Market Overview:
The global low-cost satellite market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for low-cost satellites for various applications such as civil, commercial, and military. Low-cost communication satellites are used for voice and data transmission, while low-cost imaging satellites are used for earth observation and reconnaissance purposes. North America is expected to hold the largest share of the global low-cost satellite market in 2018 owing to the presence of major players in this region. However, Asia Pacific is projected to grow at the highest CAGR during the forecast period due to rising investments by governments and private players in this region for civilian and commercial applications.
Product Definition:
A low-cost satellite is a small, inexpensive satellite that is used for lightweight payloads and scientific research. These satellites are often used for university research projects or to test new technology. The importance of low-cost satellites is that they provide an affordable way to conduct space exploration and research.
Low-Cost Communication Satellite:
Low-cost communication satellite (LCCS) is a new term in the field of space technology. It is used to define a class of small satellites, which are designed for providing mobile communications at an economical price. These satellites can be used for various applications such as television broadcast, direct-to-home broadcasting and internet service provider among others. The primary factor driving the growth of this market is increasing demand from developing countries such as Brazil, India and Mexico among others.
Low-Cost Imaging Satellite:
Low-cost imaging satellite is a type of satellite that provides digital images in the form of still or moving pictures. These satellites are used for various applications such as land cover mapping, ice monitoring, and forest fire detection among others. The low cost involved in the deployment of these satellites is primarily responsible for their growing popularity over the past few years.
Application Insights:
The civil segment dominated the global low-cost satellite market in 2017, accounting for over 60.0% share of the total revenue. The growth can be attributed to increasing demand from government and non-government organizations for communication and meteorology satellites. Over the past few years, this market has witnessed a tremendous rise in demand owing to growing use of low-cost solutions by customers including media & entertainment companies, internet service providers, and mobile network operators among others.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The growth can be attributed to the increasing demand for satellite services from U.S.-based companies such as Verizon Communications, Inc.; Viacom Media Network, Inc.; and General Electric Company among others. Moreover, growing investments by Google LLC; Airbus Group Satellites; and other companies are expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness significant growth over a CAGR of XX% from 2018 to 2030 owing to rising demand for satellite-based communication services particularly in countries such as India and China among others due their large population size and rapid urbanization trends across various regions worldwide including Asia Pacific region is one of them). Low-cost satellites are used for mobile telecommunication purposes at great distances away from earth’s surface thus reducing charges incurred by users during long distance calls between different parts of a country or continent (i.e., continents).
Growth Factors:
- Increasing demand for broadband internet services in rural and remote areas
- Proliferation of small satellite constellations
- Development of low-cost launch vehicles
- Growing demand for Earth observation and remote sensing services
- Increased investment in space infrastructure by governments and private companies
Scope Of The Report
Report Attributes
Report Details
Report Title
Low-Cost Satellite Market Research Report
By Type
Low-Cost Communication Satellite, Low-Cost Imaging Satellite, Others, Low-Cost Satellit
By Application
Civil, Commercial, Military
By Companies
Lockheed Martin, Northrop Gruman, Raytheon, Dynetics, Black Sky, Surrey Satellite Technology, Spire, Axelspace, Aerospace, Deep Space Industries, Sierra Nevada, Clyde Space, Planet Labs, Dauria Aerospace, Terran Orbital, Thales Alenia Space, SpaceQuest, Low-Cost Satellit
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Low-Cost Satellite Market Report Segments:
The global Low-Cost Satellite market is segmented on the basis of:
Types
Low-Cost Communication Satellite, Low-Cost Imaging Satellite, Others, Low-Cost Satellit
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Civil, Commercial, Military
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lockheed Martin
- Northrop Gruman
- Raytheon
- Dynetics
- Black Sky
- Surrey Satellite Technology
- Spire
- Axelspace
- Aerospace
- Deep Space Industries
- Sierra Nevada
- Clyde Space
- Planet Labs
- Dauria Aerospace
- Terran Orbital
- Thales Alenia Space
- SpaceQuest
- Low-Cost Satellit
Highlights of The Low-Cost Satellite Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low-Cost Communication Satellite
- Low-Cost Imaging Satellite
- Others
- Low-Cost Satellit
- By Application:
- Civil
- Commercial
- Military
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Low-Cost Satellite Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Low-cost satellite refers to a type of satellite that is designed for less expensive and lower-powered applications. These satellites are typically smaller in size and have a shorter lifespan than more expensive, high-end satellites.
