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FORECAST INTERNATIONAL: BIZJET MARKET RECOVERY ON THE HORIZON
Nov 08, 2017
FORECAST INTERNATIONAL PROJECTS $22.2 BILLION LIGHT MILITARY ROTORCRAFT MARKET OVER 15 YEARS
Oct 24, 2017
FORECAST INTERNATIONAL PREDICTS $213 BILLION REGIONAL MARKET OVER 15 YEARS
Sep 26, 2017
FULL SPEED AHEAD FOR ANTI-SHIP MISSILE MARKET
Sep 13, 2017
AIRCRAFT CARRIERS MARK GROWTH OF REGIONAL NAVIES
Sep 12, 2017
TWO SHIP COLLISIONS RAISE QUESTIONS
Aug 24, 2017
RISING TENSIONS IN THE KOREAN PENINSULA HIGHLIGHT THAAD MISSILE'S KEY ROLE
Aug 10, 2017
FORECAST INTERNATIONAL LAUNCHES IMPROVED U.S. DEFENSE BUDGET DATABASE
Aug 08, 2017
FORECAST INTERNATIONAL: BOEING ON A ROLL; BOTH CIVIL AND MILITARY MARKETS REMAIN STRONG
Aug 01, 2017
DEFENSE FIRMS SEE STRONG GROWTH POTENTIAL AS UPSWING BEGINS
Jul 18, 2017
COMMERCIAL COMSAT MAKERS CASHING IN ON HOT MARKET
Jul 12, 2017
FORECAST INTERNATIONAL: 15-YEAR WORLD AVIATION TURBOSHAFT MARKET WORTH $34 BILLION
Jun 20, 2017
FORECAST INTERNATIONAL PREDICTS $4.15 TRILLION LARGE JETLINER MARKET OVER 15 YEARS
Jun 19, 2017
FOLLOWING U.S. ATTACK ON SYRIAN AIR BASE, FI OFFERING DETAILED TOMAHAWK CRUISE MISSILE REPORT
Apr 07, 2017
POLITICS TO AFFECT SHAPE OF U.S. DEFENSE ELECTRONICS MARKET
Mar 28, 2017
FORECAST INTERNATIONAL: HIGHER DEFENSE BUDGETS LIKELY TO GIVE MEDIUM/HEAVY MILITARY ROTORCRAFT MARKET A LIFT
Mar 07, 2017
FORECAST INTERNATIONAL ISSUES 'LAUNCH VEHICLES: YEAR IN REVIEW 2016.' STAGE SET FOR RENEWED ACTIVITY IN 2017
Jan 30, 2017
FPSO CONSTRUCTION POWERING MECHANICAL DRIVE MARKET
Dec 13, 2016
ROLLS-ROYCE RULES THE NAVAL GAS TURBINE MARKET
Dec 12, 2016
FORECAST INTERNATIONAL RELEASES VERSION 3.1 OF ITS PLATINUM FORECAST SYSTEM
Dec 07, 2016

Press Release

Contact: William N. Ostrove, Aerospace Systems Analyst
Phone: (203) 426-0800
Fax: (203) 426-4262
Website: www.forecastinternational.com
E-mail: bill.ostrove@forecast1.com
Forecast International, Inc.
22 Commerce Rd. Newtown, CT 06470 USA

FOR IMMEDIATE RELEASE

SmallSats Play Growing Role in $29 Billion Remote Sensing Satellite Market

FARNBOROUGH INTERNATIONAL AIR SHOW [July 13, 2016] – With demand for Earth imagery increasing, manufacturers are expected to produce some 1,935 remote sensing satellites over the next 10 years, according to Forecast International.

The company's new study, "The Market for Civil & Commercial Remote Sensing Satellites," reports that during the 2016-2025 forecast period, the value of production will be an estimated $29 billion (in FY16 U.S. dollars). The study covers 58 satellite production programs.

Satellite operators will purchase new satellites over the next 10 years to keep up with rising demand for remote sensing imagery. The analysis reflects the increasing importance of small satellite operators, as their plans to operate constellations of dozens or even hundreds of satellites will affect production rates going forward.

The average launch mass of remote sensing satellites increased from 851 kilograms in 2011 to 1,775 kilograms in 2013. However, William Ostrove, the study's author, notes that "2014 saw a substantial decline in average launch mass. The increasing numbers of small satellites dropped average launch mass down to 301.8 kilograms. The decline continued in 2015, dropping to 226.1 kilograms."

This is not to say that there has been a lack of opportunities for large satellites. Ostrove points out that Russia's Resurs-P3, which launched in March 2016, weighed 5,920 kilograms at launch. The decline in average launch mass is due to an increased number of small satellites, not a decreased number of large satellites.

Another major trend in the remote sensing satellite market is growing commercialization. Historically, governments have bought the lion's share of remote sensing satellites. While both civil and military government agencies will remain important players in the market, both as operators of satellites and buyers of imagery, the commercial market is becoming more important. Between 2011 and 2015, Ostrove says that "159 commercial satellites were launched and 74 civil government satellites were orbited. Commercial satellites have increased in importance as commercial companies have readily adopted the small satellite form."

Remote sensing satellites have a wide variety of uses that will drive demand. These uses include civil planning, weather forecasting, climate change observation, and military reconnaissance. Newer commercial uses include oil and gas exploration, damage estimation for insurance claims, property and real estate appraisals, building site selection and development, and utility and communications infrastructure planning.

The top manufacturers in the civil and commercial remote sensing satellite industry going forward will be Airbus Defence and Space, Thales Alenia Space, Mitsubishi Electric, Lavochkin, and Lockheed Martin. Ball Aerospace was included on the list last year but fell off because Orbital ATK was awarded a contract to build three Joint Polar Satellite System (JPSS) spacecraft that Ball was originally expected to build. The top-five companies are forecast to garner a combined $15 billion in sales building remote sensing satellites over the next 10 years, accounting for a market share of 52 percent.

Forecast International representatives will be available during the Farnborough International Air Show (Hall 1/C140) to demonstrate the company's extensive line of Aerospace & Defense Market Intelligence products, including the Platinum Forecast System® 2.0.

About Forecast International

Forecast International, Inc. is a leading provider of Market Intelligence and Analysis in the areas of aerospace, defense, power systems and military electronics. Based in Newtown, Conn., USA, Forecast International specializes in long-range industry forecasts and market assessments used by strategic planners, marketing professionals, military organizations, and governments worldwide. Forecast International's resources and extensive base of experience can be readily adapted and efficiently focused to fulfill a broad spectrum of civil and military consulting and special research requirements.

 


Contact Information
Ray Peterson
Vice President, Research & Editorial Services
Forecast International
22 Commerce Rd. Newtown, CT 06470 USA
(203) 426-0800
ray.peterson@forecast1.com.



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