Small Satellite Market by Type, End-User, Application, Subsystem and by region – Global Opportunities & Forecast, 2020-2027
Small Satellite Market by Type (Nanosatellite, Microsatellite, Minisatellite), End-User(Civil, Defense, Commercial), Application (Earth Observation & Meteorology, Scientific Research & Exploration, Mapping & Navigation, Surveillance & Security), Subsystem (Structures, Payloads, Solar Panels & Antenna Systems, Electrical Power Systems (EPS), Command & Data Handling (C&DH), Attitude Determination & Control Systems, Propulsion Systems, Others) and by region – Global Opportunities & Forecast, 2020-2027
Small Satellite Market is estimated to witness a smooth growth curve over the forecast period (2020-2027), owing to a combination of factors which include ongoing technological advancements, cost-efficiency, and easy launch vehicle integration.
To have an edge over the competition by knowing the market dynamics and current trends of “Small Satellite Market”, request for Sample Report here
Major Small Satellite Market Drivers
The major factors which are propelling the growth of the market include growing demand for high resolution earth imaging, increased investment in space science, and increasing number of missions by government authorities. The growing use of small satellites across civil, military, and government agencies for communication and navigation applications, because of the growing adoption of advanced technologies, which include over-the-top (OTT) services and Internet Protocol Television (IPTV), will expand the market growth. The emerging need for remote sensing and Earth observation services across several industries, including oil & gas, energy, defense, agriculture, etc., is fueling the global small satellite market. is also stimulating the global market. With the growing adoption of small satellites in the telecom industry, the deployment of 5G has increased, which will offer enormous opportunities to the telecom market. The integration of sophisticated technologies which include machine learning, artificial intelligence, and robotics for better coordination, effective communication, and enhanced spacecraft reliability is projected to augment the global small satellite market over the forecasted period.
In addition, increased demand for small satellites for communication purposes, growing need for hosted payloads as well as rise in the development of dedicated launch vehicles for small satellites are the other key factors which are fueling the growth of the market. Furthermore, small satellites capable of providing enhanced earth observation finds extensive usage in various sectors such as agriculture, energy, civil engineering, oil & gas, and others. However, the high cost incurred on research and development, manufacturing, and technology transfer to underdeveloped regions might hinder the market growth.
Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report
Type Segment Analysis
On the basis of type, the nanosatellites segment is projected to witness the highest growth during the forecast period. Nanosatellites provide quicker, cost-effective and reliable access to space. These satellites can be used for complex space missions such as disaster management, environmental monitoring, scientific research and exploration, communication, military intelligence, navigation and other academic purposes. The less stringent regulations, less complex manufacturing process and low cost are the key factors fuelling the growth of nanosatellites market. Also, the rising research and development activities and increasing number of space laboratories for upcoming missions will augment the market growth.
Application Segment Analysis
On the basis of application, Earth Observation & Meteorology segment is projected to be the fastest growing segment due to their increased demand in the commercial, civil and military use globally. The ability of these satellites to monitor situations like hurricanes, cyclones, earthquakes, powerplant disasters, storms, volcanic activities, will strengthen the market growth. The compact nature of small satellites helps to effectively observe earth, which will expand the segment’s growth.
End-User Segment Analysis
Based on the end-user, Commercial segment is projected to grow at the highest rate during the forecast period owing to rise in the research & development activities worldwide. The satellite-based navigation systems and internet services will be the key trends which will fuel the growth of said market. The use of geospatial technology for earth imaging applications such as agriculture monitoring, navigation, natural disaster monitoring has further spurred the commercial small satellite market. The accelerating penetration of internet services and mobile phones and rising implementation of satellites for enemy surveillance will augment the segment’s growth.
Subsystem Segment Analysis
Based on subsystem, the market has been segmented to structures, payloads, solar panels & antenna systems, electrical power systems (EPS), command & data handling (C&DH), attitude determination & control systems, propulsion systems and others. The command & data handling (C&DH) is a key component of the subsystem as it is responsible data operations and issuing commands to multiple systems aboard the spacecraft. It makes use of multiple data buses for communicating with all of the various circuit boards and sensors on the spacecraft.
In case, any of your paint points areas are not covered in the current scope of this report, Request for Customization here
Regional Analysis
Based on region, North America region set to record highest CAGR over the forecast period. The presence of key players having an increased focus towards small satellite development and growing demand for earth observation small satellites are the major factors which are fuelling the growth of the market in the region. In addition, the market for small satellite is also expected to grow in the Asia-Pacific region during the forecast period. The increasing focus towards lowering total mission costs is the key factor propelling the growth of the market in the region. The government of emerging economies in the region are investing substantially on their development as these are satellites are cheaper, reliable and more economical. The small satellite is expected to register further growth in the emerging economies such as India and China.
