The Low-Cost Satellite market intelligence report takes a closer view of the global market share, estimated growth rate, future market trends, entry-level barriers, fundamental market drivers, restraints, challenges, and opportunities. The report clearly defines the Low-Cost Satellite market position on a global level. The detailed insights into the market’s geographical spectrum offered by the report make it an excellent source of knowledge about the Low-Cost Satellite industry.
Low-cost satellites, such as nanosatellites provide a cost-efficient means for earth observation via remote sensing and deliver frequent imageries with high temporal and spatial resolution, which is essential for monitoring and studying dynamic processes, such as land cover, vegetation, oceanography, and inland water. Imaging application of low-cost satellites is steadily garnering traction in various scientific fields and, thus numerous initiatives by space agencies, universities, and private firm to launch low-cost satellite missions is spurring market growth.
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Report Objective:
The report offers a complete analysis of the global Low-Cost Satellite market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations. Dauria Aerospace, Planet Labs, Axelspace Corporation, Sierra Nevada Corporation, L3Harris Technologies Inc., SpaceX, Thales Alenia Space, Spire Global Inc., Bradford Space, and GeoOptics Inc. and others are some of the top companies profiled in the report.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Some key findings from the report suggest
- In June 2019, Thales Alenia Space entered into a partnership with HEMERIA for the co-development of a cutting-edge nanosatellite platform and to deliver dedicated antennas, payload, and ground segment.
- Nanosatellites offer capabilities similar to large satellites and cost considerably less. According to a report, cost of manufacturing a large satellite can be serval million dollars, whereas the cost of producing a nanosatellite, such as CubeSat, can be around USD 0.1 Million and it can be launched for several of the similar kinds of missions that the larger satellites can. Also, nanosatellites have a relatively shorter span of life, which is around a year or two in Low Earth Orbit (LEO) before the satellite enters Earth’s atmosphere and burns up, thereby reducing risk-management at production and launch phases.
- In militarily applications, low-cost satellites, particularly microsatellites and nanosatellites, are of immense significance. These satellites are appropriate for launch-on-demand purpose that may be beneficial for military space operations in the coming years. Also, low-cost satellites can be deployed in anti-satellite applications by maneuvering the satellites (with soft or hard-kill payloads) near the target satellite and activating them at the intended time.
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Emergen Research has segmented the global low-cost satellite market on the basis of satellite type, application, end-use, and region:
Satellite Type Outlook (Revenue, USD Million; 2018–2028)
- Minisatellite
- Microsatellite
- Nanosatellite
- Others
Application Outlook (Revenue, USD Million; 2018–2028)
- Communication
- Imaging
- Others
End-Use Outlook (Revenue, USD Million; 2018–2028)
- Military
- Civil
- Commercial
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report addresses the following key points:
- The report provides a forecast of market drivers, restraints, and future opportunities for the Low-Cost Satellite market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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