Small Satellite Market Size 2030 Trends and Growth, Segmentation and Key Companies with Impact of COVID-19 on Industry

Global Small Satellite Market is valued approximately at USD 3.53 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 20.83 % over the forecast period 2019-2026. The small satellite are the miniature versions of satellite which have lower mass and size which is generally under 500 kg as compared to satellites. These are built to reduce and save costs of launch vehicles and construction. These satellites are also more useful than their larger counterparts in purposes like gathering of scientific data and radio relay.

Further, rapid advancements in the space technology have made these small satellites potentially more viable for use in different industries like commercial, civil, government and military sector which has led the adoption of Small Satellite across the forecast period. Also, with the increasing focus on reducing mission costs at a substantial rate across the world is expected to fuel the demand for Small Satellites. However, the risk involved in the production of these small satellites including programmatic and scientific problems leading to launch failure will hinder the market growth. Although the high data rate communication trend with the small satellites providing efficient communication presents a huge opportunity for the small satellite market during the forecast period.

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In the statistics by Eurostat, the total value of the ICT sector including manufacturing and services of ICT in Europe, was estimated to be more than EUR 475 billion in the year 2017. Out of these, the ICT services sector accounted for the largest share. Moreover, the ICT services sector is predicted to be ten times larger than that of ICT manufacturing. On the other hand, the ICT services consist of computer programming, consultancy and related activities, along with telecommunication activities, out of which the former held about 49.1% share while the latter held around 30.3% share in the year 2017. These factors are estimated to impact positively towards the growth of the market in the next few years. According to the statistics by GSMA Intelligence, total cellular connections worldwide as of May 2020 was recorded to 10,18 billion.

As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.

The regional analysis of global Small Satellite market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the dominant participation of private players in small satellite developments and rising demand for these satellites to be used in earth observation related applications, surveillance activities in the defense sector fuel the market demand. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as surplus investments in the space technologies in the region with the Chinese leading the small satellite technology in the region and other countries like India, Japan and South Korea launching their own small satellites would create lucrative growth prospects for the Small Satellite market across Asia-Pacific region.

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Major market player included in this report are:
Orbital ATK (US) (acquired by Northrop Grumman Corporation, US)
OHB AG (Germany)
Airbus Defense and Space (France)
Harris Corporation (US) (now L3Harris)
Lockheed Martin Corporation (US)
Thales Alenia Space (France)
Sierra Nevada Corporation
The Aerospace Corporation
Planet Labs Inc.
Boeing

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Nanosatellite
Microsatellite
Minisatellite

By End User:
Civil
Defence
Commercial

By Application:
Earth Observation & Meteorology
Communication
Scientific Research & Exploration
Surveillance & Security
Mapping & Navigation

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Small Satellite Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investor 

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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1. Small Satellite Market, by Region, 2017-2026 (USD Billion)
1.2.2. Small Satellite Market, by Type, 2017-2026 (USD Billion)
1.2.3. Small Satellite Market, by End-User, 2017-2026 (USD Billion)
1.2.4. Small Satellite Market, by Application, 2017-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Small Satellite Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Small Satellite Market Dynamics
3.1. Small Satellite Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Small Satellite Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Small Satellite Market, by Type
5.1. Market Snapshot
5.2. Global Small Satellite Market by Type, Performance – Potential Analysis
5.3. Global Small Satellite Market Estimates & Forecasts by Type 2016-2026 (USD Billion)
5.4. Small Satellite Market, Sub Segment Analysis
5.4.1. Nanosatellite
5.4.2. Microsatellite
5.4.3. Minisatellite
Chapter 6. Global Small Satellite Market, by End-User
6.1. Market Snapshot
6.2. Global Small Satellite Market by End-User, Performance – Potential Analysis
6.3. Global Small Satellite Market Estimates & Forecasts by End-User 2016-2026 (USD Billion)
6.4. Small Satellite Market, Sub Segment Analysis
6.4.1. Civil
6.4.2. Defence
6.4.3. Commercial
Chapter 7. Global Small Satellite Market, by Application
7.1. Market Snapshot
7.2. Global Small Satellite Market by End-User Application, Performance – Potential Analysis
7.3. Global Small Satellite Market Estimates & Forecasts by End-User Application 2016-2026 (USD Billion)
7.4. Small Satellite Market, Sub Segment Analysis
7.4.1. Earth Observation & Meteorology Monitoring
7.4.2. Communication

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