Small Satellite Market

Contracts Was The Key Strategy Adopted by the Leading Players to Grow in the Small Satellite Market

Contracts was the key strategy adopted by companies to grow in the small satellite market in 2016. Leading players, such as Boeing (U.S.), Airbus Defense and Space (France), Lockheed Martin Corporation (U.S.), Sierra Nevada Corporation (U.S.), Planet Labs (U.S.), Surrey Satellite Technology Ltd. (U.K.), Space Exploration Technologies Corporation (U.S.), and Singapore Technologies Engineering Limited (Singapore) focus on securing supply contracts to expand their market reach, increase customer base, and enhance their service offerings. The small satellite market was led by Boeing (U.S.), Airbus Defense and Space (France), Sierra Nevada Corporation (U.S.), Planet Labs (U.S.), Surrey Satellite Technology Ltd. (U.K.), and Singapore Technologies Engineering Limited (Singapore) in 2016.

Boeing (U.S.) was the leader in the small satellite market considering its overall product offerings and business strategy, and accounted for the largest market share of 37.6% in 2016. It is a well-established player in the aerospace industry. Its strong technical expertise coupled with extensive R&D expenditure to develop small satellites provides the company the edge over its competitors in the small satellite market.

Sierra Nevada Corporation (SNC) was also one of the influential players in the market in 2016. The company has diversified product/service portfolio and focuses on securing contracts to represent and promote its inspection and mapping services in both, onshore and offshore industries. In January 2016, Sierra Nevada Corporation (SNC) was awarded a multi-year contract by NASA for cargo delivery, and disposal and return services for the International Space Station (ISS).

Furthermore, Planet Labs (U.S.) was also one of the major players in the small satellite market in 2016 due to its strong service portfolio. The company has been focusing on partnerships as a strategy to increase its service offerings and market share. In July 2016, the company announced its partnership with Wilbur-Ellis. Its high-cadence satellite imagery is expected to help farmers manage their crops and farmland.

Airbus Defense and Space (France) was also one of the leading companies that focuses on widening its product portfolio through innovative designs, and miniaturization of satellites and their components. In February 2016, the company signed a distribution agreement with the Singapore Technologies Electronics (Satcom & Sensors Systems) to sell Airbus satellite data and products in Singapore. Airbus’ imagery and services are expected to complement Singapore’s TeLEOS-1 earth observation satellite.

Related Reports:

Small Satellite Market by Type (Nanosatellite, Microsatellite, Minisatellite), End User (Civil, Defense, Commercial), Application (Earth Observation & Meteorology, Communication, Scientific Research & Exploration), and Region - Global Forecast to 2022

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Report Code
AS 4259
Published ON
May, 2017
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