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 Sport Solid

Yastrzemski hits 3 HRs, Giants beat D'backs in 11 innings

Aug 17, 2019

PHOENIX — Mike Yastrzemski hit three home runs, including a tiebreaking solo shot in the 11th inning, and the San Francisco Giants recovered after squandering two late leads, beating the Arizona Diamondbacks 10-9 Friday night. The teams combined to hit a Chase Field record 12 home runs. The Diamondbacks hit five of their six after the seventh inning. Yastrzemski had solo homers in the third and 11th, and hit a two-run blast in the seventh inning. Kevin Pillar homered twice, with his second long ball giving the Giants a 9-7 lead in the 10th inning. The Diamondbacks countered with home...

Newman hits RBI single in 9th, lifts Pirates past Cubs 3-2

Aug 17, 2019

PITTSBURGH — Pinch-hitter Cole Tucker drew a bases-loaded walk and Kevin Newman hit an RBI single, all with two out in the ninth inning, as the Pittsburgh Pirates rallied to beat the Chicago Cubs 3-2 on Friday night. Tucker, pinch-hitting, worked a bases-loaded walk off Brandon Kintzler (2-2), and Newman followed with a single to center field on a full-count for his third game-ending hit of the season. Kintzler walked three batters in 1/3 of an inning, including an intentional walk to Josh Bell with two outs and the Cubs leading 2-1. Erik Gonzalez entered as a pinch runner for...

IndyCar at Pocono Raceway faces uncertain future

Aug 17, 2019

LONG POND, Pa. — IndyCar and Pocono Raceway could be headed toward another split. The track has no deal for the open-wheel series to return for an eighth straight year in 2020, and another break could be on the horizon after Sunday's race. IndyCar returned to Pocono in 2013 after a 24-year absence for the first race of a three-year contract. Pocono CEO Nick Igdalsky said both sides have continued to talk about the future of the series at the track. "I did float them the idea of being an every couple of years stop, every three years," Igdalsky said....

Matsuyama blisters Medinah with 63 for BMW Championship lead

Aug 17, 2019

MEDINAH, Ill. — Hideki Matsuyama rode a hot putter to a record score at Medinah, making five birdie putts from 15 feet or longer for a 9-under 63 that gave him a one-shot lead going into the weekend at the BMW Championship. He also took a big step toward keeping alive his streak of playing the Tour Championship every year since he turned pro. Matsuyama started and ended his round with a 30-foot birdie putt, the last one giving him the 36-hole lead over Patrick Cantlay (67) and Tony Finau (66). Justin Thomas recovered from three bogeys for a 69...

Without Messi, Barcelona loses 1st league opener in 10 years

Aug 17, 2019

MADRID — Barcelona lost its opening Spanish league match for the first time in a decade on Friday, falling at Athletic Bilbao 1-0 as Antoine Griezmann couldn't make up for Lionel Messi's absence. Veteran striker Aritz Aduriz scored from a spectacular overhead kick a minute after coming off the bench in the 88th minute, handing Barcelona the loss after 10 straight opening league wins. Griezmann, Barcelona's biggest offseason signing, was held scoreless in his competitive debut after joining from rival Atlético Madrid for 120 million euros ($133 million). It was a lackluster performance for the France forward whose only significant...

Sign up now!