LONDON–(BUSINESS WIRE)–Jan 29, 2021–
The low-cost satellite market is expected to grow by USD 1.06 billion, progressing at a CAGR of almost 6% during the forecast period.
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Technavio has announced its latest market research report titled Global Low-Cost Satellite Market 2020-2024 (Graphic: Business Wire)
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Rapid development and deployment of low-cost satellites is one of the major factors propelling market growth. However, factors such as delays in satellite launch might hamper growth.
More details: https://www.technavio.com/report/low-cost-satellite-market-industry-analysis
Low-Cost Satellite Market: Type Landscape
Based on the type, the market saw maximum growth in the low-cost communication satellite segment. The segment is driven by increasing investments in the development of a large number of mini, micro, and nanosatellite programs. The market growth in the segment will be significant over the forecast period.
Low-Cost Satellite Market: Geographic Landscape
By geography, North America is going to have a lucrative growth during the forecast period. About 39% of the market’s overall growth is expected to originate from North America. The increasing number of developments, investments, and satellite programs is driving market growth in the region.
The US the key market for low-cost satellite market in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.
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Companies Covered:
- AAC Clyde Space group
- Axelspace Corp.
- BlackSky Global LLC
- Bradford Engineering B.V.
- Dauria Aerospace
- GeoOptics Inc.
- Planet Labs Inc.
- Sierra Nevada Corp.
- Space Exploration Technologies Corp.
- Spire Global Inc.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Low-cost communication satellite – Market size and forecast 2019-2024
- Low-cost imaging satellite – Market size and forecast 2019-2024
- Market opportunity by Type
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- AAC Clyde Space group
- Axelspace Corp.
- BlackSky Global LLC
- Bradford Engineering B.V.
- Dauria Aerospace
- GeoOptics Inc.
- Planet Labs Inc.
- Sierra Nevada Corp.
- Space Exploration Technologies Corp.
- Spire Global Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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KEYWORD:
INDUSTRY KEYWORD: SATELLITE TECHNOLOGY
SOURCE: Technavio Research
Copyright Business Wire 2021.
PUB: 01/29/2021 09:16 AM/DISC: 01/29/2021 09:16 AM
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