Euroconsult forecasts satellite demand to experience a four-fold increase over the next 10 years
Paris, Washington D.C., Montreal, Yokohama – In its latest analysis of satellite manufacturing and launch services,Euroconsult projects that the satellite market will experience a radical transformation in the quantity, value and mass of the satellites to be built and launched with a four-fold increase in the number of satellites at a yearly average of 990 satellites to be launched, compared to a yearly average of 230 satellites in the previous decade. The market will reach $292 billion over the next decade. This reflects a 28 percent increase over the previous decade which totalled $228 billion in revenues.
“Newcomers like Oneweb, SpaceX’s Starlink or Amazon’s Project Kuiper are becoming the largest owners of assets in orbit, challenging the satellite industry in many ways” said Maxime Puteaux, Editor-in-Chief of this research product and Senior Consultant at Euroconsult.