TRENDS AND MARKET OBSERVATIONS
SpaceWorks analysts project between 298 – 369 nano/microsatellites (1 – 50 kg) will launch globally as the industry seeks to rebound from a down-year in 2019. Successful fundraising efforts in the emerging IOT/M2M segment and a growing degree of diversification within the Earth Observation and Remote Sensing segment are both expected to power industry growth in the near-term. Long-term, projections indicate as many as 2,400 nano/microsatellites will require launch in the next five years.
