Global competitiveness and key competitor percentage market shares
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Edition: 6; Released: January 2022
Executive Pool: 566
Companies: 42 – Players covered include Antrix Corporation Ltd.; Astro Digital; Capella Space; DigitalGlobe; EchoStar Corporation; Eutelsat SA; Globalstar, Inc.; Iceye OY; Inmarsat plc; Iridium Communications, Inc.; KVH Industries, Inc.; Mallon Technology; Remote Sensing Solutions.; Satellite Imaging Corporation (SIC); Satellogic; Singapore Telecommunications Ltd. (Singtel); Telesat; The Sanborn Map Company, Inc.; ViaSat, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Application (Communication, Remote Sensing, Science & Technology and Education, Other Applications); Platform (CubeSat, Nanosatellite, Microsatellite, Minisatellite)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Small Satellite Services Market to Reach $95.6 Billion by 2026
Amid the COVID-19 crisis, the global market for Small Satellite Services estimated at US$23.8 Billion, is projected to reach a revised size of US$95.6 Billion by 2026, growing at a CAGR of 25.8% over the analysis period. CubeSat, one of the segments analyzed in the report, is projected to record a 14.4% CAGR and reach US$11.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Nanosatellite segment is readjusted to a revised 30.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $9.2 Billion in 2021, While China is Forecast to Reach $17.1 Billion by 2026
The Small Satellite Services market in the U.S. is estimated at US$9.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$17.1 Billion by the year 2026 trailing a CAGR of 25.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 22.7% and 22.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 18.6% CAGR.
Microsatellite Segment to Reach US$24.3 Billion by the year 2026
In the global Microsatellite segment, USA, Canada, Japan, China and Europe will drive the 26% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.8 Billion will reach a projected size of US$24.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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