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    Small Satellite Market Size, Share & Forecast | 2020-25

    Small Satellite Market Size, Share & Forecast | 2020-25
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    Small Satellite Market Insights 

    Small satellite market is likely to witness an impressive CAGR of 22.2% during the forecast period. Factors such as growing attention on minimizing mission costs, satellite miniaturization, and rising demand for earth-observation-related applications are expected to drive the growth of the global small satellite market.

    Small Satellite Market - Snapshot

    Growth

    22.2% for the next five years

    Major Type

    Nanosatellite

    Major Application Type

    Earth observation & meteorology

    Dominant End-User Type

    Commercial

    Region with the highest demand

    North America

    Key Players

    Airbus Defense and Space, Aerospace Corporation, The Boeing Company, Thales Alenia Space, Geooptics Inc., Harris Corporation, Lockheed Martin Corporation, Millenium Space Systems Inc., Northrop Grumman Corporation, and Orbital ATK.

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    Small Satellite Market Share: By Type 

     Based on the type, the market is segmented as nanosatellite, microsatellite, and minisatellite. The nanosatellite segment is estimated to register the highest growth during the forecast period. This growth can be attributed to their low mass and small size which enable several satellites to be launched simultaneously from a single vehicle launcher. These satellites are engineered for specific tasks, such as communication, earth observation, and space exploration, and together in a group, serve a mission.

    Small Satellite Market Share: By Application Type

    Based on the application type, the market is segmented as earth observation & meteorology, communication, scientific research & exploration, surveillance & security, and mapping & navigation. The earth observation & meteorology segment is expected to depict the highest growth in the coming five years, owing to the rise in demand for te

    Small Satellite Market Share: By End-User Type

    Based on the end-user type, the market is segmented as civil, commercial, and defense. The commercial segment is estimated to portray the highest growth during the forecast period. This unprecedented growth can be attributed to the increase in R&D activities to develop advanced small satellites to cater to the needs of various commercial services, such as broadband connectivity.

    Small Satellite Market Share: By Region

    In terms of regions, North America dominated the small satellite market in 2018, driven by the increase in demand for small satellites from NASA and the Department of Defense (U.S.), and private sectors, such as other research organizations and telecommunication. Nevertheless, the market in the European region is expected to offer the highest growth during the forecast period. The market is driven by the high demand for small satellites as they are employed in battlefield missions, earth observation, and scientific exploration activities undertaken by various government and private organizations. Asia-Pacific is also expected to offer sizeable growth opportunities during the forecast period.

    Some of the major players in the small satellite market are Airbus Defense and Space, Aerospace Corporation, The Boeing Company, Thales Alenia Space, Geooptics Inc., Harris Corporation, Lockheed Martin Corporation, Millennium Space Systems Inc., Northrop Grumman Corporation, and Orbital ATK.       

     

    Market Scope & Segmentation

    Small satellites are also known by the name of smallsats and are mainly under the weight of 180kgs and have the size of a large home kitchen. These small smallsats are further divided into a number of types such as minisatellite that ranges between 100-180 kgs, microsatellite with 10-100 kgs, nanosatellite with 1-10 kgs, picosatellite that are of 0.01-1kgs, and femtosatellite with the weight of 0.001 – 0.01 kgs.

    Small satellites can have a number of applications such as earth observation, communication, scientific research, surveillance, and navigation. These can be used in civil, commercial, as well as defense purposes.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Small Satellite Market Research Report - Features

    Market Segmentation

    4 ways

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

                             

    The small satellite market is segmented into the following categories. 

    Small Satellite Market Size, Share, & Forecast, by Type:

    • Nanosatellite (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Microsatellite (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Minisatellite (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Small Satellite Market Size, Share, & Forecast, by Application Type:

    • Earth Observation & Meteorology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Communication (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Scientific Research & Exploration (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Surveillance & Security (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Mapping & Navigation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Small Satellite Market Size, Share, & Forecast, by End-User Type:

    • Civil (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Commercial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Small Satellite Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the types by end-user type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


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