Small Satellite Market to Significantly Increase by 2030

Posted by BIS RSRCH on December 11th, 2020

The satellite industry is constantly developing with sophistication in electronic technologies being deployed in the subsystems such as power system, telecommunication system, propulsion system, payloads. New global information networks and electronic information management systems are improving the efficiency of satellites along with reducing their cost and size. For example, scalable propellant tanks, integrated thrusters and feeding systems, and micro nozzles, among others are enabled with a compact design in a satellite due to the miniaturization of the components. Accordingly, companies such as Accion Systems, Phase Four, Bellatrix Aerospace, Tesseract Space Inc., Deep Space Industries (DSI) (U.S.), Enpulsion, and Neumann Space are developing micro propulsion systems that can effectively increase the capability of small satellites.

Similarly, there are significant advances in the antenna utilized in small satellites. There have been several developments to improve antenna gain, size, weight, sidelobe level, and mobility, to boost the tracking speed of a satellite. Furthermore, the demand for increased microwave power from the satellite is the most important factor in driving the insertion of small satellite technology into modern geostationary orbit (GEO) satellites. The power subsystem is composed of the solar array, batteries, and the power conditioning electronics. Over the past years, remarkable progress has been made in increasing a satellite’s solar cell efficiency, and research and development activities are being conducted to make cells available with significantly higher efficiency in the coming years.

The strategies employed to gain a significant market share in this growing industry have been varying from mergers to business expansions, and from acquisitions to partnerships. This segment provides comprehensive insights regarding the different market developmental activities that the key players in the industry are adopting in order to compete with each other directly. To lead the market, as well as engage in the process of overall market growth, a company needs to introduce new products and services to the market, improve the existing products’ framework, work in collaboration with the top market leaders and acquire the relatively weaker companies into its domain.

The emerging strategies and developments by various players are approaching the market in the form of innovative products. Moreover, the market growth is further expected to attract the involvement of various companies across different segments of the value chain. The key players actively participating in small satellite market are Ball Corporation, Clyde Space Ltd., Innovative Solutions In Space BV, Interorbital Systems, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, OHB SE, Orbital ATK, Inc., QinetiQ Group PLC, Sitael S.p.A., Space Systems/Loral, LLC, Surrey Satellite Technology Ltd., The Aerospace Corporation, The Boeing Company, and Tyvak Nano-Satellite Systems, Inc., among others.

Get the Sample Report at:

Since the 1950s, a trend has emerged to make the space missions cost-effective. The launch of the “Space Age” by the Soviet Union in 1957, with the launch of Sputnik 1, which is the world’s first artificial satellite, weighing XX kg, gave the essential knowledge of satellite deployment into space. In the initial years after the discovery of satellites, the predominant trend was to design and develop bigger satellites, mainly due to the incorporation of large subsystems, thus being more capable and efficient. However, small satellites have been gaining traction owing to the significant mass reduction along with high cost efficiency. The interest in small satellites has increased exponentially during the last few years. Over the past decade, nearly $XX billion has been invested in small satellites, of which half of the amount was generated in the last two to three years.

Like it? Share it!


About the Author

Joined: March 5th, 2020
Articles Posted: 78

More by this author