Some of the major companies in the low-cost satellite market are Lockheed Martin, Northrop Gruman, Raytheon, Dynetics, Black Sky, Surrey Satellite Technology, Spire, Axelspace, Aerospace, Deep Space Industries, Sierra Nevada, Clyde Space, Planet Labs, Dauria Aerospace, Terran Orbital, Thales Alenia Space, SpaceQuest, Low-Cost Satellit.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Low-Cost Satellite Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Low-Cost Satellite Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Low-Cost Satellite Market - Supply Chain
4.5. Global Low-Cost Satellite Market Forecast
4.5.1. Low-Cost Satellite Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Low-Cost Satellite Market Size (000 Units) and Y-o-Y Growth
4.5.3. Low-Cost Satellite Market Absolute $ Opportunity
5. Global Low-Cost Satellite Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Low-Cost Satellite Market Size and Volume Forecast by Type
5.3.1. Low-Cost Communication Satellite
5.3.2. Low-Cost Imaging Satellite
5.3.3. Others
5.3.4. Low-Cost Satellit
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Low-Cost Satellite Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Low-Cost Satellite Market Size and Volume Forecast by Application
6.3.1. Civil
6.3.2. Commercial
6.3.3. Military
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Low-Cost Satellite Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Low-Cost Satellite Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Low-Cost Satellite Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Low-Cost Satellite Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Low-Cost Satellite Demand Share Forecast, 2019-2026
9. North America Low-Cost Satellite Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Low-Cost Satellite Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Low-Cost Satellite Market Size and Volume Forecast by Application
9.4.1. Civil
9.4.2. Commercial
9.4.3. Military
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Low-Cost Satellite Market Size and Volume Forecast by Type
9.7.1. Low-Cost Communication Satellite
9.7.2. Low-Cost Imaging Satellite
9.7.3. Others
9.7.4. Low-Cost Satellit
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Low-Cost Satellite Demand Share Forecast, 2019-2026
10. Latin America Low-Cost Satellite Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Low-Cost Satellite Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Low-Cost Satellite Market Size and Volume Forecast by Application
10.4.1. Civil
10.4.2. Commercial
10.4.3. Military
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Low-Cost Satellite Market Size and Volume Forecast by Type
10.7.1. Low-Cost Communication Satellite
10.7.2. Low-Cost Imaging Satellite
10.7.3. Others
10.7.4. Low-Cost Satellit
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Low-Cost Satellite Demand Share Forecast, 2019-2026
11. Europe Low-Cost Satellite Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Low-Cost Satellite Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Low-Cost Satellite Market Size and Volume Forecast by Application
11.4.1. Civil
11.4.2. Commercial
11.4.3. Military
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Low-Cost Satellite Market Size and Volume Forecast by Type
11.7.1. Low-Cost Communication Satellite
11.7.2. Low-Cost Imaging Satellite
11.7.3. Others
11.7.4. Low-Cost Satellit
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Groth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Low-Cost Satellite Demand Share, 2019-2026
12. Asia Pacific Low-Cost Satellite Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Low-Cost Satellite Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Low-Cost Satellite Market Size and Volume Forecast by Application
12.4.1. Civil
12.4.2. Commercial
12.4.3. Military
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Low-Cost Satellite Market Size and Volume Forecast by Type
12.7.1. Low-Cost Communication Satellite
12.7.2. Low-Cost Imaging Satellite
12.7.3. Others
12.7.4. Low-Cost Satellit
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Low-Cost Satellite Demand Share, 2019-2026
13. Middle East & Africa Low-Cost Satellite Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Low-Cost Satellite Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Low-Cost Satellite Market Size and Volume Forecast by Application
13.4.1. Civil
13.4.2. Commercial
13.4.3. Military
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Low-Cost Satellite Market Size and Volume Forecast by Type
13.7.1. Low-Cost Communication Satellite
13.7.2. Low-Cost Imaging Satellite
13.7.3. Others
13.7.4. Low-Cost Satellit
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Low-Cost Satellite Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Low-Cost Satellite Market: Market Share Analysis
14.2. Low-Cost Satellite Distributors and Customers
14.3. Low-Cost Satellite Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Lockheed Martin
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Northrop Gruman
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Raytheon
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dynetics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Black Sky
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Surrey Satellite Technology
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Spire
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Axelspace
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Aerospace
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Deep Space Industries
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sierra Nevada
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Clyde Space
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Planet Labs
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Dauria Aerospace
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Terran Orbital
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Thales Alenia Space
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. SpaceQuest
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Low-Cost Satellit
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
