Small Satellite Market by Type (Nanosatellite, Microsatellite, Minisatellite), End User (Civil, Defense, Commercial), Application (Earth Observation & Meteorology, Communication, Scientific Research & Exploration) and Region- Global Forecast to 2022

  • ID: 4308777
  • Report
  • Region: Global
  • 165 Pages
  • Markets and Markets
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The Small Satellite Market is Estimated to be USD 2.92 Billion in 2017 and is Projected to Reach USD 7.53 Billion by 2022 at a CAGR of 20.83%

FEATURED COMPANIES

  • Aerospace Corporation
  • Boeing
  • Harris Corporation
  • Oneweb Ltd.
  • Planet Labs Inc.
  • Space Systems Loral
  • MORE

“Satellite miniaturization, and decline in development as well as launching cost are expected to drive the small satellite market”

The small satellite market is estimated to be USD 2.92 billion in 2017 and is projected to reach USD 7.53 billion by 2022, at a CAGR of 20.83% during the forecast period. Key factors such as proposed development of satellite networks to provide internet access to areas without broadband connectivity and satellite miniaturization are expected to fuel the growth of the small satellite market. However, factors such as lack of dedicated launch vehicles and design-related limitations may act as restraints for growth of the small satellite market.

“Based on type, the minisatellite segment is expected to lead the small satellite market while the nanosatellite segment is projected to grow at the highest rate during the forecast period”

Based on type, the minisatellite segment is estimated to lead the small satellite market during the forecast period. These satellites are used in various applications such as telecommunication, earth observation & meteorology, scientific research & exploration, mapping & navigation, and surveillance & security. The nanosatellite segment is projected to witness the highest growth. Low mission cost of nanosatellites has led to the adoption of these small satellites in the defense sector.

 “Based on end user, the commercial segment is expected to lead the small satellite market during the forecast period”

Based on end user, the commercial segment is estimated to lead the small satellite market during the forecast period, followed by the civic segment. Small satellites help commercial companies to gather global real-time data and distribute it at a surprisingly low price to their customers across a wide geographic area. Furthermore, advancements in terrestrial computing and the satellites ability to communicate with one another have helped to enhance small satellites’ usefulness in scientific research.

“North America is estimated to account for the largest share of the small satellite market in 2017”

North America led the small satellite market in 2016. The rising demand for small satellites in the defense sector is due to their use for surveillance activities, which ensures continued access to real-time data. The small satellite market in North America is expected to account for largest market share in 2017.

Break-up of profiles of primary participants in this report:

  • By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
  • By Designation: C Level – 35%, Director Level – 25%, Others – 40%
  • By Region: North America - 45%, Europe – 20%, Asia-Pacific – 30%, RoW – 5%

Key players profiled in the small satellite market report include Sierra Nevada Corporation (U.S.), Planet Labs (U.S.), Surrey Satellite Technology Ltd. (U.K.), Space Exploration Technologies Corporation (U.S.), Airbus Defense and Space (France), and Singapore Technologies Engineering Limited (Singapore), among others.

Research Coverage

The study segments the small satellite market on the basis of type, end user, and application, and maps these segments and subsegments across major regions, namely, North America, Europe, Asia-Pacific, and RoW. On the basis of type, the small satellite market has been segmented into nanosatellite, microsatellite, and minisatellite. On the basis of end user, the small satellite market has been segmented into civil, defense, and commercial. Based on application, the small satellite market has been segmented into earth observation & meteorology, communication, surveillance & security, scientific research & exploration, and mapping & navigation. The report provides in-depth market intelligence regarding market dynamics and major factors such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the small satellite market, along with analyzing micromarkets with respect to individual growth trends, future prospects, and their contribution to the small satellite market.

