Smallsat Launcher Success: A Two-Stage Story
The dedicated smallsat launch market is still far from reaching maturity, with demand still overwhelming supply; however, all signs point to progress being made in the right direction.
The dedicated smallsat launch market is still far from reaching maturity, with demand still overwhelming supply; however, all signs point to progress being made in the right direction.
It is therefore no surprise that its commercial space industry is responding to the New Space renaissance with a diverse array of launch initiatives to ease access to orbit.
The Smallsat Launch Vehicle Markets Shift from “Launcher Boom Era” to Long-Term Sustainability Focus as Market Matures CAMBRIDGE, MA – NSR’s Smallsat Launch Vehicle Markets, 2nd Edition report, released today, concludes the dedicated commercial small satellite launch market will see a rapid ramp-up period resulting in over $2.2B in revenue over the next 10 years, overcoming.
While the overall growth of the smallsat market is beneficial for the space economy as it is helping lower the barriers to entry and create new revenue streams in the (relatively) near term, the impact of this growth on the space ecosystem in the long term is less often discussed.
7,000 small satellites will be launched by 2027, with constellations expected to dominate the market which, in some cases, are planning to deploy unprecedented numbers at a record pace, according to NSR’s Small Satellite Markets, 5th Edition forecasts. Despite a 30% decline in launch rates in 2018, small satellites are expected to regain growth in the near terms and over the next decade.