Aug 04, 2014

Euroconsult Report Projects 1,155 Satellites Manufactured and Launched by 2023

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[Via Satellite 08-01-2014] Euroconsult estimates that between 2014 and 2023, a total of 1,155 satellites will be manufactured and orbited, worth a collective total of $248 billion. The report, “Satellites to be Built & Launched,” attributes 25 percent of this projected business to commercial space companies, with the majority, 75 percent, coming from government programs.

Euroconsult predicts close to 90 percent of the government market will remain in countries with the top 10 space economies. However, 35 identified nascent countries are expected to create a market of $2 billion.

According to the report, governments will seek to replace and expand their in-orbit systems. New countries will begin operating their first satellite systems primarily for communications, broadcasting and Earth observation. Of the 350 commercial satellites anticipated, Euroconsult expects 83 percent of the market value to stay in Geostationary Orbit (GEO), though future satellites will be divided equally between GEO and lower altitude orbits.