The Global Small Satellite Services Market is estimated to reach USD 58.2 Billion by 2024 at a CAGR of 27.5%.
Satellite can be defined as a planet or a machine revolving around a planet or a star. Man-made satellites are launched in the space to revolve around the Earth or other planets for various operations. Space sector is experiencing significant change because of rapid technology advancement. Small satellite is a rising type of spacecraft which is made by advanced hardware and software resulting in high performance in small package. Small satellites based on mass can be defined as satellite with mass of less than 500 kg. In comparison with conventional satellites, small satellites have short product development cycle resulting in low cost.
Small Satellite Services Market: Drivers & Restraints
Trend of Satellite Miniaturization
Minimizing the size of satellites reduces the overall time and cost required for production of satellites. Also small size satellites are helpful for the operation which conventional satellites cannot perform due to their size. These factors are expected to contribute in the growth of small satellite service market during forecast period.
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Supportive Government Policies
Small satellite is a rising technology in the space industry which is efficient in operation and low in cost. Government policies supports the manufacturing and launch of these satellites as they help in various industries and also at academic level. Supportive policies by regulating authorities impel industry people to tap into this market. Thus, this factor will expected to support the aggressive growth of the market.
Shorter Life Span
Small satellites have shorter life span compared to conventional satellites. As these satellites are usually in lower orbit, they are facing atmospheric drag which results in depleting life span. Once the satellite becomes incapable of performing assigned operation new satellite will be required, this would impact overall investment. Hence, this factor may restraint the growth of the market.
Small Satellite Services Market: Key Segments
- Component segment includes: Payload, Flight Processor, Antennas, Propulsion Systems, Ground Station Equipment, Star Tracker, and Others
- Product type segment includes: PocketQube (below 1kg), Nanosatellite (1 – 10 kg), Microsatellite (10 – 100 kg), Minisatellite (100 – 500 kg)
- Application segment includes: Research and Development, Communication, Remote Sensing and
- End user segment includes: Civil, Non-profit, and Military
- Regional segmentation covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.
Small Satellite Services Market: Report Scope
The report on the small satellite services market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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List of the leading companies operating in the Small Satellite Services Market include:
- Airbus Defense and Space, Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Boeing Co
- Antrix Corporation Limited
- Blue Canyon Technologies Inc.
- GomSpace Group AB
- Thales Group
- Spire Global, Inc.
- SpaceQuest Ltd
- Berlin Space Technologies GmbH
- Alba Orbital Limited
- Other Key Companies
Small Satellite Services Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Small Satellite Services Market, by Component
- Flight Processor
- Propulsion Systems
- Ground Station Equipment
- Star Tracker
Small Satellite Services Market, by Product Type
- PocketQube (below 1kg)
- Nanosatellite (1 – 10 kg)
- Microsatellite (10 – 100 kg)
- Minisatellite (100 – 500 kg)
Small Satellite Services Market, by Application
- Research and Development
- Remote Sensing
Small Satellite Services Market, by Application
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Small Satellite Services Market by Region
- Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
- North America (US, Canada, Mexico)
- Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
- Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
- South America (Brazil, Argentina, Rest of South America)
Key Questions answered by the report
- What are the major developments impacting the global market and its growth?
- What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
- What are the evolving types of the global market?
- What are the evolving applications of global market?
- What are the major characteristics that will affect the global market growth during the study period?
- Who are the key global players operating in the market?
- How are the major players leveraging in the existing global market conditions?
Table of Content
- RESEARCH DESIGN & SCOPE
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
- INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
- GLOBAL SMALL SATELLITE SERVICES MARKET BY COMPONENT, Market Size in USD Million (2017—2024)
- GLOBAL SMALL SATELLITE SERVICES MARKET BY PRODUCT TYPE, Market Size in USD Million (2017—2024)
- GLOBAL SMALL SATELLITE SERVICES MARKET BY APPLICATION, Market Size in USD Million (2017—2024)
- GLOBAL SMALL SATELLITE SERVICES MARKET BY END USER, Market Size in USD Million (2017—2024)
- GLOBAL SMALL SATELLITE SERVICES MARKET BY REGION, Market Size in USD Million (2017—2024)
- COMPETITIVE LANDSCAPE
- COMPANY PROFILES
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