Growth from $2.22 billion in 2016 to $5.32 billion by 2021, at a CAGR of 19.14 percent from 2016 to 2021, are the expectations for the smallsat market as predicted in the latest ReportLinker summary.
The market for small satellite is driven by a number of factors, such as the increasing focus on reducing mission costs as well as increasing demand for Earth Observation (EO)-related applications of smallsats. Various growth opportunities for the smallsat market include the proposed development of satellite networks to provide Internet access to areas that do not possess broadband connectivity.
The microsatellite segment is projected to be the fastest-growing segment in the smallsat market. These satellite are useful for high precision and complex space missions, such as remote-sensing and navigation, maritime and transport management, space and EO, disasters management, military intelligence, telecommunication, and among other academic purpose. The segment comprising mapping and navigation is projected to be the fastest-growing segment in the smallsat market as it helps the Global Navigational Satellite Systems (GNSS) to generate signals for effective navigation and accurate global positioning data during the forecast period.
The Asia-Pacific region is expected to exhibit the highest growth rate in the smallsat market during the forecast period from 2016 to 2021. The growth of the smallsat market in this region can be attributed to the rising demand for the EO and scientific segments, which will support government decision making processes in areas such as climate monitoring, soil prospection for terrestrial and maritime areas, agricultural planning, and border surveillance.
The major players in the small satellite market, according to this report, include Sierra Nevada Corporation, ST Engineering Limited, Surrey Satellite Technology Ltd., Planet Labs Inc., Airbus Defense and Space, Northrop Grumman Corporation, Space Exploration Technologies Corp. (SpaceX), Boeing, Thales Alenia Space, Millennium Space System Inc., Lockheed Martin Corporation, GeoOptics Inc., OneWeb Ltd, OHB, Harris Corporation, Spire Global Inc., and Aerospace Corporation.
This research report has focused on various levels of analysis — industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on competitive landscape, emerging and high-growth segments of the small satellite market, high-growth regions, and market drivers, restraints, and opportunities. The report provides insight on the following pointers:
- Market Penetration: Comprehensive information on small satellite offered by top players in the l small satellite market
- Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the small satellite market
- Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for small satellite market across regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the small satellite market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the small satellite market
Read the full report at this direct link...
Continue To Satisfy Your Appetites For Smallsat Knowledge
Attend The SmallSat Symposium—Silicon Valley 2017
Tuesday, February 7th — Wednesday, February 8th
Computer History Museum, Mountain View, California
As with any event, one of the major draws in regard to the time commitment necessary for attendance will most assuredly revolve around the expertise that will be offered to those who participate... there can be little question that the subject matter experts who will be presenting at the SmallSat Symposium—Silicon Valley in 2017 will blend their expertise with the unparalleled networking opportunities with one's smallsat, SATCOM and MILSATCOM peers.
This incomparable event will be held at the Computer History Museum in Mountain View, California, a perfect location for the technology-rich environs of the smallsat worlds. Listed below are the sessions already planned for the SmallSat Symposium. For information regarding the various workshops, please select this direct link. To learn more about the individual speakers who have already committed to the SmallSat Symposium—Silicon Valley 2016, access this direct link.
Day 1 — Tuesday February 7th, 2017
The State of the Small Satellite Industry
Today's small satellite industry demands sound business and financial practices. How do we best cultivate dependable practices? Panelists explore the various types of small satellites (Nano, Pico, Cube, Etc.), their leading applications, as well as trending uses in each subset. How do we define the small satellite marketplace and what is its size? How much new growth can come from small satellites and which segments and markets represent the greatest opportunities? What “traditional” types of capacity and services are changed by the growth in small satellites? Importantly, how do small satellites affect the satellite market as a whole?
Moderator: Randy Segal, Partner, Hogan Lovells
Speaker: Debra Facktor Lepore, VP and GM of Strategic Operations, Ball Aerospace & Technologies Corp
Speaker: Carissa Christensen, Managing Partner, The Tauri Group
Speaker: Dr. Steve Goldberg, CEO and Co-Founder, Venrock
Speaker: Carlos Niederstrasser, Business Development & Special Initiatives, Orbital ATK
Networking & Refreshment Break
Financing Small Satellite Operations
Investment in small satellite ventures originates from a variety of avenues including angel investors, venture funds, private equity firms, corporations, commercial banks and public markets. How do the varying demands of each of these financiers affect small satellite operations and planning? What are their expected returns and financing terms? What are the most important criteria investors look for in choosing ventures to fund? How much of a role does private equity activity and debt financing play in funding SmallSat operations and what effect does this have on management behavior? Panelists will discuss how different types of investors perceive the small satellite industry.
