Europe & CIS Small Satellite Market to be Dominated by Nanosatellites During the Forecast Period
Developing technology and
material systems and increasing use of small satellites in different sectors will
drive the growth of the Europe & CIS small satellite market during the
forecast period.
According to TechSci Research report, “Europe & CIS Small Satellite Market - By
Region, Competition, Forecast & Opportunities, 2018-2028F”,
the Europe & CIS small satellites market is growing at a significant rate. As
the demand for Earth observation, surveillance, security, and other sectors
continues to grow, the scope and opportunity for both established players and
new entrants to enter the market is expanding. Small satellites, also known as
miniaturized satellites or smallsat, are typically satellites with lower weight
(less than 1,200 kilograms) and size. The most common applications of these
satellites are fleet management, logistics ship tracking, aircraft tracking,
communication in-orbit demonstration, disaster management, and others. Furthermore,
as technology progresses, the Europe & CIS small satellite market is
anticipated to expand further. Additionally, electronic technology continues to
miniaturize to increase in capability and accessibility, nanosatellites are
becoming increasingly capable of carrying out commercial missions that were
previously dependent on micro-satellites. Overall, this increases the
popularity of small satellites among many organizations, which will further
boost the demand for Europe & CIS small satellites during the forecast
period.
Europe
& CIS region is one of the world’s largest small satellite markets. The
rapid growth of small satellite production and launch has changed the way space
is used. Large satellites typically operate in GEO orbits for long periods of
time, while small satellites typically operate in LEO orbits for shorter
periods of time. Furthermore, the development of lighter and more powerful
material systems has significantly increased the use of small satellites over
the last few years.
The
development of technology, especially in the area of electronic components
miniaturization, and the utilization of thermal management in the small
satellite industry has increased the demand for small satellites over the past
few years. To prevent damage to the electronics on the circuit boards caused by
the significant increase in heat generated in small satellites, many
organizations are investing in R&D to develop safe and long-lasting small satellites.
This has led to the rapid growth of the Europe & CIS small satellite
market.
Many
companies are investing in small satellite R&D and working with other space
firms to deploy small satellites in orbit periodically. In 2023, the European
Space Agency’s (ESA) European Positioning and Tracking (EPICYPer-1) 6U
(EPICYPER-1) small satellite, a segment of the ESA’s constellation, was
successfully launched on a mission to the International Space Station. Additionally,
in 2023, EnduroSat secures series A funding accounting for USD 10 million, led
by CEECAT Capital (European Investment Fund), with a focus on the rapidly
expanding markets of the CEE space market. From the above factors, the Europe
& CIS small satellite market is expected to grow at a higher rate in coming
years.
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The
Europe & CIS small satellite market can be segmented based on by satellite
type, by end user, by application, and by country. On the basis of satellite
type, the market is segmented into nanosatellite, microsatellite,
minisatellite, and others. The nanosatellite segment is growing at higher CAGR,
and it is expected grow at similar CAGR in coming years. Based on the end user,
it is further segmented into civil, defense, and commercial. The commercial
segment is becoming increasingly popular for the Europe & CIS small
satellite market. Furthermore, on the basis of application, it is segmented
into earth observation & meteorology, communication, scientific research
& exploration, surveillance & security, and mapping & navigation. The
market is also divided into country wise mainly into Germany, United Kingdom,
France, Russia, Spain, Italy, and the Rest of Europe & CIS.
Key market players in
the Europe & CIS small satellite market include:
·
Thales Alenia Space
·
Surrey Satellite
Technology Ltd.
·
GomSpace Group AB
·
EnduroSat
·
AAC Clyde Space
·
Innovative Solutions In
Space BV
·
NEXEYA
·
NanoAvionics
·
OHB Italia SpA
·
G.A.U.S.S. Srl
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“The use of small satellites is on the
rise in many industries across Europe and CIS. Small satellites are also
becoming increasingly popular for the deployment of small payloads such as compact
radio receivers and optical cameras. The nanosatellite segment in Europe and
CIS is growing at a rapid pace. In addition, the commercial segment is expected
to grow significantly during the forecast period,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Europe & CIS Small Satellite Market Segmented By Satellite
Type (Nanosatellite, Microsatellite, Minisatellite, Others), By End User (Civil,
Defense, Commercial), By Application (Earth Observation & Meteorology,
Communication, Scientific Research & Exploration, Surveillance &
Security, Mapping & Navigation), and By Country (Germany, United Kingdom,
France, Russia, Spain, Italy), Competition, Forecast & Opportunities, 2018-
2028F” has evaluated the future growth potential
of the Europe & CIS small satellite market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and opportunities in
the Europe & CIS small satellite market.
Contact
Mr. Ken Mathews
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