Wednesday, March 22, 2023
  • About Us
  • Contact Us
KsaWeekly.com
  • News
  • Business
  • Finance
  • Technology
  • Lifestyle
  • Middle East
  • Press Release
Submit a News Release
No Result
View All Result
KsaWeekly.com
Submit PR
Home Press Release

Small Satellite Market Witness the Growth of $7.4 billion by 2026

Press Room by Press Room
November 10, 2022
in Press Release
Share on FacebookShare on Twitter


(EMAILWIRE.COM, November 10, 2022 ) According to the latest market research report the Small Satellite Market is projected to grow from USD 3.1 billion in 2021 to USD 7.4 billion by 2026, at a CAGR of 19.4 %. Small satellites are miniaturized and cost-effective; they are designed for commercial, communication, and space research purposes. According to NASA, small satellites are classified according to their mass in kilograms (kg). The mass of Small Satellites can be considered below 500 kg.

Key Market Players

The Small satellite is dominated by a few globally established players such as Thales Group (France), L3Harris Technologies (US), Honeywell International Inc. (US), Lockheed Martin (US), Northrop Grumman (US), Airbus (Germany) among others, which are the key manufacturers that secured small satellite system contracts in the last few years. Major focus was given to the contracts and new product development due to the changing requirements of commercial, government and military & space users across the world.

Ask for PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=150947396

Based on platform, the commercial segment is estimated to lead the small satellite market from 2021 to 2026

It is projected to grow further due to the increasing need for communications, earth observation, imaging, and agricultural monitoring. Companies such as Pumpkin Space (US) use small satellites for scientific experiments such as testing new technologies like batteries with sleep mode capability (BM-2). BUSEK Space Propulsion and Systems (US) is another company focused on developing new propulsion systems such as the pulsed plasma thruster, green monopropellant thrusters, and electrothermal thrusters. In 2019, OneWeb Satellites, a joint venture between OneWeb and Airbus SE, launched around 34 satellites for the OneWeb constellation from on Baikonur, Kazakhstan.

Based on satellite mass, the small satellite segment is expected to lead the small satellite market from 2021 to 2026

A small satellite is a type of low mass and compact satellite primarily employed for remote sensing, Earth observation, and communication purposes. These satellites usually weigh less than 500 kg. Small satellites are used for in-orbit inspection purposes of larger satellites. These are also used as test carriers for newly developed components that are to be installed on a much critical satellite. However, small satellites are prone to operational challenges that include lack of power storage and propulsion system, owing to their small dimensions. In January 2022, satellite communications provider, Starlink launched a part of constellation of small satellites in low-Earth orbit.

Based on application, the communication segment is expected to lead the small satellite market from 2021 to 2026

Small satellites are increasingly being adopted in modern communication technologies. The introduction of 5G and the development of miniature hardware systems are exploiting numerous opportunities in the field of satellite-enabled communication. A rise in R&D activities for communication-related missions is expected to offer enhanced quality communication systems with the help of highly sophisticated miniaturized on-board nano, micro, and mini subsystems, coupled with advanced mission-compatible ground-station technology.

Based on frequency, the ku-band segment is expected to lead the small satellite market from 2021 to 2026

Based on frequency, the small satellite market is segmented into Ku-band, Ka-band, X-band, C-band, L-band, S-band, HF/VHF/UHF-band, and Q/V-band. The Ku-band radar frequency operates within a range between 10.7 GHz and 12.75 GHz. The Ku-band frequency spectrum is used for satellite communication. This band is primarily used for mapping .Ku-band antennas are economical and flexible means of obtaining a high-throughput as compared to C-band. Thus, Ku-band antennas are suitable for use over a wider range of data communication. In 2020, Orbsat Corp (US), a global provider of communication solutions for global connectivity via next-generation satellite technology, announced that its Global Telesat Communications (GTC) subsidiary expanded its initial global sales and distribution partnership with Kymeta (US) to include its entire line of unique Ku-band flat-panel satellite communication terminals, including the recently launched Kymeta u8 (2020)

Based on region, North America is expected to lead the small satellite market from 2021 to 2026

The US is a lucrative market for small satellite systems in the North American region. The US government is increasingly investing in advanced small satellite technologies to enhance the quality and effectiveness of satellite communication. The increasing investment on small satellite equipment to enhance defense and surveillance capabilities of the armed forces, modernization of existing communication in military platforms, critical infrastructure and law enforcement agencies using small satellite systems, are key factors expected to drive the small satellite market in North America. In 2021, Swarm Technologies launched 28, 0.25U CubeSat SpaceBEE. The CubeSat is the world’s smallest two-way communications satellites for IoT.

Request for Sample Report @

https://www.marketsandmarkets.com/requestsampleNew.asp?id=150947396

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



Source link

Previous Post

Hip Replacement Market Competitive Landscape And Opportunities 2022-28

Next Post

طرح شاحنات دونج فينج KL وKR الجديدة كليًا في فيتنام، لتبدأ رحلتها عبر الأسواق العالمية

RECOMMENDED NEWS

UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

2 months ago
Mass Notification Systems Market: Size, Share, Trends, Current and Future Analysis

Automated Breach and Attack Simulation Market Set to Witness an Uptick Size USD 915,901 thousand to 2025: MarketsandMarkets™

8 months ago
Recycled Plastics Market worth $43.5 billion by 2026

Recycled Plastics Market worth $43.5 billion by 2026

3 months ago
What One Needs to Get a Personal Loan in UAE

Benefits of Using a Citi Credit Card in UAE

9 months ago

BROWSE BY CATEGORIES

  • Business
  • Finance
  • Lifestyle
  • Middle East
  • News
  • Press Release
  • Technology

POPULAR NEWS

  • ZainTech partners with LigaData to deliver data-driven digital services in MENA

    ZainTech partners with LigaData to deliver data-driven digital services in MENA

    0 shares
    Share 0 Tweet 0
  • تم إطلاق VOYAH FREE في أوروبا وتم افتتاح معرض VOYAH.

    0 shares
    Share 0 Tweet 0
  • Saudi Arabia’s NuqtahNFT and ConsenSys partner to empower Web 3 startups

    0 shares
    Share 0 Tweet 0
  • Vidliz Expands Its Data-Driven Online Marketing Services in the Middle East

    0 shares
    Share 0 Tweet 0
  • NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

    0 shares
    Share 0 Tweet 0

KSA Weekly™ publishes and aggregates business, socio-economic, Tech and industrial news on Saudi Arabia, Middle East and North Africa (MENA).

We provide press release distribution to media in the Kingdom of Saudi Arabia, the Arab world and the GCC/MENA regions. To send your press release, contact us today.

Recent News

Recent Posts
  • Correction: BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East
  • French-speaking Saudis host cultural night in Jeddah – Arab News
  • TCS named a Top Employer in the UAE, Saudi Arabia and South … – ITP.net
  • Olayan Saudi to open new rehab hospital in Riyadh – ZAWYA
  • Saudi Arabia, Türkiye Announce Engineering Automation Project for … – Asharq Al-awsat – English

Category

News

Business

Finance

Technology

Lifestyle

Middle East

Press Releases

Subscribe to Our Newsletter

    KSA Weekly ™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC

    • About Us
    • Contact Us
    • Submit a Press Release
    No Result
    View All Result
    • News
    • Business
    • Finance
    • Technology
    • Lifestyle
    • Middle East
    • Press Release

    © 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.