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Small Satellite Services Market by Platform (CubeSat, Nanosatellite, Microsatellite, Minisatellite), Vertical (Government & Military, Non-Profit Organizations, Commercial), Application (Remote Sensing, Communication), and Region - Global Forecast to 2022

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Date: 27-Mar-2018
No. of pages: 160
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Satellite miniaturization and increasing demand for earth observation and satellite broadband services are expected to drive the small satellite services market during the forecast period

The small satellite services market is estimated at USD 14.88 billion in 2017and is projected to reach USD 53.22 billion by 2022, at a CAGR of 29.03% during the forecast period. Key factors, such as increasing demand for internet access to areas without broadband connectivity and satellite miniaturization are expected to fuel the growth of the small satellite services market. However, factors, such as lack of dedicated launch vehicles and design-related limitations may act as restraints for the growth of the small satellite services market.

Based on platform, the mini satellite segment is expected to lead the small satellite services market, while the nanosatellite segment is projected to grow at the highest rate during the forecast period

Based on platform, the minisatellite segment is projected to lead the small satellite services market during the forecast period. Minisatellites provide services, such as telecommunication, earth observation & meteorology, scientific research & exploration, mapping & navigation, and surveillance & security. The nanosatellite segment is projected to witness the highest growth. The low mission cost of nanosatellites has led to an increasing demand for these services in the defense sector.

Based on vertical, the commercial segment is expected to lead the small satellite services market during the forecast period

Based on vertical, the commercial segment is projected to lead the small satellite services market during the forecast period, followed by the government & military segment. Small satellites help commercial companies gather global real-time data and distribute it at a surprisingly low price to their customers across a wide geographic area. Furthermore, advancements in terrestrial computing and the ability of satellites to communicate with one another have helped enhance the use fullness of small satellites in services, such as scientific research.

North America is estimated to account for the largest share of the small satellite services market in 2017
North America led the small satellite services market in 2016. The rising demand for small satellites in the defense sector is due to their use for surveillance activities, which ensures continued access to real-time data. The small satellite services market in North America is expected to account for the largest market share in 2017.

Break-up of profiles of primary participants in this report:


  • By Company Size: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%

  • By Designation Level: C Level – 35%, Director Level – 25%, Others – 40%

  • By Region: North America - 45%, Europe – 20%, Asia Pacific – 30%, RoW – 5%


Key players profiled in the small satellite services market report include Singapore Telecommunications Limited (Singapore), Eutelsat Communications S.A. (France), EchoStar Corporation (US), Inmarsat plc (UK), and Viasat, Inc. (US), among others.

Research Coverage

The study segments the small satellite services market on the basis of platform (CubeSat, nanosatellite, microsatellite, and minisatellite), vertical (government & military, non-profit organizations, and commercial), application (communication, remote sensing, science & technology and education, and others), and maps these segments and subsegments across major regions, namely, North America, Europe, Asia Pacific, and RoW. The report provides in-depth market intelligence regarding the market dynamics and major factors, such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the small satellite services market, along with analysis of micro markets with respect to individual growth trends, future prospects, and their contribution to the small satellite services market.

Reasons to buy this report:

From an insight perspective, this research report has focused on various levels of analyses - industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss basic views on the competitive landscape, emerging and high growth segments of the small satellite services market, high growth regions, and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:


  • Market Penetration: Comprehensive information on small satellite offerings by top players in the market

  • Service Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new service launches in the small satellite services market

  • Market Development: Comprehensive information about lucrative markets – the report analyzes the market for small satellite services across regions

  • Market Diversification: Exhaustive information about new services, untapped geographies, recent developments, and investments in the small satellite services market

  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the small satellite services market.

