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Continued growth in microsatellite market: Report

US: SpaceWorks Enterprises, Inc. (SEI) has released an update to its nanosatellite and microsatellite market analysis study. The study presents the latest observations, trends, and projections for the nano/microsatellite market. Projections indicate more than 100 nano/micro satellites will need launches annually in the year 2020 and beyond.

SpaceWorks is currently tracking 377 identifiable nano/microsatellites with masses between 1 kilogram and 50 kilograms in various stages of planning or development. Projections indicate continued growth in the nano/microsatellite market, with an estimated range of 121 to 188 nano/microsatellites (1-50 kg) that will need launches globally in 2020 (versus 33 in 2012). The Nano/Microsatellite Market Assessment by SpaceWorks shows that nano/microsatellite launches have grown by an average of 8.6% per year since 2000, with an expected 16.8% growth per year over the next 7 years (2013-2020). Analysis of trends by sector show that nano/microsatellite development continues to be led by the civil sector (including academic), but the defense/intelligence community is showing increased interest and involvement. Analysis of trends by purpose suggests that applications for nano/microsatellites are diversifying, with increased use in the future for science, earth observation and reconnaissance missions.

Source: SEI