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Disruptive New Entrants Lead Small-satellite Launch RaceOn-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 /CNW/ -- 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. "Small-satellites are the focus of changing space industry dynamics with current rideshare capacity insufficient to meet future small-satellite launch demand," said Vivek Suresh Prasad, Space Industry Principal, Aerospace & Defence. "Existing players such as Airbus, Eutelsat and Thales Alenia are investing in small-satellite businesses to develop their systems and infrastructure and harness lucrative, future, low-cost small-satellite services." For further information on this analysis, please contact Jacqui Holmes on [email protected] New space technologies, investment from private and government sectors, and the promise of low-cost solutions are driving advancements in the small-satellite value chain. Overall, significant opportunities will be created by high-volume subsystem demand, on-demand launch services for small-satellites, capacity expansion of global ground station services, and simplified standard platforms for downstream services. Our experts have tracked and identified the following trends that are creating growth opportunities in the market:
Frost & Sullivan's recent analysis, Small-satellite Launch Services Market Quarterly Update Q2 2018, studies the demand for small-satellite launch based on operators' maturity, mass classes, and user segments. It forecasts the number of small-satellites, payload mass, and launch revenue based on defined scenarios. Small-satellite Launch Services Market, Quarterly Update Q2 2018, Forecast to 2030 is part of Frost & Sullivan's global Aerospace, Defense & Security Growth Partnership Services program. About Frost & Sullivan For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion Small-satellite Launch Services Market, Quarterly Update Q2 2018, Jacqui Holmes
View original content:http://www.prnewswire.com/news-releases/disruptive-new-entrants-lead-small-satellite-launch-race-300692821.html SOURCE Frost & Sullivan |