CubeSats deployed from the International Space Station. (Credit: NASA)
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.