Small Satellites Market Research Report

 

Global Small Satellites Market

GMI Research’s recent analysis, global small satellite market, forecast to 2027, examines the trends in this market and how they are evolving across the different key geographic regions of the world. The rising investment in space science and growing demand for small satellites for communication purposes.

Small satellites refer to satellites that are not expensive, smarter, and weigh less than a ton. The continuous technological advancement and miniaturization of hardware have helped in the development of small satellites that can be used in a rocket and have a bigger payload capacity.  These small satellites can be released from a mobile launcher on the International Space Station (ISS) and operate in LEO (low-Earth-orbit).

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The primary factors driving the growth of the market include rising demand for high-resolution earth imaging, growing investment in space science, an increasing number of missions by government authorities. According to the small satellites market report, the rising demand for small satellites for communication purposes, increasing need for hosted payloads, and growing development of dedicated launch vehicles for small satellites are the other key drivers boosting the growth of the small satellite industry. In addition to this, small satellites are capable of offering improved earth observation that finds extensive usage in different sectors such as oil & gas, agriculture, civil engineering, energy, and others.

Based on region, the North America region is expected to grow at a higher CAGR during the forecast period due to a rising focus towards small satellite development and increasing demand for small earth observation satellites. Moreover, the Asia-Pacific region is projected to dominate the market during the forecast period. According to the small satellites industry forecast, the rising focus towards lowering total mission costs is one of the major factors fuelling the growth of the market in the region. The government of developing countries in the region is investing significantly in their development as these are satellites are reliable, cheaper, and more economical. The small satellite is anticipated to support the growth in developing countries such as China and India.

Key Players of 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

Market Segmentation:

Global Small Satellite Market Report Segment by Type:

·        Nanosatellite

·        Microsatellite

·        Minisatellite

Global Small Satellite Market Report Segment by End-User:

·        Civil

·        Defense

·        Commercial

Global Small Satellite Market Report Segment by Application:

·        Earth Observation & Meteorology

·        Scientific Research & Exploration

·        Mapping & Navigation

·        Surveillance & Security

Global Small Satellite Market Report Segment by Subsystem:

·        Structures

·        Payloads

·        Solar Panels & Antenna Systems

·        Electrical Power Systems (EPS)

·        Command & Data Handling (C&DH)

·        Attitude Determination & Control Systems

·        Propulsion Systems

·        Others

Global Small Satellite Market Report Segment 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)

About GMI Research

GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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