Reasons to Buy this Report:

From an insight perspective, this research report has focused on various levels of analyses — industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss basic views on competitive landscape, emerging and high growth segments of the small satellite market, high growth regions, and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on small satellite offerings by top players in the market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the small satellite market
  • Market Development: Comprehensive information about lucrative markets – the report analyzes the market for small satellite across regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the small satellite market
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the small satellite market
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FEATURED COMPANIES

  • Aerospace Corporation
  • Boeing
  • Harris Corporation
  • Oneweb Ltd.
  • Planet Labs Inc.
  • Space Systems Loral
  • MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency & Pricing
1.5 Study Limitations
1.6 Market Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Demand and Supply Side Analysis
2.2.1 Introduction
2.2.2 Demand-Side Indicators
2.2.2.1 Rising Applicability of Big Data
2.2.3 Supply-Side Indicators
2.2.3.1 Miniaturization of Electronics and Subcomponents Used in Small Satellites
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Market Breakdown & Data Triangulation
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Increasing Investments in the Small Satellite Market to Offer Several Untapped and Unexplored Opportunities
4.2 Europe: Small Satellite, By Type
4.3 Small Satellite, By Type
4.4 Small Satellite, By End User
4.5 Small Satellite, By Application
4.6 Small Satellite, By Region

5 Market Overview
5.1 Introduction
5.1.1 Market Evolution
5.2 Market Segmentation
5.2.1 By Type
5.2.2 By End User
5.2.3 By Application
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Satellite Miniaturization
5.3.1.2 Increasing Focus on Reducing Mission Cost
5.3.1.3 Huge Investments By Venture Companies in the Small Satellite Market
5.3.2 Restraints
5.3.2.1 Programmatic and Scientific Risks Involved in the Production of Small Satellites
5.3.2.2 Lack of Dedicated Launch Vehicles to Launch Small Satellites Into Space
5.3.2.3 Design-Related Limitations for Small Satellites
5.3.3 Opportunities
5.3.3.1 High Data Rate Communication
5.3.3.2 Proposed Development of Satellite Networks to Provide Internet Access to Areas Without Broadband Connectivity
5.3.4 Challenges
5.3.4.1 Radio Spectrum Availability Issues
5.3.4.1 Scarce Intellectual Asset
5.3.4.2 Increasing Number of Proposed Small Satellites May Lead to Regulatory Challenges

6 Industry Trends
6.1 Introduction
6.2 Supply Chain
6.3 Technology Trends
6.3.1 Use of Small Satellites to Provide Enhanced Space Imagery
6.3.2 Development of Small Satellite Constellations to Enhance Communication
6.3.3 Development of Dedicated Launch Vehicles for Small Satellites
6.3.4 Development of Small Satellites Using Additive Manufacturing Process
6.3.5 Increased Demand for Hosted Payloads
6.4 Emerging Trends
6.4.1 Technological Advancements in Earth Observation Services
6.4.2 Space Debris Removal
6.4.3 Technical Evolution in Pico & Femto Satellites
6.5 Venture Capital Funding
6.5.1 Innovation & Patent Registrations

7 Small Satellite Market, By Type
7.1 Introduction
7.2 Nanosatellite
7.3 Microsatellite
7.4 Minisatellite

8 Small Satellite Market,  By Application
8.1 Introduction
8.2 Earth Observation & Meteorology
8.3 Communication
8.4 Scientific Research & Exploration
8.5 Surveillance & Security
8.6 Mapping & Navigation

