Middle East & Africa Small Satellite Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type [Nanosatellite (1 to 10 Kg) and Microsatellite (10 to 150 Kg)], Payload [Automatic Identification System (AIS), Transmitter, Imaging Devices, an
Description
Middle East & Africa Small Satellite Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type [Nanosatellite (1 to 10 Kg) and Microsatellite (10 to 150 Kg)], Payload [Automatic Identification System (AIS), Transmitter, Imaging Devices, and Others], Application (Earth Observation, Communication and Navigation, and Scientific Research), and Vertical (Government, Military, and Commercial)
The Middle East & Africa small satellite market is expected to grow from US$ 117.53 million in 2022 to US$ 254.07 million by 2028; it is estimated to grow at a CAGR of 13.7% from 2022 to 2028
Growing Support for Progress of Small Satellite is Fueling the Middle East & Africa Small Satellite Market
Various government authorities and companies across the MEA have invested in the small satellite market owing to the increasing need for small satellites for various applications such as earth observation, communication and navigation, and scientific research. In November 2021, Fleet Space Technologies raised US$ 26 million in funds to expand the nanosatellite IoT connectivity fleet. Such investments from governments drive the growth of the small satellite market. The use of small satellites helps government authorities maintain national security, capture data regarding areas damaged by earthquakes or floods, monitor suspicious ships, and serve other purposes such as communication & navigation, earth observation, and scientific research operations. The governments of various countries are supporting the development of small satellites for earth observation. Under the project, the government announced that they would support the companies for quick construction and domestic production of a small satellite. Thus, the increasing initiatives for the development of small satellites fuel the growth of the Middle East & Africa small satellite market .
Middle East & Africa Small Satellite Market Overview
Based on country, the Middle East & Africa small satellite market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. The growth of the space industry in the Middle East & Africa is driven by collaborated investments in the industry by public organizations and original equipment manufacturers. The increasing demand for satellites for earth observation, communication, space mining, space exploration, and other applications is propelling the adoption of small satellites across the region.
Middle East & Africa Small Satellite Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Small Satellite Market Segmentation
The Middle East & Africa small satellite market is segmented based on type, payload, application, vertical, and country.
Based on type, the Middle East & Africa small satellite market is bifurcated into nanosatellite (1 to 10 Kg) and microsatellite (10 to 150 Kg). The microsatellite (10 to 150 Kg) segment held a larger market share in 2022.
Based on payload, the Middle East & Africa small satellite market is segmented into automatic identification system (AIS), transmitter, imaging devices, and others. The automatic identification system (AIS) segment held the largest market share in 2022.
Based on application, the Middle East & Africa small satellite market is segmented into earth observation, communication and navigation, and scientific research. The earth observation segment held the largest market share in 2022.
Based on vertical, the Middle East & Africa small satellite market is segmented into government, military, and commercial. The commercial segment held the largest market share in 2022.
Based on country, the Middle East & Africa small satellite market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the market share in 2022.
Lockheed Martin Corp; Northrop Grumman Corp; Raytheon Technologies Corp; and Thales SA are the leading companies operating in the Middle East & Africa small satellite market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa small satellite market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa small satellite market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa small satellite market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
The Middle East & Africa small satellite market is expected to grow from US$ 117.53 million in 2022 to US$ 254.07 million by 2028; it is estimated to grow at a CAGR of 13.7% from 2022 to 2028
Growing Support for Progress of Small Satellite is Fueling the Middle East & Africa Small Satellite Market
Various government authorities and companies across the MEA have invested in the small satellite market owing to the increasing need for small satellites for various applications such as earth observation, communication and navigation, and scientific research. In November 2021, Fleet Space Technologies raised US$ 26 million in funds to expand the nanosatellite IoT connectivity fleet. Such investments from governments drive the growth of the small satellite market. The use of small satellites helps government authorities maintain national security, capture data regarding areas damaged by earthquakes or floods, monitor suspicious ships, and serve other purposes such as communication & navigation, earth observation, and scientific research operations. The governments of various countries are supporting the development of small satellites for earth observation. Under the project, the government announced that they would support the companies for quick construction and domestic production of a small satellite. Thus, the increasing initiatives for the development of small satellites fuel the growth of the Middle East & Africa small satellite market .
Middle East & Africa Small Satellite Market Overview
Based on country, the Middle East & Africa small satellite market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. The growth of the space industry in the Middle East & Africa is driven by collaborated investments in the industry by public organizations and original equipment manufacturers. The increasing demand for satellites for earth observation, communication, space mining, space exploration, and other applications is propelling the adoption of small satellites across the region.
