Low-Cost Satellite Market Size, Share, Growth Report 2032
Low-Cost Satellite Market By Function (Imaging, Communication, Others), By End User (Commercial Satellite, Military), By Satellite Type (Nano satellite, Micro satellite, Others), And By Region: - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts, 2024-2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 251.26 Million | USD 532.34 Million | 8.7% | 2023 |
Table Of Content
- Chapter 1. Preface
- 1.1. Report Description and Scope
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology
- Chapter 2. Executive Summary
- 2.1. Low-Cost Satellite Market, 2015–2025 (USD Billion)
- 2.2. Low-Cost Satellite Market: Snapshot
- Chapter 3. Low-Cost Satellite Market – Industry Analysis
- 3.1. Low-Cost Satellite Market: Market Dynamics
- 3.2. Market Drivers
- 3.2.1. Due to the elevating technulogical advancements in the small satellites
- 3.3. Restraints
- 3.3.1. The requirement of high infrastructure
- 3.4. Opportunity
- 3.4.1. Technological advancement
- 3.5. Porter’s Five Forces Analysis
- 3.6. Market Attractiveness Analysis
- 3.6.1. Market attractiveness analysis By Function
- 3.6.2. Market attractiveness analysis By End User
- 3.6.3. Market attractiveness analysis By Satellite Type
- 3.6.4. Market attractiveness analysis By Region
- Chapter 4. Low-Cost Satellite Market– Competitive Landscape
- 4.1. Company market Share analysis
- 4.1.1. Global Low-Cost Satellite Market: company market Share, 2018
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New End User launches
- 4.2.3. Agreements, partnerships, cullaborations and joint ventures
- 4.2.4. Research and development and Regional expansion
- 4.3. Price trend analysis
- 4.1. Company market Share analysis
- Chapter 5. Global Low-Cost Satellite Market – Function Analysis
- 5.1. Global Low-Cost Satellite Market overview: By Function
- 5.1.1. Global Low-Cost Satellite Market Share, By Function,2018 and 2025
- 5.2. Imaging
- 5.2.1. Global Low-Cost Satellite Market By Imaging, 2015–2025 (USD Billion)
- 5.3. Communication
- 5.3.1. Global Low-Cost Satellite Market By Communication, 2015–2025 (USD Billion)
- 5.4. Others
- 5.4.1. Global Low-Cost Satellite Market By Others, 2015–2025 (USD Billion)
- 5.1. Global Low-Cost Satellite Market overview: By Function
- Chapter 6. Global Low-Cost Satellite Market – End User Analysis
- 6.1. Global Low-Cost Satellite Market overview: By End User
- 6.1.1. Global Low-Cost Satellite Market Share, By End User, 2018 and 2025
- 6.2. Commercial
- 6.2.1. Global Low-Cost Satellite Market By Commercial, 2015–2025 (USD Billion)
- 6.3. Military
- 6.3.1. Global Low-Cost Satellite Market By Military, 2015–2025 (USD Billion)
- 6.1. Global Low-Cost Satellite Market overview: By End User
- Chapter 7. Global Low-Cost Satellite Market –Satellite Type Analysis
- 7.1. Global Low-Cost Satellite Market overview: By Satellite Type
- 7.1.1. Global Low-Cost Satellite Market Share, By Satellite Type, 2018 and 2025
- 7.2. Nano satellite
- 7.2.1. Global Low-Cost Satellite Market By Nano satellite, 2015–2025 (USD Billion)
- 7.3. Micro satellite
- 7.3.1. Global Low-Cost Satellite Market By Micro satellite, 2015–2025 (USD Billion)
- 7.4. Others
- 7.4.1. Global Low-Cost Satellite Market By Others, 2015–2025 (USD Billion)
- 7.1. Global Low-Cost Satellite Market overview: By Satellite Type
- Chapter 8. Global Low-Cost Satellite Market - Regional Analysis
- 8.1. Global Low-Cost Satellite Market overview: By Region
- 8.1.1. Global Low-Cost Satellite Market share, By Region, 2018 and 2025
- 8.2. North America
- 8.2.1. North America Low-Cost Satellite Market, 2015–2025 (USD Billion)
- 8.2.2. North America Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
- 8.2.3. North America Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
- 8.2.4. North America Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
- 8.2.5. The U.S.
