Small Satellite Market In-depth Study of the Market with Growth Factors, Uses, Applications, Key players, Trends and Forecasts

Global Small Satellite Market Trends, Analysis, And Forecast
To 2025
Small satellites, also known as miniaturized satellites are satellites of small size and low mass generally
below 500 kg. The main advantage offered by the small satellites is associated with the cost of launching
the satellites and the low construction cost. Small satellites if used in more numbers prove more effective
and economical as compared to the larger satellites used in fewer numbers. One of the technical restraints
in the construction of small satellites is the absence of appropriate storage for power supply and propulsion
system. The global small satellite market is analyzed to witness substantial growth over the forecast period.
Technological advancements and a wide array of applications in various markets have attracted many
commercial and government investments in small satellites. Small satellites are extensively used in
navigation systems, crop monitoring, human migration, weather forecasts, ariel photography, earth
observation and military purposes. Small satellites are also used for tactical communication, medium
resolution imagery, technology development, geospace and atmospheric research.
The small satellite market is driven by the increasing demand for satellite miniaturization across the globe.
The increased focus on reducing the mission cost is anticipated to boost the global small satellite market
over the forecast period. In addition to this, the huge investment in major key players in small satellite
market is expected to augment the demand for small satellite over the forecast period. The lack of vehicles
to launch the small satellites to space is projected to restrain the growth of small satellite market. In
addition, the scientific and programmatic risk involved in small satellites is expected to hamper the growth
of small satellite market in the recent years. The increased demand for big data is anticipated to bring in
new opportunities for major players in small satellites market.
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The small satellite market is bifurcated on the basis of type, end-use, and application. The market is
segmented based on type as Nano satellite, micro satellite, and mini satellite. The small satellite market is
segmented by end-use as commercial, civil and defense. The global small satellite market is bifurcated
based on the application as communication, scientific research and exploration, mapping and navigating
earth observation and meteorology, and surveillance and security.

The market for small satellite is analyzed based on five regions namely North America, Europe, Asia-
Pacific, Latin America and Middle East. North America dominated the small satellite market in the current
year because of the increased demand from defense sector in this region. Asia-Pacific and Europe are also
expected to contribute a significant share in the global small satellite market. Middle East is projected to
witness moderate growth in the global small satellite market. Some key players in the small satellite market
Sierra Nevada Corporation, SpaceX, Surrey Satellite technologies Ltd., ST Engineering Limited, Airbus
Defense and space, Planet Labs, GeoOptics Inc., Northrop Grumman Corporation, and Oneweb Ltd. The
major players in the global small satellite market have adopted the strategy of mergers and agreements so
as to sustain their significant market share. This has helped the companies to extend their services to
different regions.
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