TRENDS AND MARKET OBSERVATIONS
This year’s projections indicate lower, but still considerable growth in the nano/microsatellite market, with an estimated range of 320 to 460 nano/microsatellites (1-50 kg) that will need launches globally in 2023 (versus 101 actual launched satellites in 2016). The 2017 Nano/Microsatellite Market Forecast shows that nano/microsatellite launches have grown by an average of 40% per year since 2011, with an expected 10% growth per year over the next 6 years (2017-2023).