Europe is estimated to hold a higher CAGR over the upcoming years, owing to the existence of nascent rocket manufacturers, like Isar Aerospace and Rocket Factory Augsburg, to use small satellites into orbit. The strong funding by VCs and government agencies in space exploration and remote sensing capabilities is projected to bolster the market growth.
Top Market Players
Various notable players in the market includes 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.
Key Market Developments
-
- In 2019, Airbus Defence & Space received a contract from the United States Defense Advanced Research Projects Agency (DARPA) for developing a satellite bus in support of the Blackjack program.
- March 2019, Lockheed Martin Corporation announced that the company is integrating it’s new software-defined satellite architecture, SmartSat, on 10 of its nanosatellite missions this year.
Segments covered in the Report:
The Global Small Satellite Market has been segmented on the basis of type, application, end-user, subsystem and region. Based on the type, market comprises of nanosatellite, microsatellite and minisatellite. Application segment has been categorised into earth observation & meteorology, scientific research & exploration, mapping & navigation, surveillance & security. End-user category bifurcated into Defense, Commercial and Civil. Based on component, market comprises of structures, payloads, solar panels & antenna systems, electrical power systems (EPS), command & data handling (C&DH), attitude determination & control systems, propulsion systems, others.
For detailed scope of the “Small Satellite Market” report request a Sample Copy of the report
Report Coverage |
Details |
Market Base Year |
2019 |
Market Forecast Period |
2020-2027 |
Market Revenues Currency |
USD Million |
Base Year & Forecast Units |
Revenues (USD Million) |
Market Segment | By Type, By End-User, By Subsystem, By Application, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | 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, among others; a total of 10 companies covered. |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Small Satellite Market by Type
-
- Nanosatellite
- Microsatellite
- Minisatellite
Global Small Satellite Market by End-User
-
- Civil
- Defense
- Commercial
Global Small Satellite Market by Application
-
- Earth Observation & Meteorology
- Scientific Research & Exploration
- Mapping & Navigation
- Surveillance & Security
Global Small Satellite Market by Subsystem
-
- Structures
- Payloads
- Solar Panels & Antenna Systems
- Electrical Power Systems
- Command & Data Handling (C&DH)
- Attitude Determination & Control Systems
- Propulsion Systems
- Others
Global Small Satellite Market by Region
-
-
North America Small Satellite Market (Option 1: As a part of the free 25% customization)
- By Type
- By End-User
- By Application
- By Subsystem
- United States of America (US) Market All-Up
- Canada Market All-Up
-
Europe Small Satellite Market (Option 2: As a part of the free 25% customization)
- By Type
- By End-User
- By Application
- By Subsystem
- United Kingdom (UK) Market All-Up
- Germany Market All-Up
- France Market All-Up
- Spain Market All-Up
- Rest of Europe Market All-Up
-
-
-
Asia-Pacific Small Satellite Market (Option 3: As a part of the free 25% customization)
- By Type
- By End-User
- By Application
- By Subsystem
- China Market All-Up
- India Market All-Up
- Japan Market All-Up
- Rest of APAC Market All-Up
-
RoW Small Satellite Market (Option 4: As a part of the free 25% customization)
- By Type
- By End-User
- By Application
- By Subsystem
- Brazil Market All-Up
- South Africa Market All-Up
- Saudi Arabia Market All-Up
- UAE Market All-Up
- Rest of world (remaining countries of the LAMEA region) Market All-Up
-
Leading market players (Option 5: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
-
- Boeing
- Sierra Nevada Corporation (SNC)
- Millennium Space Systems Inc.
- Thales Alenia Space
- Spire Global
- Geooptics Inc.
- Harris Corporation
- Airbus Defence & Space
- OHB AG
- Lockheed Martin Corporation
- Published Date: May-2019
- Report Format: Excel/PPT
- Report Code: UP267A-00-1219
Licensing Options
Single-User License:
The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
Corporate License:
Report is shared with unlimited user (employees) of the purchasing corporation only
The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
Corporate License:
Report is shared with unlimited user (employees) of the purchasing corporation only
Small Satellite Market by Type, End-User, Application, Subsystem and by region – Global Opportunities & Forecast, 2020-2027
$ 4,499.00 – $ 6,649.00