Small Satellite Market

New Private Entrants in Space Industry and Strong Backing from Government for Space Commercialization to grow Small Satellite Market

Advancements in space and technological fields have propelled satellite manufacturing companies to develop more compact and efficient satellites. With the growing application of small satellites in earth observation, IoT and remote sensing or communication have disrupted the space economy for the better. With a number of connected devices expected to cross the 22 Bn mark in coming years, space-based IoT is one of the promising business segments offered by small satellites.

Moreover, new initiatives from global universities & countries and the emergence of entrepreneurs who realized the market potential of smallsats further drove the global small satellite market in 2018. In addition, strong backing from investors like SoftBank, Virgin Group, Qualcomm, AirBus, and Bharti Group, who are trusting in the potential of small satellite business offers in the near future, is expected to influence the market in the near future further.

Technological advancement of flat panel antennas (FPA), which promises simpler, more reliable multi-satellite solutions with enhanced mobility and connectivity, is a breakthrough for companies operating in the telecom segment. Besides, the pay-per-use business model of satellite-as-a-service, along with fast growth in cloud and deep learning algorithms for improved downlink data transmission efficiency, will further grow the market during the forecast period.

Market Snapshot

Satellite-aided Broadband Connectivity to Ensure Dominance of Satellite Communication in Application Segment

Based on application, earth observation small satellites captured over 40% of the share in 2018. However, the announcement of a satellite constellation in lower earth orbit (LEO) for global data and internet connectivity which are targeting businesses in IoT and communication, is expected to register the highest CAGR during the forecast period. Furthermore, projects such as Starlink, Kuiper, and Eutelsat’s ELO IoT network are further expected to drive the market in the coming decade.

The Asia Pacific is expected to register the highest Market Share.

Currently, Asia Pacific is trailing behind North America and Europe. However, the small satellite market in the region has high potential. The market is majorly driven by China, Japan, and India. Nearly half of the demand for small satellites is from government missions for civilian use. The other half of the market share is commercial use for earth observation and satellite communication. With the entry of major players in the market, such as ISRO and JAXA, and with space ambitions of emerging economies of Asia Pacific, the region is expected to be leading during the forecast period. Moreover, Asian universities such as NTU Singapore are partnering with Japan’s Kyutech to build and launch their small satellites into orbit. Also, India’s StudSat and China’s BNU-1, built by respective national universities, have further increased the aspiration of Asia Pacific to grab the major share of the small satellite market.

New Technological Development is Keeping the Market Competitive

Major players profiled in the small satellite market include Space Exploration Technologies Corp., ISRO, Blue Origin, Boeing, OneWeb, AirBus S.A.S., Sierra Nevada Corporation, Planet Labs Inc., Lockheed Martin Corporation, Arianespace, and Thales Group. These companies are adopting strategies such as acquiring small players in the market and new technology in launching. For instance, in August 2018, Boeing announced the acquisition of Millennium Space Systems, a provider of small satellite solutions. With this acquisition, Boeing has increased its capability with its portfolio and provided the customer with advanced small satellite technologies. Furthermore, in March 2019, Lockheed Martin Corporation announced its new technology for launching small satellites, which will allow small satellites to change their mission in orbit. Named “SmartSat,” this software-defined satellite architecture will provide resiliency and flexibility per mission needs and technology with higher processing power in space.

Historical & Forecast Period

The research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

Small satellite market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global small satellite market based on type, application, end-user, and geography.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: SS Market
2.2. SS Market, by Type, 2018 (US$ Bn)
2.3. SS Market, by Application, 2018 (US$ Bn)
2.4. SS Market, by End-use, 2018 (US$ Bn)
2.5. SS Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. SS Market Value, 2017 – 2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Small Satellite (SS) Market, by Type , 2017 – 2027 (US$ Bn)
4.1. Overview
4.2. Mini
4.3. Micro
4.4. Nano

5. Small Satellite (SS) Market, by Application, 2017 – 2027 (US$ Bn)
5.1. Overview
5.2. Earth Observation
5.3. Satellite Communication
5.4. Technology Development
5.5. Science & Exploration
5.6. Surveillance & Security

6. Small Satellite (SS) Market, by End-use, 2017 – 2027 (US$ Bn)
6.1. Overview
6.2. Civil
6.3. Commercial
6.4. Defense

7. North America Small Satellite (SS) Market Analysis, 2017 – 2027 (US$ Bn)
7.1. Overview
7.1.1. North America SS Market Value and Growth, 2017 – 2027, (US$ Bn)
7.2. North America SS Market Value, By Type, 2017 – 2027 (US$ Bn)
7.2.1. Market Analysis
7.3. North America SS Market Value, By Application, 2017 – 2027 (US$ Bn)
7.3.1. Market Analysis
7.4. North America SS Market Value, By End-use, 2017 – 2027 (US$ Bn)
7.4.1. Market Analysis
7.5. North America SS Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America

8. Europe Small Satellite (SS) Market Analysis, 2017 – 2027 (US$ Bn)
8.1. Overview
8.1.1. Europe SS Market Value and Growth, 2017 – 2027, (US$ Bn)
8.2. Europe SS Market Value, By Type, 2017 – 2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Europe SS Market Value, By Application, 2017 – 2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Europe SS Market Value, By End-use, 2017 – 2027 (US$ Bn)
8.4.1. Market Analysis
8.5. Europe SS Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe

