Medium and Large Satellite Market – Snapshot

Medium and large satellite are satellites weighing from 500 Kg to above. Micro satellites are often used because of their low cost and fast development schedules, and in particular because they make independent or dedicated, as opposed to general-purpose imaging missions affordable. However, these very small spacecraft present many constraints to the design of imaging payloads. To overcome this constraint, medium and large satellites are manufactured to send multiple sensors at a single time.

medium and  large  satellite  market

The global medium and large satellite market for space industry is driven by the growing investment in satellite projects and the wide range of applications of medium and large satellites. Furthermore, increasing demand for medium and large satellites for security reasons, and from meteorological departments to enhance weather forecasting isa major factor expected to drive the market in the coming years. Defense and space industry are other major applications driving the demand for medium and large satellites. The presence of a skilled workforce, lower cost of manufacturing, and launching facilities is expected to provide ample opportunity to the medium and large satellite market for space industry during the forecast period. However, the high resolution and the low cost of small satellites is expected to hamper the global medium and large satellite market. Medium and large satellites are more expensive compared to the small ones. Cost of sending a single heavy satellite is equivalent to sending multiple small satellites for a similar function.

The global medium and large satellite market for space industry has been segmented based on solution, mass, band, orbit, propulsion type, and application. Based on solution, the market has been divided into hardware, software, data processing, and launch service. Data processing and launch service is expected to experience strong market growth due to the expected rise in number of medium and large satellite launches during the forecast period. By mass, the market has been categorized into 500 Kg – 1000 Kg (medium satellites) and above 1000 Kg (large satellites). Large satellites segment is expected to dominate the market since these satellites have the ability to offer coverage over a large geographical area and provide high bandwidth compared to its counterparts. By band, the market has been divided intoX-Band, K-Band, Ka-Band, and Others (Ku Band). On the basis of orbit, the market is segmented into GEO (Geo-stationary Earth Orbit), MEO (Medium Earth Orbit), LEO (Low Earth Orbit), and HEO (Highly Elliptical Orbit). LEO segment is expected to contribute significant share toward the growth of the market. LEO satellite provides faster connectivity without wires or cables for many critical communications. By propulsion type, the market is divided into chemical propulsion and electrical propulsion. Electrical propulsion is further segmented into Electrothermal, Electromagnetic, and Electrostatic. Electric propulsion is currently considered by all space agencies as a key and revolutionary technology for the new generation of commercial and scientific satellites since these use less propellants compared to chemical ones and the engines are more efficient than chemical propulsions. In terms of application, the market has been segmented into navigation and mapping, communication, reconnaissance, and others (earth observation and remote sensing). The reconnaissance segment is expected to play a key role in the growth of the market. They are typically used to take overhead photos for military missions.

In terms of geography, the global medium and large satellite market for space industry has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is anticipated to hold a significant share of the market over the forecast period followed by Europe and Asia Pacific. Further, the market in Asia Pacific is anticipated to grow at a significant pace in the near future due to the contribution from countries such as India, Japan, Indonesia, and China, providing launch facilities for medium and large satellites targeted for different missions such as earth observation, research, communication, and navigation for developing countries. Attracted by this expanding market and underlying latent demand, several players are expanding their business through new product development and strategic partnerships with government bodies. Some of the prominent players identified in the medium and large satellite market for space industry include Gomspace, Lockheed Martin Corporation, SES SA, Inmarsat PLC, Airbus D&S, SpaceX, DigitalGlobe, UrtheCast, AMOS Spacecom, and EchoStar Corporation.

Medium and Large Satellite Market – Overview

The ‘Medium and Large Satellite Market for Space Industry – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026’ report provides an analysis of the medium and large satellite market for space industry for the period 2016–2026, wherein 2018 to 2026 is the forecast period, and 2017 is considered as the base year. Data for 2016 has been included as historical information. The report covers all the trends and technologies that play a major role in the growth of the medium and large satellite market for space industry during the forecast period. It highlights the drivers, restraints, and opportunities expected to influence the market’s expansion during this period. The study provides a holistic perspective on the market’s growth in terms of revenue (in US$ Bn) across different geographical regions that include North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report highlights key trends affecting the market on a global scale. Furthermore, prominent countries/regions covered in the report include the U.S, Canada, U.K, Germany, France, Russia, India, China, Japan, Australia, GCC countries, South Africa, and Brazil.

Global Medium and Large Satellite Market for Space Industry: Overview

The report analyzes and forecasts the medium and large satellite market for space industry at the global and regional level. The report also comprises a detailed value chain analysis, which provides a comprehensive view of the global medium and large satellite market for space industry. Porter’s Five Forces model has been included to help understand the competitive landscape in the market. The study also highlights policies and regulations of different countries in this market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.

Global Medium and Large Satellite Market for Space Industry: Taxonomy

This research study on the global medium and large satellite market for space industry provides a detailed cross segment and cross country analysis based on segmentation categories such as solution, mass, band, orbit, propulsion type, application, and geography. Based on solution, the market has been divided into hardware, software, data processing and launch service. By mass, the market has been categorized into 500 Kg – 1000 Kg (Medium Satellites) and above 1000 Kg (Large Satellites). By band, the market has been divided into X-Band, K-Band, Ka-Band, and Others (Ku Band). On the basis of Orbit, the market is segmented into GEO (Geo-stationary Earth Orbit), MEO (Medium Earth Orbit), LEO (Low Earth Orbit), and HEO (Highly Elliptical Orbit). By propulsion type, the market is divided into chemical propulsion and electrical propulsion. Electrical propulsion is further segmented into Electrothermal, Electromagnetic, and Electrostatic. In terms of application, the market has been segmented into navigation and mapping, communication, reconnaissance, and others (earth observation and remote sensing). Based on geography, the market has been segmented into North America, Asia Pacific, Europe, Middle East & Africa, and South America.

Global Medium and Large Satellite Market for Space Industry: Research Methodology

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, internal and external proprietary databases, relevant patent and regulatory databases, national government documents, statistical databases, market reports, news articles, press releases, webcasts specific to companies operating in the market, national government documents, statistical databases, market reports, Factiva, etc..

Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide first-hand information on the market size, market trends, growth trends, competitive landscape, outlook, etc. These help us validate and strengthen secondary research findings. They also help develop the analysis team’s market expertise and understanding.

Global Medium and Large Satellite Market for Space Industry: Competitive Dynamics

The report highlights well-established players operating in the market such as Gomspace, Lockheed Martin Corporation, SES SA, Inmarsat PLC, Airbus D&S, SpaceX, DigitalGlobe, UrtheCast, AMOS Spacecom, and EchoStar Corporation among others.

The global medium and large satellite market for space industry has been segmented as follows:

Global medium and large satellite market for space industry

By Solution

  • Hardware
  • Software
  • Data Processing
  • Launch Service

By Mass

  • 500 Kg – 1000 Kg (Medium satellites)
  • >1000 Kg (Large satellites)

By Band

  • X-band
  • K-Band
  • Ka-band
  • Others

By Orbit

  • GEO (Geo-stationary earth orbit)
  • MEO (medium earth orbit)
  • LEO (Low earth orbit)
  • HEO (Highly elliptical orbit)

By Propulsion Type

  • Chemical Propulsion
  • Electrical Propulsion
    • Electrothermal
    • Electromagnetic
    • Electrostatic

By Application

  • Navigation & Mapping
  • Communication
  • Reconnaissance
  • Others (Earth Observation and Remote Sensing)

By Geography

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • U.K.
    • France
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia Pacific
  • Middle East &Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America
.