Small Satellite Market Analysis | CMI

1

• Coherent Market Insights
• Market Research and Business Consulting Services
• https//www.coherentmarketinsights.com/
• COVID-19 Impact Tracker

2
SMALL SATELLITE MARKET ANALYSIS

• Small Satellite Market, by Satellite Size
  (Minisatellite, Microsatellite, Nanosatellite,
  Picosatellite, and Femtosatellite), by
  Application Type (Earth Observation,
  Telecommunication, Scientific Research,
  Technology Demonstration), by End User (Civil,
  Defense, Commercial, and Government) and by
  Region (North America, Europe, Asia Pacific, and
  LAMEA) - Size, Share, Outlook, and Opportunity
  Analysis, 2018-2026
• The global small satellite market is expected to
  witness significant growth during the forecast
  period (20182026). The growth is majorly
  attributed to development of advanced small
  satellites such as small sat express of HawkEye
  360 Inc, GTOSat-Cubesat mission and Asteria small
  satellite of NASA that are capable of performing
  a number of operations such as earth observatory
  and communication.

3
Market Drivers

• Increasing use of mobile phones, communication
  modules, data-based services, and GPS systems,
  owing to next-generation 4G/LTE networks is
  driving growth of the Small Satellite Market.
  These services are used by various sectors such
  as automotive, electronics, military, IT,
  communication, and others. For instance,
  according to a report published by Pew Research
  Center, in June 2017, 77 of the people in the
  U.S owned a smartphone in 2017, which accounted
  for a 35 compared to 2011.
• Majority of trade worldwide is carried by sea,
  which increases demand for small satellites for
  tracking ships with GPS. Moreover, several
  companies in the oil and gas transport,
  educational institutes, and private companies use
  GPS in official vehicles and tankers to locate
  their vehicles and maintain transparency.
  Therefore, these applications rely on small
  satellites for communication as a viable and
  cost-effective solution, which is expected to
  boost the market growth.

4
Market Opportunities

• Earth observatory segment is expected to witness
  considerable growth in the market over the
  forecast period
• Earth observatory small satellites are used to
  monitoring civil engineering projects, especially
  in rural or remote areas. Therefore, increasing
  development of spectral imaging technologies is
  expected to boost demand for small satellites
  over the forecast period. For instance, in 2014,
  Boeing received its first commercial order for
  the 502 Phoenix small satellite from HySpecIQ a
  high resolution hyperspectral imaging information
  provider based in Washington D.C. These
  satellites will carry the companys first
  high-resolution hyperspectral payload that is
  capable of providing high-fidelity spectral
  imaging by earth observatory.
• Similarly, in 2016, the National Oceanic and
  Atmospheric Administration (NOAA) signed a
  contract with Spire Global to collect and
  evaluate weather data across various regions.
  Spire Global and GeoOptics have developed GPS
  radio-based small satellites that can infer
  temperature, pressure, and humidity at various
  altitudes.

5
Figure . Global Small Satellite Market Share, by
Region (2017, )
6

• North America is expected to hold dominant
  position in the small satellite market over the
  forecast period
• Among Regions, North America held dominant
  position in the global small satellite market,
  accounting for 55 market share by value in 2017.
  The region is expected to retain its dominance in
  the market over the forecast period, owing to
  presence of major players such as National
  Aeronautics Space Association (NASA), Space
  Exploration Technologies Corp., and The Boeing
  Company.
• Increasing demand for weather forecast software
  such as AccuWeather, The Weather Channel, Yahoo
  Weather, and Google Weather is also expected to
  boost the market growth. The increase in demand
  is mainly attributed to growing air and sea
  transport services and weather monitoring
  services for disaster management. For instance,
  in December 2018 HawkEye 360, Inc. announced a
  successful launch of Pathfinder Mission cluster
  of three formation- flying small satellites. The
  satellites are tasked to collectively locate and
  sense radio emissions beamed from the ground,
  especially from the vehicles that are to be
  tracked.

7
Key Players

• Key players operating in the global small
  satellite market include, Harris Corporation
  Airbus Defense and Space, Boeing, Geooptics Inc.,
  Lockheed Martin Corporation, Millennium Space
  Systems Inc., Northrop Grumman Corporation, OHB
  AG, Oneweb Ltd, Planet Labs Inc., Sierra Nevada
  Corporation, Singapore Technologies Engineering
  Limited, Space Exploration Technologies Corp.
  (Space X), Surrey Satellite Technology Ltd., and
  Thales Alenia Space.

8

• Request Sample Report
• Request Customization
• Download PDF Brochure
• Talk to Analyst
• Reference https//www.coherentmarketinsights.com
  /market-insight/small-satellite-market-2512

9
About Us

• Coherent Market Insights is a global market
  intelligence and consulting organization focused
  on assisting our plethora of clients achieve
  transformational growth by helping them make
  critical business decisions.
• What we provide
• Customized Market Research Services
• Industry Analysis Services
• Business Consulting Services
• Market Intelligence Services
• Long term Engagement Model
• Country Specific Analysis

10
Contact Us

• Mr. Shah
• Coherent Market Insights Pvt.Ltd.
• Address 1001 4th Ave, 3200 Seattle, WA 98154,
  U.S.
• Phone [phone]
• Email sales_at_coherentmarketinsights.com

11

• Thank You!
• Kindly follow CMI Social Media Profiles
  for the latest company updates
• Facebook
• Linkedin
• Twitter
• https//www.coherentmarketinsights.com/