Low-Cost Satellite Market Global Industry Trends, Key Players, Opportunities, Regional Analysis, Shares, Size, Forecast to 2025

Global Low-Cost Satellite Market: Information by Satellite Type (Nano, Micro, and Others), by Function (Communication, Imaging, and Others), by End User (Commercial and Military), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)—Forecast till 2025

Pune, India - August 14, 2019 /MarketersMedia/ —

Market Overview:

The cost of launch represents a significant challenge for space missions as it involves substantial investment in systems and infrastructure. Consequently, only a few governments and large private companies are able to engage in space explorations activities. The emergence of low-cost satellites has resulted in a resurgence in interest in space activities.

Low-cost satellites provide an advantage over conventional satellites in terms of development and propulsion cost. Market Research Future (MRFR) has published a report on the global low-cost satellite market which contains valuable insights on the market backed by historical data as well as forecast for the period of 2018-2023. The low-cost satellite market is primed to expand at a CAGR of 8% over the forecast period of 2018-2023, asserts MRFR.

Request for Free Sample Pages:
https://www.marketresearchfuture.com/sample_request/7136

The low-cost satellite space is rife with developmental activities. Space agencies, across the globe, such as NASA, ISRO, and SpaceX, have initiated a number of launch operations in the recent past. The demand for nano and micro-satellites have witnessed a steep surge and concurrently various regions are widening their satellite manufacturing base which is signaling positive prospects for the low-cost satellite market.

A number of companies have demonstrated interest in the launch of lightweight satellites which include some big names of the industry such as Lockheed Martin Corporation, Planet Labs, OneWeb, and SpaceX. Low-cost satellites are being increasingly placed in the lower orbits of space. Numerous countries are endeavoring to achieve low-cost access to space, which has fueled the demand for low-cost satellites.

Technological advancements in the low-cost satellite arena have resulted in increased reliability, novel propulsion systems, streamlined launch operations, learning efficiencies, and economies of scale, which have increased the demand for low-cost satellites. Moreover, the achievement of ultra-low-cost access to space (ULCATS) has ranked among the top priorities of governments, which has influenced the growth of the market.

Segmentation:

The global low-cost satellite market has been segmented based on satellite type, function, and end-user.

By satellite type, the low-cost satellite market has been segmented into nanosatellite, microsatellite, and others. The microsatellite held the largest share of the market in 2017, while the nanosatellite segment is likely to exhibit the fastest growth rate over the forecast period.

By function, the low-cost satellite market has been segmented into communication, imaging, and others. The communication segment dominated the market in 2017 and is expected to capture the highest CAGR over the forecast period.

By end-user, the low-cost satellite market has been segmented into commercial and military. In 2017, the commercial segment led the market, whereas the military segment is expected to be the fastest-growing market over the forecast period.

Regional Analysis:

Region-wise, the low-cost satellite market has been segmented into the Americas, the Middle East & Africa (MEA), Asia Pacific (APAC), and Europe.
North America has captured the majority share of the market. The region is home to some of the major companies such as SpaceX, Lockheed Martin Corporation, and Planet Labs Inc. These players have deep pockets and invest heavily in R&D activities. The US, Canada, Mexico, and Brazil are actively involved in space programs. Moreover, the region possesses advanced technical capabilities and has the infrastructure to support satellite-based research.

APAC is expected to be the fastest-growing market for low-cost satellite. The region is acquiring advanced technological capabilities and investing in satellite systems alongside. India is contributing majorly to the low-cost satellite market. The country launched its low-cost satellite in July 2019 for its second moon mission, Chandrayan 2. India has marked the leading position in the low-cost satellite market with this move.

Competitive Landscape:

Sierra Nevada Corporation (US), Axelspace Corporation (Japan), Spire Global Inc. (US), OneWeb (US), Geooptics Inc. (US), OHB AG (Germany), Lockheed Martin Corporation (US), SpaceX (US), Planet Labs Inc. (US), and Dauria Aerospace (Russia) are the key players in the low-cost satellite market.