9 Small Satellite Market, By End User
9.1 Introduction
9.2 Civil
9.3 Commercial
9.4 Defense

10 Small Satellite Market, By Region
10.1 Introduction
10.2 North America
10.2.1 By Type
10.2.2 By Application
10.2.3 By End User
10.2.4 By Country
10.2.4.1 U.S.
10.2.4.1.1 By Type
10.2.4.1.2 By End User
10.2.4.2 Canada
10.2.4.2.1 By Type
10.2.4.2.2 By End User
10.3 Europe
10.3.1 By Type
10.3.2 By Application
10.3.3 By End User
10.3.4 By Country
10.3.4.1 Russia
10.3.4.1.1 By Type
10.3.4.1.2 By End User
10.3.4.2 France
10.3.4.2.1 By Type
10.3.4.2.2 By End User
10.3.4.3 U.K.
10.3.4.3.1 By Type
10.3.4.3.2 By End User
10.3.4.4 Germany
10.3.4.4.1 By Type
10.3.4.4.2 By End User
10.3.4.5 Italy
10.3.4.5.1 By Type
10.3.4.5.2 By End User
10.3.4.6 Rest of Europe
10.3.4.6.1 By Type
10.3.4.6.2 By End User
10.4 Asia-Pacific
10.4.1 By Type
10.4.2 By Application
10.4.3 By End User
10.4.4 By Country
10.4.4.1 China
10.4.4.1.1 By Type
10.4.4.1.2 By End User
10.4.4.2 Japan
10.4.4.2.1 By Type
10.4.4.2.2 By End User
10.4.4.3 India
10.4.4.3.1 By Type
10.4.4.3.2 By End User
10.4.4.4 South Korea
10.4.4.4.1 By Type
10.4.4.4.2 By End User
10.4.4.5 Rest of Asia-Pacific
10.4.4.5.1 By Type
10.4.4.5.2 By End User
10.5 Rest of the World (RoW)
10.5.1 By Type
10.5.2 By Application
10.5.3 By End User
10.5.4 By Region
10.5.4.1 The Middle East
10.5.4.1.1 By Type
10.5.4.1.2 By End User
10.5.4.2 South America
10.5.4.2.1 By Type
10.5.4.2.2 By End User
10.5.4.3 Africa
10.5.4.3.1 By Type
10.5.4.3.2 By End User

11 Competitive Landscape
11.1 Vendor Dive Overview
11.1.1 Vanguards
11.1.2 Innovators
11.1.3 Dynamic
11.1.4 Emerging
11.2 Competitive Benchmarking
11.2.1 Business Strategies Adopted By Major Players in the Small Satellite Market
11.2.2 Analysis of Product Portfolio of Major Players in the Small Satellite Market
11.3 Market Share Analysis of Market

12 Company Profile
(Overview, Financials, Products & Services, Strategy, and Developments)*
12.1 Sierra Nevada Corporation
12.2 Singapore Technologies Engineering Limited
12.3 Surrey Satellite Technology Ltd.
12.4 Planet Labs Inc.
12.5 Airbus Defense and Space
12.6 Northrop Grumman Corporation
12.7 Space Exploration Technologies Corp. (Space X)
12.8 Boeing
12.9 Thales Alenia Space
12.10 Millennium Space Systems Inc.
12.11 Lockheed Martin Corporation
12.12 Geooptics Inc.
12.13 Oneweb Ltd.
12.14 OHB AG
12.15 Harris Corporation
12.16 Spire Global Inc.
12.17 Aerospace Corporation
12.18 Orbital ATK
12.19 Space Systems Loral

