IT News Online: NSR’s Global Satellite Manufacturing & Launch Report Projects $633 Billion Market by 2031
NSR’s Global Satellite Manufacturing and Launch Markets, 12th Edition sees global satellite manufacturing and launch market positioned to generate $633B through the next decade. Primarily driven by non-GEO constellations, 33,000+ satellites are projected to be manufactured and launched by 2031. With over 150 satellite constellations in various phases of funding and development, this segment is critical to the revenue picture for manufacturing & launch markets.
Crew & Cargo missions (transporting astronauts, supplies, and infrastructure) remain the cornerstone holding the largest market share – expected to generate $216 Billion through the decade. “However. commercialization activity is growing and diversifying, which can both challenge the market via competition, but also maintain revenue generation even during program slowdowns,”
While the space industry continues to focus on decreasing launch prices enabling increasing access to space, satellite and space companies (established and start-ups) are looking at new opportunities provided by the lurking recession