COVID-19 Impact on Smallsat Market Mitigated by Funding Availability
April 7, 2021 By Editor
8 April 2021, Paris, Washington D.C., Montreal, Yokohama –
COVID-19 Impact on Smallsat Market Mitigated by Funding Availability, Government Support
The latest update of
“Prospects for the Small Satellite Market” was released this week by Euroconsult, forecasting further growth in the global supply and demand of government, commercial and academic satellites weighing up to 500 kg. The market intelligence report, now in its 7th edition, builds upon Euroconsult’s previous iteration that accurately predicted more than 1,000 satellites would be launched during 2020, a record year despite COVID-19. The new release further reinforces the sentiment that the 2020s will be the decade of small satellites, anticipating the launch of close to 14,000 smallsats before 2030.