Industry Updates:

July 2019 - NSLComm, an Israeli startup focused entirely on nano-satellites, launched its first nano-satellite, the NSLSat-1. The satellite is equipped with an innovative, antenna that expands and offers high-performance and affordability as compared to the best nano-satellites available today.

Access Full Summary of Report:
https://www.marketresearchfuture.com/reports/low-cost-satellite-market-7136

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact Info:
Name: Market Research Future
Email: Send Email
Organization: Market Research Future
Address: Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India
Phone: +1 628 258 0071
Website: https://www.marketresearchfuture.com/reports/low-cost-satellite-market-7136

Source URL: https://marketersmedia.com/low-cost-satellite-market-global-industry-trends-key-players-opportunities-regional-analysis-shares-size-forecast-to-2025/88908182

Source: MarketersMedia

Release ID: 88908182

Other Press Releases

US tells UN it is pulling out of Paris climate deal

Dec 7, 2019

WASHINGTON — The United States has told the United Nations it has begun the process of pulling out of the landmark 2015 Paris climate agreement. Secretary of State Mike Pompeo said Monday that he submitted a formal notice to the United Nations. That starts a withdrawal process that does not become official for a year. His statement touted America's carbon pollution cuts and called the Paris deal an "unfair economic burden" to the U.S. economy. Nearly 200 nations signed the climate deal in which each country provides its own goals to curb emissions of heat-trapping gases that lead to climate...

Google employees call for corporate climate change action

Dec 7, 2019

SAN FRANCISCO — Google employees are demanding the company issue a climate plan that commits it to zero emissions by 2030. An online petition posted Monday bears signatures from more than a thousand Google employees. It also calls on Google to decline contracts that would support the extraction of fossil fuels and to avoid collaborating with organizations involved with the oppression of refugees. Amazon employees have similarly called on their employer to take steps for climate change action. Workers from both companies joined climate marches in September. Google employees have been especially vocal in issuing demands and calling for change...

No arrests after California Halloween shooting kills 5

Dec 7, 2019

ORINDA, Calif. — A woman who rented a San Francisco Bay Area home where five people were killed in a Halloween party shooting lied to the owner, saying she only wanted to keep family members away from the smoke of a wildfire, according to police and a person with knowledge of the transaction. Witnesses described hearing gunfire and seeing chaos erupt as some 100 terrified partygoers fled the home Thursday night in Orinda, a quiet and wealthy suburb about 15 miles (24 kilometers) from San Francisco that has seen only two previous killings this century, the San Francisco Chronicle reported....

3-2-1-Cookoff! Astronauts to bake cookies with new test oven

Dec 7, 2019

CAPE CANAVERAL, Fla. — Forget reheated, freeze-dried space grub. Astronauts are about to get a new test oven for baking chocolate chip cookies from scratch. The next delivery to the International Space Station — scheduled for liftoff this weekend — includes the Zero G Oven. Chocolate chip cookie dough is already up there, waiting to pop into this small electric oven designed for zero gravity. Sample cookies baked just this week are also launching from Virginia on Northrop Grumman's Cygnus capsule, for the six station astronauts. The experiment explores the possibility of making freshly baked items for space travelers. With...

Threat to US elections not limited to Russia in 2020

Dec 7, 2019

WASHINGTON — Russia interfered in the 2016 election and may try to sway next year's vote as well. But it's not the only nation with an eye on U.S. politics. American officials sounding the alarm about foreign efforts to disrupt the 2020 election include multiple countries in that warning. Concerns abound not only about possible hacking of campaigns, but also about the spread of disinformation on social media and potential efforts to breach voting databases and even alter votes. The anxiety goes beyond the possibility that U.S. adversaries could directly affect election results: The mere hint of foreign meddling could...

About Us

Stillsurge is a home for individuals to find the latest day-to-day Science and Technology news which electrify and empower their knowledge.