Key Insights on the Global Low-Cost Satellite Market | Over $1 Billion Incremental Growth During 2020-2024 | Technavio

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:
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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Related Reports on Industrials Include:
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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.


  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us
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PUB: 01/29/2021 09:16 AM/DISC: 01/29/2021 09:16 AM