*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Discussion Guide

List of Tables

Table 1 Small Satellite, By Type
Table 2 Small Satellite, By End User
Table 3 Small Satellite, By Application
Table 4 VC Funding Companies in the Satellite Industry (2015-2016)
Table 5 Innovation & Patent Registrations, 2010-2015
Table 6 Market Size, By Type, 2015-2022 (USD Million)
Table 7 Nanosatellite Market Size, By Region, 2015-2022 (USD Million)
Table 8 Microsatellite Market Size, By Region, 2015-2022 (USD Million)
Table 9 Minisatellite Market Size, By Region, 2015-2022 (USD Million)
Table 10 Small Satellite Size, By Application, 2015-2022 (USD Million)
Table 11 Small Satellite in Earth Observation & Meteorology, By Region,  2015-2022 (USD Million)
Table 12 Small Satellite in Communication, By Region, 2015-2022 (USD Million)
Table 13 Small Satellite in Scientific Research & Exploration, By Region,  2015-2022 (USD Million)
Table 14 Small Satellite Market in Surveillance & Security, By Region, 2015-2022 (USD Million)
Table 15 Small Satellite in Mapping & Navigation, By Region, 2015-2022 (USD Million)
Table 16 Small Satellite Size, By End User, 2015-2022 (USD Million)
Table 17 Small Satellite Market for Civil, By Region, 2015-2022 (USD Million)
Table 18 Small Satellite for Commercial, By Region, 2015-2022 (USD Million)
Table 19 Small Satellite for Defense, By Region, 2015-2022 (USD Million)
Table 20 Small Satellite Market Size, By Region, 2015-2022 (USD Million)
Table 21 North America Small Satellite Size, By Type, 2015-2022 (USD Million)
Table 22 North America Small Satellite Market Size, By Application, 2015-2022 (USD Million)
Table 23 North America Small Satellite Size, By End User, 2015-2022 (USD Million)
Table 24 North America Small Satellite Market Size, By Country, 2015-2022 (USD Million)
Table 25 U.S. Small Satellite Size, By Type, 2015-2022 (USD Million)
Table 26 U.S. Small Satellite Market Size, By End User, 2015-2022 (USD Million)
Table 27 Canada Small Satellite Size, By Type, 2015-2022 (USD Million)
Table 28 Canada Small Satellite Market Size, By End User, 2015-2022 (USD Million)
Table 29 Europe Small Satellite Size, By Type, 2015-2022 (USD Million)
Table 30 Europe Small Satellite Market Size, By Application, 2015-2022 (USD Million)
Table 31 Europe Small Satellite Size, By End User, 2015-2022 (USD Million)
Table 32 Europe Small Satellite Market Size, By Country, 2015-2022 (USD Million)
Table 33 Russia Small Satellite Size, By Type, 2015-2022 (USD Million)
Table 34 Russia Small Satellite Market Size, By End User, 2015-2022 (USD Million)
Table 35 France Small Satellite Size, By Type, 2015-2022 (USD Million)
Table 36 France Small Satellite Market Size, By End User, 2015-2022 (USD Million)
Table 37 U.K. Small Satellite Size, By Type, 2015-2022 (USD Million)
Table 38 U.K. Small Satellite Market Size, By End User, 2015-2022 (USD Million)
Table 39 Germany Small Satellite Size, By Type, 2015-2022 (USD Million)
Table 40 Germany Small Satellite Market Size, By End User, 2015-2022 (USD Million)
Table 41 Italy Small Satellite Size, By Type, 2015-2022 (USD Million)
Table 42 Italy Small Satellite Market Size, By End User, 2015-2022 (USD Million)
Table 43 Rest of Europe Small Satellite Size, By Type, 2015-2022 (USD Million)
Table 44 Rest of Europe Small Satellite Market Size, By End User, 2015-2022 (USD Million)
Table 45 Asia-Pacific Small Satellite Size, By Type, 2015-2022 (USD Million)
Table 46 Asia-Pacific Small Satellite Market Size, By Application, 2015-2022 (USD Million)
Table 47 Asia-Pacific Small Satellite Size, By End User, 2015-2022 (USD Million)
Table 48 Asia-Pacific Small Satellite Market Size, By Country, 2015-2022 (USD Million)
Table 49 China Small Satellite Size, By Type, 2015-2022 (USD Million)
Table 50 China Small Satellite Size, By End User, 2015-2022 (USD Million)
Table 51 Japan Small Satellite Market Size, By Type, 2015-2022 (USD Million)
Table 52 Japan Small Satellite Size, By End User, 2015-2022 (USD Million)
Table 53 India Small Satellite Market Size, By Type, 2015-2022 (USD Million)
Table 54 India Small Satellite Size, By End User, 2015-2022 (USD Million)
Table 55 South Korea Small Satellite Market Size, By Type, 2015-2022 (USD Million)
Table 56 South Korea Small Satellite Size, By End User, 2015-2022 (USD Million)
Table 57 Rest of Asia-Pacific Small Satellite Market Size, By Type, 2015-2022 (USD Million)
Table 58 Rest of Asia-Pacific Small Satellite Size, By End User, 2015-2022 (USD Million)
Table 59 RoW Market Size, By Type, 2015-2022 (USD Million)
Table 60 RoW Market Size, By Application, 2015-2022 (USD Million)
Table 61 RoW Small Satellite Size, By End User, 2015-2022 (USD Million)
Table 62 RoW Small Satellite Size, By Region, 2015-2022 (USD Million)
Table 63 The Middle East Small Satellite Market Size, By Type, 2015-2022 (USD Million)
Table 64 The Middle East Small Satellite Size, By End User, 2015-2022 (USD Million)
Table 65 South America Small Satellite Market Size, By Type, 2015-2022 (USD Million)
Table 66 South America Small Satellite Size, By End User, 2015-2022 (USD Million)
Table 67 Africa Small Satellite Market Size, By Type, 2015-2022 (USD Million)
Table 68 Africa Small Satellite Size, By End User, 2015-2022 (USD Million)

