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

Latest News

Harvey Weinstein wants to move trial out of NYC

Aug 21, 2019

NEW YORK — A lawyer for Harvey Weinstein has asked that the disgraced movie mogul's upcoming criminal trial be moved out of New York City, saying he can't get a fair trial. In a longshot motion filed with the state appellate court on Friday, attorney Arthur Aidala suggested the trial be moved to upstate Albany County or Suffolk County on Long Island. Aidala cited the intense media coverage and the circuslike atmosphere surrounding Weinstein's past court appearances in Manhattan. The 67-year-old Weinstein is charged with raping a woman in 2013 and performing a forcible sex act on a different woman...

Cowboys' Elliott won't face criminal charge in Vegas scuffle

Aug 21, 2019

LAS VEGAS — Dallas Cowboys star running back Ezekiel Elliott won't face criminal charges after scuffling with a music festival security guard in Las Vegas. Prosecutor Steve Wolfson said Tuesday the findings of a police investigation "lacked prosecutorial merit." The NFL said last month that Elliott didn't violate league personal conduct rules and wouldn't face suspension. Elliott was handcuffed but not arrested after police said he pushed a security guard to the ground at the event last May at Las Vegas Motor Speedway. Cellphone video obtained by celebrity website TMZ showed an event staffer stumbling over a parking barrier after...

Could we BE any more excited? 'Friends' fans nuts for merch

Aug 21, 2019

NEW YORK — See your "Friends" on the big screen. Deck out your place with "Friends" decor. Wear your "Friends" as jewelry. Heck, buy the "Friends" Lego set and pretend it's for your kid. If you're a "Friends" superfan, there are lots of ways to celebrate the show's 25th anniversary in September. "It transcends generations," Maryellen Zarakas, a Warner Bros. senior vice president, said of the show that ended in 2004 after 10 seasons. "Everybody still goes through growing up into your 20s when you get your first job, your first heartbreak, your first time your friends really become your...

Calls for action from Twitter after Pogba gets racist abuse

Aug 21, 2019

LONDON — Manchester United defender Harry Maguire called on social media companies to require users to verify their identities after teammate Paul Pogba was targeted on Twitter with racial abuse. Racially offensive tweets about Pogba were posted after his penalty kick was saved in United's 1-1 draw at Wolverhampton Wanderers in the English Premier League on Monday. The 20-time English champions said they "encourage social media companies to take action in these cases" and Maguire offered a solution. "Every account that is opened should be verified by a passport/driving license. Stop these pathetic trolls making numerous accounts to abuse people,"...

UK to pressure social media companies to fight anti-vax info

Aug 21, 2019

LONDON — Britain's government plans to call a summit of social media companies to discuss what more they can do to fight online misinformation about vaccines following a spike in measles cases. Although plans for such a gathering were still being worked out, Prime Minister Boris Johnson expressed concern Monday at the rising incidence of measles. He said Britain had a great record in fighting the disease but things were suddenly "going in the wrong direction," with 230 new measles cases in the first few months of this year. He said authorities need to address misleading information online about vaccinations....

About Us

Buzz Online Daily brings to you the trendy and up-to-date viral news, entertainment news, and local breaking news exclusively to our dedicated readers.

Contact us: sales[at]buzzonlinedaily.com

Subscribe Now!