Record Number of Satellites Launched into Space in 2020: Report
- July 28, 2021
A report produced by BryceTech says that a record number of satellites were launched into space in 2020, driven by the deployments of LEO broadband constellations, according to the Satellite Industry Association. The report also reveals that global revenue of the satellite industry totaled $271 billion in 2020, which is 73 percent of the space economy.
Other highlights from the report:
- Technology innovations drove the deployment of more capable, lower-cost satellites, faster throughput speeds, and increased SATCOM capacity. Satellite radio, broadband, mobile satellite services, and commercial remote sensing revenues all increased.
- The availability and quality of commercial satellite imagery improved, along with an increase in provider options.
- Satellite ground equipment revenues also increased, driven by GNSS-enabling hardware.
- Launches are becoming more affordable with increased launch activity, launch choices, and rideshare opportunities.
- The U.S. continues to lead the industry in both satellite manufacturing and launch service revenues.
- Satellite servicing is gaining momentum: second commercial life extension mission launched in 2020. Increasing use of innovative post-launch deployment services.
The full version of the study includes detail on innovative technology developments delivering new capabilities and continual improvement in affordability and productivity, the surge of SPAC activity in the space industry, and a discussion of the COVID-19 impact on customers of satellite services.