The rapidly growing number of small satellites launches (forecasted to exceed 1,000 by 2020) will produce a huge amount of data able to satisfy the market demand of the downstream applications delivered to end-users (weather forecasts, high resolution imaging for precision farming, risk management, etc.). However, getting real time access to space data is a milestone still not achieved since the main bottleneck in the space value chain is the ground station segment. The Leaf Space value proposition will unlock the possibility to exploit real time data of small satellite through the development and implementation of the Leaf Line ground station network, enabling an unprecedented all-in-one TT&C service customisable according to the client’s needs. Given the latest figures provided by NSR, by 2024 the market of micro and nanosatellites (i.e. 1-100kg) would generate cumulative revenues exceeding $4.7 billion and $1.2 billion in manufacturing and launch services respectively.
The Leaf Space’s vision is to capture the value of this blossoming market, becoming the one-stop-shop for small satellite operators, thanks to a set of services covering the whole satellite lifecycle, from launch to data collection and management, until the decommissioning of the satellites. For this reason, by taking into account the market estimation provided by Frost & Sullivan for the next five years and the market shares forecast for all the verticals, we have estimated a total addressable market (TAM) of around $400 million, even though we anticipate that this evaluation will be strongly influenced by the market response we will gain through the first implementation of the Leaf Line network.
Three top verticals are predicted to benefit more from microsatellites: Earth Observation (precision farming, ships monitoring, disaster monitoring & risk management), Technology Development and Science.
The two market verticals that we have identified as the most profitable for the market introduction of the Leaf Line system are Earth Observation and Science, that together currently represent over 50% of the TAM.
To demonstrate the performances of our network we have chosen to focus our project development activities on case studies within the EO and Science segments, by proving the increase in profitability of the business of potential Leaf Line clients that currently operate in the small satellite industry worldwide.