openPR Logo
Press release

Small Satellite Market Analysis and Forecast 2020: By Keyplayers Harris Corporation Airbus Defense and Space, Boeing, Geooptics Inc., Lockheed Martin Corporation, Millennium Space Systems Inc., Northrop Grumman Corporation, OHB AG, Oneweb Ltd, Planet Labs

09-23-2020 06:28 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Small Satellite

Small Satellite

Don’t Quarantine Your Research, you keep your social distance and we provide you a social DISCOUNT use QUARANTINEDAYS Code in precise requirement and Get FLAT 1000USD OFF on all CMI reports

Global Small Satellite Market - Insights

Small satellites are satellites of low mass and size that are usually under 500 kg. All such satellites can be referred to as ‘small’. However, different classifications are used to categorize these satellites based on mass. Small satellites reduce the huge economic cost of launch vehicle and cost associated with its construction. This has led to increasing participation of emerging economies and startups towards satellite launch for various purposes such as communication and security. For instance, in January 2018, Indian Space Research Organization (ISRO) launched new small satellite called Microsat.

Key players operating in the global small satellite market include, Harris Corporation Airbus Defense and Space, Boeing, Geooptics Inc., Lockheed Martin Corporation, Millennium Space Systems Inc., Northrop Grumman Corporation, OHB AG, Oneweb Ltd, Planet Labs Inc., Sierra Nevada Corporation, Singapore Technologies Engineering Limited, Space Exploration Technologies Corp. (Space X), Surrey Satellite Technology Ltd., and Thales Alenia Space.

Download Free PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/2512

The global small satellite market is expected to witness significant growth during the forecast period (2018–2026). The growth is majorly attributed to development of advanced small satellites such as small sat express of HawkEye 360 Inc, GTOSat-Cubesat mission and Asteria small satellite of NASA that are capable of performing a number of operations such as earth observatory and communication.

Increasing use of mobile phones, communication modules, data-based services, and GPS systems, owing to next-generation 4G/LTE networks is driving growth of the small satellite market. These services are used by various sectors such as automotive, electronics, military, IT, communication, and others. For instance, according to a report published by Pew Research Center, in June 2017, 77% of the people in the U.S owned a smartphone in 2017, which accounted for a 35% compared to 2011.  

Majority of trade worldwide is carried by sea, which increases demand for small satellites for tracking ships with GPS. Moreover, several companies in the oil and gas transport, educational institutes, and private companies use GPS in official vehicles and tankers to locate their vehicles and maintain transparency. Therefore, these applications rely on small satellites for communication as a viable and cost-effective solution, which is expected to boost the market growth.

Earth observatory segment is expected to witness considerable growth in the market over the forecast period:

Earth observatory small satellites are used to monitoring civil engineering projects, especially in rural or remote areas. Therefore, increasing development of spectral imaging technologies is expected to boost demand for small satellites over the forecast period. For instance, in 2014, Boeing received its first commercial order for the 502 Phoenix small satellite from HySpecIQ — a high resolution hyperspectral imaging information provider based in Washington D.C. These satellites will carry the company’s first high-resolution hyperspectral payload that is capable of providing high-fidelity spectral imaging by earth observatory.
Similarly, in 2016, the National Oceanic and Atmospheric Administration (NOAA) signed a contract with Spire Global to collect and evaluate weather data across various regions. Spire Global and GeoOptics have developed GPS radio-based small satellites that can infer temperature, pressure, and humidity at various altitudes.

Request Sample Copy @ https://www.coherentmarketinsights.com/insight/request-sample/2512

North America is expected to hold dominant position in the small satellite market over the forecast period:

Among Regions, North America held dominant position in the global small satellite market, accounting for 55% market share by value in 2017. The region is expected to retain its dominance in the market over the forecast period, owing to presence of major players such as National Aeronautics Space Association (NASA), Space Exploration Technologies Corp., and The Boeing Company.

Increasing demand for weather forecast software such as AccuWeather, The Weather Channel, Yahoo Weather, and Google Weather is also expected to boost the market growth. The increase in demand is mainly attributed to growing air and sea transport services and weather monitoring services for disaster management. For instance, in December 2018 HawkEye 360, Inc. announced a successful launch of Pathfinder Mission cluster of three formation- flying small satellites. The satellites are tasked to collectively locate and sense radio emissions beamed from the ground, especially from the vehicles that are to be tracked.

