Characterizing Transiting Planet Atmospheres through 2025
N.B. Cowan, T. Greene, D. Angerhausen, N.E. Batalha, M. Clampin, K., Colon, I.J.M. Crossfield, J.J. Fortney, B.S. Gaudi, J. Harrington, N. Iro,, C.F. Lillie, J.L. Linsky, M. Lopez-Morales, A.M. Mandell, and K.B. Stevenson,, (on behalf of ExoPAG SAG-X)

TL;DR
This paper discusses the potential of upcoming space missions like TESS, JWST, and a proposed follow-up telescope to characterize the atmospheres of transiting exoplanets, especially bright hot Jupiters, sub-Neptunes, and temperate terrestrial planets.
Contribution
It proposes a dedicated ~1 m space telescope with an optical-NIR spectrograph for efficient atmospheric surveys of bright TESS planets and outlines strategies for detailed characterization with JWST.
Findings
TESS will discover 10^2 to 10^3 bright transiting planets.
A ~1 m telescope can observe up to 10^3 transits annually for atmospheric studies.
JWST can provide detailed atmospheric data for select targets.
Abstract
[Abridged] We have only been able to comprehensively characterize the atmospheres of a handful of transiting planets, because most orbit faint stars. TESS will discover transiting planets orbiting the brightest stars, enabling, in principle, an atmospheric survey of 10^2 to 10^3 bright hot Jupiters and warm sub-Neptunes. Uniform observations of such a statistically significant sample would provide leverage to understand---and learn from---the diversity of short-period planets. We argue that the best way to maximize the scientific returns of TESS is with a follow-up space mission consisting of a ~1 m telescope with an optical--NIR spectrograph: it could measure molecular absorption for non-terrestrial planets, as well as eclipses and phase variations for the hottest jovians. Such a mission could observe up to 10^3 transits per year, thus enabling it to survey a large fraction of the…
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