SMALL SATELLITE MARKET ANALYSIS
Small Satellite Market, by Satellite Size (Minisatellite, Microsatellite, Nanosatellite, Picosatellite, and Femtosatellite), by Application Type (Earth Observation, Telecommunication, Scientific Research, Technology Demonstration), by End User (Civil, Defense, Commercial, and Government) and by Region (North America, Europe, Asia Pacific, and LAMEA) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026
Press Release
Small satellite is also referred as miniaturized satellite or small sat, usually under 500kg mass. Small satellites are designed for a specific missions such as geological monitoring or communications and are often laced with a single instrument. According to Coherent Market Insights’ analysis, around 6,200 new small satellite are expected to be launched during 2018 – 2028.
Market Dynamics:
Increasing adoption of small satellites in earth observatory for several aspects such as weather forecast and agricultural or waste land management is expected to boost the market growth. Small sat also plays a key role in disaster management. For instance, in November 2018, Indian Space Research Organization (ISRO) launched HySIS— the earth observation satellite from its Satish Dhawan Space Center. The satellite is tasked to offer data related to agriculture, forestry, soil survey, geology, coastal zone studies, inland water studies, environmental monitoring, and pollution detection from industries.
Small satellite reduces large economic cost of launch vehicles and cost associated with construction of satellites. For instance, according to University of Colorado at Boulder November 2018 report, a cubesat mission costs around US$ 2 million to build and operate, which is far less than full-sized satellite expanses.
Technical challenges associated with small satellites are lack of sufficient power storage or room for propulsion system, which may hinder the market growth.
Key features of the study:
- This report provides in-depth analysis of small satellite market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2018– 2026), considering 2017 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
- It profiles key players in the global small satellite market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, small satellite market capital, key developments, strategies, and future plans
- Companies covered as part of this study include, Airbus S.A.S, Boeing, Lockheed Martin Corporation, Northrop Grumman Corporation, Thales Group, SpaceX, Space Systems/Loral, LLC, Mitsubishi Electric Corporation, Ball Corporation, and Indian Space Research Organization (ISRO)
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
- The global small satellite market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the small satellite market
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Detailed Segmentation:
By satellite size:
- Minisatellite
- Microsatellite
- Nanosatellite
- Picosatellite
- Femtosatellite
By application type:
- Earth Observation
- Telecommunication
- Scientific Research
- Technology Demonstration
By end user:
- Civil
- Defense
- Commercial
- Government
Global Small Satellite Market, By Geography:
- North America
- By Satellite Size:
- Minisatellite
- Microsatellite
- Nanosatellite
- Picosatellite
- Femtosatellite
- By application type:
- Earth Observation
- Telecommunication
- Scientific Research
- Technology Demonstration
- By end user:
- Civil
- Defense
- Commercial
- Government
- By Country:
- U.S.
- Canada
- Europe
- By satellite size:
- Minisatellite
- Microsatellite
- Nanosatellite
- Picosatellite
- Femtosatellite
- By application type:
- Earth Observation
- Telecommunication
- Scientific Research
- Technology Demonstration
- By end user:
- Civil
- Defense
- Commercial
- Government
- By Country:
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By satellite size:
- Minisatellite
- Microsatellite
- Nanosatellite
- Picosatellite
- Femtosatellite
- By application type:
- Earth Observation
- Telecommunication
- Scientific Research
- Technology Demonstration
- By end user:
- Civil
- Defense
- Commercial
- Government
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- LAMEA
- By satellite size:
- Minisatellite
- Microsatellite
- Nanosatellite
- Picosatellite
- Femtosatellite
- By application type:
- Earth Observation
- Telecommunication
- Scientific Research
- Technology Demonstration
- By end user:
- Civil
- Defense
- Commercial
- Government
- By Sub-Region:
- Latin America
- Middle East
- Africa
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Source
https://www.coherentmarketinsights.com/market-insight/small-satellite-market-2512