Small Satellite Market Overview by Industry, Share, Trend & Forecast (2021-2026) - PowerPoint PPT Presentation

About This Presentation
Title:

Small Satellite Market Overview by Industry, Share, Trend & Forecast (2021-2026)

Description:

The small satellite market is projected to grow from USD 3.1 billion in 2021 to USD 7.4 billion by 2026, at a CAGR of 19.4 %. – PowerPoint PPT presentation

Number of Views:1
Slides: 4
Provided by: sandeeproy
Tags:

less

Transcript and Presenter's Notes

Title: Small Satellite Market Overview by Industry, Share, Trend & Forecast (2021-2026)


1
Small Satellite Market Growth Factors, Trends
Analysis Forecast Report till 2026
The report "Small Satellite Market by Satellite
Mass (Small satellite, CubeSat), Application
(Communication, Earth Observation Remote
Sensing, Scientific, Technology), Subsystem,
Orbit, End User, Frequency and Region - Forecast
to 2026" size is estimated to be USD 3.1 Bn in
2020 and projected to reach USD 7.4 Bn by 2026,
at a CAGR of 19.4. Small satellites are
miniaturized and cost-effective they are
designed for commercial, communication, and
space research purposes. According to NASA,
small satellites are classified according to
their mass in kilograms (kg). The mass of small
satellites can be considered below 500
kg. Download PDF Brochure _at_ https//www.marketsand
markets.com/pdfdownloadNew.asp?id150947396 These
satellites are used for Earth observation
remote sensing, communication, mapping
navigation, surveillance security, meteorology,
scientific research exploration, space
observation, and various other applications by
the military, commercial, and government
verticals. Key Market Players The Small satellite
is dominated by a few globally established
players such as Thales Group (France), L3Harris
Technologies (US), Honeywell International Inc.
(US), Lockheed Martin (US), Northrop Grumman
(US), Airbus (Germany) among others, which are
the key manufacturers that secured small
satellite system contracts in the last few
years. Major focus was given to the contracts and
new product development due to the changing
requirements of commercial, government and
military space users across the world. Based
on platform, the commercial segment is estimated
to lead the small satellite market from 2021 to
2026.
2
The commercial segment includes companies using sm
all satellites for imaging, and agricultural monit
oring.
communications, Earth observation,
Telecommunication players like OneWeb are
currently using small satellites to provide
Internet access to the world at the same speed as
fiber-optic cables. This was not possible
through conventional satellites. The satellite
operators/owners segment is estimated to account
for the largest share of the small satellite
market for the commercial sector. The growth of
the satellite operators/owners segment is due to
rising investments from the private sector in
space research and satellite communication
services. Based on satellite mass, the small
satellite segment is expected to lead the small
satellite market from 2021 to 2026. Based on
mass, the small satellite segment is further
segmented into minisatellites, microsatellites,
nanosatellites. Constant innovation and
technological advances of miniaturizations of
electronics are expected to boost the commercial
sector significantly in the proportion of
nanosatellite launches. It is expected that the
demand for nanosatellite services from across the
verticals will increase tremendously over the
next few years. Based on region, North America is
expected to lead the small satellite market from
2021 to 2026. The US is a lucrative market for
small satellite systems in the North American
region. The US government is increasingly
investing in advanced small satellite
technologies to enhance the quality and
effectiveness of satellite communication. Ask for
Sample Report _at_ https//www.marketsandmarkets.com/
requestsampleNew.asp?id150947396
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. MarketsandMarketss flagship
competitive intelligence and market research
platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper
understanding of the unmet insights along with
market sizing and forecasts of niche markets.
3
Contact Mr. Aashish Mehra MarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441
Write a Comment
User Comments (0)
About PowerShow.com