Low-Cost Satellite Market – 2019 Growth Analysis by Most Prominent Key Players Like OneWeb, Lockheed Martin Corporation, Axelspace Corporation, Planet Labs, Sierra Nevada Corporation, and Spire Global

Low-Cost Satellite Market Research Report: Information by Satellite Type (Micro-, Nano-, Others), by Function (Communication, Imaging, Others), by End-User (Commercial, Military), and by Region — Global Forecast till 2023

Key Players:
The key players in the global low-cost satellite market are Dauria Aerospace (Russia), SpaceX (US), Geooptics Inc. (US), OHB AG (Germany), OneWeb (US), Lockheed Martin Corporation (US), Axelspace Corporation (Japan), Planet Labs Inc. (US), Sierra Nevada Corporation (US), and Spire Global Inc. (US).

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The Global Low-Cost Satellite Market Is Estimated To Register a CAGR of approximately 8% during the forecast period of 2018 to 2023

Market Scenario:
Satellites are classified as low-Earth orbit (LEO) satellites, sun-synchronous orbit satellites, and geosynchronous-Earth orbit (GEO) satellites, according to the orbit they are in. Based on the size, the satellites are categorized as large, medium-sized, and small satellites. The small satellites comprise of the low-cost satellites such as micro-, nano-, pico-, and femto- satellites. The larger (conventional) satellites were powered by the chemical propulsion systems, which increased their overall weight, launch costs, and reduced their payload bearing capabilities. As a result, the satellite operators have been focusing on the research on alternative propulsion technologies.

However, in the recent years, with the growing demand for small satellites (such as the micro-, nano-, pico-, and femto- satellites), which weigh under 1,100 lbs, there has been a high requirement of cheaper launch vehicles. As a result, electric propulsion technologies are widely implemented to power such low-cost small satellites.

One of the major advantages of the low-cost satellites, when compared to the conventional large satellites, is their lower development and propulsion costs. Therefore, a constellation of such satellites can be used to provide low-cost solutions, which would otherwise cost a significant amount. The cost to build a nano- or microsatellite is almost nil in comparison to the traditional satellite.

With the launch of these nano- and micro satellites, the satellite propulsion costs also reduce, which is a boost for the global satellite industry. Moreover, such satellites are capable of enabling missions that were not feasible with the larger satellites such as inspection of the larger satellites in orbit, gathering data from multiple points, lower data rate communications, and space-based research.

Of late, there have been a number of developments on the low-cost satellite front. For example, in 2017, it was reported that the National Aeronautics and Space Administration (NASA) would launch a suite of six next-generation, small satellites, which would provide necessary information and update of the Earth’s hurricanes, energy requirements, and weather.

Similarly, in 2016, it was reported that the Indian Space Research Organization (ISRO) was developing low-cost, reliable space launch vehicles.

Intended Audience:
• Satellite manufacturers
• Satellite component suppliers
• Meteorologists
• Industrialists
• Defense authorities
• Government organizations
• Regulatory bodies
• Research institutes

The report on global low-cost satellite market by Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of the qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report offers a clear picture of the current market scenario, which includes the historical and forecast market size, in terms of value, and the technological, macroeconomic, and governing factors of the market. The report also provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

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Table Of Contents:
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.3. Market Structure
2.4. Key Takeaways
2.5. Key Buying Criteria
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List Of Assumptions
4. Market Landscape

List Of Figures:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top-Down & Bottom-Up Approaches
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter's Five Forces Analysis
FIGURE 7 Supply Chain Analysis
FIGURE 8 Global Low-Cost Satellite Market Share, By Satellite Type, 2017 (%)
FIGURE 9 Global Low-Cost Satellite Market, By Satellite Type, 2018–2023 (USD Million)
FIGURE 10 Global Low-Cost Satellite Market Share, By Function, 2017 (%)
FIGURE 11 Global Low-Cost Satellite Market, By Function, 2018–2023 (USD Million)

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