About Low-Cost Satellite -
Low cost satellites are the nano satellites which transfers the voice or text from one spacecraft to another and then to a person. It consists of the mass from 1 to 10kg. The Nano satellites are launched into the orbit so that the users can tap into real time tracking. This technology can function properly from different locations and can avoid attacks. Various nations are looking to launch the low cost satellites while collaborating with space faring agencies
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Low-Cost Satellite market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Low-Cost Satellite Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Low-Cost Satellite - market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Black Sky (United States), Dauria Aerospace (Russia), Deep Space Industries (United States), Planet Labs (United States), SpaceX (United States), SPIRE (United States), Axelspace (Japan), Clyde Space (United States), GeoOptics (United States) and Sierra Nevada (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are SpaceQuest (United States), RUAG Space (Switzerland), Terran Orbital (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Low-Cost Satellite - market by Type (Nano satellite, Micro satellite and Others), Application (Civil, Commercial and Military) and Region.
On the basis of geography, the market of Low-Cost Satellite - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Function, the sub-segment i.e. Imaging will boost the Low-Cost Satellite - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Autonomous Satellites Which are Capable of Fault Corrections
Market Growth Drivers:
Low Cost of Small Satellite and Equipped with the Technology and Rising Capabilities of Small Satellite
Challenges:
Presence of Major Players is leading to High Competition and Development of Small Payload Satellite to Launch on the Earth’s Orbit
Restraints:
Cleanup and Removal of Space Debris May Hamper the Market
Opportunities:
Requirement of Better Connectivity is increasing the Demand of the Small Satellite and Rising Data Analytics and Migration to Streaming Broadband
Market Leaders and their expansionary development strategies
In 2018, Planet has announced that it has acquired Boundless Special, Inc. to deliver the geospatial data subscriptions and increase the adoption for enterprises.
In March 2024, SpaceX launched 53 commercial satellites from California on Monday, including an innovative methane emissions monitor built by a nonprofit, then fired off 23 more of its own Starlink satellites from Florida.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.