Global Small Satellite Market Research Report And Industry Insight - Market Research Report

A latest research report titled as ”Global Small Satellite Market Research Report And Industry Insight” has been recently added to the vast portfolio of Market Research Hub (MRH) online research offerings. This report is a professional and in-depth analysis on the present state and future prospect for the global market. It provides valuable information to the industry insiders, potential entrants or investors. It includes an exhaustive enquiry with the reliability of logic and the comprehensiveness of contents.

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The small satellite market has been estimated to be worth USD 2.22 Billion in 2016 and is projected to be valued at USD 5.32 Billion by 2021, registering a CAGR of 19.14% during the forecast period. This report covers the forecast of the small satellite market and its dynamics over the next five years, while also recognizing market application gaps, evolving technologies, recent developments in the market, and high potential geographic regions and countries. In this report, 2015 has been considered as the base year and forecast period is between 2016 and 2021.

The small satellite market has been analysed on the basis of four segments, which include by type, by application, by end-users, and by region. The increase in the number of application areas, growth in investments from the Silicon Valley as well as superior mission launches are other factors fueling the growth of small satellites.

The research methodology used to estimate and forecast the small satellite market begins with capturing data on key small satellite revenues through secondary research. The bottom-up procedure was employed to arrive at the overall market size of the small satellite market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

According to SpaceWorks Forecast – which maintains an extensive database of existing and future satellites with masses ranging between 0 kg and 10,000+ kg – it has been planned by multiple companies to launch thousands of commercial small satellites over the next 15 years. Recent investments (in billions of dollars) in various ventures pertaining to small satellites confirm the continued interest of the commercial sector in the space industry. Small Satellite systems are likely to assume significant roles in the space industry. They have various applications especially in communications, security, meteorology, earth observation, research and exploration, navigation and surveillance. Earth observation and meteorology is likely to demonstrate a higher contribution in the global small satellite market.

Global Small Satellite Market: Drivers

The question if the small satellite technology is complementary or disruptive could be answered based on the below aspects, which drive the growth of the global small satellite market:

Interest in small satellites has been growing since the late 90’s when the space industry was considered capital intensive and for few investors risky owing to the downfall of several satellite communication companies.
The detraction of bulky satellite components and standardisation of several satellite parts and features have resulted in substantial trimming of costs associated with the projects. This has increased the feasibility building, operating and launching of the Smallsats or small satellites.
Government aid in terms of finance in the research and development activities of small satellites has given tremendous support to the industry wherein new developments are possible, which trigger the growth of the global small satellite market.
Geospatial technology which uses earth-imaging small satellite for different purposes such as agriculture, mapping, intelligence, navigation and so on has driven the commercial sector, which again contributes to the growth of the global small satellite market.
Another important aspect which drives the growth rate of the small satellite market is the capability of small satellites to plug new people and the global web-based market which in turn enables new business models and success rates.
Moreover, owing to low masses, several small satellites could be launched on a single launcher at cheaper rates.
Other advantages like robust propulsion, very accurate pointing, high data capability, substantial launching and very large apertures contribute to the growth of the global small satellite market.
Global Small Satellite Market: Opportunities

Compared to Smallsats, larger satellites incur high costs with regards to components, launching vehicles, maintenance and expensive parts. Also, they cannot be utilised to accomplish certain missions. Here lies the biggest opportunity for small satellites that can accomplish missions such as:

Data gathering from multiple points simultaneously using different formations
Inspection of larger satellites within the orbit (also called in-orbit inspection)
University related research purposes
Low data rate communications
Global Small Satellite Market: Restraints

The overall growth of the global small satellite market could be affected by restraining factors such as lack of dedicated launch vehicles, design related restrictions, programmatic risks, scientific risks and costs. The potential benefits of the small satellite approach requires innovations in the programmatic styles. This emphasises the fact that small satellite programmes could also be costly and have slower implementation.

There are hidden costs associated with the system. The human related hidden costs are more prominent even in such an exciting work environment as it could take a toll on the workers to work for extra hours doing intense activity and dealing with strong pressures to ensure success. This reluctance from the management side could result in increased turnover issues and increased learning curve costs when new teams are incorporated.

Global Small Satellite Market: Key Regions

North America dominates the global small satellite market. Europe is second in the list followed by APAC and Rest of the World (RoW). North America is expected to remain in the 1st position in terms of market value share in the global small satellite market during the forecast period. APAC is also expected to show growth during the forecast period owing to the strong growth in countries like China and Japan. In 2014, India had contributed to the global market by launching commercial satellites into space at lower costs. This has prompted China to fast track the commercialisation of its rocket launches and give a push to the global small satellite market.

Global Small Satellite Market: Market Players

Some companies operating in the global small satellite marketincludeSierra Nevada Corporation, ST Engineering Limited, Boeing, Surrey Satellite Technology Ltd., and Planet Labs.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.

The report covers exhaustive analysis on:

Market Segments

Market Dynamics

Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies involved

Technology

Value Chain

Regional analysis includes:

North America (U.S., Canada)

Latin America (Mexico. Brazil)

Western Europe (Germany, Italy, France, U.K, Spain)

Eastern Europe (Poland, Russia)

Asia Pacific (China, India, ASEAN, Australia & New Zealand)

Japan

Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Browse Full Report With TOC: http://www.marketresearchhub.com/report/global-small-satellite-market-research-report-2017-report.html

Report Highlights:

Detailed overview of parent market

Changing market dynamics in the industry

In-depth market segmentation

Historical, current and projected market size in terms of volume and value

Recent industry trends and developments

Competitive landscape

Strategies of key players and products offered

Potential and niche segments, geographical regions exhibiting promising growth

A neutral perspective on market performance

Must-have information for market players to sustain and enhance their market footprint.

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