Small Satellite Services (CubeSat, Nanosatellite, Microsatellite, Minisatellite) Market - Global Forecast to 2022

Dublin, April 24, 2018 (GLOBE NEWSWIRE) -- The "Small Satellite Services Market by Platform (CubeSat, Nanosatellite, Microsatellite, Minisatellite), Vertical (Government & Military, Non-Profit Organizations), Application (Remote Sensing, Communication) & Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The small satellite services market is projected to grow from an estimated USD 14.88 Billion in 2017 and is projected to reach USD 53.22 Billion by 2022, at a CAGR of 29.03% from 2017 to 2022.

Factors, such as satellite miniaturization, and increasing demand for earth observation and satellite broadband services are expected to fuel the growth of the small satellite services market.

Based on platform, the nanosatellite segment of the small satellite services market is projected to grow at the highest rate during the forecast period. Due to their low mass and small size, several satellites can be launched simultaneously from a single vehicle launcher. These satellites are designed for specific tasks, such as communication, earth observation, and space exploration, and together, in a group, perform a mission. Moreover, the low mission cost of nanosatellites has led to their adoption in the defense sector.

Based on vertical, the commercial segment of the small satellite services market is projected to grow at the highest CAGR during the forecast period, due to the increase in R&D activities for technological innovations in the telecommunication sector. In addition, several countries are engaged in the production and development of small satellites to be used for telecommunication and broadcast, and navigation worldwide, which is driving the commercial segment.

Based on application, the remote sensing segment of the small satellite services market is projected to grow at the highest CAGR during the forecast period. Remote sensing data collection and analysis services are used extensively in all commercial industries, such as agriculture, energy & power, and weather forecasting, among others.

North America is estimated to account for the largest share of the small satellite services market in 2017. The demand for satellite broadband services is increasing in the US and Canada. Broadband service providers are witnessing a surge in demand for broadband services from urban as well as rural populations.

Factors, such as lack of dedicated launch vehicles, scarce intellectual assets, and design related limitations may act as restraints for the growth of the small satellite services market.

Key players profiled in the small satellite services market report include Singapore Telecommunications Limited (Singapore), Eutelsat Communications S.A. (France), EchoStar Corporation (US), Inmarsat plc (UK) and Viasat, Inc. (US), among others. Contracts was among the key strategies adopted by the leading players to sustain their positions and enhance their revenues and service offerings in the small satellite services market.

Key Topics Covered:

1 Introduction

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Demand-Side and Supply-Side Analysis
2.2.1 Introduction
2.2.2 Demand-Side Indicators
2.2.2.1 Increasing Use of Satellite Imagery By Government and Commercial Agencies
2.2.2.2 Improved Accuracy and Reliability of Earth Observation (EO) Data
2.2.2.3 Rising Applicability of Big Data
2.2.3 Supply-Side Indicators
2.2.3.1 Miniaturization of Electronics and Subcomponents Used in Small Satellites
2.2.3.2 Advancements in Microsatellite and Nanosatellite Technologies
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Market Breakdown & Data Triangulation
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Demand for Remote Sensing Services and Situational Awareness is Expected to Offer Several Untapped Opportunities in the Small Satellite Services Market
4.2 Communication Application Segment, By Subsegment
4.3 Remote Sensing Application Segment, By Subsegment
4.4 Commercial Vertical Segment, By Subsegment
4.5 Remote Sensing Application Segment, By Region
4.6 Commercial Vertical Segment, By Region
4.7 Nanosatellite (1-10 Kg) Platform Segment, By Region

