Small Satellite Market Research Report

 

Global Small Satellite Market

The GMI Research contemplates that the Small Satellite Market will increase at a notable rate in demand over the forecast period. This is because of the prevalence of leading market players, increasing investment in the development of satellites by various government bodies, and their mounting demand for domestic and commercial purposes.

Request a free sample of this report

Introduction of the Small Satellite Market

Small satellites are economical, smarter, and lighter satellites that can be set up on a rocket along with a larger payload and emancipated from a mobile launcher on the International Space Station (ISS). They are majorly operated in LEO that is (low-Earth-orbit), elevated from approximately 160 to 2,000 km.

Key Players of Market:

  • Sierra Nevada Corporation (SNC)
  • Boeing
  • Millennium Space Systems Inc.
  • Thales Alenia Space
  • Geooptics Inc.
  • Harris Corporation
  • Spire Global
  • Airbus Defence & Space
  • Lockheed Martin Corporation
  • OHB AG

Small Satellite Market Dynamics

The factors impelling the growth of the global small satellite market include the aggravating demand for high clarity earth imaging, rising investment in space science, and accelerating number of operations by government authorities. In addition, the rising demand for small satellites for transmission purposes, soaring requirement for introducing payloads as well as the stimulating execution of committed vehicles for small satellites are proliferating the market growth. Furthermore, small satellites that have the potential of offering superior observations about the earth are largely used in various sectors such as energy, agriculture, civil engineering, and oil & gas, which is further stimulated small satellite market size.

Type Segment Drivers

On the basis of type, nanosatellites are predicted to bolster at the highest rate over the coming years. They provide a faster, economical, and dependable approach to space. These satellites are used for various space operations such as disaster management, environmental supervision, scientific research and investigation, military intelligence, communication, and navigation. Besides this, the less rigorous norms, lack of complications in the manufacturing process, and cheaper value are bolstering the small satellite market opportunities.

Application Segment Drivers

Based on the application, Earth Observation & Meteorology is contemplated to capture the highest share due to their raised demand across domestic, civil, and military uses globally. As per the small satellite market report, these satellites have the potential to supervise situations such as hurricanes, cyclones, earthquakes, powerplant disasters, volcanic activities, and storms which drive the market share.

Small Satellite Market Segmentation:

Segmentation by Type
  • Nanosatellite
  • Microsatellite
  • Minisatellite
Segmentation by End-User
  • Civil
  • Defense
  • Commercial
Segmentation by Application
  • Earth Observation & Meteorology
  • Scientific Research & Exploration
  • Mapping & Navigation
  • Surveillance & Security
Segmentation by Subsystem
  • Structures
  • Payloads
  • Solar Panels & Antenna Systems
  • Electrical Power Systems
  • Command & Data Handling (C&DH)
  • Attitude Determination & Control Systems
  • Propulsion Systems
  • Others
Segmentation by Region:
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • RoW
    • UAE
    • Brazil
    • South Africa
    • Saudi Arabia

About GMI Research

The consulting and research company offering different enterprises with perceptions about business and research reports using internal and external databases. The research team of GMI organisation gathers all the material information about distinct industries with the concentration on providing précised information about the approaching  opportunities and challenges. The team of experts assists clients in acknowledging the effect of share, size, drivers, growth opportunities, and other dynamics. The organisation got listed as the most promising research organisation in 2018’s Silicon Indian Magazine.

 

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

For more info:

RFID Market

LiDAR Market

Data Center Colocation Market

Security Cameras Market

Diameter Signaling Market 

Global Security Market


Comments

Post a Comment

Popular posts from this blog

Seizing the Europe Smart Home Market Opportunity

Image
 The Europe smart home market presents a vast and promising opportunity for businesses and consumers alike. With advancements in technology, changing lifestyles, and increasing awareness about energy efficiency, the smart home industry in Europe is ripe with potential for growth and innovation. The opportunity in the Europe smart home market stems from several key factors. Firstly, the region boasts a large and affluent consumer base that is increasingly embracing connected technology to enhance their lifestyles. From smart thermostats and lighting systems to security cameras and voice-controlled assistants, the demand for smart home devices is on the rise across the continent. Moreover, supportive regulatory initiatives and incentives aimed at promoting energy efficiency and sustainability are creating a conducive environment for the adoption of smart home technology in Europe. Tax incentives, rebates, and subsidies for energy-efficient home upgrades are encouraging homeowners to inv
Read more

Unlocking Opportunities: GCC Medical Packaging Market Growth in 2024

Image
The GCC medical packaging market is poised for substantial growth in 2024, driven by factors such as technological advancements, increasing healthcare spending, and a focus on patient safety. The region's growing population, coupled with rising demand for quality healthcare services, is fueling the expansion of the medical packaging sector. Let's explore the key drivers and opportunities contributing to the growth of the GCC medical packaging market this year. One of the primary drivers of market growth is the continuous innovation in medical packaging technologies. Companies are investing in advanced packaging materials, designs, and functionalities to meet the evolving needs of healthcare providers and patients. Smart packaging solutions equipped with sensors, RFID tags, and tracking capabilities are enhancing product safety, supply chain visibility, and real-time monitoring. This technological progress is driving the adoption of intelligent packaging solutions and fueling m
Read more

Riding the Wave: India Wireless Earphone Market Surges Amidst Growing Demand

Image
 The India Wireless Earphone Market is witnessing remarkable growth, buoyed by an increasing demand for wireless audio solutions and a shift towards a wireless lifestyle. With consumers seeking convenience, mobility, and superior audio quality, wireless earphones have emerged as a must-have accessory in today's digital age, driving significant market expansion. One of the key drivers of growth in the India Wireless Earphone Market is the rising penetration of smartphones and smart devices. With smartphone ownership becoming ubiquitous across urban and rural areas, there is a growing need for wireless earphones that complement these devices seamlessly. As consumers look for hassle-free connectivity and on-the-go audio solutions, the demand for wireless earphones continues to surge, fueling market growth. Moreover, technological advancements in wireless audio technology are driving market expansion. Innovations such as true wireless earbuds, active noise cancellation, and advanced B
Read more