Small Satellite Services Market by Platform (CubeSat, Nanosatellite, Microsatellite, Minisatellite), Vertical (Government & Military, Non-Profit Organizations, Commercial), Application (Remote Sensing, Communication), and Region - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency & Pricing
1.5 Study Limitations
1.6 Market Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Demand-Side and Supply-Side Analysis
2.2.1 Introduction
2.2.2 Demand-Side Indicators
2.2.2.1 Increasing Use of Satellite Imagery By Government and Commercial Agencies
2.2.2.2 Improved Accuracy and Reliability of Earth Observation (EO) Data
2.2.2.3 Rising Applicability of Big Data
2.2.3 Supply-Side Indicators
2.2.3.1 Miniaturization of Electronics and Subcomponents Used in Small Satellites
2.2.3.2 Advancements in Microsatellite and Nanosatellite Technologies
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Market Breakdown & Data Triangulation
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Demand for Remote Sensing Services and Situational Awareness is Expected to Offer Several Untapped Opportunities in the Small Satellite Services Market
4.2 Communication Application Segment, By Subsegment
4.3 Remote Sensing Application Segment, By Subsegment
4.4 Commercial Vertical Segment, By Subsegment
4.5 Remote Sensing Application Segment, By Region
4.6 Commercial Vertical Segment, By Region
4.7 Nanosatellite (1–10 Kg) Platform Segment, By Region

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Platform
5.2.2 By Vertical
5.2.3 By Application
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Satellite Miniaturization
5.3.1.2 Increasing Focus on Reducing Mission Cost
5.3.1.3 High Investments By Venture Companies in the Small Satellite Services Market
5.3.1.4 Growth of Cloud Computing Market
5.3.1.5 Increasing Use of Small Satellite Remote Sensing Services
5.3.1.6 Increased Demand for Situational Awareness (SA)
5.3.2 Restraints
5.3.2.1 Programmatic and Scientific Risks Involved in the Production of Small Satellites
5.3.2.2 Lack of Dedicated Launch Vehicles for Small Satellite
5.3.2.3 Design-Related Limitations of Small Satellites
5.3.3 Opportunities
5.3.3.1 High Data Rate Communication
5.3.3.2 Proposed Development of Satellite Networks to Provide Internet Access Without Broadband Connectivity
5.3.3.3 Demand for Leo-Based Services
5.3.4 Challenges
5.3.4.1 Radio Spectrum Availability Issues
5.3.4.2 Scarce Intellectual Asset
5.3.4.3 Increasing Number of Proposed Small Satellites May Lead to Regulatory Challenges

6 Industry Trends
6.1 Introduction
6.2 Technology Trends
6.2.1 Radio Occultation
6.2.2 Full Motion Video
6.2.3 Hyper-Spectral and Multi-Spectral Imaging
6.2.4 Automated Meter Reading (AMR)
6.2.5 Vehicle Fleet Tracking
6.2.6 Use of Small Satellites to Provide Enhanced Space Imagery
6.3 Future Developments
6.3.1 Power Subsystems
6.3.2 Altitude Determination and Control
6.3.3 Propulsion
6.3.4 Structures, Materials, and Mechanisms
6.3.5 Communication
6.3.6 Launch Capability
6.4 Emerging Trends
6.4.1 Technological Advancements in Earth Observation Services
6.4.2 Space Debris Removal
6.4.3 Synthetic Aperture Radar (SAR)
6.4.4 Satellite Photography and Multispectral Imaging
6.4.5 Real-Time Acquisition and Processing Integrated Data Systems (RAPIDS)
6.4.6 Transportable Ground Receiving Station (GRS)
6.5 Venture Capital (VC) Funding
6.6 Cost Estimation/Comparison
6.6.1 Imagery and Radar Data From Space
6.6.2 Electro-Optic (EO) and Synthetic Aperture Radar (SAR) Image Pricing
6.6.3 Orthorectified Image
6.6.4 Coherently Combined Images
6.6.4.1 Change Detection
6.6.5 Digital Terrain Elevation Detection
6.7 Small Satellite Manufacturing - Supply Chain Analysis
6.7.1 Reasons for the Prevalence Or Probability of Satellite Failure
6.8 Reasons for Failure of Satellite Bus Components
6.8.1 Satellite Vulnerability Analysis
6.9 Small Satellite Launches Between 2015 and 2017
6.10 Space Launch Statistics, 2017
6.11 Reasons for Satellite Failure Or Backlog
6.12 Innovation & Patent Registrations

