Small Satellite Market 2019: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2025

Overview

Small satellites refer to satellites with lower size and mass, usually about 500 kg. While all such satellites can be denoted as "small", numerous categorizations are used to classify them based on mass. Satellites can be designed small to reduce the substantial economic cost of launch vehicles and the costs associated with production.

Market Analysis

As per the reports of QYResearch, the global Small Satellite market was valued at approx US$1340 million in the year 2018 is foreseen to reach US$6280 million by the end of 2025, developing at a CAGR of about 21.4% during the forecast period between years 2019-2025.

Big investments by the venture organizations, the rising demand for low-cost miniaturized satellites, and boosting demand for Earth observation applications are some of the primary driving factors driving the growth of the small satellite market.

However, power-related constraints and laws related to the development of small satellites may generate obstacles for market progress during the forecast period. Technological advancements, in terms of miniaturization of electronic components, advanced material technology, 3-D printing, machine learning, data analytics, and artificial intelligence are likely to enable the manufacturers to survive some of the barriers and develop efficient small systems competent of performing multiple missions in the coming years.

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The major manufacturers covered in this report
Airbus Defense and Space
Thales Group
ST Engineering
Surrey Satellite Technology
Space Exploration Technologies
Sierra Nevada Corporation
Thales Alenia Space
Planet Labs
Millennium Space Systems
Geooptics
Harris Corporation
Spire Global
Northrop Grumman Corporation

Based on the end-user segment, the military segment had an important market share in the year 2018. Armed forces are strengthening their satellite communications, worldwide, to attain an advantage over other evolving countries. The fact that the large satellites are at danger of outer space, due to the weapons created by the countries, like Russia and China, that can devastate large satellites, is encouraging other countries, like the United States, to design, develop and launch their small satellites. However, the commercial segment of the small satellite market is foreseen to register the outstanding CAGR during the forecast period. Investments are being done on a large scale for commercial launches of these satellites.

Regional outlook

In 2018, North America had the highest market share, owing to a good number of small satellite launches by the United States. In the United States, along with many universities and organizations, NASA is also making use of small satellites for performing scientific research, progressive exploration, and educational investigations, as well as for verifying newly originating technologies. 

However, the market for small satellites is largely diverting from North America to the Asia-Pacific, where substantial investments are made on space technology. Presently, China is conducting huge research in small satellite technology. In addition to this, emerging countries, like India, South Korea, and Japan are also improving and designing their small satellites. Hence, Asia-Pacific is anticipated to register the highest CAGR during the forecast timespan. 

Market segmentation

As per the research report published in QYResearch, the global small satellite market can be forecasted on the basis of market players, product type, applications, and regional markets. 

Based on product type, the small satellite market can be segmented into-

• Microsatellite
• Nanosatellite
• Minisatellite

Based on important applications, the global small satellite market can be segmented into-

• National Security
• Commerce
• Science & Environment
• Others

Important facts

The small satellite market is getting fragmented, as a number of startups producing these satellites have risen over the years. The number of universities and institutes generating these small satellites are also rising. In addition to this, the number of small satellites being delivered into space for military and government objectives is predicted to further reduce the market share of the organizations launching these satellites for commercial bases.

Table of Contents

Global Small Satellite Market Research Report 2018
1 Small Satellite Market Overview
2 Global Small Satellite Market Competition by Manufacturers
3 Global Small Satellite Capacity, Production, Revenue (Value) by Region (2013-2018)
4 Global Small Satellite Supply (Production), Consumption, Export, Import by Region (2013-2018)
5 Global Small Satellite Production, Revenue (Value), Price Trend by Type
6 Global Small Satellite Market Analysis by Application
7 Global Small Satellite Manufacturers Profiles/Analysis
8 Small Satellite Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Small Satellite Market Forecast (2018-2025)
13 Research Findings and Conclusion

14 Appendix
 

……Continued

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