Credit: SpaceWorks Enterprises, Inc.

 

A new marketing forecast projects that as many as 2,600 nano/microsatellites will require launch over the next 5 years.

SpaceWorks Enterprises, Inc. (SEI) released today its annual nanosatellite and microsatellite market forecast.

According to an SEI press statement, compared with last year’s Nano/Microsatellite forecast, the current projections have been increased to reflect an increase in small satellite launch opportunities, the continued maturation of emerging small satellite operators, and a strong influx of venture capital financing into the space sector.

Analysis of trends by application suggests that Earth observation and remote sensing will remain the primary use for nano/microsatellites in the near term.

Record setting year

“2017 was a record setting year for the small satellite market, significantly reducing the satellite backlog that has been building since 2015,” explains Caleb Williams, SpaceWorks Space Systems Analyst.

“This year the global launch industry showed broader acceptance of small satellite rideshares and demonstrated its ability to accommodate near-term market demand even while small satellite launch vehicles continue to mature,” Caleb adds. “Ultimately the future of the small satellite market will depend largely on the ability of operators to secure capital and create sustainable customer relationships.”

Credit: SpaceWorks Enterprises, Inc.

 

 

 

 

Free resource

The 2018 market forecast from SEI is available in presentation form as a free download on the SpaceWorks newly updated commercial website at:

www.spaceworkscommercial.com

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