Small-satellite launch service revenues will total over $28 billion by 2030, study says
NewsDecember 12, 2019
SANTA CLARA, Calif. The small-satellite launch services market will top the $28 billion mark by 2030, according to a new study by Frost & Sullivan, "Small Satellite Launch Services Market, Half-yearly Update, H1 2019, Forecast to 2033," due in part to increased launch frequency, inventory, and manufacturing capability.
To keep up with market requirements, the Frost & Sullivan analysts anticipate high-volume demand for component manufacturers, dedicated launch service providers, and low-cost ground station services.
In addition, the study finds that both new entrants and established industry players will benefit from government agency investment in R&D, capacity purchase, public-private partnerships, and establishment of the enabling regulatory framework.
For additional information on this study, visit the Frost & Sullivan website.