9. Asia Pacific Small Satellite (SS) Market Analysis, 2017 – 2027 (US$ Bn)
9.1. Overview
9.1.1. Asia Pacific SS Market Value and Growth, 2017 – 2027, (US$ Bn)
9.2. Asia Pacific SS Market Value, By Type, 2017 – 2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Asia Pacific SS Market Value, By Application, 2017 – 2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Asia Pacific SS Market Value, By End-use, 2017 – 2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Asia Pacific SS Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific

10. Rest of the World Small Satellite (SS) Market Analysis, 2017 – 2027 (US$ Bn)
10.1. Overview
10.1.1. Rest of the World SS Market Value and Growth, 2017 – 2027, (US$ Bn)
10.2. Rest of the World SS Market Value, By Type, 2017 – 2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Rest of the World SS Market Value, By Application, 2017 – 2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Rest of the World SS Market Value, By End-use, 2017 – 2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Rest of the World SS Market Value, By Region, 2017 – 2027 (US$ Bn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America

11. Company Profiles
11.1. Space Exploration Technologies Corp.
11.2. ISRO
11.3. Blue Origin
11.4. Boeing
11.5. OneWeb Satellite
11.6. Sierra Nevada Corporation
11.7. Planet Labs Inc.
11.8. Lockheed Martin Corporation
11.9. Arianespace
11.10. Thales Group

List of Figures

FIG. 1 Small Satellite (SS) Market: Research methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 SS Market Segmentation
FIG. 4 SS Market, by Type, 2018, (US$ Bn)
FIG. 5 SS Market, by Application, 2018, (US$ Bn)
FIG. 6 SS Market, by End-use, 2018, (US$ Bn)
FIG. 7 SS Market, by Geography, 2018 (US$ Bn)
FIG. 8 SS Market Value, 2017 – 2027, (US$ Bn) and (Y-o-Y %)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Global Market Positioning of Key SS Manufacturers and Launchers, 2018
FIG. 11 SS Market Value Share, by Type, 2018 & 2027 (Value %)
FIG. 12 Global Mini Satellite Market Value, 2017 – 2027, (US$ Bn)
FIG. 13 Global Micro Satellite Market Value, 2017 – 2027, (US$ Bn)
FIG. 14 Global Nano Satellite Market Value, 2017 – 2027, (US$ Bn)
FIG. 15 SS Market Value Share, by Application, 2018 & 2027 (Value %)
FIG. 16 SS Market Value for Earth Observation, 2017 – 2027, (US$ Bn)
FIG. 17 SS Market Value for Satellite Communication, 2017 – 2027, (US$ Bn)
FIG. 18 SS Market Value for Technology Development, 2017 – 2027, (US$ Bn)
FIG. 19 SS Market Value for Science & Exploration, 2017 – 2027, (US$ Bn)
FIG. 20 SS Market Value for Surveillance & Security, 2017 – 2027, (US$ Bn)
FIG. 21 SS Market Value Share, by End-use, 2018 & 2027 (Value %)
FIG. 22 SS Market Value for Civil use, 2017 – 2027, (US$ Bn)
FIG. 23 SS Market Value for Commercial use, 2017 – 2027, (US$ Bn)
FIG. 24 SS Market Value for Defense use, 2017 – 2027, (US$ Bn)
FIG. 25 North America SS Market Value, 2017 – 2027, (US$ Bn)
FIG. 26 Europe SS Market Value, 2017 – 2027, (US$ Bn)
FIG. 27 Asia Pacific SS Market Value, 2017 – 2027, (US$ Bn)
FIG. 28 Rest of the World SS Market Value, 2017 – 2027, (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Small Satellite (SS) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 SS Market, by Type, 2017-2027, (US$ Bn)
TABLE 5 SS Market, by Application, 2017 – 2027, (US$ Bn)
TABLE 6 SS Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 7 SS Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 8 North America SS Market, by Type, 2017-2027, (US$ Bn)
TABLE 9 North America SS Market, by Application, 2017 – 2027, (US$ Bn)
TABLE 10 North America SS Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 11 North America SS Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 12 Europe SS Market, by Type, 2017-2027, (US$ Bn)
TABLE 13 Europe SS Market, by Application, 2017 – 2027, (US$ Bn)
TABLE 14 Europe SS Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 15 Europe SS Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 16 Asia Pacific SS Market, by Type, 2017-2027 (US$ Bn)
TABLE 17 Asia Pacific SS Market, by Application, 2017 – 2027 (US$ Bn)
TABLE 18 Asia Pacific SS Market, by End-use, 2017 – 2027 (US$ Bn)
TABLE 19 Asia Pacific SS Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 20 Rest of the World SS Market, by Type, 2017 – 2027, (US$ Bn)
TABLE 21 Rest of the World SS Market, by Application, 2017 – 2027, (US$ Bn)
TABLE 22 Rest of the World SS Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 23 Rest of the World SS Market Value, by Region, 2017 – 2027, (US$ Bn)
TABLE 24 Space Exploration Technologies Corp.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 25 ISRO: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 26 Blue Origin: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 27 Boeing: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 28 OneWeb Satellite: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 29 Sierra Nevada Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 30 Planet Labs Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 31 Lockheed Martin Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 32 Arianespace: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 33 Thales Group: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)