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Small Satellite Market Analysis and Forecast 2020: By Keyplayers Harris Corporation Airbus Defense and Space, Boeing, Geooptics Inc., Lockheed Martin Corporation, Millennium Space Systems Inc., Northrop Grumman Corporation, OHB AG, Oneweb Ltd, Planet Labs here

News-ID: 2139802 • Views: 316

More Releases from Coherent Market Insights

Computational Biology Market - Detailed Analysis of Current and Future Industry …
Global Computational Biology Market Insights, Forecast to 2027 is latest research study re-leased by CMI evaluating the market, highlighting opportunities, risk side analysis, and lever-aged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Computational Biology Market. Some of the key players profiled in the study are Accelrys, Certara, L.P., Chemical Computing
Telerehabilitation Systems Market - Detailed Analysis of Current and Future Indu …
Global Telerehabilitation Systems Market Insights, Forecast to 2027 is latest research study re-leased by CMI evaluating the market, highlighting opportunities, risk side analysis, and lever-aged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Telerehabilitation Systems Market. Some of the key players profiled in the study are Reflexion Health, Inc., 270 Vision
Personal Emergency Response Systems Market - Detailed Analysis of Current and Fu …
Global Personal Emergency Response Systems Market Insights, Forecast to 2027 is latest research study re-leased by CMI evaluating the market, highlighting opportunities, risk side analysis, and lever-aged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Personal Emergency Response Systems Market. Some of the key players profiled in the study are Koninklijke
Wearable Patch Market - Detailed Analysis of Current and Future Industry Figures …
Global Wearable Patch Market Insights, Forecast to 2027 is latest research study re-leased by CMI evaluating the market, highlighting opportunities, risk side analysis, and lever-aged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Wearable Patch Market. Some of the key players profiled in the study are Medtronic Plc, Hill-Rom Holdings, Inc.

All 5 Releases


More Releases for Space

Small Satellite Market | Thales Alenia Space, Space Exploration Technologies Cor …
Global Small Satellite Market: Snapshot The market for small satellite has been gaining significant traction across the world, thanks to the technological advancements. This report analyzes and forecasts the market for small satellite at the global and regional level. The market has been forecast based on volume (kilo tons) and value (US$ Mn) from 2017 to 2025, considering 2016 as the base year. The study includes drivers and restraints of the
What is Coworking Space?
Suddenly, we are hearing about coworking spaces popping up in every corner of the city. But, what are these spaces? Why are they getting so popular? Why are people preferring coworking spaces over conventional serviced offices? Read this article to find out. Coworking space is a workspace or office designed for workers who operate in self directed, collaborative, flexible and voluntary work styles. They enable multiple companies to operate out of
Space tourism Market - Real opportunity of Travelling to Space
"Space tourism is space travel for recreational, leisure or business purposes. To date only orbital space tourism has taken place provided by the Russian Space Agency, although work continues developing sub-orbital space tourism vehicles by Blue Origin and Virgin Galactic. In addition, SpaceX announced in 2017 that they are planning on sending two space tourists on a lunar free return trajectory in 2018 aboard their Dragon V2 spacecraft launched by
Aliens Space Station | Intelligent Living
Aliens Space Station is distinguished by its highest quality construction, prime location, aesthetic appeal, functional design and optimum use of space where every apartment is a result of meticulous planning, incorporating best practices, adhering to a structured quality manual as per ISO norms and 700 quality checks- starting from incoming raw material checks to handover of the flats where you have 28 different floor plans to choose from. Space Station
Space Technology for Sparkasse Dillenburg
Darmstadt, 27 November 2013 ​ Customers of the Sparkasse Dillenburg (Region of Hesse, Germany) can look forward to a new mobile branch office, which will be operational end of this year. The space company Telespazio VEGA Deutschland, a subsidiary of Telespazio (a Finmeccanica/Thales company) will provide the satellite connection between the mobile bank and the main office. The catchment area of the Sparkasse Dillenburg covers many small villages and communities which do
M Space Announces New Leadership
September 27, 2011 - M Space is pleased to announce that Jeff Deutschendorf has been named the company’s new President and Chief Executive Officer. Jeff succeeds Alan Arsht, the company’s founding chief executive, who remains involved with the company as a Managing Member and Executive Advisor. Jeff served most recently as the Chief Operating Officer, where he oversaw day-to-day operations of the company. His leadership greatly contributed to M