eoPortal News: Did you know?
Government and industry to combine for 1150 satellites over next decade
04 November 2013
According to Euroconsult's recently published research report, Satellites to be Built & Launched by 2022: World Market Survey, 115 satellites will be launched on average each year worldwide over the next 10 years (2013-2022). As several commercial and government constellations will be launched into low earth orbit (LEO) in the coming years, up to 140 satellites per year are expected between 2015 and 2017, decelerating to 100 units afterwards.
Revenues from the manufacture and launch of these 1,150 satellites over the decade will be worth $236 billion, up 26% from those generated by the 810 satellites launched in the past ten years (2003-2012). Revenue growth between the two decades is lower than the growth in number of satellites since many small satellites are being developed, requiring shorter development time and lower launch costs.
Governments worldwide will be responsible for two-thirds of the 1,150 satellites to be launched and for nearly three-quarters of the $236 billion expected in revenues. Over 90% of the government market value will remain concentrated in the 15 countries with an established space industry. New satellite systems in 30 emerging space countries will also create a market of over $1 billion on average per year. According to Rachel Villain, Principal Advisor at Euroconsult, "More and more governments are acquiring operational telecommunications and Earth observation (EO) satellite systems to support socio-economic development in their country and to sell satellite services abroad."