Space payload market worth $245 billion through 2035


The global space payloads market will be worth $245 billion through 2035 and will involve 5 095 space payloads, according to a new study.

Teal Group space analysts have identified 5,095 satellites, probes and capsules to be built and launched to earth or deep space orbits between 2016 and 2035.

The payload count for 2016-2035 reflects a 10% increase compared to the 4,607 payloads identified last year for 2015-2034; 36% more than the 3,280 payloads in 2014 for the period 2014-2033; and 38% more than the 3,164 payloads in 2013 for 2013-2032, Teal said. The trend in the future market for space payloads continues upward, and it is being driven largely by the introduction of hundreds of small, nano and pico (mainly “Cubesats”) commercial satellites designed to provide everything from broadband and mobile communications to meteorological, imaging and position location & tracking services.

Teal analysts identify 662 payloads “proposed” for launch in 2016, followed by 760 in 2017, 652 in 2018, 632 in 2019, 553 in 2020, 453 in 2021, 159 in 2022, 169 in 2023, 124 in 2024, and 111 in 2025.

In their latest update by spacecraft type, Teal analysts classified 3,036 of the payloads as commercial, 1,126 as civil (government non-military), 602 as military, and 331 as university and non-profit.

Of the payloads, more than 81% of them are proposed for low earth orbits (LEO), and the rest to geostationary, medium earth orbits (MEO), deep space, and elliptical. “It’s going to get extremely crowded at LEO,” said Teal Group senior space analyst Marco Cáceres. “During the 1990s, we started launching hundreds of mobile communications satellites to LEO, but that’s nothing compared to the potentially thousands of small LEO broadband satellites aimed at expanding Internet connectivity worldwide.”