7 Small Satellite Services Market, By Platform
7.1 Introduction
7.2 Cubesat
7.3 Microsatellite (11-100 Kg)
7.4 Minisatellite (101-500 Kg)
7.5 Nanosatellite (1-10 Kg)

8 Small Satellite Services Market, By Vertical
8.1 Introduction
8.2 Commercial
8.3 Government & Military
8.4 Non-Profit Organization

9 Small Satellite Services Market, By Application
9.1 Introduction
9.2 Communication
9.2.1 Mobile Satellite Services
9.2.2 Fixed Satellite Services
9.2.3 Broadcast Satellite Services
9.3 Remote Sensing
9.3.1 Earth Imaging Services
9.3.2 Meteorology Services
9.3.3 Mapping & Monitoring Services
9.3.4 Others
9.4 Science & Technology and Education
9.5 Others

10 Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.3 Europe
10.3.1 Russia
10.3.2 France
10.3.3 Germany
10.3.4 UK
10.3.5 Italy
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 South Korea
10.4.5 Rest of Asia Pacific
10.5 Rest of the World
10.5.1 Middle East
10.5.2 South America
10.5.3 Africa

11 Competitive Landscape
11.1 Introduction
11.2 Market Ranking Analysis
11.3 Competitive Scenario
11.3.1 Contracts
11.3.2 New Product Launches
11.3.3 Agreements/Collaborations/Joint Ventures/Acquisitions/Partnerships

12 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
12.1 Introduction
12.2 Eutelsat
12.3 Globalstar
12.4 Inmarsat
12.5 Iridium Communication
12.6 Viasat
12.7 KVH Industries
12.8 Echostar
12.9 Singtel
12.10 Telesat

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.3 Introducing RT: Real-Time Market Intelligence
13.4 Available Customization
13.5 Related Reports
13.6 Author Details

