10 August 2017
Space News reports that Euroconsult forecasts the smallsat market to expand in capability and demand over the next 10 years. Euroconsult released a report describing that “more than 6,200 smallsats are to be launched in the next 10 years, with the market value expected to reach up to $30.1 billion” compared to $8.9 billion during the previous 10 years. “SpaceX’s megaconstellations which technically are also small satellites” were included in Euroconsult’s estimates. German Orbital Systems CEO Walter Ballheimer said the estimates are “possible because of the transition from building and operating unique large satellites to serial mass production of unified spacecraft.” (Image Credit: NASA)
More Info (Space News)