Low-Cost Satellite Market Overview 2019 – by Size, Share, Growth of Industry in Competitive Landscape Performance Forecast Till 2023

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Global Low-Cost Satellite Market Overview:

Satellites are classified as low-Earth orbit (LEO) satellites, sun-synchronous orbit satellites, and geosynchronous-Earth orbit (GEO) satellites, according to the orbit they are in. Based on the size, the satellites are categorized as large, medium-sized, and small satellites. The small satellites comprise of the low-cost satellites such as micro-, nano-, pico-, and femto- satellites. The larger (conventional) satellites were powered by the chemical propulsion systems, which increased their overall weight, launch costs, and reduced their payload bearing capabilities. As a result, the satellite operators have been focusing on the research on alternative propulsion technologies. However, in the recent years, with the growing demand for small satellites (such as the micro-, nano-, pico-, and femto- satellites), which weigh under 1,100 lbs, there has been a high requirement of cheaper launch vehicles. As a result, electric propulsion technologies are widely implemented to power such low-cost small satellites.

Low-Cost Satellite Market Segmentaiton:

The global low-cost satellite market has been segmented by satellite type, function, end-user, and region. Based on satellite type, the low-cost satellite market is divided into nano satellite, micro satellite, and others. In 2017, the microsatellite segment accounted for the largest market share and it is expected that the nanosatellite segment would witness the fastest market growth, during the forecast period. Based on function, the low-cost satellite market is divided into communication, imaging, and others. In 2017, the communication segment accounted for the largest market share and it is also expected to witness the fastest market growth, during the forecast period. Based on end-user, the low-cost satellite market is divided into commercial and military. In 2017, the commercial segment accounted for the largest market share and it is expected that the military segment would witness the fastest market growth, during the forecast period.

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On the basis of region, the global low-cost satellite market has also been segmented into three regions, namely, Americas, Europe Middle East & Africa, and Asia-Pacific. North America had the largest share of the market in 2017, primarily due to the presence of the major companies such as SpaceX, Lockheed Martin Corporation, and Planet Labs Inc. in the region. The countries such as the US, Canada, Brazil, and Mexico are the major markets for space-based programs, in the region, as these countries have advanced infrastructures and are involved in various space programs. Similarly, Asia-Pacific is expected to be fastest growing region for the low-cost satellite market, during the forecast period. This is primarily due to the increasing technological capabilities and extensive investments on satellite systems and services, particularly in China, Japan, and India. Therefore, the global low-cost satellite market is estimated to register a CAGR of approximately 8% during the forecast period of 2018 to 2023.

Intended Audience:

  • Satellite manufacturers
  • Satellite component suppliers
  • Meteorologists
  • Industrialists
  • Defense authorities
  • Government organizations
  • Regulatory bodies
  • Research institutes

Low-Cost Satellite Market Key Players:

The key players in the global low-cost satellite market are Dauria Aerospace (Russia), SpaceX (US), Geooptics Inc. (US), OHB AG (Germany), OneWeb (US), Lockheed Martin Corporation (US), Axelspace Corporation (Japan), Planet Labs Inc. (US), Sierra Nevada Corporation (US), and Spire Global Inc. (US).

The report on global low-cost satellite market by Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of the qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report offers a clear picture of the current market scenario, which includes the historical and forecast market size, in terms of value, and the technological, macroeconomic, and governing factors of the market. The report also provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

Table Of Contents:

1. Executive Summary

2. Scope Of The Report

2.1. Market Definition

2.2. Scope Of The Study

2.3. Market Structure

2.4. Key Takeaways

2.5. Key Buying Criteria

3. Research Methodology

List Of Tables:

Table 1 Global Low-Cost Satellite Market, By Region, 2018–2023

Table 2 Americas: Low-Cost Satellite Market, By Country, 2018–2023

Table 3 Europe Middle East & Africa: Low-Cost Satellite Market, By Country, 2018–2023

Table 4 Asia-Pacific: Low-Cost Satellite Market, By Country, 2018–2023

Table 5 Global Low-Cost Satellite Market, By Satellite Type, 2018–2023

Table 6 Americas: Low-Cost Satellite Market, By Satellite Type, 2018–2023

Table 7 Europe Middle East & Africa: Low-Cost Satellite Market, By Satellite Type, 2018–2023

Table 8 Asia-Pacific: Low-Cost Satellite Market, By Satellite Type, 2018–2023

Table 9 Americas: Low-Cost Satellite Market, By Function, 2018–2023

Table 10 Europe Middle East & Africa: Low-Cost Satellite Market, By Function, 2018–2023

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