List of Tables

Table 1 Small Satellite Services Market, By Platform
Table 2 Small Satellite Services Market, By Vertical
Table 3 Small Satellite Services Market, By Application
Table 4 Nanosatellite and Cubesats Launched Worldwide ( 2015- 2017)
Table 5 Vc Funding Companies in the Satellite Industry (2015-2016)
Table 6 Mono High & Medium-Resolution Satellite Imagery
Table 7 Stereo High & Medium-Resolution Satellite Imagery
Table 8 Electro-Optic Image Price
Table 9 Synthetic Aperture Radar (SAR) Image Pricing
Table 10 Orthorectified Image Pricing
Table 11 Change Detection Image Pricing
Table 12 Maritime Package
Table 13 Interferometric Stack Package
Table 14 Digital Terrain Model & Digital Surface Model Pricing List
Table 15 Reasons for the Prevalence Or Probability of Satellite Failure
Table 16 Orbital Launch Attempts By Country
Table 17 Innovation & Patent Registrations, 2010-2016
Table 18 Small Satellite Services Market Size, By Platform, 2015-2022 (USD Million)
Table 19 Cubesat Segment, By Region, 2015-2022 (USD Million)
Table 20 Microsatellite (11-100 Kg) Segment, By Region, 2015-2022 (USD Million)
Table 21 Minisatellite (101-500 Kg) Segment, By Region, 2015-2022 (USD Million)
Table 22 Nanosatellite (1-10 Kg) Segment, By Region, 2015-2022 (USD Million)
Table 23 Small Satellite Services Market Size, By Vertical, 2015-2022 (USD Million)
Table 24 Commercial Segment, By Region, 2015-2022 (USD Million)
Table 25 Commercial Segment, By Subsegment, 2015-2022 (USD Million)
Table 26 Government & Military Segment, By Region, 2015-2022 (USD Million)
Table 27 Non-Profit Organization Segment, By Region, 2015-2022 (USD Million)
Table 28 Small Satellite Services Market Size, By Application, 2015-2022 (USD Million)
Table 29 Communication Segment, By Region, 2015-2022 (USD Million)
Table 30 Communication Segment, By Subsegment, 2015-2022 (USD Million)
Table 31 Remote Sensing Segment, By Region, 2015-2022 (USD Million)
Table 32 Remote Sensing Segment, By Subsegment, 2015-2022 (USD Million)
Table 33 Science & Technology and Education Segment, By Region, 2015-2022 (USD Million)
Table 34 Others Segment, By Region, 2015-2022 (USD Million)
Table 35 Small Satellite Services Market Size, By Region, 2015-2022(USD Million)
Table 36 North America: Small Satellite Services Market Size, By Platform, 2015-2022 (USD Million)
Table 37 North America: Small Satellite Services Market Size, By Application, 2015-2022(USD Million)
Table 38 North America: Small Satellite Services Market Size, By Vertical, 2015-2022 (USD Million)
Table 39 North America: Small Satellite Services Market Size, By Country, 2015-2022(USD Million)
Table 40 US: Small Satellite Services Market Size, By Platform, 2015-2022 (USD Million)
Table 41 US: Small Satellite Services Market Size, By Vertical, 2015-2022 (USD Million)
Table 42 Canada: Small Satellite Services Market Size, By Platform, 2015-2022 (USD Million)
Table 43 Canada: Small Satellite Services Market Size, By Vertical, 2015-2022 (USD Million)
Table 44 Europe: Small Satellite Services Market Size, By Platform, 2015-2022(USD Million)
Table 45 Europe: Small Satellite Services Market Size, By Application, 2015-2022(USD Million)
Table 46 Europe: Small Satellite Services Market Size, By Vertical, 2015-2022(USD Million)
Table 47 Europe: Small Satellite Services Market Size, By Country, 2015-2022(USD Million)
Table 48 Russia: Small Satellite Services Market Size, By Platform, 2015-2022 (USD Million)
Table 49 Russia: Small Satellite Services Market Size, By Vertical, 2015-2022 (USD Million)
Table 50 France: Small Satellite Services Market Size, By Platform, 2015-2022 (USD Million)
Table 51 France: Small Satellite Services Market Size, By Vertical, 2015-2022 (USD Million)
Table 52 Germany: Small Satellite Services Market Size, By Platform, 2015-2022 (USD Million)
Table 53 Germany: Small Satellite Services Market Size, By Vertical, 2015-2022 (USD Million)
Table 54 UK: Small Satellite Services Market Size, By Platform, 2015-2022 (USD Million)
Table 55 UK: Small Satellite Services Market Size, By Vertical, 2015-2022 (USD Million)
Table 56 Italy: Small Satellite Services Market Size, By Platform, 2015-2022 (USD Million)
Table 57 Italy: Small Satellite Services Market Size, By Vertical, 2015-2022 (USD Million)
Table 58 Rest of Europe: Small Satellite Services Market Size, By Platform, 2015-2022 (USD Million)
Table 59 Rest of Europe: Small Satellite Services Market Size, By Vertical, 2015-2022 (USD Million)
Table 60 Asia Pacific: Small Satellite Services Market Size, By Platform, 2015-2022(USD Million)
Table 61 Asia Pacific: Small Satellite Services Market Size, By Application, 2015-2022 (USD Million)
Table 62 Asia Pacific: Small Satellite Services Market Size, By Vertical, 2015-2022 (USD Million)
Table 63 Asia Pacific: Small Satellite Services Market Size, By Country, 2015-2022 (USD Million)
Table 64 China: Small Satellite Services Market Size, By Platform, 2015-2022 (USD Million)
Table 65 China: Small Satellite Services Market Size, By Vertical, 2015-2022 (USD Million)
Table 66 Japan: Small Satellite Services Market Size, By Platform, 2015-2022 (USD Million)
Table 67 Japan: Small Satellite Services Market Size, By Vertical, 2015-2022 (USD Million)
Table 68 India: Small Satellite Services Market Size, By Platform, 2015-2022 (USD Million)
Table 69 India: Small Satellite Services Market Size, By Vertical, 2015-2022 (USD Million)
Table 70 South Korea: Small Satellite Services Market Size, By Platform, 2015-2022 (USD Million)
Table 71 South Korea: Small Satellite Services Market Size, By Vertical, 2015-2022 (USD Million)
Table 72 Rest of Asia Pacific: Small Satellite Services Market Size, By Platform, 2015-2022 (USD Million)
Table 73 Rest of Asia Pacific: Small Satellite Services Market Size, By Vertical, 2015-2022 (USD Million)
Table 74 Rest of the World: Small Satellite Services Market Size, By Platform, 2015-2022(USD Million)
Table 75 Rest of the World: Small Satellite Services Market Size, By Application, 2015-2022(USD Million)
Table 76 Rest of the World: Small Satellite Services Market Size, By Vertical, 2015-2022(USD Million)
Table 77 Rest of the World: Small Satellite Services Market Size, By Country, 2015-2022 (USD Million)
Table 78 Middle East: Small Satellite Services Market Size, By Platform, 2015-2022 (USD Million)
Table 79 Middle East: Small Satellite Services Market Size, By Vertical, 2015-2022 (USD Million)
Table 80 South America: Small Satellite Services Market Size, By Platform, 2015-2022 (USD Million)
Table 81 South America: Small Satellite Services Market Size, By Vertical, 2015-2022 (USD Million)
Table 82 Africa: Small Satellite Services Market Size, By Platform, 2015-2022 (USD Million)
Table 83 Africa: Small Satellite Services Market Size, By Vertical, 2015-2022 (USD Million)

