Dublin, 8 March 2022 (GLOBE NEWSWIRE) – The Global Small Satellite Market report added to ResearchAndMarkets.com’s supply.
The market for small satellites is projected to grow from $ 3.1 billion in 2021 to $ 7.4 billion by 2026, with a CAGR of 19.4%.
Small satellite systems have huge potential for small satellite data service providers, small satellite service providers, remote monitoring service providers, technical service providers and investors. The market is one of the most lucrative verticals in the space industry. Factors such as flexibility, low cost, advanced mechanics, ease of assembly and start-up, mass production and short life cycle have led to investment in the small satellite market. The amount of satellite data and the range of applications for this data will continue to grow in the future as new technologies evolve and more satellites appear online.
The small satellite market is dominated by several globally established players such as Thales Group (France), L3Harris Technologies (USA), Honeywell International Inc. (USA), Lockheed Martin (USA), Northrop Grumman (USA), Airbus (Germany), among others. These players have spread their business to various countries, including North America, Europe, the Asia-Pacific region, the Middle East and Africa, and Latin America. COVID-19 has affected the growth of the small satellite to some extent, and this varies from country to country. Industry experts say the pandemic has not affected demand for small-scale satellite systems in the commercial, government and military sectors.
Based on the platform, the retail segment is expected to lead the market for small satellites from 2021 to 2026.
It is projected to grow further due to the growing need for communications, land surveillance, imaging and agricultural surveillance. Companies such as Pumpkin Space (USA) use small satellites for scientific experiments, such as testing new technologies such as sleep-capable batteries (BM-2). BUSEK Space Propulsion and Systems (USA) is another company focused on developing new propulsion systems such as pulsed plasma thrusters, green monopropellant thrusters and electrothermal motors. In 2019, OneWeb Satellites, a joint venture between OneWeb and Airbus SE, launched about 34 satellites for the constellation OneWeb from Baikonur, Kazakhstan.
Based on the mass of satellites, the small satellite segment is expected to lead the small satellite market from 2021 to 2026.
A small satellite is a type of compact satellite with a small mass, used mainly for remote sensing, Earth observation and communication purposes. These satellites usually weigh less than 500 kg. Small satellites are used for inspection purposes in the orbit of larger satellites. They are also used as test media for newly developed components that need to be installed on a very critical satellite. However, small satellites are prone to operational challenges, which include a lack of energy storage and propulsion systems due to their small size. In January 2022, the satellite communications provider Starlink launched part of the constellation of small satellites into low Earth orbit.
Based on the region, North America is expected to lead the market for small satellites from 2021 to 2026.
The United States 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 improve the quality and efficiency of satellite communications. Growing investment in small-scale satellite equipment to improve the defense and surveillance capabilities of the armed forces, modernize existing communications on military platforms, critical infrastructure and law enforcement agencies using small-scale satellite systems are key factors expected to boost the small-satellite market. in North America. In 2021, Swarm Technologies launched 28 0.25U CubeSat SpaceBEE. CubeSat is the world’s smallest two-way communication satellite for IoT.
Famous players from this region include L3Harris Technologies (USA), Honeywell International Inc. (USA), Lockheed Martin (USA), Northrop Grumman (USA) and others.
Main topics covered:
1. Introduction
2 Research methodology
3 Summary
4 Premium Insights
4.1 Attractive growth opportunities in the small satellite market
4.2 Small satellites market, by application
4.3 Small satellite market, in orbit
4.4 Small satellite market, wt
4.5 Small satellite market, by frequency
4.6 Small satellite market, by end use
4.7 Small Satellite Market by Country
5 Market overview
5.1 Introduction
5.2 Market dynamics
5.2.1 Drivers
5.2.1.1 Growing demand for small lion-based satellites
5.2.1.2 Growing demand for images and analysis from Earth observation
5.2.1.3 Software-defined payloads for communications satellites
5.2.1.4 Increasing the number of space exploration missions
5.2.1.5 Economical than conventional satellites
5.2.2 Restrictions
5.2.2.1 Government policies
5.2.2.2 Lack of special small satellite launch vehicles
5.2.3 Opportunities
5.2.3.1 Using software-defined flexibility technology to change space missions
5.2.3.2 Development of a satellite network to provide Internet access in areas without broadband
5.2.3.3 Increased government investment in space agencies
