Canadian SmallSat Symposium coming to Toronto
February 2-3 - Billions in revenue at stake
The Canadian Space Commerce Association (CSCA) presents the first Canadian SmallSat Symposium to be held at the Novotel Toronto Centre hotel on February, 2-3
The CSCA is bringing together 200 people from industry, government, academia, the investment community and others interested in the growing Small Satellite, or SmallSat, segment of the space sector.
The global space sector in 2015 generated $330-billion in revenues. In the next five years according to a 2015 Euroconsult report on SmallSats, 510 SmallSats will be launched with a value of $7.4-billion. This figure does not include any of the planned large SmallSat constellations by OneWeb or SpaceX which would add several thousand more satellites and generate billions of dollars of additional revenue.
With changing and emerging new revenue streams at stake, this is clearly an opportunity for Canadian companies to showcase what they can do and how they can take advantage of the opportunity this market segments presents.
It’s important to understand the context of the dramatic shift in the space segment that is underway. There are currently over 1400 active satellites in orbit. The addition of 510 SmallSats and those of other large SmallSat constellations will have a profound effect on the market.
Several companies will be presenting their SmallSat constellations plans and updates including OneWeb and Canada’s own NorStar and UrtheCast.
OneWeb in particular has shaken up the marketplace. They plan on building a new global communications system of up to 900 SmallSats to create affordable broadband services. The goal is to provide reliable high-speed internet access to all communities around the world who don’t currently have access. In June of this year OneWeb announced it had received $500-million in funding from several prominent partners. This is a massive, ambitious project that will be catalyst for an ever expanding commercial space market. OneWeb’s co-founder, Greg Wyler will be the symposium’s first plenary speaker.
The Symposium will feature eight plenary talks, eight panel discussions and an additional 48 speakers discussing topics relevant to the SmallSat segment.