Small Satellite Market is Valued at $2.69 Billion in 2017 and will reach $6.91 Billion by the end of 2023, CAGR of 17.05% | Global Key Company’s (Airbus Defense and Space, Thales Group, ST Engineering, Surrey Satellite Technology, Sierra Nevada, Planet

Marketprognosis.com Publish a New Market Research Report On “Global Small Satellite Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Small Satellite Market:

The Global Small Satellite Market was valued at USD 2.69 Billion in 2017, and is expected to reach USD 6.91 Billion by 2023, at a CAGR of 17.05%, over the forecast period (2018-2023).

Small satellites are an emerging class of spacecraft, which are increasingly being preferred because of their significant advantages over traditional satellites. Small satellites typically have shorter development cycles, smaller development teams, and consequently, cost much lesser for launch (as compared to conventional alternatives). Revolutionary technological advancements have facilitated the miniaturization of electronics, which has pushed the invention of smart materials, in turn contributing to reducing the satellite size and mass over time for manufacturers. Owing to the increasing pace of earth observation, space research, and communication, the demand for small satellites has reached a new high.

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Most venture companies are showing interest towards making investments in satellites. For instance, Softbank is actively looking for making investments in the satellites industry. Other factors like satellite miniaturization and increasing focus on reducing mission costs are also driving the growth of the market. Lack of dedicated launch vehicles to launch small satellites into space, design-related limitations, and programmatic risks involved in the products are hindering market growth.

Owing to their performance upgrades and potential to deliver an enhanced payload, small satellites find various applications in the defense industry. In addition, the navy and army have been identified to increasingly use small satellites for tactical and low-bandwidth communications. Lockheed Martin recently financed Rocket Lab, a startup based out of New Zealand. The carbon-composite rocket built by Rocket Lab is expected to allow companies to launch small satellites into orbit, for less than USD 5 million. This drastic reduction in cost of deploying small satellites is expected to further reinforce investments being made by defense industries, worldwide, as observation and monitoring become increasingly crucial to mitigate terrorist threats and activities.

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New business opportunities and rising demand for satellite-based activates are the primary factors expected to drive the growth of the small satellite market in Asia-Pacific region. India, China, Japan, and Singapore are the major countries leading the small satellite market in this region. With the size of earth observation satellites reducing and the future trend moving toward a constellation of small satellites, India's space agency is making significant strides in the development of small satellites. Recently, the Indian Space Research Organization launched a total of 104 satellites, with 103 of them weighing less than 10 kg each. China is also emerging as another major market for small satellites. Recently, China orbited three small satellites using the Kuaizhou-1A (KZ-1A) launch vehicle from the Jiuquan Launch Center. Moreover, China is likely to fast track its efforts to become the world's most advanced small satellite launch market.

Major Key Players:

1 Airbus Defense and Space

2 Thales Group

3 ST Engineering Limited

4 Surrey Satellite Technology

5 Space Exploration Technologies

6 Sierra Nevada Corporation

7 Thales Alenia Space

8 Planet Labs and More…………….

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What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which are the leading market products, applications & regions and how will they perform by 2023?

3 What are the technologies & innovation trends, how will they evolve by 2023?

4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Small Satellite Market.

Table of Contents:

1 Introduction

2 Research Approach and Methodology

3 Executive Summary

4 Market Insights

5 Market Dynamics

6 Technology Snapshot

7 Global Small Satellite Segmentation

8 Competitive Intelligence - Company Profiles

9 Investment Analysis

10 Outlook of the Market

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