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

More News From Spotify News

LeBron posts latest triple-double, Lakers rally past Bulls

Dec 15, 2019

CHICAGO — LeBron James had 30 points, 11 assists and 10 rebounds for his third consecutive triple-double, and the Los Angeles Lakers rallied to beat the Chicago Bulls 118-112 on Tuesday night for their sixth straight victory. Los Angeles trailed by 19 before shutting down Chicago in the fourth quarter during the finale of a three-game trip. While James turned in another brilliant performance, he was on the bench for most of a 16-0 run to begin the final period. Kyle Kuzma, Quinn Cook and Dwight Howard sparked the Lakers' comeback. Kuzma scored 11 of his 15 points in the...

Antetokounmpo leads Bucks past Timberwolves 134-106

Dec 15, 2019

MINNEAPOLIS — The start to the game was unusual. Giannis Antetokounmpo's final stat line was not. After waiting out a long delay, Antetokounmpo had 34 points and 15 rebounds as the Milwaukee Bucks beat the Minnesota Timberwolves 134-106 on Monday night. Antetokounmpo, the reigning NBA MVP, has posted a double-double in all seven games this season. "Once you go out there, you have a mindset that you're going to play a game, you're going to go hard," Antetokounmpo said. "Once you cannot go hard, you've got to almost switch mindsets." The game was delayed 50 minutes so one of the...

Predators score 5 in second, beat Red Wings 6-1

Dec 15, 2019

DETROIT — Matt Duchene figured the Nashville Predators deserved better after scoring just once in a loss to the New York Rangers over the weekend. He had few complaints two nights later. Duchene scored two of Nashville's five second-period goals, and the Predators easily dispatched the Detroit Red Wings 6-1 on Monday night. One of Duchene's goals came when he flung the puck from along the boards near the blue line. It deflected in off the stick of Red Wings defenseman Madison Bowey. "I thought Saturday we did a lot of good things and probably should have scored that many...

Kane scores in overtime, Blackhawks beat Ducks 3-2

Dec 15, 2019

ANAHEIM, Calif. — Patrick Kane scored 24 second into overtime off a pass from Jonathan Toews and the Chicago Blackhawks beat the Anaheim Ducks 3-2 Sunday night. Rookie Adam Boqvist scored his first career NHL goal and Alex DeBrincat scored on a two-man advantage as the Blackhawks spoiled the 1,000th career game of Ducks center Ryan Getzlaf. Sam Steel and Nick Ritchie scored for Anaheim. Ryan Miller had 34 saves. Toews, stopped in traffic shortly after overtime began, spun around and slipped a cross-ice pass to Kane, who lifted the puck over the shoulder of Miller for the winner. Blackhawks...

Anthony Davis, LeBron James lead Lakers past Spurs

Dec 15, 2019

SAN ANTONIO — Anthony Davis had 25 points and 11 rebounds, LeBron James added 21 points, 13 assists and 11 rebounds and the Los Angeles Lakers held off the San Antonio Spurs 103-96 on Sunday night. James also had a triple-double Friday night in an overtime victory in Dallas. Dwight Howard had 14 points and 13 rebounds in a throw-back performance to help the Lakers improve to 5-1. Dejounte Murray had 18 points and 11 rebounds for the Spurs, Rudy Gay added 16 points off the bench, and DeMar DeRozan had 14. They lost for the second time in three...

About Us

Sportify News offers you high quality sports journalism. Take a deep look in the world of sports as we bring you the latest news on acquisitions, sponsorships, lineups and more!

Subscribe Now!