https://www.technavio.com/report/electric-propulsion-satellite-market-industry-analysis

The global small satellite market size was valued at USD 4.90 billion in 2021 and reached USD 5.60 billion in 2022. According to the report titled "Small Satellite Market, 2022-2029" by Fortune Business Insights™, the market is projected to reach a value of USD 12.02 billion by 2029, with a CAGR of 11.53% during the forecast period. The market growth is expected to be driven by the increasing adoption of 3D printing for satellite manufacturing and the expanding applications of small satellites across various sectors. These factors are anticipated to contribute to the progress of the market in the coming years, as highlighted in the report by Fortune Business Insights™. List of Key Players Profiled in the Report: Airbus S.A.S (Netherlands) The Boeing Company (U.S.) Lockheed Martin Corporation (U.S.) Northrop Grumman Corporation (U.S.) Sierra Nevada Corporation (U.S.) ST Engineering (Singapore) Thales Group (France) SPACEX (U.S.) L3Harris Technologies, Inc. (U.S.) Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/industry-reports/small-satellite-market-101917 Russia-Ukraine War Impact Economic Sanctions Imposed by the U.S. and its Allies on the Russian Federation Negatively Affected the Industry The economic sanctions imposed by the U.S. and its allies on the Russian Federation are expected to affect this industry’s growth. Furthermore, the war negatively affected the global industries leading to import and export flow disruptions. The dominance of Russia and Roscosmos, a quasi-civilian space agency in the commercial space, affected alternative launch service providers in Japan, India, Europe, and the U.S. These factors negatively affected the market during the war. Segmentation : Small Satellite Industry Type: Nano Satellite, Micro Satellite, Mini Satellite, Pico Satellite Application: Earth Observation, Communication, Scientific Research, Technology Development, Others End User: Government & Military, Commercial, Civil Orbit: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geosynchronous Orbit (GEO), Others Region: North America, Europe, Asia Pacific, Middle East & Africa, Latin America Report Coverage The report offers an in-depth analysis of the prominent segments and emerging trends within the market. It provides a comprehensive discussion on the factors driving and hindering market growth, including the impact of the COVID-19 pandemic. Furthermore, the report examines regional developments and explores the strategies implemented by key players in the market. Drivers and Restraints Robust Internet of Things Adoption in the Manufacturing Sector to Foster Market Progress Small satellites are objects developed and designed for earth observation, communication, navigation, and other purposes. Satellites are launched into several orbits that comprise Geostationary Earth Orbit (GEO), Medium Earth Orbit (MEO), and Low Earth Orbit (LEO) with the help of rockets. The robust Internet of Things (IoT) adoption in the manufacturing sector is expected to enhance satellite adoption. Furthermore, the rising adoption of satellites for transport, consumers, oil & gas, and mining is likely to fuel industry growth. These factors may drive the small satellite market growth. However, launch vehicle shortage is expected to hinder the market growth. Regional Insights Rising Research & Development Investments in NASA to Fuel Growth in North America North America is expected to dominate the small satellite market share due to rising research and development investments in NASA. The market size in North America stood at USD 2.53 billion in 2021 and is expected to gain a huge portion of the global market share in the coming years. Furthermore, the adoption of tri-band antenna and SKYWAN technology is expected to foster the industry’s progress. For example, CubeSat announced a launch initiative from its international space station for the 109th CubeSat in July 2020. In Europe, launching IoT services and the internet for numerous applications is expected to enhance the product adoption. Furthermore, the rising focus on executing and developing low-cost missions is expected to propel market growth. In Asia Pacific, strong demand from India, Japan, and China is expected to foster industry growth. Furthermore, the development of plans by ISRO is expected to foster the industry’s progress. Competitive Landscape Prominent Players Announce Novel Facilities to Expand Market Reach Prominent companies operating in the market announce novel facilities to expand their market reach. For example, Boeing announced its novel high-throughput test facility, integration, and small satellite production in March 2022. This development was meant to enhance productivity and fasten delivery times. The production facility shall be powered by Millennium Space Systems, a Boeing subsidiary, and shall be housed in the largest satellite production facility globally. This strategy may expand the company’s market reach worldwide. Further, companies devise automated production techniques, research and development, mergers, acquisitions, and collaborations to enhance the market growth.

https://www.technavio.com/report/satellite-market-industry-analysis

The global LEO satellite market is anticipated to register an impressive CAGR in the forecast period, 2023-2027. The rise in investments in low-earth orbit LEO satellites owing to the increase in the demand for LEO-based services and their massive commercial applications primarily drives the global LEO satellite market. Also, the high-end investments by the market players in research and development activities to miniaturize satellites and integrate electronic devices to increase connectivity are expected to create growth opportunities for the global LEO satellite market in the next five years. Download Free Sample Report in PDF Format: https://www.techsciresearch.com/sample-report.aspx?cid=13084 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/leo-satellite-market/13084.html Market Players L3Harris Technologies, SpaceX, Honeywell International Inc., Airbus, Lockheed Martin, Northrop Grumman Corporation, Antrix Corporation Limited, Apstar, Ariane Group, Ball Aerospace & Technologies Corp, are the major market players operating in the global LEO satellite market.

The global small satellite market size was valued at USD 4.90 billion in 2021 and reached USD 5.60 billion in 2022. The market is expected to be valued at USD 12.02 billion by 2029, exhibiting a CAGR of 11.53% during the forecast period. Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/industry-reports/small-satellite-market-101917

https://www.databridgemarketresearch.com/reports/global-earth-observation-satellite-market

Global small satellite market valued at USD 4.90B in 2021, reached USD 5.60B in 2022, and projected to reach USD 12.02B by 2029 with a CAGR of 11.53%, driven by 3D printing adoption and growing satellite applications across sectors. Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/industry-reports/small-satellite-market-101917

https://www.technavio.com/report/satellite-market-industry-analysis

Global Small Satellite Market has valued at USD 131 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.46% through 2028. A small satellite is a downsized spacecraft that is smaller than a typical satellite and weighs less than a thousand kilograms. Its feasibility is further increased by the fact that it can be constructed in a shorter amount of time and with fewer human resources. These satellites are used for a number of purposes, including in-orbit inspection, communication, surveillance, and earth observation. The global small satellite market share has been further stimulated by recent advancements in the commercial space economy. Global demand for these satellites is being driven by notable private ventures like Kuiper, OneWeb, and Starlink. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=13120 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/small-satellite-market/13120.html Key Market Players Airbus S.A. The Boeing Company Lockheed Martin Corporation Northrop Grumman Corporation Sierra Nevada Corporation ST Engineering Thales Group SpaceX L3Harries Technologies