Market Research Report
Europe Small Satellite Market Type, By End User, By Application, By Subsystem, By Country, Competition, Forecast & Opportunities, 2025
|Europe Small Satellite Market Type, By End User, By Application, By Subsystem, By Country, Competition, Forecast & Opportunities, 2025|
Published: May 1, 2020
Content info: 72 Pages
Delivery time: 2-3 business days
Europe small satellite market is expected to grow at a brisk rate during the forecast period. The key factor responsible for the growth of small satellite market is that the manufacturers are focussing more towards minimizing the overall mission cost. Additionally, rising innovations in tech sector for space explorations are further estimated to enhance the capabilities of small satellites, thereby driving the market growth in the region. However, the factor that might hamper the growth of market over the coming years is less cost involved in producing these satellites, which is making market players to hurry up the production process, resulting in high risk of launch failures.
The Europe small satellite market is segmented based on type, end user, application, subsystem, country and company. Based on type, the nanosatellite segment is expected to witness the highest growth during the forecast years, which can be attributed to rapid advancements in miniaturization of the space exploration technologies, which is making nanosatellites potentially and economically more viable for their wide usage in government, civil, commercial and military applications. In addition to this, reduction in the cost of these satellites, increasing investments in this vertical, rising demand, growing number of areas of application and superior mission launches are factors contributing towards fuelling the demand for nanosatellites across the region.
Major players operating in the Europe small satellite market include Sierra Nevada Corporation, Singapore Technologies Engineering Limited, Surrey Satellite Technology LTD., Planet Labs Inc., Airbus Defense and Space, Northrop Grumman Corporation, Space Exploration Technologies Corp., Millennium Space Systems Inc., Lockheed Martin Corporation, Harris Corporation and others.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2025
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the region. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the region.
TechSci Research calculated the market size of Europe small satellite market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Europe small satellite market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Earth Observation & Meteorology
Scientific Research & Exploration
Surveillance & Security
Mapping & Navigation
Solar Panels & Antenna Systems
Electrical Power Systems
Command & Data Handling
Company Profiles: Detailed analysis of the major companies present in Europe small satellite market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: