Small Satellite Market – Global Opportunities & Forecast, 2020-2027
This study of the market provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the industry. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.
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The report offers detailed profile and
data information analysis of the leading companies in the Small Satellite
Market:
·
Boeing
·
Sierra Nevada Corporation (SNC)
·
Thales Alenia Space
·
Millennium Space Systems Inc.
·
Spire Global
·
Geooptics Inc.
·
Harris Corporation
·
Airbus Defence & Space
·
OHB AG
·
Lockheed Martin Corporation
The key drivers of the Small Satellite
Market are as follows:
The strong demand for high-resolution earth
imaging, rising investment in space science, a growing number of missions by
government authorities are some factors driving the growth of the market.
Moreover, rising demand for small satellites for communication purposes,
increasing the need for hosted payloads, and growth in the development of
dedicated launch vehicles for small satellites are certain factors surging the
growth of the market. In addition to this, small satellites are capable of
offering enhanced earth observation finds extensive usage in several sectors
such as agriculture, energy, oil & gas, civil engineering, and others.
Based on region, the North America region
is expected to grow at a higher CAGR during the forecast period due to the
presence of leading players having a growing focus towards small satellite
development and rising demand for earth observation small satellites. Moreover,
the market
for the small satellite is also projected to dominate in the Asia-Pacific
region during the forecast period. The rising focus towards lowering total mission
costs is a key factor that is fuelling the growth of the market in the region.
The government of developing economies in the region is heavily investing in
their development as these are satellites that are reliable, cheaper, and more
economical. The small satellite is anticipated to register a further increase
in emerging countries such as India and China.
The study objectives of this report are:
1.
To study and forecast the size
of the market.
2.
To analyze the key players,
SWOT analysis, value, and market share for the leading players.
3.
To define, describe, and
forecast the market by different segments.
4.
To analyze the market potential
and advantage, opportunity and challenge, restraints and risks.
Segmentation of the Small Satellite
Market:
Breakup by Type:
·
Nanosatellite
·
Microsatellite
·
Minisatellite
Breakup by End-User:
·
Civil
·
Defense
·
Commercial
Breakup by Application:
·
Earth Observation &
Meteorology
·
Scientific Research &
Exploration
·
Mapping & Navigation
·
Surveillance & Security
Breakup by Subsystem:
·
Structures
·
Payloads
·
Solar Panels & Antenna
Systems
·
Electrical Power Systems (EPS)
·
Command & Data Handling
(C&DH)
·
Attitude Determination &
Control Systems
·
Propulsion Systems
·
Others
Breakup by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining
countries of the LAMEA region)
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Research
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