The book provides an analysis of the dynamics of the global launch service market associated
with small satellites by placing a particular focus on its unfolding trends and future
outlook. From an economic perspective the emergence of numerous micro launcher initiatives on
top of already existing launch solutions for small satellites raises questions about the
specific nature and size of the small satellite market that will - or could - be addressed by
these emerging launch services offerings. Identifying the specific features of such market by
characterizing customers' expectations and providing a competitive analysis of the different
launch solutions for small satellites is the second objective of this report. Finally and from
a policy perspective the book reflects on whether such market could and should be handled on a
purely private basis in the European context or on the contrary generates relevant stakes that
compels European institutional actors to become more actively involved in this domain.