List of Figures

Figure 1 Small Satellite Services Market Segmentation
Figure 2 Research Flow
Figure 3 Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation
Figure 8 Assumptions of the Research Study
Figure 9 Nanosatellite Platform Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 10 Commercial Vertical Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 11 Remote Sensing Application Segment is Projected to Lead the Small Satellite Services Market During the Forecast Period
Figure 12 North America is Estimated to Lead the Small Satellite Services Market in 2017
Figure 13 Attractive Growth Opportunities in the Small Satellite Services Market From 2017 to 2022
Figure 14 Mobile Satellite Services Subsegment is Expected to Lead the Communication Application Segment From 2017 and 2022
Figure 15 Earth Imaging Services Subsegment is Expected to Lead the Remote Sensing Application Segment From 2017 to 2022
Figure 16 Media & Entertainment Subsegment is Expected to Lead the Commercial Vertical Segment From 2017 to 2022
Figure 17 North America is Expected to Lead the Remote Sensing Application Segment From 2017 to 2022
Figure 18 North America is Expected to Lead the Commercial Vertical Segment From 2017 to 2022
Figure 19 North America is Expected to Lead the Nanosatellite (1–10 Kg) Platform Segment From 2017 to 2022
Figure 20 Small Satellite Services Market, By Platform
Figure 21 Small Satellite Services Market, By Vertical
Figure 22 Small Satellite Services Market, By Application
Figure 23 Market Dynamics for Small Satellite Services Market
Figure 24 Nanosatellite (1–10 Kg) Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 Commercial Vertical Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 26 Remote Sensing Application Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 Small Satellite Services Market: Regional Snapshot
Figure 28 North America Small Satellite Services Market Snapshot
Figure 29 Europe Small Satellite Services Market Snapshot
Figure 30 Asia Pacific Small Satellite Services Market Snapshot
Figure 31 Companies Adopted Contracts as the Key Growth Strategy Between July 2011 and December 2017
Figure 32 Market Ranking Analysis (2017)
Figure 33 Eutelsat: Company Snapshot
Figure 34 Eutelsat: SWOT Analysis
Figure 35 Globalstar: Company Snapshot
Figure 36 Globalstar: SWOT Analysis
Figure 37 Inmarsat: Company Snapshot
Figure 38 Inmarsat: SWOT Analysis
Figure 39 Iridium Communication: Company Snapshot
Figure 40 Iridium Communication: SWOT Analysis
Figure 41 Viasat: Company Snapshot
Figure 42 Viasat: SWOT Analysis
Figure 43 KVH Industries: Company Snapshot
Figure 44 Echostar: Company Snapshot
Figure 45 Singtel: Company Snapshot
Figure 46 Telesat: Company Snapshot

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