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According to the 21st edition of its Satellites report to be built and launched over the next 10 years, Euroconsult predicts that 330 satellites of an average of more than 50 kg will be launched on average each year by 2027 for the first time. government agencies and trade organizations around the world.
This is a tripling in the last decade, as the satellite market is undergoing a paradigm shift with the rise of small satellites and large constellations.
"The satellite sector is undergoing a massive transformation as more and more commercial and government entities exploit the constellations to introduce new satellite services to Earth," said Rachel Villain, Senior Advisor for Euroconsult and editor-in-chief of the report.
"We expect that more than 40 constellations of different sizes and capabilities will launch approximately 2,300 satellites in low or medium Earth orbits for services as diverse as communications, navigation, Earth observation, meteorology and weather. collecting data from Earth sensors. "
The 3,300 satellites of more than 50 kg that will be launched between 2018 and 2027 are expected to represent a $ 284 billion market for the space industry in terms of construction and launch, up 25% over that of the United States. the last decade.
At the same time, a drop in prices is visible in the satellite sector, as a result of commercial constellations of small businesses introducing new concepts of production and operation, including economies of scale, software adaptation and vertical integration up to data analysis.
Governments will continue to be the largest customer for the satellite and launch vehicle industries with more than 1,300 satellites to be launched over the next 10 years in approximately 70 countries, for a market value of more than $ 200 billion.
Governments dominate the space industry as established space countries replace and develop their orbiting satellite systems, and more and more countries are acquiring their first operational satellite systems, usually for communications, at least once a year. Earth observation and intelligence. 85% of the general government market will remain concentrated in the 10 countries with an established space industry (the United States, Russia, China, Japan, India and the top five European countries).
The other 60 countries are investing in satellite systems to develop national space capabilities or acquire their first systems (usually for communications, Earth observation and imaging intelligence) to better respond to social development and economic.
In the area of commercial space, Euroconsult estimates that about fifty companies will launch nearly 2,000 satellites, including 1,700 units for 22 commercial constellations (of which a single constellation represents 70%).
Commercial space always means communication and broadcasting satellites in geostationary orbit; these satellites account for nearly 50% of the $ 70 billion in commercial revenues expected over the decade.
The other two major commercial markets are constellations of non-geostationary orbiting satellites for communications (25% of revenues) and Earth observation (11% of revenues). New commercial markets are emerging for services in orbit such as life extension and for tourism in orbit (mainly lunar).
Research Report: Satellites Will Be Built and Launched By 2027
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