COVID News:Global Small Satellite Services Market is estimated to reach USD 58.2 Billion by 2024

Small Satellite Services Market: Summary

The Global Small Satellite Services Market is estimated to reach USD 58.2 Billion by 2024 at a CAGR of 27.5%.

Satellite can be defined as a planet or a machine revolving around a planet or a star. Man-made satellites are launched in the space to revolve around the Earth or other planets for various operations. Space sector is experiencing significant change because of rapid technology advancement. Small satellite is a rising type of spacecraft which is made by advanced hardware and software resulting in high performance in small package. Small satellites based on mass can be defined as satellite with mass of less than 500 kg. In comparison with conventional satellites, small satellites have short product development cycle resulting in low cost.

Small Satellite Services Market: Drivers & Restraints

Market Drivers:

• Trend of Satellite Miniaturization

Minimizing the size of satellites reduces the overall time and cost required for production of satellites. Also small size satellites are helpful for the operation which conventional satellites cannot perform due to their size. These factors are expected to contribute in the growth of small satellite service market during forecast period.

• Supportive Government Policies

Small satellite is a rising technology in the space industry which is efficient in operation and low in cost. Government policies supports the manufacturing and launch of these satellites as they help in various industries and also at academic level. Supportive policies by regulating authorities impel industry people to tap into this market. Thus, this factor will expected to support the aggressive growth of the market.

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Market Restraints:

• Shorter Life Span

Small satellites have shorter life span compared to conventional satellites. As these satellites are usually in lower orbit, they are facing atmospheric drag which results in depleting life span. Once the satellite becomes incapable of performing assigned operation new satellite will be required, this would impact overall investment. Hence, this factor may restraint the growth of the market.

Small Satellite Services Market: Key Segments

• Component segment includes: Payload, Flight Processor, Antennas, Propulsion Systems, Ground Station Equipment, Star Tracker, and Others
• Product type segment includes: PocketQube (below 1kg), Nanosatellite (1–10 kg), Microsatellite (10–100 kg), Minisatellite (100–500 kg)
• Application segment includes: Research and Development, Communication, Remote Sensing and
• End user segment includes: Civil, Non-profit, and Military
• Regional segmentation covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

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Small Satellite Services Market: Report Scope

The report on the small satellite services market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2017–2024

Base Year for Market Calculation

2018

Forecasted Period

2019–2024 (2019 estimated year, forecasted up to 2024)

Measured Units

Value (USD Million)

Segments Included

Component, Product Type, Application, End User and Region

Regional Coverage

Asia-Pacific, Europe, Middle East and Africa, South Africa and North America

KEY Companies Covered

• Airbus Defense and Space, Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
• Boeing Co
• Antrix Corporation Limited
• Blue Canyon Technologies Inc.
• GomSpace Group AB
• Thales Group
• Spire Global, Inc.
• SpaceQuest Ltd
• Berlin Space Technologies GmbH
• Alba Orbital Limited
• Other Key Companies

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Small Satellite Services Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Small Satellite Services Market, by Component

• Payload
• Flight Processor
• Antennas
• Propulsion Systems
• Ground Station Equipment
• Star Tracker
• Others

Small Satellite Services Market, by Product Type

• PocketQube (below 1kg)
• Nanosatellite (1–10 kg)
• CubeSats
• Microsatellite (10–100 kg)
• Minisatellite (100–500 kg)

Small Satellite Services Market, by Application

• Research and Development
• Communication
• Remote Sensing
• Others

Small Satellite Services Market, by Application

• Civil
• Non-profit
• Military

Small Satellite Services Market, by Region

• Asia-Pacific
• China
• India
• Japan
• South Korea
• Singapore
• Rest of Asia-Pacific
• North America
• US
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Sweden
• Russia
• Rest of Europe
• Middle East & Africa
• Saudi Arabia
• UAE
• Rest of Middle East & Africa
• South America
• Brazil
• Argentina
• Rest of South America

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

6 GLOBAL SMALL SATELLITE SERVICES MARKET BY COMPONENT, Market Size In USD Million (2017–2024)

7 GLOBAL SMALL SATELLITE SERVICES MARKET BY PRODUCT TYPE, Market Size In USD Million (2017–2024)

8 GLOBAL SMALL SATELLITE SERVICES MARKET BY APPLICATION, Market Size In USD Million (2017–2024)

9 GLOBAL SMALL SATELLITE SERVICES MARKET BY END USER, Market Size In USD Million (2017–2024)

10 Competitive Landscape

11 Company Profiles

12 Appendix

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