Vancouver, BC -- (SBWIRE) -- 04/19/2021 -- The global low-cost satellite market size is expected to reach USD 4,395.8 Million at a steady CAGR of 6.0% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth of low-cost satellites can be attributed to growing demand for low-cost satellites in earth observation imagery. Low-cost satellites, such as nanosatellites provide a cost-efficient means for earth observation via remote sensing and deliver frequent imageries with high temporal and spatial resolution, which is essential for monitoring and studying dynamic processes, such as land cover, vegetation, oceanography, and inland water.

The industry experts have left no stone unturned to identify the major factors influencing the development rate of the Low-Cost Satellite industry including various opportunities and gaps. A thorough analysis of the micro markets with regards to the growth trends in each category makes the overall study interesting. When studying the micro markets the researchers also dig deep into their future prospect and contribution to the Low-Cost Satellite industry.

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Besides exploring the company profiles of prominent market leaders, the research gather and analyses raw data on the regulatory framework, cost structure, import and export status, supply chain management and supply chain management expected to shape the trajectory of the business landscape. The researchers behind the study have further leveraged the industry-leading assessment tools to gauge the growing level of competition, recent acquisition and mergers, product launches and new entrants.

Low-cost satellites market in North America accounted for largest revenue share in 2020, attributed to rising adoption of advanced technologies, increasing research and development activities for low-cost satellites, and high defense budget allocation, particularly in the US. In addition, presence of leading companies providing low-cost satellites is causative of steady market growth in the region.

Key players in the market include Dauria Aerospace, Planet Labs, Axelspace Corporation, Sierra Nevada Corporation, L3Harris Technologies Inc., SpaceX, Thales Alenia Space, Spire Global Inc., Bradford Space, and GeoOptics Inc.

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Important Points Mentioned in the Low-Cost Satellite Market Study
Manufacturing Analysis: The report initially analyzes the various segments of the market in a brief manner, which includes product types, applications, and so on. Further, the report consists of a separate section wherein an in-depth analysis of the manufacturing process has been provided which has been verified thorough primary information collected by experts of reputed industries as well as the industry analysts.
Sales and Revenue Estimation: By applying several top-down and bottom-up approaches on the previous years' sales and revenue data as well as the present market scenario, the analysts have anticipated the market growth and size in major geographies. The report further includes an all-inclusive study on the applications and end-user industries participating in the market. Furthermore, the report provides crucial data on the regulatory policies and guidelines, as well as the macro-economic factors, that determine the evolution of the market along with predictive analysis.
Demand & Supply Assessment: The report further offers key information on the manufacturing and cost analysis, consumption ration, import/export factors, and product and service distribution.
Competitiveness: The report provides crucial data based on the company profile, product portfolio, product and service cost, potential, and sales and revenue generated by the key pioneers and other leading companies.

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Satellite Type Outlook (Revenue, USD Million; 2018–2028)
Minisatellite
Microsatellite
Nanosatellite
Others

Application Outlook (Revenue, USD Million; 2018–2028)
Communication
Imaging
Others

End-Use Outlook (Revenue, USD Million; 2018–2028)
Military
Civil
Commercial

Regional scope: - North America; Europe; Asia Pacific; Central & South America; MEA

Here are the questions we answer...
What are the future opportunities in store for the vendors operating in the Low-Cost Satellite market?
What does the competitive landscape look like?
Which emerging technologies are believed to impact the Low-Cost Satellite market performance?
What are the key trends and dynamics?
Which regulations that will impact the industry?
Which segment will offer the most opportunity for growth between 2020 and 2028?
Where will most developments take place in the long term?
Who are the most prominent vendors and how much market share do they occupy?
What are the latest technologies or discoveries influencing the Low-Cost Satellite market growth worldwide?

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Table of Content
Chapter 1. Low-Cost Satellite Market Methodology & Sources
1.1. Low-Cost Satellite Market Definition
1.2. Low-Cost Satellite Market Research Scope
1.3. Low-Cost Satellite Market Methodology
1.4. Low-Cost Satellite Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2028
Chapter 3. Low-Cost Satellite Market Key Insights
Chapter 4. Low-Cost Satellite Market Segmentation & Impact Analysis
Chapter 5. Low-Cost Satellite Market By Products Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Low-Cost Satellite Market By Types Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Low-Cost Satellite Market By Applications Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 8. Low-Cost Satellite Market By End Use Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 9. Low-Cost Satellite Market Regional Outlook
Chapter 10. Competitive Landscape
Continued…