As India’s First Private Aerospace company successfully tests a homegrown Rocket Engine, according to a November 2018 study by Northern Sky Research, a US-based provider of space industry intelligence, 6,500 small satellites will be launched for applications such as communication and remote sensing by 2027.
The number of satellites launched each year has steadily grown, the report found, from 70 satellites in 2010 to 493 satellites in 2019 — and Northern Sky expects that to reach over 1000 a year by 2030.
Within the article “Loft Orbital, Planet Execs Stress Business Case for Smarter, Smaller Satellite Solutions”, Small satellite Global Navigation Satellite System (GNSS) and remote sensing represent one of the brightest market segments in the satellite industry. According to NSR’s “Small Satellite Markets Report, 6th Edition,” released a few months ago
“This is toward a larger purpose of achieving orbital launch capability. Indonesia’s space aspirations began in the early 60s with the creation of Lapan and it was one of the first developing nations to have communications satellites launched into space by the US, where they were made.