Global Small Satellite Services Market Overview:
Small satellites are also known as “smallsats”, they are an emerging class of spacecraft. Small satellites include recent improved software and hardware, mainly ones derived from the IT and electronics industries, and benefit from the subsequent high ability that is feasible in small packages. The small satellites have lower cost for both development and lunch of satellite, shorter development cycles, and smaller development teams as compare to traditional satellites.
Growth Drivers
- High Investments by Venture Companies in the Small Satellite
- Growing Use of Small Satellite for Remote Sensing
Roadblocks
- Scientific Risks Involved in the Production of Small Satellites
- Limitations Related to the Design of Small Satellites
Opportunities
- There is a tremendous opportunity for reinvention of technology, business practices, and markets for the space industry as there is rapid growth in the small satellite market. There is lower barriers to entry, the small satellite market which encourages many non‐traditional entrants with new ideas to discover how they would deliver a new product.
Challenges
- Limited Availability of Intellectual Asset and Radio Spectrum
Competitive Landscape:
Some of the key players profiled in the report are Globalstar, Inc. (United States), TriSept Corporation (United States), EchoStar Corporation (United States), KVH Industries, Inc. (United States), Inmarsat plc (United Kingdom), Singapore Telecommunications Limited (Singapore), Eutelsat Communications S.A. (France), Viasat, Inc. (United States) and General Atomics (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Small Satellite Services market by 2026. Considering Market by Technology, the sub-segment i.e. Radio Occultation will boost the Small Satellite Services market. Considering Market by End-User, the sub-segment i.e. Commercial Sector will boost the Small Satellite Services market.
Latest Market Insights:
December 17, 2019 - Hughes Network Systems, a leading provider of managed network services under its HughesON brand, announced that it has added the VMware SD-WAN powered by VeloCloud platform to its HughesON Managed SD-WAN portfolio for enterprise customers. and December 6, 2019 - Hughes Network Systems, LLC, and Al Yah Satellite Communications Company (Yahsat), a leading global satellite operator based in the United Arab Emirates and wholly owned by Mubadala Investment Company (Mubadala), has announced the commencement of a joint venture to provide satellite broadband services in Brazil.
What Can be Explored with the Small Satellite Services Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Small Satellite Services Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Small Satellite Services
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Small Satellite Services market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Small Satellite Services market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Original Equipment Manufacturers (OEMs), OEM Technology Solution Providers, Technology Support Providers, Service and Solution Providers and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.