The global market for small satellite is estimated at USD 1,986 million in 2016 and is projected to reach USD 4,364 million by the end of 2021, at a substantial CAGR of 17.05% during the period 2016-2021.
The market for small satellite is growing at a very fast rate primarily driven by increased investment in space science, growing demand for high resolution earth imaging and rise in the number of government space missions. The global market for small satellite is estimated at USD 1,986 million in 2016 and is projected to reach USD 4,364 million by the end of 2021, at a substantial CAGR of 17.05% during the period 2016-2021.
Mini satellite dominates the global satellite market followed by micro satellites in 2016. However, Nanosatellite is expected to grow at the highest rate during the forecast period owing to less stringent regulations, less complex manufacturing process and low cost.
Earth Observation and meteorology segment is estimated to hold the largest share in the small satellite market during the forecast period owing to the fact that these satellites are capable of monitoring situations such as cyclones, hurricanes, earthquakes, powerplant disasters, storms, volcanic activities, among others.
The commercial small satellite market is projected to grow at the highest rate during the forecast period due to increase investment in R&D by corporates. Demand for satellite based navigation system and internet services will propel the growth of the commercial small satellite market during the forecast period.
The small satellite market is dominated by the North American followed by Asia-Pacific, Europe and ROW. North American region will continue to dominate and holds the largest market share in the global small satellite market during the forecast period.
The growth of small satellite market in the North American region is attributed to the increasing focus towards reducing the space mission costs as well as the growing demand for earth imaging.
This research report on small satellite market provides in-depth analysis of the global market based on type, end-user, application and major geographies for the period from 2016 to 2021. The report highlights the major market drivers pushing the growth and challenges faced by market participants.
The research report provides market size and forecast for small satellite market. The report also analyses the competitive landscape and the major player and their market share in 2016.
The competitive landscape section of the report also captures and highlights the recent development in the market.
The report also profiles the major companies active in this field, including Boeing Co., Sierra Nevada Corporation, Lockheed Martin Corporation, Aerospace Corp., Spire Global Inc., SpaceX, Harris Corporation, Airbus Defence and Space, GeoOptics, Millennium Space Systems
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The global small satellite market is segmented on the basis of type, end-user, application and geography:
Global Small Satellite Market by Type
Global Small Satellite Market by End-User
Global Small Satellite Market by Application
- Earth Observation & Meteorology
- Scientific Research & Exploration
- Mapping & Navigation
- Surveillance & Security
Global Small Satellite Market by Region
- North America
Global Small Satellite Market by Country
Global Small Satellite Market Competitive Landscape
- Major Players and their Market Share Analysis
- New product launches
- Mergers and acquisitions
- Collaborations, partnerships, agreements and joint ventures
Table Of Contents
- Executive Summary
2.1 Study Objectives
2.2. Scope of the study
2.2.1. Market Covered
2.2.2. Geographical Coverage
2.2.3. Forecast Data
2.3. Research Methodology
- Small Satellite Market Overview
3.2. Market Segmentation
3.3. Value Chain Analysis
3.4. Market Drivers
3.5. Market Restraints/Inhibitors
3.6. Market Attractiveness and Technology Trend
- Small Satellite Market by Type
- Small Satellite Market by End-User
- Small Satellite Market by Application
6.2. Earth Observation & Meteorology
6.3. Scientific Research & Exploration
6.4. Mapping & Navigation
6.5. Surveillance & Security
- Small Satellite Market by Geography
7.1. North America
7.1.1. United States
7.4. Rest of the World
- Competitive Landscape
8.1 Industry Attractiveness
126.96.36.199. Porter 5 Analysis
8.2. Major players and their market share analysis
8.3. New product launches
8.4. Mergers and acquisitions
8.5. Collaborations, partnerships, agreements and joint ventures
- Company Profiles
9.1. Boeing Co.
9.1.2. Primary business
9.1.3. Financial analysis
9.1.4. Products and services
9.2. Sierra Nevada Corporation
9.2.2. Primary business
9.2.3. Financial analysis
9.2.4. Products and services
9.3. Lockheed Martin Corporation
9.3.2. Primary business
9.3.3. Financial analysis
9.3.4. Products and services
9.4. Aerospace Corp.
9.4.2. Primary business
9.4.3. Financial analysis
9.4.4. Products and services
9.5. Spire Global Inc.
9.5.2. Primary business
9.5.3. Financial analysis
9.5.4. Products and services
9.6.2. Primary business
9.6.3. Financial analysis
9.6.4. Products and services
9.7. Harris Corporation
9.7.2. Primary business
9.7.3. Financial analysis
9.7.4. Products and services
9.8. Airbus Defence and Space
9.8.2. Primary business
9.8.3. Financial analysis
9.8.4. Products and services
9.9.2. Primary business
9.9.3. Financial analysis
9.9.4. Products and services
9.10. Millennium Space Systems
9.10.2. Primary business
9.10.3. Financial analysis
9.10.4. Products and services
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