High launch prices may limit the development of the commercial satellite market, a US-analyst has warned.
Marco Caceres of the Teal group said: `The space market is clearly a growth one. But prices must go under $1,000 per pound, even $500 per pound, to attract customers that never thought about entering the space market.’ This would be vital to create more business for satellite builders and launch-service providers, he added.
Around 1,500 satellites, worth a total of £80bn, will be launched over the next 10 years, according to Teal. Added to this will be 900 launches, worth £31bn. UK satellite firms such as Matra Marconi Space stand to take a major share of this market.