Satellite manufacturers and launch companies are preparing for a busy decade with new constellations, crewed space missions and rising demand for space-based data about what’s happening on Earth. “There’s growing and strong interest in government and military situational awareness,” Dallas Kasaboski, Northern Sky Research (NSR) principal analyst, told Connectivity Business News…
NSR’s newest report forecasts 33,000+ satellites manufactured and launched in the next 10 years, primarily driven by non-GEO constellations Cambridge, MA – June 21st, 2022– 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.
The space and satellite industry was back together in force at SATELLITE 2022, with greater international participation than recent years. Topics like in-orbit servicing, software, and the commercialization of IoT took center stage. Here are NSR’s top takeaways from the event….
Many satellite constellation developers are opting to build their own satellites. Over the last year, the number of constellations relying on in-house manufacturing jumped from 32 percent to 43 percent, Brad Grady, Northern Sky Research president and chief operating officer, said at the SmallSat Symposium. In many cases, firms decide to build their own satellites.
NSR’s latest report, Global Satellite Manufacturing and Launch Markets, 11th Edition, sees post-pandemic rebound driven by constellations, innovative technologies, and new services offerings. Over the next ten years, satellite manufacturing and launch order volumes reach nearly 24,700. Upcoming deadlines for international regulatory filings, strong investments from public and private investors, and the associated capacity influx.