Middle East & Africa Small Satellite Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Small Satellite Market Segmentation
The Middle East & Africa small satellite market is segmented based on type, payload, application, vertical, and country.
Based on type, the Middle East & Africa small satellite market is bifurcated into nanosatellite (1 to 10 Kg) and microsatellite (10 to 150 Kg). The microsatellite (10 to 150 Kg) segment held a larger market share in 2022.
Based on payload, the Middle East & Africa small satellite market is segmented into automatic identification system (AIS), transmitter, imaging devices, and others. The automatic identification system (AIS) segment held the largest market share in 2022.
Based on application, the Middle East & Africa small satellite market is segmented into earth observation, communication and navigation, and scientific research. The earth observation segment held the largest market share in 2022.
Based on vertical, the Middle East & Africa small satellite market is segmented into government, military, and commercial. The commercial segment held the largest market share in 2022.
Based on country, the Middle East & Africa small satellite market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the market share in 2022.
Lockheed Martin Corp; Northrop Grumman Corp; Raytheon Technologies Corp; and Thales SA are the leading companies operating in the Middle East & Africa small satellite market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa small satellite market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa small satellite market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa small satellite market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
Table of Contents
109 Pages
- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. MEA Small Satellite Market Landscape
- 4.1 Market Overview
- 4.2 Porter’s Five Forces Analysis
- 4.2.1 Bargaining Power of Buyers
- 4.2.2 Bargaining Power of Suppliers
- 4.2.3 Threat to New Entrants
- 4.2.4 Threat to Substitutes
- 4.2.5 Competitive Rivalry
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
- 5. MEA Small Satellite Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Growing Support for Progress of Small Satellite
- 5.1.2 Growing Number of Partnerships and Contracts
- 5.2 Key Market Restraints
- 5.2.1 Deficiency of Small Satellite Manufacturers Across Emerging Regions
- 5.3 Key Market Opportunities
- 5.3.1 Budding IoT and Communication Applications
- 5.3.2 Increasing Production of Smallsats for Beyond LEO Orbit Launches
- 5.4 Future Trends
- 5.4.1 Expanding Adoption of Small Satellites for Military Applications
- 5.5 Impact Analysis of Drivers and Restraints
- 6. Small Satellite Market – MEA Market Analysis
- 6.1 Small Satellite Market MEA Overview
- 6.2 MEA Small Satellite Market Forecast and Analysis
- 7. MEA Small Satellite Market Analysis – By Type
- 7.1 Overview
- 7.2 Small Satellite Market, By Type (2021 and 2028)
- 7.3 Nanosatellite (Upto 10 Kg)
- 7.3.1 Overview
- 7.3.2 Nanosatellite (Upto10 Kg): Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- 7.4 Microsatellite (10-150 Kg)
- 7.4.1 Overview
- 7.4.2 Microsatellite (10-150 Kg): Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- 8. MEA Small Satellite Market Analysis – By Payload
- 8.1 Overview
- 8.2 Small Satellite Market, By Payload (2021 and 2028)
- 8.3 Automatic Identification System (AIS)
- 8.3.1 Overview
- 8.3.2 Automatic Identification System: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- 8.4 Transmitter
- 8.4.1 Overview
- 8.4.2 Transmitter: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- 8.5 Imaging Devices
- 8.5.1 Overview
- 8.5.2 Imaging Devices: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- 8.6 Others
- 8.6.1 Overview
- 8.6.2 Others: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- 9. MEA Small Satellite Market Analysis – By Application
- 9.1 Overview
- 9.2 Small Satellite Market Breakdown, by Application, (2021 and 2028)
- 9.3 Earth Observation
- 9.3.1 Overview
- 9.3.2 Earth Observation: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- 9.4 Communication and Navigation
- 9.4.1 Overview
- 9.4.2 Communication and Navigation: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- 9.5 Scientific Research
- 9.5.1 Overview
- 9.5.2 Scientific Research: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- 10. MEA Small Satellite Market Analysis – By Vertical
- 10.1 Overview
- 10.2 Small Satellite Market Breakdown, by Vertical, (2021 and 2028)
- 10.3 Government
- 10.3.1 Overview
- 10.3.2 Government: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- 10.4 Military
- 10.4.1 Overview
- 10.4.2 Military: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- 10.5 Commercial
- 10.5.1 Overview
- 10.5.2 Commercial: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- 11. MEA Small Satellite Market – by Country Analysis
- 11.1 MEA: Small Satellite Market
- 11.1.1 MEA: Small Satellite Market, by Key Country
- 11.1.1.1 Saudi Arabia: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- 11.1.1.1.1 Saudi Arabia: Small Satellite Market, By Type
- 11.1.1.1.2 Saudi Arabia: Small Satellite Market, by Application
- 11.1.1.1.3 Saudi Arabia: Small Satellite Market, by Payload
- 11.1.1.1.4 Saudi Arabia: Small Satellite Market, by Vertical