- 8.2.5.1. The U.S. Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
- 8.2.5.2. The U.S. Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
- 8.2.5.3. The U.S. Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
- 8.2.6. Rest of North America
- 8.2.6.1. Rest of North America Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
- 8.2.6.2. Rest of North America Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
- 8.2.6.3. Rest of North America Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
- 8.3. Europe
- 8.3.1. Europe Low-Cost Satellite Market, 2015–2025 (USD Billion)
- 8.3.2. Europe Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
- 8.3.3. Europe Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
- 8.3.4. Europe Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
- 8.3.5. UK
- 8.3.5.1. U.K. Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
- 8.3.5.2. U.K. Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
- 8.3.5.3. U.K. Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
- 8.3.6. France
- 8.3.6.1. France Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
- 8.3.6.2. France Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
- 8.3.6.3. France Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
- 8.3.7. Germany
- 8.3.7.1. Germany Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
- 8.3.7.2. Germany Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
- 8.3.7.3. Germany Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
- 8.3.8. Rest of Europe
- 8.3.8.1. Rest of Europe Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
- 8.3.8.2. Rest of Europe Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
- 8.3.8.3. Rest of Europe Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Low-Cost Satellite Market, 2015–2025 (USD Billion)
- 8.4.2. Asia Pacific Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
- 8.4.3. Asia Pacific Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
- 8.4.4. Asia Pacific Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
- 8.4.5. China
- 8.4.5.1. China Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
- 8.4.5.2. China Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
- 8.4.5.3. China Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
- 8.4.6. Japan
- 8.4.6.1. Japan Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
- 8.4.6.2. Japan Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
- 8.4.6.3. Japan Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
- 8.4.7. India
- 8.4.7.1. India Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
- 8.4.7.2. India Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
- 8.4.7.3. India Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
- 8.4.8. Rest of Asia Pacific
- 8.4.8.1. Rest of Asia Pacific Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
- 8.4.8.2. Rest of Asia Pacific Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
- 8.4.8.3. Rest of Asia Pacific Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
- 8.5. Latin America
- 8.5.1. Latin America Low-Cost Satellite Market, 2015–2025 (USD Billion)
- 8.5.2. Latin America Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
- 8.5.3. Latin America Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
- 8.5.4. Latin America Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
- 8.5.5. Brazil
- 8.5.5.1. Brazil Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
- 8.5.5.2. Brazil Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
- 8.5.5.3. Brazil Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
- 8.6. Rest of Latin America
- 8.6.1.1. Rest of Latin America Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
- 8.6.1.2. Rest of Latin America Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
- 8.6.1.3. Rest of Latin America Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
- 8.7. The Middle East and Africa
- 8.7.1. The Middle East and Africa Low-Cost Satellite Market, 2015–2025 (USD Billion)
- 8.7.2. The Middle East and Africa Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
- 8.7.3. The Middle East and Africa Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
- 8.7.4. The Middle East and Africa Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
- 8.1. Global Low-Cost Satellite Market overview: By Region
- Chapter 9. Company Profiles
- 9.1. OneWeb
- 9.1.1. Overview
- 9.1.2. Financials
- 9.1.3. Function Portfolio
- 9.1.4. Business Strategy
- 9.1.5. Recent Developments
- 9.2. Spire Global Inc
- 9.2.1. Overview
- 9.2.2. Financials
- 9.2.3. Function Portfolio
- 9.2.4. Business Strategy
- 9.2.5. Recent Developments
- 9.3. SIERRA NEVADA CORPORATION
- 9.3.1. Overview
- 9.3.2. Financials
- 9.3.3. Function Portfolio
- 9.3.4. Business Strategy
- 9.3.5. Recent Developments
- 9.4. Dauria Aerospace
- 9.4.1. Overview
- 9.4.2. Financials
- 9.4.3. Function Portfolio
- 9.4.4. Business Strategy
- 9.4.5. Recent Developments
- 9.5. Lockheed Martin Corporation
- 9.5.1. Overview
- 9.5.2. Financials
- 9.5.3. Function Portfolio
- 9.5.4. Business Strategy
- 9.5.5. Recent Development
- 9.6. SpaceX
- 9.6.1. Overview
- 9.6.2. Financials
- 9.6.3. Function Portfolio
- 9.6.4. Business Strategy
- 9.6.5. Recent Development
- 9.7. Axelspace Corporation
- 9.7.1. Overview
- 9.7.2. Financials
- 9.7.3. Function Portfolio
- 9.7.4. Business Strategy
- 9.7.5. Recent Development
- 9.8. OHB AG
- 9.8.1. Overview
- 9.8.2. Financials
- 9.8.3. Function Portfolio
- 9.8.4. Business Strategy
- 9.8.5. Recent Development
- 9.9. Geooptics Inc
- 9.9.1. Overview
- 9.9.2. Financials
- 9.9.3. Function Portfolio
- 9.9.4. Business Strategy
- 9.9.5. Recent Development
- 9.10. Planet Labs Inc
- 9.10.1. Overview
- 9.10.2. Financials
- 9.10.3. Function Portfolio
- 9.10.4. Business Strategy
- 9.10.5. Recent Development
- 9.1. OneWeb
Table Of Figures
List of Figures
1. Market Research Process
2. Market Research Methodology
3. Global Low-Cost Satellite Market, 2015–2025 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global Low-Cost Satellite Market attractiveness, By Function
6. Global Low-Cost Satellite Market attractiveness, By End User
7. Global Low-Cost Satellite Market attractiveness, By Satellite Type
8. Global Low-Cost Satellite Market Share, By Function, 2018 and 2025
9. Global Low-Cost Satellite Market By Imaging, 2015–2025 (USD Billion)
10. Global Low-Cost Satellite Market By Communication,2015–2025 (USD Billion)
