The market for Small Satellite is anticipated to grow at significant CAGR during forecast period. Small satellites are low-cost options that have allowed commercial companies, non-profit organisations, and educational institutions to conduct missions in low-Earth orbit. These small satellites allow for a wide range of scientific experiments and technical demonstrations to be carried out in orbit at a low cost, in a timely manner, and with relative ease. These satellites can also be used to ‘piggyback’ on larger launch vehicles, allowing them to take use of the extra capacity. Miniaturized satellites allow for more cost-effective and mass-produced designs.
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During the forecast period, the global small satellite market is expected to rise due to increased technological innovation, decreased launch costs, and the development of automation technologies. Small satellites provide fundamentally new designs for a wide range of space operations, with the potential for exponential leaps in transformational research, due to technology advancements. In January 2021, SpaceX launched a Falcon 9 rocket from Cape Canaveral with 143 tiny satellites. The development of reusable rocket technology has brought down the cost of launch services, allowing more people throughout the globe to use small satellites.
Because small satellites are frequently launched into densely populated orbits, they may pose a threat to the space environment. This is due to the fact that small spacecraft are secondary payloads that are launched with much larger and more expensive satellites. They’re usually stationed close or alongside other huge satellites. These massive satellites are in sun-synchronous or geostationary transfer orbits, both of which are littered with space junk. Nano and microsatellites lack the agility needed to manoeuvre in such orbits. These satellites’ native radar signals are often tiny, and they are frequently below the threshold of detection for space surveillance sensors.
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Market Coverage
- Segment Covered-
o By Type
o By Application
o By End User
- Regions Covered
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape:
Airbus S.A.S., GomSpace, L3Harris Technologies, Inc., Lockheed Martin Corporation and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Detailed Segmentation:
Small Satellite Market, By Type
- Minisatellite
- Microsatellite
- Nanosatellite
- Others
Small Satellite Market, By Application
- Earth observation & remote sensing
- Satellite communication
- Science & exploration
- Mapping & navigation
- Space observation
- Others
Small Satellite Market, By End User
- Commercial
- Academic
- Government & military
- Others
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
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