- 11.1.1.2 UAE: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- 11.1.1.2.1 UAE: Small Satellite Market, By Type
- 11.1.1.2.2 UAE: Small Satellite Market, by Application
- 11.1.1.2.3 UAE: Small Satellite Market, by Payload
- 11.1.1.2.4 UAE: Small Satellite Market, by Vertical
- 11.1.1.3 South Africa: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- 11.1.1.3.1 South Africa: Small Satellite Market, By Type
- 11.1.1.3.2 South Africa: Small Satellite Market, by Application
- 11.1.1.3.3 South Africa: Small Satellite Market, by Payload
- 11.1.1.3.4 South Africa: Small Satellite Market, by Vertical
- 11.1.1.4 Rest of MEA: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- 11.1.1.4.1 Rest of MEA: Small Satellite Market, By Type
- 11.1.1.4.2 Rest of MEA: Small Satellite Market, by Application
- 11.1.1.4.3 Rest of MEA: Small Satellite Market, by Payload
- 11.1.1.4.4 Rest of MEA: Small Satellite Market, by Vertical
- 12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
- 12.3 New Product Development
- 12.4 Merger and Acquisition
- 13. Company Profiles
- 13.1 Lockheed Martin Corp
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 Northrop Grumman Corp
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 Raytheon Technologies Corp
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 Thales SA
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 14. Appendix
- 14.1 About The Insight Partners
- 14.2 Word Index
- LIST OF TABLES
- Table 1. MEA Small Satellite Market, Revenue and Forecast, 2020–2028 (US$ Million)
- Table 2. Saudi Arabia: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)
- Table 3. Saudi Arabia: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 4. Saudi Arabia: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)
- Table 5. Saudi Arabia: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
- Table 6. UAE: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)
- Table 7. UAE: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 8. UAE: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)
- Table 9. UAE: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
- Table 10. South Africa: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)
- Table 11. South Africa: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 12. South Africa: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)
- Table 13. South Africa: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
- Table 14. Rest of MEA: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)
- Table 15. Rest of MEA: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 16. Rest of MEA: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)
- Table 17. Rest of MEA: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
- Table 18. List of Abbreviation
- LIST OF FIGURES
- Figure 1. MEA Small Satellite Market Segmentation
- Figure 2. MEA Small Satellite Market Segmentation – by Country
- Figure 3. MEA Small Satellite Market Overview
- Figure 4. MEA Small Satellite Market, By Type
- Figure 5. MEA Small Satellite Market, By Application
- Figure 6. MEA Small Satellite Market, By Payload
- Figure 7. MEA Small Satellite Market, By Vertical
- Figure 8. MEA Small Satellite Market, By Country
- Figure 9. MEA Porter’s Five Forces Analysis
- Figure 10. MEA Small Satellite Market: Ecosystem Analysis
- Figure 11. MEA Expert Opinion
- Figure 12. MEA Small Satellite Market: Impact Analysis of Drivers and Restraints
- Figure 13. MEA Small Satellite Market, Forecast and Analysis (US$ Million)
- Figure 14. MEA Small Satellite Market Revenue Share, by Type (2021 and 2028)
- Figure 15. Nanosatellite (Upto10 Kg): MEA Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 16. Microsatellite (10-150 Kg): MEA Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 17. MEA Small Satellite Market Revenue Share, by Payload (2021 and 2028)
- Figure 18. Automatic Identification System: MEA Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 19. Transmitter: MEA Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 20. Imaging Devices: MEA Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 21. Others: MEA Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 22. MEA Satellite Market Breakdown, by Application (2021 and 2028)
- Figure 23. Earth Observation: MEA Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 24. Communication and Navigation: MEA Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 25. Scientific Research: MEA Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 26. MEA Small Satellite Market Breakdown, by Vertical (2021 and 2028)
- Figure 27. Government: MEA Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 28. Military: MEA Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 29. Commercial: MEA Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 30. MEA: Small Satellite Market, by Key Country – Revenue (2021) (US$ Million)
- Figure 31. MEA: Small Satellite Market Revenue Share, by Key Country (2021 & 2028)
- Figure 32. Saudi Arabia: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 33. UAE: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 34. South Africa: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 35. Rest of MEA: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
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