Demand for Nano and Microsatellites Increasing Across All Applications
New NSR Report Forecasts a 150% Increase in the 1-50 kg Satellite Market by 2024
Wilmington, DE & London, UK – July 8, 2014 – NSR’s Nano and Microsatellite Markets report, released today, finds increasing reliability and capabilities driving uptake of 1-50 kg satellites across all applications, operators, and regions. In 2013 this nascent market surged into view with a trebling of total launches compared to 2012, and this higher launch rate will be sustained through the remainder of the decade and beyond. Opportunities exist to use nano/micro satellites both as a complement to existing GEO assets and as independent missions.
“Originally a platform for university and technology development projects, we are now seeing interest from the commercial, government, and military sectors in using 1-50 kg satellites operationally,” explains NSR Analyst and report author Carolyn Belle. “Operators who had been waiting for these platforms to demonstrate reliability and sufficient capabilities are now beginning to build satellites and deliver services in Earth Observation, Science, and Tracking/AIS.” Because they are so cheap and fast to build, 1-50 kg satellites can rapidly address changing needs and new opportunities with little risk to the operator. NSR forecasts that Earth Observation will experience the most growth, largely driven by commercial and military constellations.
The low cost per unit of these satellites facilitates the creation of constellations; operators will use the high revisit rate provided by constellations as compensation for low spatial resolution, less precise measurements, or fewer instruments per satellite. Constellations will be a dominant element in the 1-50 kg market over the next 10 years, a trend that has already begun to manifest.
Despite growing capabilities and demand for nano/micro satellites, NSR finds that the market will continue to be restrained by limited launch opportunities. Whether operators are most impacted by the minimal control regarding orbit, schedule, or risks of a rideshare launch model, more diverse offerings in the launch market are required to address nano/micro satellite operator needs. Fortunately, heightened demand for launch slots and the promise of continued demand due to rapid constellation replacement cycles means that the time is right for one of the many dedicated nano/micro satellite launcher projects to finally reach fruition.
About The Report
Nano and Microsatellite Markets provides unique insight into the emerging market for nano and microsatellites across all key applications. The report offers a new assessment with hundreds of data points and 20 unique forecasts to provide an understanding of the market through 5 applications and 4 mass categories over the 2009-2024 period.
For additional information on this report, including a full table of contents, list of exhibits and executive summary, please visit www.nsr.com or call NSR at +1-302-295-4981.
NSR is a leading international market research and consulting firm with a core focus on the satellite sector and related industries. Founded in 2000 and with an experienced group of analysts located in all regions, NSR specializes in analysis of growth opportunities across four core sectors: Satellite Communications, Broadcasting & Digital Media, Hybrid & Emerging Applications and Commercial Space.