Small Satellite Services Market size is projected to be valued $XX Billion by 2025; with a CAGR of XX% from 2017 to 2025. Small satellites are satellites of low size and mass, usually under 500 kg (1,100 lb). The ecosystem of the small satellite servicesmarket includes small satelliteservice providers, small satellite manufacturers, subsystem manufacturers, technology support providers, ministry of defense, and scientific research centers, among others.
Increasing demand for high-resolution imaging services, favorable costs and modified scope of applications and new technological advancements are some of the factors driving the small satellite services market. However, shortage of small satellite launch vehicles is one of the major restraints in the growth of small satellite services market. However, rising demand for small satellite in emerging countries may provide growth opportunities for the small satellite services market.
Small Satellite Services Market is segmented on the basis of platform, vertical, application and geography. Based on platform, the small satellite services market is segregated into CubeSat, nanosatellite, minisatellite and microsatellite. The vertical segment of small satellite services market is divided into government & military, non-profit organizations and commercial. Based on application, the small satellite service market is segmented into communication, science & technology and education, among others.
Small Satellite Services Market by geography is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Mexico and Canada are countries under North America wherein Europe covers U.K, Germany, France, and others. Asia-Pacific covers China, India, Japan, Taiwan, and others. RoW covers South America, Middle East and Africa.
Major companies operating in the small satellite services market are Singapore Telecommunications Limited, Eulsat Communications S.A., EchoStar Corporation and Viasat, Inc., among others.
The key takeaways from the report
Scope of Small Satellite Services Market