TrendForce Sees Satellite Rocket Launch Market at $40.4 Billion by 2028; SpaceX Deploys V3 with 2048-Element
TrendForce forecasts the global satellite rocket launch market will reach $40.4 billion by 2028. Meanwhile, SpaceX's Starlink has completed deployment of its first batch of V3 satellites, which feature a 2048-element phased array antenna and a lower orbit to enable low-latency bandwidth and direct-to-phone services. As V3 satellites enter mass deployment, demand for SpaceX launch missions is expected to grow.
Starlink recently completed deployment of its first batch of V3 satellites. These satellites carry an ultra-large phased array antenna composed of 2048 array elements, and have a lower orbital altitude, enabling extremely low-latency bandwidth and direct-to-phone satellite services. As V3 satellites enter the scale deployment phase, the launch mission demand for its parent company SpaceX is gradually increasing.
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