11. Global Low-Cost Satellite Market By Others, 2015–2025 (USD Billion)
12. Global Low-Cost Satellite Market Share, By End User, 2018 and 2025
13. Global Low-Cost Satellite Market By Commercial, 2015–2025 (USD Billion)
14. Global Low-Cost Satellite Market By Military, 2015–2025 (USD Billion)
15. Global Low-Cost Satellite Market Share, By Satellite Type, 2018 and 2025
16. Global Low-Cost Satellite Market By Nano satellite, 2015–2025 (USD Billion)
17. Global Low-Cost Satellite Market By Micro satellite, 2015–2025 (USD Billion)
18. Global Low-Cost Satellite Market By Others, 2015–2025 (USD Billion)
19. Global Low-Cost Satellite Market Share, By Region, 2018 and 2025
20. North America Low-Cost Satellite Market, 2015–2025 (USD Billion)
21. Europe Low-Cost Satellite Market, 2015–2025 (USD Billion)
22. Asia Pacific Low-Cost Satellite Market, 2015–2025 (USD Billion)
23. Latin America Low-Cost Satellite Market, 2015–2025 (USD Billion)
24. The Middle East and Africa Low-Cost Satellite Market, 2015–2025 (USD Billion)
Table Of Tables
List of Tables
1. Global Low-Cost Satellite Market: snapshot
2. Drivers of Low-Cost Satellite Market: impact analysis
3. Restraints of Low-Cost Satellite Market: impact analysis
4. North America Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
5. North America Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
6. North America Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
7. The U.S. Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
8. The U.S. Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
9. The U.S. Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
10. Rest of North America Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
11. Rest of North America Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
12. Rest of North America Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
13. Europe Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
14. Europe Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
15. Europe Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
16. U.K. Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
17. U.K. Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
18. U.K. Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
19. France Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
20. France Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
21. France Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
22. Germany Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
23. Germany Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
24. Germany Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
25. Rest of Europe Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
26. Rest of Europe Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
27. Rest of Europe Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
28. Asia Pacific Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
29. Asia Pacific Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
30. Asia Pacific Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
31. China Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
32. China Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
33. China Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
34. Japan Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
35. Japan Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
36. Japan Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
37. India Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
38. India Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
39. India Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
40. Rest of Asia Pacific Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
41. Rest of Asia Pacific Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
42. Rest of Asia Pacific Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
43. Latin America Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
44. Latin America Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
45. Latin America Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
46. Brazil Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
47. Brazil Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
48. Brazil Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
49. Rest of Latin America Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
50. Rest of Latin America Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
51. Rest of Latin America Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
52. The Middle East and Africa Low-Cost Satellite Market Revenue, By Function,2015–2025 (USD Billion)
53. The Middle East and Africa Low-Cost Satellite Market Revenue, By End User, 2015–2025 (USD Billion)
54. The Middle East and Africa Low-Cost Satellite Market Revenue, By Satellite Type, 2015–2025 (USD Billion)
Methodology
FrequentlyAsked Questions
A low-cost satellite is a satellite that is designed and manufactured with a lower budget than traditional satellites. These satellites are designed to minimise costs by utilising innovative materials, manufacturing processes, and design elements to deliver comparable capabilities, including communication, earth observation, and scientific data collection.
The development of cost-effective satellite solutions is facilitated by advancements in manufacturing processes, materials, and miniaturisation.
According to a report from Zion Market Research, the global Low-Cost Satellite Market was valued at USD 251.26 Million in 2023 and is projected to hit USD 532.34 Million by 2032.
According to a report from Zion Market Research, the global Low-Cost Satellite Market a compound annual growth rate (CAGR) of 8.7% during the forecast period 2024-2032.
In Asia Pacific, the low-cost satellite market anticipates growing significantly owing to the increasing investment of the governments in the satellite systems. Asia Pacific countries such as India, China, and Japan are estimated to drive the target market in the region. Moreover, the region shows continuous advancements in technology, driving the low-cost satellite market growth in the forecasted period.
The major players in the global low-cost satellite market are OneWeb, Spire Global Inc., Sierra Nevada Corporation, Dauria Aerospace, Lockheed Martin Corporation, SpaceX, Axelspace Corporation, OHB AG, Geooptics Inc., and Planet Labs Inc. among others.
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