A satellite is an artificial object placed manually into the orbit to serve various purposes such as navigation, collection of weather information, civilian and Earth observation (EO), and research. It is a computer-controlled system that can perform tasks such as thermal control, telemetry, power generation, attitude control, and orbit control. The data collected by satellites are used for applications such as agriculture monitoring, management of water resources, urban development, mineral prospecting, environment protection, forestry, border and maritime security, drought and flood forecasting, ocean resources, and disaster management.
Technavio’s analysts forecast the global low-cost satellite market to grow at a CAGR of 6.54% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global low-cost satellite market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of low-cost satellites.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio's report, Global Low-cost Satellite Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Fortive • Black Sky • Dauria Aerospace • Deep Space Industries • Planet Labs • SpaceX • SPIRE
Other prominent vendors • Axelspace • Clyde Space • GeoOptics • Sierra Nevada • SpaceQuest • RUAG Space • Terran Orbital
Market driver • Rapid development and deployment of low-cost satellites • For a full, detailed list, view our report
Market challenge • Limited reception of satellite signals for reliable internet • For a full, detailed list, view our report
Market trend • Evolution of second-generation iridium constellation Iridium NEXT • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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