Small Satellite Market Scenario

Increasing focus on reducing mission cost coupled with huge investments by venture companies in the small satellite market are some of the major factors propelling the small satellite market globally. Furthermore, satellite miniaturization is also one of the factor propelling the growth of small satellite market. However, programmatic and scientific risks involved in the production of small satellites is one of the major factor expected to hamper the global growth of the market.  

Small Satellite Market Segmentation

The Small satellite Market is segmented by Type, Subsystem, Application, End User and Geography. The Type studied in the Small satellite Market are Nanosatellite, Microsatellite and Minisatellite. Furthermore, the Subsystem segment comprises of Structures, Payloads, Solar Panels & Antenna Systems, Electrical Power Systems (EPS), Command & Data Handling (C&DH), Attitude Determination & Control Systems, Propulsion Systems and Others. Likewise, various Application of this market are Earth Observation & Meteorology, Communication, Scientific Research & Exploration, Surveillance & Security and Mapping & Navigation. Moreover, small satellite are used in major End Users such as Civil, Commercial and Defence. Based on Geography, the Small Satellite Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.

Small Satellite Market by Geography

Based on geography, the small satellite market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. Among all the regions, the North America is anticipated to grow at a fastest CAGR during the forecast period. Increasing participation of private players in small satellite development and rising demand for small satellites for use in earth observation related applications.

Small Satellite Market Key Players

Some of the major players operating in the global small satellite market includes Geooptics Inc., Harris Corporation, Lockheed Martin Corporation, Millennium Space Systems Inc.,  OHB AG, Oneweb LTD., Airbus Defense and Space, Boeing, Northrop Grumman Corporation, Planet Labs Inc., Sierra Nevada Corporation, Singapore Technologies Engineering Limited, Space Exploration Technologies Corp. (Space X), Surrey Satellite Technology LTD. and Thales Alenia Space. These players focus on inorganic strategies such as acquisitions, partnerships, agreements, and collaborations as well as organic strategies such as expansions and product launches & approvals to sustain their positions in the market.

Small Satellite Market Report Key Benefits

• The report offers changing market dynamics in the small satellite market, presenting historical, current and projected market size in terms of value (USD Million)
• The report comprises a detailed analysis of the factors that drive and restrict the growth of the global small satellite market.
• The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of small satellite
• It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the small satellite market performance
• Key players within the global small satellite market are profiled to understand the competitor scenario.

Research Objectives of Small Satellite Market Report:

• Analysing the outlook of the market with the recent trends and Porter’s five forces analysis.
• Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.
• Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
• Country-level analysis, integrating the demand and supply forces that are influencing the growth of the Small satellite Market.
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
• Comprehensive company profiles, covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.