Satellite Market Share 2021 Overview, Top Key Players, Demand, Industry Size, Growth Factor, Trends and Forecast to 2027 - Lockheed Martin, Northrop Gruman, Thales Alenia Space, Airbus Defence and Space
The Global Satellite Market Size is Projected to Reach at a CAGR of 17% during 2021-2027.
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Top Leading Companies:
Lockheed Martin, Northrop Gruman, Thales Alenia Space, Airbus Defence and Space, CASC, Boeing Defense, ISS-Reshetnev Company, Maxar Technologies, Raytheon, Planet Labs, Dynetics, LeoSat Enterprises, Ball Aerospace, OHB, AAC Clyde Space, ISIS
In March 2019, Lockheed Martin announced a new generation of space technology that will allow satellites to change their missions in orbit. This is possible with a new architecture that will let users add capability and assign new missions with a software push, just like adding an app on a smartphone.
In April 2020, Lockheed Martin received a USD 5.8 million contract from Defense Advanced Research Projects Agency (US) to deploy a constellation of 20 small satellites to demonstrate that a low Earth orbit system can provide global high-speed communications.
In July 2020, L3Harris received a contract from the US Air Force for developing a constellation of small spy satellites. The constellation of small satellites will provide imagery to military operators on the ground. The company will task, command, and control the satellite system, as well as perform on-board processing of data, to deliver imagery products directly to warfighters.
In May 2020, Sierra Nevada Corporation (SNC) SNC’s Dream Chaser spacecraft, known as “America’s Spaceplane™,” which is the world’s only non-capsule, commercial spacecraft capable of a runway landing, received a NASA contract to perform cargo delivery and disposal services from the International Space Station.
In February 2020, Surrey Satellite Technology received a contract from the UK Space Agency, which confirmed it would invest USD 419 million per year with ESA for the implementation phase of its Lunar data-relay spacecraft, Lunar Pathfinder.
Satellite Market Segmentation by Type:
Science and Environment
Satellite Market Segmentation by Application:
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The North American market is projected to witness the highest CAGR
North America is projected to be the highest CAGR rate for the small satellite market during the forecast period. North America is a leading region for the adoption of small satellites and provides great opportunities for the growth of the overall market. The region has always been an early adopter of new technologies or software. The demand for small satellites in North America is being driven by the booming digitalization across industries, along with the surging demand for Earth observation satellites, which offer extremely high-resolution Earth images and videos, as close as 1 meter or less, of the Earth’s surface.
Regional Satellite Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
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Highlights of the Satellite Market Report:
Detailed overview of Satellite Market
Changing the Satellite market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Satellite market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Satellite Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Satellite Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Satellite industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
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– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
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