Moderator: Dara Panahy, Partner, Milbank, Tweed, Hadley & McCloy
Speaker: Chris Boshuizen, Principle, Data Collective VC
Speaker: Mike Collett, Founder and Managing Partner, Promus Ventures
Speaker: Dr. Shahin Farshchi, Partner, Lux Capital
Speaker: Chris Lewicki, President and Chief Engineer, Planetary Resources
Launch Provider Roundtable – Efficiency, Risk & Trends
Launching any satellite is inherently a risky and expensive business. Multiple new launch options are being created that offer opportunity to minimize risk and reduce costs. Executives from commercial launch service providers will share their views on current market trends and on their strategies to deliver the most adapted solutions for the launch of small satellites. How will new innovations, launch availability, changes in satellite designs and durability in small satellite design alter the future of the launch sector? What is the impact of re-usable engines on future launch costs? Which propellants, engines, components and new technologies are the launch sector investing in? What are the game changers? Panelists will discuss strategies for funding launch operations and the time it takes to book a flight.
Moderator: Louis Zacharilla, Director of Development, Society of Satellite Professionals International (SSPI)
Speaker: Clayton Mowry, President, Arianespace
Speaker: Will Pomerantz, Vice President for Special Projects, Virgin Galactic
Speaker: Dr. George Sowers, VP of Advanced Programs, United Launch Alliance - ULA
Ground Systems Economics Architecture
As hundreds of new small satellites are launched ground systems must keep pace to track and communicate with them. What will be the increasing demands for these systems, as well as new autonomous onboard TT&C developments mean for the ground system market? What are the most important criteria in selecting ground system architecture for small satellites? What current and recent trends might change market dynamics in the future?
Moderator: David Hartshorn, Secretary General, GVF - Global VSAT Forum
Speaker: Jason Andrews, CEO, Spaceflight Industries
Speaker: Stuart Daughtridge, Vice President of Advance Technology, Kratos Technology and Training Solutions
Speaker: Tom Perrone, Senior VP for Strategy and Sustainable Business, SSC
Speaker: Chris Richins, CEO, RBC Signals
Speaker: Stig-Ar Thrana, U.S. Sales Director and Head of Kongsberg Silicon Valley Office, Kongsberg Satellite Services
Speaker: Tony Wilkey, Senior Vice President, AvL Technologies
Pricing and Marketing SmallSat Services
Disruptive innovations create new markets. Business development executives will present their views on market opportunities and where to sell the multitude of products that have resulted from the SmallSat revolution? The collision of finance and technology has produced both turbulent markets and spectacular innovations. Who has bought, who will buy, and what will they pay? More importantly, how should products be priced to maximize revenue?
Speaker: Chris Baugh, President, Northern Sky Research
Speaker: Dave Anhalt, Vice President and General Manager, Iridium Prime
Speaker: Daniel Lim, President & CEO, Xtenti, LLC
Networking & Refreshment Break
Cost Savings in Small Satellite Alternatives
How do small satellite alternatives compare to older technologies? Panelists will discuss foremost applications where cost savings are changing paradigms. The focus will be on different development models, prototypes and early operations including the overall positioning, level of vertical integration and cooperation with other industry stakeholders. Also under discussion will be budgetary considerations unique to the small satellite platform.
Moderator: John P. Janka, Partner, Latham & Watkins LLP
Speaker: Craig Clark, Founder, Clyde Space Ltd.
Speaker: Randy Culver, CEO, AMERGINT Technologies
Speaker: Dr. Joe Thurgood, Vice President Corporate Development and Marketing, Hera Systems
Speaker: Dr. Marco Villa, President & COO, Tyvak Nano-Satellite Systems
Wine & Hors d'Oeuvres Reception
Day 2 — Wednesday February 8th, 2017
Professor Sir Martin Sweeting, Founder and Executive Chairman, Surrey Satellite Technology Ltd.
Sir Martin has a BSc in electronics and PhD in radio engineering from the University of Surrey (UK) and is the founder and Executive Chairman of Surrey Satellite Technology Ltd. (SSTL). Following two experimental ‘microsatellites’ built by his research team at the University of Surrey and launched in 1981 & 1984, he pioneered rapid-response, low-cost and highly-capable small satellites utilising modern consumer electronics to ‘change the economics of space’ and has established the UK at the forefront of this new field.
Sir Martin also chairs the Surrey Space Centre comprising around 100 researchers investigating advanced small satellite concepts and techniques and which acts as the research laboratory for SSTL – an exemplar of real academic-commercial synergy. The SSC collaborated with SSTL on the world’s first ‘smartphone’ nanosatellite, STRaND-1, launched in February 2013 and launched a research nano-satellite for orbital debris mitigation in 2015. Full Bio
Small Satellite Constellation Dynamics
As small satellites spread across the skies, questions about constellation management arise. What is involved in designing, implementing and maintaining multiple satellites in a small satellite constellation? How does operating a small satellite constellation differ for a more traditional satellite system? What are the most important applications flying in constellations today and what might they be tomorrow?