List of Figures

Figure 1 Small Satellite Market Segmentation
Figure 2 Research Flow
Figure 3 Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation
Figure 8 Assumptions of the Research Study
Figure 9 Regional Snapshot: Small Satellite Market
Figure 10 Nanosatellite Type Segment is Estimated to Grow at the Highest CAGR During the Forecast Period
Figure 11 Commercial End User Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 12 Earth Observation & Meteorology Application Segment is Estimated to Grow at the Highest CAGR During the Forecast Period
Figure 13 Attractive Growth Opportunities in the Small Satellite Market, 2017-2022
Figure 14 Russia and Minisatellite Segment are Estimated to Capture Highest Market Share in Europe: 2017
Figure 15 Minisatellite Segment Estimated to Lead the Small Satellite in 2017
Figure 16 Commercial Segment Projected to Lead the Small Satellite During the Forecast Period
Figure 17 Earth Observation & Meteorology Application Segment Projected to Lead the Small Satellite During the Forecast Period
Figure 18 North America Projected to Lead the Small Satellite During the Forecast Period
Figure 19 Market, By Type
Figure 20 Market, By End User
Figure 21 Market, By Application
Figure 22 Market Dynamics for Small Satellite
Figure 23 Nanosatellite & Cubsat Launched Worldwide, ( 2015- 2017)
Figure 24 Earth Observation Services, 2015
Figure 25 Small Satellite Size, By Type, 2017 & 2022 (USD Million)
Figure 26 Earth Observation & Meteorology Application Segment is Estimated to Grow at the Highest CAGR During the Forecast Period
Figure 27 Small Satellite Size, By End User, 2017 & 2022 (USD Million)
Figure 28 Geographic Snapshot: Small Satellite
Figure 29 North America Small Satellite Snapshot
Figure 30 Europe Small Satellite Snapshot
Figure 31 Asia-Pacific Small Satellite Snapshot
Figure 32 MnM Dive - Vendor Comparison Matrix
Figure 33 Small Satellite  Market Share Analysis (2017)
Figure 34 Singapore Technologies Engineering Limited: Company Snapshot
Figure 35 Airbus Group: Company Snapshot
Figure 36 Northrop Grumman Corporation: Company Snapshot
Figure 37 Boeing: Company Snapshot
Figure 38 Lockheed Martin Corporation: Company Snapshot
Figure 39 OHB AG: Company Snapshot
Figure 40 Harris Corporation: Company Snapshot
Figure 41 Orbital ATK: Company Snapshot
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  • Aerospace Corporation
  • Airbus Defense and Space
  • Boeing
  • Geooptics Inc.
  • Harris Corporation
  • Lockheed Martin Corporation
  • Millennium Space Systems Inc.
  • Northrop Grumman Corporation
  • OHB AG
  • Oneweb Ltd.
  • Orbital ATK
  • Planet Labs Inc.
  • Sierra Nevada Corporation
  • Singapore Technologies Engineering Limited
  • Space Exploration Technologies Corp. (Space X)
  • Space Systems Loral
  • Spire Global Inc.
  • Surrey Satellite Technology Ltd.
  • Thales Alenia Space
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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