Allied Market Research
Loading...
Cart
0

Small Satellite Market Expected to Reach $15,686.3 Million by 2026

 

quote The small satellite market is expected to witness considerable growth owing to rise in demand from countries such as China, Japan, and India, for communication application, earth observation & imaging application, and others. North America is a significant region for the small satellite market owing to presence of major revenue contributors for the global market such as Sierra Nevada Corporation, Lockheed Martin Corporation, Aerospace Corporation, and others. quote

According to Eswara Prasad
Manager, Chemical and Material

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research titled, "Small Satellite Market by Type, Application, and End-User: Global Opportunity Analysis and Industry Forecast, 2019-2026," the small satellite market accounted for revenue of $3,632.4 million in 2018 and is anticipated to generate $15,686.3 million by 2026. The market is projected to experience growth at a CAGR of 20.1% from 2019 to 2026.

The major factors that propel the small satellite market are low cost, lightweight, and increased applications of small satellites across diverse sectors. Technological developments and increase in investments by governments are anticipated to further augment the growth. High demand for these satellites from emerging economies, such as Asia-Pacific and LAMEA, along with rise in involvement of commercial companies, startups, and educational institutes in the market is anticipated to offer numerous growth opportunities during the forecast period.

The small satellite market is segmented based on type, application, end-user, and region. By type, the market is classified into minisatellite, microsatellite, nanosatellite, and pico-satellites, femto satellites. On the basis of application, it is categorized 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, the small satellite market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Based on type, the nanosatellite segment is anticipated to grow at the fastest rate during the forecast period. This is attributed to the rising demand for nanosatellites in earth observation application and increased investments in nanosatellite technologies.

Based on application, the satellite communications segment is expected to be the fastest-growing application during the forecast period. This is attributed to increase in demand for small satellite in military applications and navigations, radio broadcasting, and others. 

Based on the region, Asia-Pacific is expected to grow at the fastest growth rate. The major countries in Asia-Pacific aim to improve their connectivity during the coming years. Owing to these factors, there is a rise in demand for small satellites in the communication sector. Countries with a dominant share in the Asia-Pacific market are China, Japan, South Korea, and India.

The small satellite market analysis covers in-depth information of the major industry participants. The key player operating and profiled in the market includes Sierra Nevada Corporation, Lockheed Martin Corporation, Airbus S.A.S., Northrop Grumman Corporation, L3Harris Technologies, Inc., The Aerospace Corporation, Planet Labs Inc., Boeing, Thales Group, GomSpace and Blue Canyon Technologies
Other players in the value chain of the small satellite market include Orbital ATK, Space Systems Loral, OHB AG, Spire Global Inc., Geooptics Inc., Lockheed Martin Corporation, and others.

Key Findings of the Small Satellite Market :

  • The small satellite market is analyzed from 2018 to 2026.
  • The Asia-Pacific is projected to grow at the highest CAGR of nearly 20.5%, during the forecast period.
  • Based on application, the imaging and earth observation segment is anticipated to garner highest market share of 35.7% during the forecast period.
  • North America dominated the market with a revenue share of over 54.2% in 2018.
  • A comprehensive analysis of the factors that drive and restrain the small satellite market growth is provided.
  • The qualitative data in this report aims at the market dynamics, trends, and developments in the small satellite industry.
  • The small satellite market size in provided in terms of revenue.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Ram D
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote 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 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Small Satellite Market"
Purchase Enquiry