Stratview Research publishes a new report titled Small Satellites Market which is segmented by Type (Minisatellite, Microsatellite, Nanosatellite, and Picosatellite), Application Type (Earth Observation, Technology Development, Communications, and Scientific), Operator Type (Commercial, Government, Civil, and Military), and Region (North America, Europe, Asia-Pacific, and Rest of the World).
Market Insights
The small satellites market grew from USD 763.7mn in 2017 to USD 4657.0 million in 2022, exhibiting a growth of 500%. Also, it estimates that in the coming 5 years, the market will reach USD 8,456.3 million, almost double what it is in the year 2022.
Miniaturized satellites having a wet mass of under 500 KG are considered under the small satellites category. The weight of the small satellites varies as per the components and sensors installed in them. These satellites have a shorter development team and cycles; thus, can be developed and launched at a lower cost in comparison to traditional large satellites.
The number of small satellites launched in the past few years has surged substantially owing to its low cost, easier launch vehicle integration, and technological developments. SpaceX’s robust plan of launching about 12,000 satellites in the Starlink constellation, of which half of them are targeted to be launched by end of 2024, is signalling a highly optimistic near-term outlook of the industry, especially of small satellite ones.
Global Small Satellites Market Report Segments:
The market is segmented into the following categories.
By Type
- Minisatellite
- Microsatellite
- Nanosatellite
- Picosatellite
By Application
- Earth observation
- Technology Development
- Communications
- Scientific
- Others
By Operator Type
- Commercial
- Government
- Civil
- Military
By Region
- North America (Country Analysis: The USA, Canada)
- Europe (Country Analysis: Germany, the UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Argentina and Others)
Why is this report beneficial?
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
It also offers –
- Market Overview
- Key Manufacturers Profiles
- Market Analysis by Region
- Market Segment by Type
- Market Segment by Application
- Raw Material and Supply Chain
- Other Key Research Findings
All the data compiled by the market experts is the outcome of rigorous primary and secondary research conducted on the market players and reliable sources, including company white papers, journals, press releases, and more.
Key players active in the market –
The following are some of the key players in the Small Satellites Market:
- SpaceX
- OneWeb Satellites
- Planet Labs Inc.
- Chang Guang Satellite Technology Co., Ltd.
- Kepler Communications Inc.
- Satellogic
- Spire Global
- Surrey Satellite Technology Ltd. (SSTL)
- Swarm Technologies, Inc.
Customization of the report –
At Stratview Research, the market researchers make a note of opportunities, drawbacks/bottlenecks, estimations, and information related to the market using experienced skills and verified methodologies. Our research reports offer an exceptional experience of innovative solutions and outcomes to the users. If required, user can also opt for customization of the report.
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