Global Low-Cost Satellite Market 2017-2021

Global Low-Cost Satellite Market 2017-2021

About Low-cost Satellite

A satellite is an artificial object placed manually into the orbit to serve various purposes such as navigation, collection of weather information, civilian and Earth observation (EO), and research. It is a computer-controlled system that can perform tasks such as thermal control, telemetry, power generation, attitude control, and orbit control. The data collected by satellites are used for applications such as agriculture monitoring, management of water resources, urban development, mineral prospecting, environment protection, forestry, border and maritime security, drought and flood forecasting, ocean resources, and disaster management.

Technavio’s analysts forecast the global low-cost satellite market to grow at a CAGR of 6.54% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global low-cost satellite market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of low-cost satellites.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Low-cost Satellite Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Fortive
  • Black Sky
  • Dauria Aerospace
  • Deep Space Industries
  • Planet Labs
  • SpaceX
  • SPIRE
Other prominent vendors
  • Axelspace
  • Clyde Space
  • GeoOptics
  • Sierra Nevada
  • SpaceQuest
  • RUAG Space
  • Terran Orbital
Market driver
  • Rapid development and deployment of low-cost satellites
  • For a full, detailed list, view our report
Market challenge
  • Limited reception of satellite signals for reliable internet
  • For a full, detailed list, view our report
Market trend
  • Evolution of second-generation iridium constellation Iridium NEXT
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Low-cost Satellite Market 2017-2021

Technavio recognizes the following companies as the key players in the global low-cost satellite market: Black Sky, Dauria Aerospace, Deep Space Industries, Planet Labs, SpaceX, and SPIRE

Other Prominent Vendors in the market are: Axelspace, Clyde Space, GeoOptics, Sierra Nevada, SpaceQuest, RUAG Space, and Terran Orbital

Commenting on the report, an analyst from Technavio’s team said: “3D printing enables cost-efficient and just-in-time manufacturing of satellite parts along with the provision of carrying out quick design and rapid changes of internal features in the satellite, unlike traditional manufacturing methods. It has been anticipated that during the next 10-15 years, additive manufacturing will be adopted by various satellite manufacturing companies around the world to build their satellite systems. With the help of 3D printing, the researchers or the manufacturers can completely automate the satellite production process, which reduces the satellite manufacturing duration.”

According to the report, the usage of new-generation and reusable launch vehicles are paving the way for another successful and cost-effective makeover of the domain of satellite systems. In recent years, several countries focused on innovative cost-effective satellite launches. For example, in 2017, the Jiuquan Launch Center in China launched three small satellites using the Kuaizhou-1A (KZ-1A) launch vehicle. The Kuaizhou-1A is a high-precision, low-cost, and highly reliable launch vehicle developed by CASIC and marketed by the China Space Sanjiang Group. In the same year, NASA is expected to launch a suite of six next-generation, small satellites, which would provide necessary information and updates on the Earth’s hurricanes, energy requirements, and weather. Similarly, in 2016, ISRO developed low-cost reliable space launch vehicles by re-engineering and re-designing the production models of space vehicles to drive down the cost of satellite launches. In the same year, India successfully flight tested its Reusable Launch Vehicle-Technology Demonstrator. Likewise, in 2014, India’s Polar Satellite Launch Vehicle launched five satellites (one French EO satellite weighing over 1,600 lbs. and four small satellites).

Further, the report states that over the years, significant developments have taken place in the provision of internet services, globally. It began with the wired telephone/router connectivity and progressed to the high-speed wireless broadband and mobile internet connectivity. Currently, the internet service providers are focusing on extending their internet coverage to regions with no or limited internet services (especially the rural areas). However, there are certain cases when there is limited or no internet services received through wireless broadband connectivity. The primary reason resulting in the dysfunction or limited network of wireless broadband services is the limited reception of the satellite signals.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/global-space-global-low-cost-satellite-market-2017-2021

Companies Mentioned

Black Sky, Dauria Aerospace, Deep Space Industries, Planet Labs, SpaceX, SPIRE, Axelspace, Clyde Space, GeoOptics, Sierra Nevada, SpaceQuest, RUAG Space, and Terran Orbital

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Types of satellite orbits
  • Market landscape
    • Market overview
      • Table Segmentation of global low-cost satellite market
    • Market size and forecast
      • Table Global low-cost satellite market 2016-2021 ($ billions)
      • Table Types of satellites
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Market segmentation by type
      • Table Global low-cost satellite market segmentation by type 2016 and 2021
      • Table Global low-cost satellite market segmentation by type during 2016-2021 ($ billions)
    • Global low-cost communication satellite market
      • Table Global low-cost communication satellite market 2016-2021 ($ billions)
    • Global low-cost imaging satellite market
      • Table Global low-cost imaging satellite market 2016-2021 ($ billions)
      • Table CubeSats launched per year (2005-2015)
    • Geographical segmentation
    • Market segmentation by geography
      • Table Global low-cost satellite market segmentation by geography 2016 and 2021
    • Geographical segmentation by revenue
      • Table Global low-cost satellite market segmentation by geography during 2016-2021 ($ billions)
    • Low-cost satellite market in the Americas
      • Table Low-cost satellite market in the Americas 2016-2021 ($ billions)
    • Low-cost satellite market in APAC
      • Table Low-cost satellite market in APAC 2016-2021 ($ billions)
    • Low-cost satellite market in EMEA
      • Table Low-cost satellite market in EMEA 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
      • Table Worst debris crashes on Earth
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • 3D printing of low-cost satellites
    • Evolution of second-generation iridium constellation Iridium NEXT
    • Influence of big data
    • Provision of low-cost satellite-based internet services
    • Impact of nanotechnologies
  • Patent analysis
    • Patent trends
      • Table Major low-cost satellites patents (2012-2017)
  • Vendor landscape
    • Competitive scenario
      • Table Recent mergers and acquisitions
      • Table List of competitors in global low-cost satellite market
      • Table Major competitors: Benchmarking
    • Black Sky
      • Table Specifications of Blacksky Pathfinder-1 satellite
    • Dauria Aerospace
      • Table Dauria Aerospace: Product categories
    • Deep Space Industries
      • Table Deep Space Industries: Product and service portfolio
    • Planet Labs
      • Table Specifications of PlanetScope Visual Ortho Tile satellite
    • SpaceX
      • Table Specifications of Dragon spacecraft
    • SPIRE
      • Table Specifications of Lemur-1 satellite
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook