Report: Continued growth for smallsat market

July 25, 2023

Around 26,104 smallsats (satellites <500 kg) will be launched between 2023-2032, representing a daily launch mass of 1.5 tons over the 10-year period, according to strategy consulting and market intelligence firm Euroconsult.

Two constellations alone – Starlink (SpaceX) and GuoWang (China SatNet) – will collectively account for nearly two-thirds of smallsats to be launched throughout the next decade and over four-fifths of smallsat launch mass. This significant prominence is largely a consequence of the Federal Communications Commission’s (FCC) partial approval of Starlink Gen 2 filings, alongside SpaceX’s launch of 1G satellites on 2G orbital planes and the substantial expansion of GuoWang activities in China. However, the two mega-constellations will only represent less than a quarter of market value due to the considerable cost efficiencies of mega-constellations, leaving significant opportunities for other market participants.