Low-cost Operations Help Drive Smallsat Launch Market Toward $62 Billion by 2030

Electron lifts off on maiden flight from Mahia Peninsula in New Zealand. (Credit: Rocket Lab)

Dedicated, flexible, on-demand launch vehicles crucial to meet huge demand, finds Frost & Sullivan

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.

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Study Predicts Significant Growth in Global Space Market

FROST & SULLIVAN PRESS RELEASE

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.

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