Moderator: John Booher, Partner, Hogan Lovells
Speaker: Jenny Barna, Launch Manager, Spire Global, Inc.
Networking & Refreshment Break
With over 400 Earth observation satellites (50kg+) planned for launch by 2025, and an additional 1000 satellites below 50k flying in constellations, the coming decade of growth in observation satellites is enormous. From agriculture & mining to traffic observation, mapping & weather, small satellites provide an opportunity to observe our planet in considerable detail. High resolution, accurate data provides a range of solutions to meet the immediate needs of emergency responders, defense users and location-based services. In how many ways can Geospatial Data be presented and be useful? Who are the important customers and what are their primary concerns and requirements?
Moderator: Adam Keith, Managing Director, Euroconsult Canada
Speaker: James Crawford, Founder and CEO, Orbital Insight
Speaker: Dr. Lars Dyrud, CEO, OmniEarth
Speaker: Dr. Alex Saltman, Senior Vice President, GeoOptics Inc.
Speaker: David Strobel, CEO, Space Micro
Securing Capital In New Small Satellite Ventures
What is the optimal way to secure capital for the startup phase of a SmallSat venture? What are the different dynamics of getting funding for a startup SmallSat operator vs a startup manufacturer/launch service provider or data processing company? Explored in this panel are the various ways capital suppliers view revolutionary ideas. Has the complexity of the financial market led to roadblocks for SmallSat operators and manufacturers? How do operators avoid financial pitfalls (funding gaps, etc.)? Beyond the first funding round, how will investors approach adding capital to a maturing venture? What is the past and present performance of the sector and what are the current and expected trends for industry consolidation and M&A transactions?
Speaker: Chris Stott, Chairman & CEO , ManSat
Speaker: Chad Anderson, Managing Director, Space Angels Network
Speaker: Sunil Nagaraj, Vice President of Marketing and Communications, Bessemer Venture Partners
Speaker: Chris Quilty, Sr. Vice President, Equity Research, Raymond James
Traditional Large Integrators—What is their Role in the SmallSat Industry?
Threat or opportunity? What are the majors doing independently or with their affiliates to capitalize on the SmallSat market? Airbus, Boeing, General Dynamics, Hughes, Lockheed Martin, Northrop Grumman, Raytheon, SSL and Thales Alenia are known for the scale of the systems they implement. How does each approach the small satellite market, and how does the scale of their organizations affect that approach?
Moderator: Susan Irwin, Principal Advisor, Euroconsult
Speaker: Airbus - TBD
Speaker: Boeing - TBD
Speaker: General Dynamics - TBD
Speaker: Lockheed Martin Representative – To Be Announced
Speaker: Professor Andrew Kwas, Director Engineering & Technology, Northrop Grumman
Speaker: Mr. Dave Wajsgras, President, Business Unit, Raytheon
Next Generation Technology
What new technologies will fly in the next generation of small satellites? What terrestrial equipment will be necessary to support these innovations? Speakers will discuss potential new applications, private sector technologies, space tech incubators, notable advances in design and implementation, advanced materials, 3D printing and robotics. What will be the role of NASA, NOAA, and Research Universities? What new business models and applications might be enabled by the birth of new technologies?
Moderator: Bruce Pittman, Chief System Engineer, NASA Space Portal, NASA Ames Research Center
Speaker: Dr. Sean Casey, Managing Director, Silicon Valley Space Center
Speaker: Dr. Sami BenAmor, Director of Marketing, Thales Alenia Space
Speaker: Andrew Petro, Program Executive Solar Electric Propulsion Small Spacecraft Technology, NASA Headquarters
Networking & Refreshment Break
Defense and Government Applications
Defense, Government and NGO sectors require both remote sensing intelligence to detect and classify objects and also connectivity for secure, mission-critical communications. With advancements in small satellite technology, what kinds of improvements could SmallSat bring to existing solutions? What kinds of innovative new solutions might materialize? How do SmallSat operators work with government partners?
Moderator: Tom Stroup, President, SIA - Satellite Industry Association
Speaker: Dr. Jenny Gautier, Director of Commercial Programs, The Aerospace Corporation
Speaker: Karl Kensinger, Deputy Chief of the Satellite Division, FCC
Speaker: Dr. Josef Koller, Senior Advisor, Office of the Secretary of Defense for Space Policy
Speaker: Tony Lin, Counsel, Washington, DC, Hogan Lovells
The first 100 registrations qualify for a $200 discount on the standard event admission—take advantage of this saving and register today at this direct link...