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global small satellite market trends analysis

Global Small Satellite Market Trends, Analysis, And Forecast

To 2025

Small satellites, also known as miniaturized satellites are satellites of small size and low mass generally

below 500 kg. The main advantage offered by the small satellites is associated with the cost of launching

the satellites and the low construction cost. Small satellites if used in more numbers prove more effective

and economical as compared to the larger satellites used in fewer numbers. One of the technical

restraints in the construction of small satellites is the absence of appropriate storage for power supply

and propulsion system. The global small satellite market is analyzed to witness substantial growth over

the forecast period. Technological advancements and a wide array of applications in various markets

have attracted many commercial and government investments in small satellites. Small satellites are

extensively used in navigation systems, crop monitoring, human migration, weather forecasts, ariel

photography, earth observation and military purposes. Small satellites are also used for tactical

communication, medium resolution imagery, technology development, geospace and atmospheric

research.

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The small satellite market is driven by the increasing demand for satellite miniaturization across the

globe. The increased focus on reducing the mission cost is anticipated to boost the global small satellite

market over the forecast period. In addition to this, the huge investment in major key players in small

satellite market is expected to augment the demand for small satellite over the forecast period. The lack

of vehicles to launch the small satellites to space is projected to restrain the growth of small satellite

market. In addition, the scientific and programmatic risk involved in small satellites is expected to

hamper the growth of small satellite market in the recent years. The increased demand for big data is

anticipated to bring in new opportunities for major players in small satellites market.

The small satellite market is bifurcated on the basis of type, end-use, and application. The market is

segmented based on type as Nano satellite, micro satellite, and mini satellite. The small satellite market is

segmented by end-use as commercial, civil and defense. The global small satellite market is bifurcated

based on the application as communication, scientific research and exploration, mapping and navigating

earth observation and meteorology, and surveillance and security.

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The market for small satellite is analyzed based on five regions namely North America, Europe, Asia-

Pacific, Latin America and Middle East. North America dominated the small satellite market in the current

year because of the increased demand from defense sector in this region. Asia-Pacific and Europe are also

expected to contribute a significant share in the global small satellite market. Middle East is projected to

witness moderate growth in the global small satellite market. Some key players in the small satellite

market sierra nevada corporation spacex surrey

market Sierra Nevada Corporation, SpaceX, Surrey Satellite technologies Ltd., ST Engineering Limited,

Airbus Defense and space, Planet Labs, GeoOptics Inc., Northrop Grumman Corporation, and Oneweb Ltd.

The major players in the global small satellite market have adopted the strategy of mergers and

agreements so as to sustain their significant market share. This has helped the companies to extend their

services to different regions.

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