Small satellites are satellites of low mass and size, usually under 500 kg (1,100 lb). While all such satellites can be referred to as "small", different classifications are used to categorize them based on mass. Satellites can be built small to reduce the large economic cost of launch vehicles and the costs associated with construction. Miniature satellites, especially in large numbers, may be more useful than fewer, larger ones for some purposes – for example, gathering of scientific data and radio relay.
Global Small Satellite industry shows a high concentration degree due to the high technical barriers. In terms of geography, North America is the largest production region with a 63.75% global market share in 2018, followed by Europe with 19.12%.
The Small Satellite market was valued at 566.1 Million US$ in 2018 and is projected to reach 1958.1 Million US$ by 2025, at a CAGR of 19.0% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Small Satellite.
This report presents the worldwide Small Satellite market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Lockheed Martin
Northrop Gruman
Raytheon
Dynetics
Surrey Satellite Technology
Axelspace
Sierra Nevada
Clyde Space
Planet Labs
Dauria Aerospace
CASC
Small Satellite Breakdown Data by Type
Microsatellite
Nanosatellite
Microsatellite takes no more than 30% market share of Small Satellite in 2018.
Nanosatellite has over 70% market share of Small Satellite in 2018, and it will hold the larger share in the whole market in the next years.
Small Satellite Breakdown Data by Application
National Security
Science & Environment
Commerce
Others
National Security is the main application of Small Satellite in 2018 over 40%, and it will hold the largest share in the next years.
The market share of Small Satellite of science and environment in 2018 is above 20%.
Commerce has about 25% market share of Small Satellite in 2018.
Small Satellite Production by Region
United States
Europe
China
Japan
Other regions
Small Satellite Consumption by Region
North America
United States
Canada
Mexico
Europe
Germany
France
UK
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Central & South America
Brazil
Middle East & Africa
Turkey
GCC Countries
Egypt
South Africa
The study objectives are:
To analyze and research the global Small Satellite status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Small Satellite manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Small Satellite :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Small Satellite market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Small Satellite . Industry analysis & Market Report on Small Satellite is a syndicated market report, published as Global Small Satellite Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Small Satellite market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.