Growing demand for low-cost satellites in earth observation imagery is a significant factor driving global low-cost satellite market revenue growth
The global low-cost satellite market size is expected to reach USD 4,395.8 Million at a steady CAGR of 6.0% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth of low-cost satellites can be attributed to growing demand for low-cost satellites in earth observation imagery. Low-cost satellites, such as nanosatellites provide a cost-efficient means for earth observation via remote sensing and deliver frequent imageries with high temporal and spatial resolution, which is essential for monitoring and studying dynamic processes, such as land cover, vegetation, oceanography, and inland water.
The latest market intelligence report, titled ‘Global Low-Cost Satellite Market’, is intended to provide the target audience with the necessary information about the global Low-Cost Satellite industry.
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Imaging application of low-cost satellites is steadily garnering traction in various scientific fields and, thus numerous initiatives by space agencies, universities, and private firm to launch low-cost satellite missions is spurring market growth. For instance, in July 2019, SatRevolution, which is a Polish firm, announced the deployment of its first two nanosatellites, KRAKsat and Swiatowid. This deployment is the first step by the company in its initiative to launch 1,024 nanosatellites under its Real-time Earth-observation Constellation (REC) project.
Key players in the market include Dauria Aerospace, Planet Labs, Axelspace Corporation, Sierra Nevada Corporation, L3Harris Technologies Inc., SpaceX, Thales Alenia Space, Spire Global Inc., Bradford Space, and GeoOptics Inc.
The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Low-Cost Satellite market players.
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The research study presents an industry-wide summary of the Low-Cost Satellite market, including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The Low-Cost Satellite7 report analyzes the market based on different categories, such as product types, end-user applications, and leading geographical regions.
The Low-Cost Satellite market report provides an in-depth analysis of the key competitors operating in the industry. The report offers insights into their product portfolio, business overview, financial standing, market position, revenue generation, market share and market size, and production and manufacturing capacity along with pricing analysis.
Emergen Research has segmented the global low-cost satellite market on the basis of satellite type, application, end-use, and region:
- Satellite Type Outlook (Revenue, USD Million; 2018–2028)
- Application Outlook (Revenue, USD Million; 2018–2028)
- End-Use Outlook (Revenue, USD Million; 2018–2028)
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The Low-Cost Satellite industry report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.
Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered in the Report:
- What is the growth rate of the Low-Cost Satellite market? What is the anticipated market valuation of the Low-Cost Satellite industry by 2027?
- What are the key growth driving and restraining factors of the Low-Cost Satellite market?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are the key opportunities and growth prospects of the Low-Cost Satellite industry over the forecast period?
- Which region is expected to show significant growth in the coming years?
Take a look “Table of Content Low-Cost Satellite market”:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Low-Cost Satellite Market Segmentation & Impact Analysis
4.1. Low-Cost Satellite Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
126.96.36.199. Surging demand for low-cost satellites in earth observation imagery
188.8.131.52. Growing emphasis on cost reduction of miniature satellites
184.108.40.206. Increasing demand for CubeSats
4.2.3. Market restraints analysis
220.127.116.11. Design limitations
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Low-Cost Satellite Market By Satellite Type Insights & Trends, Revenue (USD Million)
5.1. Satellite Type Dynamics & Market Share, 2021 & 2028
Chapter 6. Low-Cost Satellite Market By Application Insights & Trends, Revenue (USD Million)
6.1. Application Dynamics & Market Share, 2021 & 2028
Chapter 7. Low-Cost Satellite Market By End-Use Insights & Trends, Revenue (USD Million)
7.1. End-Use Dynamics & Market Share, 2021 & 2028
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Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
Facebook | LinkdIn | Twitter | Blogs