The Europe Small Satellite Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.
Europe small satellite market is estimated to register a CAGR of more than 15% during the forecast period.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Small Satellite Market: Thales Alenia Space, GomSpace Group AB, Surrey Satellite Technology Ltd., AAC Clyde Space, and EnduroSat
Key Market Trends
– Europe has the second-largest public space budget in the world with numerous active satellite R&D programs and manufacturing facilities spanning different European countries. The increasing budgets towards the R&D of innovative satellite-based products and services are propelling the growth of the small satellite industry in Europe.
– The growing demand for low-cost miniaturized satellites for various applications is also driving the growth of the market. The emphasis on small satellite constellations is increasing in Europe, with several planned launches in the pipeline during the forecast period.
Nanosatellite Segment held the Largest Share in 2019
In 2019, the Nanosatellites segment held the largest share in the market. The segment is also projected to grow with the highest CAGR during the forecast period, driven by several ongoing projects aimed at developing the nanosatellites in Europe. Nanosatellites have masses between 1 to 10 kg and the project lifetime for such satellites is about two to three years on average. The European Space Agency (ESA) is currently involved in several projects aimed at developing nanosatellites. In April 2019, the ESA set up a dedicated unit for designing nanosatellite sized CubeSats. The ESA has collaborated with several small- and medium-sized European firms for designing such CubeSats for atmospheric reentry measurements, ozone monitoring, and solar radiation studies. Currently, the ESA is developing the M-ARGO Miniaturised Asteroid Remote Geophysical Observer, a suitcase-sized nanosatellite based on the CubeSat design for asteroid exploration. The ESA is also involved in the development of the Rendezvous Autonomous CubeSats Experiment (RACE), to test out autonomous rendezvous and docking capabilities for two briefcase-sized nanosatellites (CubeSats) and explore the feasibility of conducting missions through a network of the CubeSats scattered around the world at a later stage. Thus the emphasis on nanosatellite development and deployment are expected to bolster the prospects of the segment in the years to come.
The United Kingdom was the Largest Market for Small Satellites in 2019
The UK is currently one of the global powerhouses for the small satellite manufacturing industry. UK’s Surrey Satellite Technology Ltd is one of the dominant players in the market, constituting a significant share in the small satellite market, even at the global stage. The UK Space Agency envisions increasing the UK’s space economy to USD 109 billion by 2030. The country intends to play a key role in the small satellite industry in the years to come. UK government is currently planning to establish a new National Space Council, a new spaceport for small satellites as part of its space strategy. The UK Space Agency and Cornwall Council have allocated funds worth more than USD 24 million for developing facilities in Spaceport Cornwall which would enable the launch of small satellites from Cornwall by 2020. In addition, the country plans to invest about USD 34 million toward creating a constellation of small, low orbiting satellites to beam live high-resolution video to air force pilots and provide enhanced battle awareness. The small satellite constellation is called Team Artemis, which is a Royal Air Force initiative. This initiative is part of a transatlantic collaboration to launch the constellation and undertake research into the wider military uses of small satellites. UK’s Royal Air Force has partnered with Virgin Orbit in July 2019 to facilitate the launch of small satellites from the wing of a customized B747-400 aircraft. Such developments are expected to help the growth of the market in the country during the forecast period.
Influence Of The Small Satellite Market Report:
-Comprehensive assessment of all opportunities and risk in the Small Satellite market.
– Small Satellite market recent innovations and major events.
-A detailed study of business strategies for growth of the Small Satellite market-leading players.
-Conclusive study about the growth plot of Small Satellite market for forthcoming years.
-In-depth understanding of Small Satellite market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Small Satellite market.
The report has 150 tables and figures browse the report description and TOC:
What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on regional scale.
Analytical Tools: The Small Satellite Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
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