Artist conception of WhiteKnightTwo and LauncherOne. (Credit: Virgin Galactic)
SpaceWorks Review Shows Sharp Growth Expected in Nano- and Microsat Market
Posted by Doug Messier on February 20, 2013, at 4:50 pm
SpaceWorks Enterprise has released an update to its nano- and micro-satellite market analysis study that indicates that between 121 to 188 spacecraft weighing 1-50 kg will need to be launched in 2020. This is a significant increase from the 33 satellites launched last year.
“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),” according to a SpaceWorks press release.
“Small satellites continue to gain traction as their utility becomes apparent to a diverse user base,” stated Mr. Dominic DePasquale, Director of Washington D.C. Operations for SpaceWorks. “Our quantitative research confirms that small satellites have proven their value and that the market is likely entering a growth phase. We offer our study’s summary presentation as a resource for the community and for those interested in understanding this market better.”
Read more: SpaceWorks Review Shows Sharp Growth Expected in Nano- and Microsat Market | Parabolic Arc.
