South America small satellite Market Size, Share, Growth, Trend Analysis, Opportunities, Landscape, Segmentation and Forecast to 2028
The South America small satellite market is expected to grow from US$ 52.83 million in 2022 to US$ 101.47 million by 2028; it is estimated to grow at a CAGR of 11.5% from 2022 to 2028.
Small satellites can be highly useful in military applications due to their short development time, low cost, and assembly line manufacturing processes. Many small satellite applications envision systems comprising the constellations of hundreds of satellites offer several advantages such as an increase in temporal resolution, revisit rate, and formation flying. Military officers can use small satellites to acquire real-time information, which can help them in decision making. Therefore, various countries are investing in small satellites. The project includes small satellites, satellite communications, space deterrence and reduction of on-orbit space debris, and launch. Similarly, in November 2021, Air Force Research Laboratory Space Vehicles Directorate announced that they had signed a contract with Tyvak Nano-Satellite Systems for experimenting in very low Earth orbit. Tyvak was awarded US$ 8.4 million for the satellite launch project and is projected to launch in 2024. Thus, the growing use of small satellites for military applications will further boost the South America small satellite market growth during the forecast period.
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The List of TOP KEY PLAYERS in South America Small Satellite Market Report are –
Lockheed Martin Corp; Northrop Grumman Corp; Raytheon Technologies Corp; and Thales SA are the leading companies operating in the South America small satellite market
The report additionally focuses on world major leading industry players of this market providing information like company profiles, product picture, and specification, capacity, production, price, cost, revenue, and contact information. This report focuses on market trends, volume and value, regional level, and company level. This report represents the overall South America Small Satellite Market Size by analyzing historical information and future prospects till 2028.
South America Small Satellite Market Segmentation
The South America small satellite market is segmented based on type, payload, application, vertical, and country.
Based on type, the South America small satellite market is bifurcated into nanosatellite (1 to 10 Kg) and microsatellite (10 to 150 Kg). The microsatellite (10 to 150 Kg) segment held a larger market share in 2022.
Based on payload, the South America small satellite market is segmented into automatic identification system (AIS), transmitter, imaging devices, and others. The automatic identification system (AIS) segment held the largest market share in 2022.
Based on application, the South America small satellite market is segmented into earth observation, communication and navigation, and scientific research. The earth observation segment held the largest market share in 2022.
Based on vertical, the South America small satellite market is segmented into government, military, and commercial. The commercial segment held the largest market share in 2022.
Based on country, the South America small satellite market is bifurcated into Brazil and the Rest of South America. Brazil dominated the market share in 2022.
The South America small satellite market, based on country, is bifurcated into Brazil and the Rest of South America (SAM). Over the last couple of years, the region has experienced a rise in space programs and growth in investments from public and private enterprises to drive the growth of the space industry. In February 2022, Amazon Web Services partnered with Brazilian Space Agency to support its long-term growth plans of offering satellite-based internet services across the country. The partnerships are boosting the space industry of the country, which, in turn, is expected to propel the growth of the small satellite market in Brazil.
The South America Small Satellite Market 2022 provides a complete assessment of the industry including definitions, classifications, applications, and industry chain structure, which is beneficial for companies regardless of their size and revenue. South America Small Satellite Market Survey report covering the major market insights and industry approach towards COVID-19 in the upcoming years. For each manufacturer covered, the clients will find the report complete in all aspects as it covers all key components with valuable statistics and expert opinions in all regards. This section analyses region-wise revenue and volume for the forecast period till 2028.
The use of small satellites helps government authorities monitor suspicious ships and serve other purposes such as communication & navigation, earth observation, and scientific research operations, as well as maintain national security and capture data regarding areas damaged by earthquakes or floods. In July 2021, Japan government announced to support the development of a small satellite constellation. Under the satellite constellation project, the government announced that they would support the companies for quick construction and domestic production of small satellites and thereby driving the small satellite market size in the region. In November 2021, Fleet Space Technologies raised US$ 26 million in funds to expand the nanosatellite IoT connectivity fleet. Also, in April 2022, the German parliament announced that it would invest US$ 10.51 million in the small satellite initiatives. Such investments and initiatives from governments for the development of small satellites are likely to fuel the small satellite market size.
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Key Highlights of the South America Small Satellite Market Research Report:
The report summarizes the South America Small Satellite Market by stating the definition, applications, scope, it’s price, supply and demand ratio, and market overview.
Competitive landscape of all leading key players together with their business strategies, approaches, and latest South America Small Satellite market development.
It elements market investment, opportunities, growth factors, restraints, and market risks.
It performs a comprehensive study of emerging players in the South America Small Satellite business along with the existing ones.
It accomplishes primary and secondary research and resources to estimate prime products, market size, and industrial partnerships of this business.
To study and analyze the South America Small Satellite consumption by key regions/countries, product type and application, history information, and forecast during 2022-2028.
To understand the structure of South America Small Satellite by identifying its various sub segments.
Focuses on the key South America Small Satellite manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans within the next few years.
To analyze South America Small Satellite with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the expansion of the market.
To project the consumption of South America Small Satellite submarkets, with respect to key.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions within the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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