5.2.3.4 Increased use of small satellites in various applications
5.2.4 Challenges
5.2.4.1 Concerns about space debris
5.2.4.2 Complex propulsion systems
5.2.4.3 Problems with telemetry, tracking and commands
5.2.4.4 Raising capital and financing for the production and launch of satellites
5.2.4.5 Quality limitation of small satellites
5.3 Impact of COVID-19 on the small satellite market
5.4 Scope / scenarios
5.5 Analysis of the value chain of the small satellites market
5.6 Trends / disturbances affecting customer business
5.6.1 Relocation of revenues and new revenue pockets for small satellite system manufacturers
5.7 Small satellite market ecosystem
5.7.1 Famous companies
5.7.2 Private and small enterprises
5.7.3 Ecosystem
5.8 Analysis of Porter’s Five Forces
5.8.1 Threat from new entrants
5.8.2 Threat from substitutes
5.8.3 Bargaining power of suppliers
5.8.4 Bargaining power of buyers
5.8.5 Intensity of competitive rivalry
5.9 Tariff and regulatory landscape
5.10 Trade Analysis
5.11 Operational data
6 Trends in the industry
6.1 Introduction
6.2 Technological trends
6.2.1 Evolution of nanosatellites and microsatellites
6.2.2 Development of small satellite constellations to improve communication
6.2.3 3D printing of satellite equipment
6.2.4 Miniaturization in space technology
6.2.5 Use small satellites to provide enhanced space images
6.2.6 Development of special launch vehicles for small satellites
6.2.7 Distributed Electrical System (EPS) in small satellite applications
6.2.8 Hyperspectral and multispectral image
6.2.9 Energy storage (primary and secondary batteries)
6.2.10 Development of Cubesat constellations to improve communication
6.3 Cases of use
6.3.1 Use case: Cubesats for interplanetary missions
6.3.2 Case of use: Small satellites for IoT and communications
6.3.3 Case of use: Space-based global wireless surveillance systems
6.3.4 Measurements of magnetic and electric fields in the Earth’s ionosphere
6.3.5 Case of use: Real-time data to the emergency system
6.3.6 Case of use: Test for hardness of satellite radiation
6.4 Impact of megatrends
6.4.1 Hybrid beamforming methods
6.4.2 Development of a new generation Cubesat for moon exploration
6.4.3 Cognitive Radio Technology (Sdr-Cr).
6.4.4 Change in world economic power
6.4.5 Patent analysis
7 Small satellite market, wt
7.1 Introduction
7.2 Small satellite
7.2.1 Minisatellite (100-500 kg)
7.2.1.1 Widely used for Earth observation and broadband internet
7.2.2 Microsatellite (10-100 kg)
7.2.2.1 Microsatellites are capable of functioning as effective tactical communication devices for military applications
7.2.3 Nanosatellites (1-10 kg)
7.2.3.1 Nanosatellites are used for various commercial applications
7.3 Cubesat
7.3.1 Cubesat (0.25-5 U)
7.3.2 1U
7.3.2.1 Main focus on the development of 0.25U – 1U Cubesats for communication
7.3.3 2U
7.3.3.1 2U Cubesats are used to test emerging technologies
7.3.4 3U
7.3.4.1 3U Cubesats are used for Earth observation and traffic monitoring
7.3.5 6U
7.3.5.1 The growing demand for 6U Cubesats for space science missions is driving this segment
7.3.6> 12U
7.3.6.1 12U Cubesats are used in deep space missions and research
8 Small satellite market, by subsystem
9 Small satellite market, by end use
10 Small satellite market, by application
11 Small satellite market, by frequency
12 Small Satellite Market, by Orbit
13 Regional analysis
Racing Landscape
14.1 Introduction
14.2 Company overview
14.3 Analysis of the ranking of key players in the small satellite market
14.4 Market share of key players, 2020
14.5 Analysis of the market ranking of key players, 2020
14.6 Analysis of the company’s product footprint
14.7 Quadrant for competitive evaluation
14.7.1 star
14.7.2 Emerging Leader
14.7.3 Everywhere
14.7.4 Participant
14.8 SME Start / Evaluation Quadrant
14.8.1 Progressive Company
14.8.2 Responsive company
14.8.3 Start block
14.8.4 Dynamic company
14.9 Competition scenario
14.9.1 Market Assessment Framework
14.9.2 Launch and development of a new product
14.9.3 Contracts, partnerships and agreements
14.9.4 Cooperation and extensions
15 Company profiles
15.1 Introduction
15.2 Key players
15.2.1 Lockheed Martin Corporation
15.2.2 Sierra Nevada Corporation
15.2.3 L3Harris Technologies Inc.
15.2.4 Northrop Grumman Corporation
15.2.5 Airbus Defense & Space
15.2.6 Surrey Satellite Technology Ltd (Sstl)
15.2.7 Thales Group
15.2.8 Gomspace
15.2.9 Planet Labs Inc
15.2.10 Raytheon Technologies Corporation
2/15/11 Ohb Se
15.2.12 Maxar Technologies
15.2.13 Space Exploration Technologies Corp. (Spacex)
15.2.14 Aerospace Corporation
15.2.15 Mitsubishi Electric Corporation
15.2.16 Exolaunch GmbH
2/15/17 Pumpkin Inc.
15.2.18 Ball Aerospace & Technologies
2/15/19 Dauria Aerospace Ltd.
15.2.20 Aac Clyde Space
15.2.21 Millennium Space System, Inc.
15.3 Start / Smes
15.3.1 Endurosat
15.3.2 Swarm technologies
15.3.3 Nanoaionics
15.3.4 Allen Space
15.3.5 Nearspace Launch, Inc.
15.3.6 Spire Global, Inc.
15.3.7 Earth-I, Inc.
15.3.8 Terran Orbital
15.3.9 Alba Orbital
15.3.10 Satellogic
16 Appendix
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