a new LOX methane rocket engine.
“Recently, a new generation of methane liquid oxygen rocket engine ignition system-wide test to be successful for the first time, signifying that our LOX methane engine development has reached the international advanced level,” according to a story by China Space News published on the CASC website.
The story (in Chinese) is here. You’ll have to open the page in Google Chrome (which has built-in translation) or run it through a translator.
SpaceX is developing a LOX methane engine that will be used as an upper stage for its Falcon rockets. The engine will be tested at the NASA Michoud facility in Mississippi.