September 29th, 2021
Global Small Satellite Market
The GMI Research contemplates that the Small Satellite Market will increase at a notable rate in demand over the forecast period. This is because of the prevalence of leading market players, increasing investment in the development of satellites by various government bodies, and their mounting demand for domestic and commercial purposes.
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Introduction of the Small Satellite Market
Small satellites are economical, smarter, and lighter satellites that can be set up on a rocket along with a larger payload and emancipated from a mobile launcher on the International Space Station (ISS). They are majorly operated in LEO that is (low-Earth-orbit), elevated from approximately 160 to 2,000 km.
Key Players of Market:
· Sierra Nevada Corporation (SNC)
· Millennium Space Systems Inc.
· Thales Alenia Space
· Geooptics Inc.
· Harris Corporation
· Spire Global
· Airbus Defence & Space
· Lockheed Martin Corporation
· OHB AG
Small Satellite Market Dynamics
The factors impelling the growth of the global small satellite market include the aggravating demand for high clarity earth imaging, rising investment in space science, and accelerating number of operations by government authorities. In addition, the rising demand for small satellites for transmission purposes, soaring requirement for introducing payloads as well as the stimulating execution of committed vehicles for small satellites are proliferating the market growth. Furthermore, small satellites that have the potential of offering superior observations about the earth are largely used in various sectors such as energy, agriculture, civil engineering, and oil & gas, which is further stimulated small satellite market size.
Type Segment Drivers
On the basis of type, nanosatellites are predicted to bolster at the highest rate over the coming years. They provide a faster, economical, and dependable approach to space. These satellites are used for various space operations such as disaster management, environmental supervision, scientific research and investigation, military intelligence, communication, and navigation. Besides this, the less rigorous norms, lack of complications in the manufacturing process, and cheaper value are bolstering the small satellite market opportunities.
Application Segment Drivers
Based on the application, Earth Observation & Meteorology is contemplated to capture the highest share due to their raised demand across domestic, civil, and military uses globally. As per the small satellite market report, these satellites have the potential to supervise situations such as hurricanes, cyclones, earthquakes, powerplant disasters, volcanic activities, and storms which drive the market share.
Small Satellite Market Segmentation:
Segmentation by Type
Segmentation by End-User
Segmentation by Application
· Earth Observation & Meteorology
· Scientific Research & Exploration
· Mapping & Navigation
· Surveillance & Security
Segmentation by Subsystem
· Solar Panels & Antenna Systems
· Electrical Power Systems
· Command & Data Handling (C&DH)
· Attitude Determination & Control Systems
· Propulsion Systems
Segmentation by Region:
o United Kingdom
o Rest of Europe
· Asia Pacific
o Rest of APAC
· North America
o United States of America
o South Africa
o Saudi Arabia
About GMI Research
The consulting and research company offering different enterprises with perceptions about business and research reports using internal and external databases. The research team of GMI organisation gathers all the material information about distinct industries with the concentration on providing précised information about the approaching opportunities and challenges. The team of experts assists clients in acknowledging the effect of share, size, drivers, growth opportunities, and other dynamics. The organisation got listed as the most promising research organisation in 2018’s Silicon Indian Magazine.
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