Press release
Small Satellite Market worth $13.17 billion by 2030, growing at a CAGR of 17.00% - Exclusive Report by 360iResearch
Small Satellite Market | 360iResearch
The Global Small Satellite Market to grow from USD 4.38 billion in 2023 to USD 13.17 billion by 2030, at a CAGR of 17.00%.
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Small or miniature satellites are small-size satellites with mass under 500 kg (1100 lb), utilized in several applications such as navigation, communication, and surveillance for defense purposes. Small satellites are low-cost alternatives that have allowed commercial enterprises and educational institutions to conduct missions in low-Earth orbit. Small satellites offer cost-effective complementary capabilities to ground-based astronomy and larger space missions. Small satellites ensure that several countries no longer monopolize space technology with well-funded programs that build large and expensive satellites convenient to smaller and newer entities. However, programmatic and scientific risks involved in producing small satellites and stringent regulations impede the adoption of small satellites. In addition, recent advances and development trends in small satellites focus on telecommunication aspects such as using higher-frequency bands and optical communications, protocols, and architectures. Small satellites with modern designs enable new services such as global tracking, the Internet of Things (IoT), remote sensing, and non-terrestrial networks (NTN) that facilitate further communication and data link technologies.
The small satellite is increasingly being used to expedite the deployment of telecommunication services in major North American economies. NASA's increasing its research and development activities and the growing military spending for surveillance missions drive the market across the region. South American countries such as Argentina, Peru, Brazil, Mexico, Uruguay, and Bolivia have national space agencies, and Argentina and Brazil have even built space launch sites. In Asia-Pacific, the growing landscape for small satellites, with increasing space investments being routed for augmenting the region's space-based capabilities by countries such as China, India, Australia, and Japan, propelled small satellites' development in the region. According to the China National Space Administration (CNSA), the region intends to launch about 100 satellites by 2025. In Europe, the rising budgets for the research and development (R&D) of innovative satellite-based products and services are expanding the growth of small satellites. The Middle East and Africa regions are introducing small satellites for various commercial purposes such as data management and expansions with connectivity.
Market Segmentation & Coverage:
This research report categorizes the Small Satellite Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Microsatellite, Minisatellite, and Nanosatellite. The Minisatellite is projected to witness significant market share during forecast period.
Based on Application, market is studied across Communication, Earth Observation & Meteorology, Mapping & Navigation, Scientific Research & Exploration, and Surveillance & Security. The Mapping & Navigation is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Civil, Commercial, and Defense. The Civil is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Small Satellite Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Small Satellite Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Small Satellite Market, highlighting leading vendors and their innovative profiles. These include Adcole Corporation, Aerospace Corporation, Airbus SE, Antrix Corporation Limited, Astro Digital Inc., Ball Corporation, Berlin Space Technologies GmbH, Blue Canyon Technologies, Inc., Capella Space Corp., EnduroSat AD, EXOLAUNCH GmbH, GeoOptics, Inc., GomSpace, Inmarsat Global Ltd., Iridium Communications Inc., L3 Harris Technologies, Inc., Lockheed Martin Corporation, Maxar Technologies Holdings Inc., Mitsubishi Electric Corporation, NaraSpace Inc., Northrop Grumman Corporation, OHB SE, Planet Labs Inc., Sierra Nevada Corporation, Singapore Technologies Engineering Ltd., Space Exploration Technologies Corporation, Spire Global, Inc., Surrey Satellite Technology Ltd., Thales Group, and The Boeing Company.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Small Satellite Market, by Type
7. Small Satellite Market, by Application
8. Small Satellite Market, by End-User
9. Americas Small Satellite Market
10. Asia-Pacific Small Satellite Market
11. Europe, Middle East & Africa Small Satellite Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Small Satellite Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Small Satellite Market?
3. What is the competitive strategic window for opportunities in the Small Satellite Market?
4. What are the technology trends and regulatory frameworks in the Small Satellite Market?
5. What is the market share of the leading vendors in the Small Satellite Market?
6. What modes and strategic moves are considered suitable for entering the Small Satellite Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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