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 The Sport Ship

New Zealand set Sri Lanka 268 runs to win 1st test

Aug 19, 2019

GALLE, Sri Lanka — New Zealand set Sri Lanka a challenging 268-run target to win the first cricket test against Sri Lanka on Saturday after its lower order rallied around B.J Watling to salvage the team from a precarious position. The Black Caps were bowled out for 285 in their second innings after struggling on 124 for six. Watling led their resurgence, sharing a 54-run partnership with Tim Southee and adding 46 runs with William Somerville. New Zealand's tail-enders then put on 36 and 25 runs respectively for the ninth and 10th wickets. The target could prove challenging, with the...

Sri Lanka on top as New Zealand slumps to 124-6

Aug 19, 2019

GALLE, Sri Lanka — Spin bowlers Lasith Embuldeniya and Dhananjaya de Silva shared five wickets as Sri Lanka appeared in control of the first test after restricting New Zealand to 124-6 Friday at tea on Day 3. The Back Caps lead Sri Lanka by 106 runs with four second-innings wickets left. New Zealand resumed after lunch on 18-1, having earlier erased a slender 18-run deficit after dismissing Sri Lanka for 267 in its first innings. But the visitors struggled in the second session with spinners extracting more turn and bounce at Galle Stadium. Kiwi captain Kane Williamson, who failed to...

Sri Lanka's Dananjaya takes 5, New Zealand 179-5 in 1st test

Aug 19, 2019

GALLE, Sri Lanka — Sri Lanka spinner Akila Dananjaya took his fourth five-wicket haul in tests as New Zealand was restricted to 179-5 at tea on the opening day of the first test. Dananjaya had 5-50 in 18.2 overs at Galle. New Zealand resumed on 71-3 after lunch and Ross Tayor and Henry Nicolls added 100 runs for the fourth wicket. But New Zealand lost two quick wickets close to the tea break. Nicolls tried to play a sweep to Dananjaya bowling around the wicket and was given out lbw. He reviewed but television replays showed the ball was hitting...

Turkey's Erdogan witness in footballer Mesut Ozil's wedding

Aug 19, 2019

ISTANBUL — Turkey President Recep Tayyip Erdogan was in the wedding party as Arsenal midfielder Mesut Ozil tied the knot on Friday. State-run Anadolu news agency said Erdogan and his wife, Emine, were legal witnesses for Ozil, who married model, actress and former Miss Turkey Amine Gulse in Istanbul. Secular Turkish weddings require a witness each for the bride and groom. Ozil, a German player of Turkish descent, quit Germany's soccer team last year after he was criticized for posing for a photograph with Erdogan before the World Cup. In his international retirement announcement, Ozil accused the German football federation,...

Pant helps Delhi eliminate Hyderabad from IPL

Aug 19, 2019

VISAKHAPATNAM, India — Rishabh Pant hit a blistering 49 off 21 balls as Delhi Capitals notched a thrilling two-wicket victory against Sunrisers Hyderabad in the Indian Premier League Eliminator on Wednesday. Pant smashed five sixes and two fours in Delhi's first IPL play-off in six years which carried them to 165-8 when Keemo Paul struck a winning boundary on the penultimate ball of their run-chase. Hyderabad had earlier scored 162-8 despite their two key players — Englishman Jonny Bairstow and Australian David Warner — being back with their respective national teams for World Cup preparations. "If you try to stop...

About Us

We’re all about evolving the love of sports. With The Sport Ship, you can up your game and receive all the latest news about the sports world before anyone else.

Contact us: sales[at]thesportship.com

Subscribe Now!