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Platform
5.2.2 By Vertical
5.2.3 By Application
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Satellite Miniaturization
5.3.1.2 Increasing Focus on Reducing Mission Cost
5.3.1.3 High Investments By Venture Companies in the Small Satellite Services Market
5.3.1.4 Growth of Cloud Computing Market
5.3.1.5 Increasing Use of Small Satellite Remote Sensing Services
5.3.1.6 Increased Demand for Situational Awareness (SA)
5.3.2 Restraints
5.3.2.1 Programmatic and Scientific Risks Involved in the Production of Small Satellites
5.3.2.2 Lack of Dedicated Launch Vehicles for Small Satellite
5.3.2.3 Design-Related Limitations of Small Satellites
5.3.3 Opportunities
5.3.3.1 High Data Rate Communication
5.3.3.2 Proposed Development of Satellite Networks to Provide Internet Access Without Broadband Connectivity
5.3.3.3 Demand for Leo-Based Services
5.3.4 Challenges
5.3.4.1 Radio Spectrum Availability Issues
5.3.4.2 Scarce Intellectual Asset
5.3.4.3 Increasing Number of Proposed Small Satellites May Lead to Regulatory Challenges

6 Industry Trends
6.1 Introduction
6.2 Technology Trends
6.2.1 Radio Occultation
6.2.2 Full Motion Video
6.2.3 Hyper-Spectral and Multi-Spectral Imaging
6.2.4 Automated Meter Reading (AMR)
6.2.5 Vehicle Fleet Tracking
6.2.6 Use of Small Satellites to Provide Enhanced Space Imagery
6.3 Future Developments
6.3.1 Power Subsystems
6.3.2 Altitude Determination and Control
6.3.3 Propulsion
6.3.4 Structures, Materials, and Mechanisms
6.3.5 Communication
6.3.6 Launch Capability
6.4 Emerging Trends
6.4.1 Technological Advancements in Earth Observation Services
6.4.2 Space Debris Removal
6.4.3 Synthetic Aperture Radar (SAR)
6.4.4 Satellite Photography and Multispectral Imaging
6.4.5 Real-Time Acquisition and Processing Integrated Data Systems (RAPIDS)
6.4.6 Transportable Ground Receiving Station (GRS)
6.5 Venture Capital (VC) Funding
6.6 Cost Estimation/Comparison
6.6.1 Imagery and Radar Data From Space
6.6.2 Electro-Optic (EO) and Synthetic Aperture Radar (SAR) Image Pricing
6.6.3 Orthorectified Image
6.6.4 Coherently Combined Images
6.6.4.1 Change Detection
6.6.5 Digital Terrain Elevation Detection
6.7 Small Satellite Manufacturing - Supply Chain Analysis
6.7.1 Reasons for the Prevalence Or Probability of Satellite Failure
6.8 Reasons for Failure of Satellite Bus Components
6.8.1 Satellite Vulnerability Analysis
6.9 Small Satellite Launches Between 2015 and 2017
6.10 Space Launch Statistics, 2017
6.11 Reasons for Satellite Failure Or Backlog
6.12 Innovation & Patent Registrations

7 Small Satellite Services Market, By Platform
7.1 Introduction
7.2 Cubesat
7.3 Microsatellite (11-100 Kg)
7.4 Minisatellite (101-500 Kg)
7.5 Nanosatellite (1-10 Kg)

8 Small Satellite Services Market, By Vertical
8.1 Introduction
8.2 Commercial
8.3 Government & Military
8.4 Non-Profit Organization

9 Small Satellite Services Market, By Application
9.1 Introduction
9.2 Communication
9.2.1 Mobile Satellite Services
9.2.2 Fixed Satellite Services
9.2.3 Broadcast Satellite Services
9.3 Remote Sensing
9.3.1 Earth Imaging Services
9.3.2 Meteorology Services
9.3.3 Mapping & Monitoring Services
9.3.4 Others
9.4 Science & Technology and Education
9.5 Others

10 Regional Analysis

11 Competitive Landscape

12 Company Profiles
12.1 Introduction
12.2 Eutelsat
12.3 Globalstar
12.4 Inmarsat
12.5 Iridium Communication
12.6 Viasat
12.7 KVH Industries
12.8 Echostar
12.9 Singtel
12.10 Telesat

For more information about this report visit https://www.researchandmarkets.com/research/c8r3ws/small_satellite?w=12

                    
                    
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