Market Research Report
Small Satellite Market by Type, Application, and End-User: Global Opportunity Analysis and Industry Forecast, 2019-2026
|Published by||Allied Market Research||Product code||676825|
|Published||Content info||260 Pages
Delivery time: 2-3 business days
|Small Satellite Market by Type, Application, and End-User: Global Opportunity Analysis and Industry Forecast, 2019-2026|
|Published: August 1, 2019||Content info: 260 Pages||
Small Satellite Market by Type (Minisatellite, Microsatellite, Nanosatellite, Pico-Satellites, and Femto Satellites), Application (Imaging and Earth Observations, Satellite Communications, Science & Explorations, Technology Development, and Space Situational Awareness), and End-User (Civil & Commercial and Government & Defense): Global Opportunity Analysis and Industry Forecast, 2019-2026.
The small satellite market accounted for $3,632.4 million in 2018, and is anticipated to reach $15,686.3 million by 2026, registering a CAGR of 20.1% from 2019 to 2026. Satellites weighing below 500 Kg are known as small satellites.
The small satellite market is anticipated to grow owing to an increase in demand for the small satellite in LEO (Low Earth Orbit) based services. LEO based services include space-based communication, imagery-based intelligence, and situational awareness (SA). Some countries in Asia-Pacific and LAMEA are economically unstable owing to which they are unable to conduct space research programs. This factor is anticipated to hinder the market growth during the forecast period.
The small satellite market is segmented based on type, application, end-user, and region. Depending on type, the market is categorized into minisatellite, microsatellite, nanosatellite, pico-satellites, and femto satellites. On the basis of application, it is classified into imaging and earth observations, satellite communications, science & explorations, technology development, and space situational awareness. Based on end-user, the market is bifurcated into civil & commercial and government & defense. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The other players in the value chain include of the market includes Orbital ATK, Space Systems Loral, OHB AG, Spire Global Inc., Geooptics Inc., Lockheed Martin Corporation, and others.