Emerging space markets to drive satellite industry
Editor | 04-11-2013
Research from Euroconsult is predicting that 115 satellites will be launched on average each year worldwide through to 2022, generating $236 billion of revenues from their manufacture and launch.
According to the World Market Survey, this would represent growth of 26% from those generated by the 810 satellites launched in the past ten years (2003-2012). Revenue growth between the two decades is set to be lower than the growth in number of satellites since many small satellites are being developed, requiring shorter development time and lower launch costs. Governments worldwide are on track to be responsible for two-thirds of the 1,150 satellites to be launched and for nearly three-quarters of the $236 billion expected in revenues.
In the commercial space sector, the report calculates that three-quarters of recent satellite orders will be launched to replace aged satellites in geostationary orbit (GEO). Only four of the 65 commercial GEO comsats in construction today will be all-electric. However, electric propulsion, says Euroconsult, will be "a game changer" for GEO satellites during the decade as it becomes more cost-effective because of more launch solutions, new thruster technology and more flight heritage.