NSR's Constellations Market Assessment: SATCOM & EO, 4th Edition report finds Satellite Constellations positioned to generate $235.2 Billion in revenue across Satcom & EO segments. COTS usage (commercial-off-the-shelf) components and launch reusability are key technology innovations shaping the 17% CAGR Growth for the Satcom and EO Constellation Market.
Usage of COTS components has opened up the Space Industry value chain, enabling rapid space asset production, while achieving fractional costing benefits. On the launch side, the usage of reusable vehicles enables low-cost access to space. Smaller launch vehicles have also entered or are planning to enter the market with low-cost flexible solutions for constellations or small satellite operators widening the potential player field.
“As business and technological challenges are met and overcome, the constellation business case strengthens,” states NSR report author Vivek Suresh Prasad. “While upstream market price and production challenges are close to resolution, the largest opportunity currently lies in the downstream market, especially for the Consumer Broadband segment where most players are targeting opportunity capture.”
Challenges remain in the midstream market, a critical junction in-orbit assets and end-users, where higher flat panel antenna (FPA) prices continue, delaying constellation market growth. Sustainable midstream growth requires market gaps to be filled and regular investment. Short-term success will require long-term strategy to maintain and grow revenue.
Prasad concludes, “Significant recurring manufacturing and launch investments will be required for the constellation market, with demand for new and replacement installations every 3-7 years, depending on application and orbit. Overall, with steady infusions of investment meeting demand, the constellations market upwards trajectory is set to continue.”
Companies Mentioned in NSR's CMA
Airbus, Amazon, Ariane Space, Astrocast, Atlas, Ball Aerospace, BlackSky, Boeing, Bridge Comm, Capella Space, CASC, CNSA, Collins Aerospace, Earthi, Fleet Space, Gilat, Hiber, ICEYE, Infostellar, Iridium, Isotropic Systems, ISRO, Kepler, KSAT, Kymeta, Maxar Technologies, OneWeb, Phasor, Planet, RBC Signals, Rocket Labs, Satellogic, SatixFY, SES, Spire, Starlink, SSC, Swarm, Telesat, Thales Alenia Space, and ThinKom.
Source: NSR Press Release