Commercial constellations set new standards for the industry in numbers but GEO comsat and government still drive the biggest demand in manufacturing and launch revenues. As a matter of fact, although commercial constellations concentrate 70% of satellite demand, they only account for 8% of the global market value in the next decade (2020s).
Patriot Strategies anticipates almost a quintupling in satellite demand between 2020 and 2029 with an average of 1,250 satellites to be launched on a yearly basis. In comparison to the 260 yearly satellites launched in the previous decade, this skyrocketing number cements the structural changes occurring in the market and the industry, not only in the number of satellites but also in terms of satellite missions and operators, both governmental and commercial.
The satellite industry will indeed experience a quick and radical transformation when it comes to satellite numbers. However, despite this spike in satellite demand, we are looking at half of the market concentrated around a handful of mega constellations. In addition, some being vertically integrated, it means that their procurement will not be done on an open competition basis. Nevertheless, GEO comsat remains the leading segment pulling 1/3 of the market revenues, but here too, a -20% drop is anticipated in operational assets by 2029.
Analysis & forecasts for satellite manufacturing & launch services
A Sample of Our Consulting Expertise