Small Satellite market was valued at 1340 Million US$ in 2018 and is projected to reach 6280 Million US$ by 2025, at a CAGR of 21.4% during the forecast period.
Small satellites are satellites of low mass and size, usually under 500 kg (1,100 lb). While all such satellites can be referred to as "small", different classifications are used to categorize them based on mass. Satellites can be built small to reduce the large economic cost of launch vehicles and the costs associated with construction. Miniature satellites, especially in large numbers, may be more useful than fewer, larger ones for some purposes for example, gathering of scientific data and radio relay. Technical challenges in the construction of small satellites may include the lack of sufficient power storage or of room for a propulsion system.
North America led the small satellite market in 2017, owing to an increase in demand for small satellites from NASA and the Department of Defense (U.S.), and private sectors, such as research organizations and telecommunication. However, the market in the European region is expected to grow at the highest CAGR during the forecast period due to their high demand to use in battlefield missions, earth observation, and scientific exploration activities performed by various government and private organization.
In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Small Satellite.
This report presents the worldwide Small Satellite market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
- Lockheed Martin
- Northrop Gruman
- Raytheon
- Dynetics
- Surrey Satellite Technology
- Axelspace
- Sierra Nevada
- Clyde Space
- Planet Labs
- Dauria Aerospace
- CASC
Small Satellite Breakdown Data by Type
- Nanosatellite
- Microsatellite
- Minisatellite
Small Satellite Breakdown Data by Application
- National Security
- Science & Environment
- Commerce
- Others
- Table of Contents
- List of Tables & Figures
- Charts
- Research Methodology
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Small Satellite Production by Region
- United States
- Europe
- China
- Japan
- Other Regions
Small Satellite Consumption by Region
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
The study objectives are:
- To analyze and research the global Small Satellite status and future forecastinvolving, production, revenue, consumption, historical and forecast.
- To present the key Small Satellite manufacturers, production, revenue, market share, and recent development.
- To split the breakdown data by regions, type, manufacturers and applications.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends, drivers, influence factors in global and regions.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Small Satellite :
- History Year: 2014 - 2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Small Satellite market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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