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Global small satellite market
DUBLIN, Oct. 21, 2022 (GLOBE NEWSWIRE) — The Small Satellite Market: Global Industry Trends, Shares, Sizes, Growth, Opportunities and Forecasts 2022-27 Report Added of ResearchAndMarkets.com Recruitment.
The global small satellite market size will reach USD 3.68 billion in 2021. Looking to the future, the publisher expects the market to reach US$8.84 billion by 2027, and from 2021 to 2027 he expects to show a CAGR of 15.73%. increase.
A small satellite, also known as a smallsat, refers to a class of satellites of low mass and size, usually less than 1,200 kg. Based on weight, they are classified into minisatellites, microsatellites, nanosatellites, picosatellites and femtosatellites. Small satellites are an affordable alternative to enable commercial enterprises, non-profit organizations, and educational institutions to conduct missions in low earth orbit.
They will allow several scientific investigations and technology demonstrations to be carried out in orbit at low cost, with relative ease and within the prescribed time. As a result, small satellites are widely used for specific applications such as communications and navigation by civilian, commercial, military, and government agencies.
Small satellite market trends:
Growing need for remote sensing and earth observation services in various sectors including energy, oil and gas, defense, agriculture, etc. is mainly driving the global small satellite market. In addition to this, the growing popularity of advanced technologies such as over-the-top (OTT) services and Internet Protocol Television (IPTV), as well as the widespread use of small satellites for communication and navigation, is also stimulating the global market. doing.
Moreover, rising demand for LEO-based small satellites to provide low-cost broadband in developing countries further drives the market growth. Apart from this, the introduction of small satellites in the telecom industry has not only created new market opportunities for satellite communications (Satcom) companies, but has also led to the acceleration of his 5G deployment around the world. This, in turn, creates positive prospects for the global market.
Moreover, increasing use of small satellites by research institutes for academic purposes and technology experiments in space serves as another important growth driver. For example, NASA’s CubeSat initiative offers educational institutions and NGOs the opportunity to collaborate on future small satellite launches. In addition, the increasing integration of numerous innovative technologies such as robotics, artificial intelligence, and machine learning to ensure efficient communications, improve spacecraft reliability, and enhance coordination will help the forecast period. The global small satellite market is expected to expand during the
Key Market Segmentation:
Breakdown by component:
Breakdown by type:
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mini satellite
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microsatellite
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nanosatellite
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others
Breakdown by frequency:
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L-band
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S-band
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C-band
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X-band
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Ku-band
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Ka band
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Q/V band
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HF/VHF/UHF band
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others
Breakdown by application:
Breakdown by end user:
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commercial
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academic
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government and military
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others
Regional breakdown:
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North America
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America
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Canada
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Asia Pacific
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China
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Japan
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India
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Korea
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Australia
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Indonesia
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others
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Europe
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Germany
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France
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England
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Italy
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Spain
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Russia
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others
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latin america
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Brazil
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Mexico
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others
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Middle East and Africa
Key questions answered in this report:
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How has the global small satellite market fared, and how will it evolve in the next few years?
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What impact has COVID-19 had on the global small satellite market?
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What are your major regional markets?
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What is the market breakdown based on components?
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What is the market breakdown based on type?
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What is market fragmentation based on frequency?
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What is the market segmentation based on application?
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What is the segmentation of the market by end users?
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What are the different stages of the industry value chain?
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What are the key industry drivers and challenges?
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What are the structure and key players of the global small satellite market?
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How competitive is the industry?
Main topics:
1.First of all
2 Scope and methodology
3 Executive Summary
4 Introduction
5 Global Small Satellite Market
6 Market Breakdown by Component
7 Market Breakdown by Type
8 Market Breakdown by Frequency
9 Market Split by Application
10 Market Split by End User
11 Market Breakdown by Region
12 SWOT analysis
13 Value Chain Analysis
14 Porters Five Forces Analysis
15 Price Analysis
16 Competitive Environment
companies mentioned
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AAC Clyde Space
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Airbus SE
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Ball Corporation Co., Ltd.
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Blue Canyon Technologies (Raytheon Technologies Corporation)
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Exolaunch GmbH
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gum space
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L3 Harris Technologies Inc.
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Lockheed Martin Corporation
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Millennium Space Systems Inc. (Boeing)
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Northrop Grumman Corporation
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Spire Global Co., Ltd.
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Aerospace Corporation.
For more information on this report, please visit https://www.researchandmarkets.com/r/6au97h.
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