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Small Satellite Market:Executive Summary
Global Small Satellite Market is valued approximately at USD 3.53 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 20.83 % over the forecast period 2019-2026. The small satellite are the miniature versions of satellite which have lower mass and size which is generally under 500 kg as compared to satellites. These are built to reduce and save costs of launch vehicles and construction. These satellites are also more useful than their larger counterparts in purposes like gathering of scientific data and radio relay. Further, rapid advancements in the space technology have made these small satellites potentially more viable for use in different industries like commercial, civil, government and military sector which has led the adoption of Small Satellite across the forecast period. Also, with the increasing focus on reducing mission costs at a substantial rate across the world is expected to fuel the demand for Small Satellites. However, the risk involved in the production of these small satellites including programmatic and scientific problems leading to launch failure will hinder the market growth. Although the high data rate communication trend with the small satellites providing efficient communication presents a huge opportunity for the small satellite market during the forecast period.
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The regional analysis of global Small Satellite market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the dominant participation of private players in small satellite developments and rising demand for these satellites to be used in earth observation related applications, surveillance activities in the defense sector fuel the market demand. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as surplus investments in the space technologies in the region with the Chinese leading the small satellite technology in the region and other countries like India, Japan and South Korea launching their own small satellites would create lucrative growth prospects for the Small Satellite market across Asia-Pacific region.
Major market player included in this report are:
Orbital ATK (US) (acquired by Northrop Grumman Corporation, US)
OHB AG (Germany)
Airbus Defense and Space (France)
Harris Corporation (US) (now L3Harris)
Lockheed Martin Corporation (US)
Thales Alenia Space (France)
Sierra Nevada Corporation
The Aerospace Corporation
Planet Labs Inc.
Boeing
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Nanosatellite
Microsatellite
Minisatellite
By End User:
Civil
Defence
Commercial
By Application:
Earth Observation & Meteorology
Communication
Scientific Research & Exploration
Surveillance & Security
Mapping & Navigation
Table of Content:
Chapter 1. Executive Summary
Chapter 2. Global Small Satellite Market Definition and Scope
Chapter 3. Global Small Satellite Market Dynamics
Chapter 4. Global Small Satellite Market Analysis
Chapter 5. Global Small Satellite Market, by Solution
Chapter 6. Global Small Satellite Market, by Service
Chapter 7. Global Small Satellite Market, by Application
Chapter 8. Global Small Satellite Market, Regional Analysis
Chapter 9. Competitive Intelligence
Chapter 10. Research Process
Continuous…
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