USD 40 BN OF POTENTIAL OPPORTUNITY IS OPENING UP IN NEW SPACE INDUSTRY
Download PDFDisruption – as new space industry market heads to $10 Bn, Debris Mitigation, 3D printed satellites and militarization of space are the next big trends- $2-3BN of potential opportunity is opening up
Disruption – as new space industry market heads to $10 Bn, Debris Mitigation, 3D printed satellites and militarization of space are the next big trends- $2-3BN of potential opportunity is opening up
DIGITAL TECHNOLOGIES driving the growth of Satellite ecosystem THROUGH HIGH Throughput and miniatured satellite innovations
UNDER NEW SPACE PROGRAM, COUNTRIES LIKE, RUSSIA, CHINA, AND INDIA ARE WORKING TOWARDS MILITARIZATION OF SPACE BY DEVELOPING SPACE BASED AND GROUND BASED DIRECTED ENERGY ANTI SATELLITE WEAPONS WITH THE HELP OF PRIVATE PLAYERS
TOP New Space GROWTH STORIES
MARKETSANDMARKETS ASSISTED A $15 BILLION COMPANY FIND NEW APPLICATIONS FOR ITS SATELLITE & PAYLOAD PRODUCTS TO CREATE $100-120 MN REVENUE IMPACT
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MARKETSANDMARKETS ASSISTED A LEADING SATELLITE PAYLOAD MANUFACTURER TO GROW THEIR ASIA-PACIFIC BUSINESS, WITH A PROJECTED REVENUE OF US$100-120 MILLION IN 3-4 YEARS
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MARKETSANDMARKETS HELPED A COMPONENT MANUFACTURER IN SATELLITE ECOSYSTEM, WE HELPED THE CLIENT GROW THEIR BUSINESS BY EXPANDING THE PRODUCT RANGE, WITH A PROJECTED REVENUE ADDITION OF US$60-80 MILLION IN NEXT 2-3 YEARS
Download PDFNew space MARKET IS ESTIMATED TO GROW AT A significant CAGR OF 20-25% IN THE COMING 5 YEARS, DRIVEN BY increasing demand for LEO-based services, and increased focus on reducing cost of miniature satellites
New space MARKET IS ESTIMATED TO GROW AT A significant CAGR OF 20-25% IN THE COMING 5 YEARS, DRIVEN BY increasing demand for LEO-based services, and increased focus on reducing cost of miniature satellites
BY 2026, THERE is projected to have ~USD 7-10 Bn POTENTIAL WITHIN low-cost satellite APPLICATIONS, more than 45% OF WHICH IS CONTRIBUTED BY Earth Observation & remote sensing DRIVEN BY High resolution imagery
SIMILARLY, ADJACENT MARKETS HOLD A POTENTIAL OF OVER USD 10-12 BILLION IN SATELLITE INDUSTRY, MAJORITY OF WHICH WILL BE CONTRIBUTED BY DATA ANALYSIS, rapids, STORAGE & MANAGEMENT
ADDITIONALLY, WE HAVE ASSISTED A HOST OF satellite manufacturing and services companies to TAP HIGH GROWTH OPPORTUNITIES ACROSS EMERGING END-USERS, GEOGRAPHIES & COMPETITION
WHY DO COMPANIES NEED HELP TO GROW?
ABSENCE OF ORIGINAL RESEARCH:
- Complex and overlapping markets for library prep and target enrichment kits, hence difficult to calculate market potential and TAM
- Insufficient secondary research for strategic decisions
INTELLIGENCE IS NOT DEMOCRATISED:
- Client unmet needs need to be understood by all market facing employees for new product development and vendor selection.
- Bleak knowledge about upcoming technologies and growing applications such as data analytics and processing and commercial applications
GROWTH PROGRAM DESIGN AND EXECUTION:
- Lack of GTM knowledge and practice in competitive intel, pricing and product features, especially in space services
SOME UNKNOWNS & ADJACENCIES
- Adoption levels of small satellites in commercial applications is high. It is expected to range between 40-45% globally during 2026, however, in developed countries it is approaching 55-60%. The LEO high throughput satellites are witnessing increased demand owing to high data rates with less time, thereby improving the overall communication & imagery capabilities.
- Privatization of the space industry can be considered as one of the strongest driving forces behind the peaceful utilization of space resources with the development of various advanced technologies and products for commercial end use.
- Adjacent markets such as remote sensing, satellite data services are providing immense growth opportunities owing to generation of huge demanding for real time videos and imagery data for analysis.
- The requirement of high-resolution Earth imaging has increased across verticals, as images can be used for various purpose such as precise management of land, water and forest resources, among others. The growth in the small satellite imagery marketplace is expected to be driven by industries such as agriculture, financial trade, energy companies and urban planning.
GROWTH PROBLEMS ENCOUNTERED BY New Space COMPANIES
Customer prioritization and assessing unmet needs:
- What are the disruptions in our clients’ businesses? How can MnM support them for their growth?
- Who are the most prominent customers in the near term? Should they prioritize satellite operators over media & entertainment or Insurance or energy & Power or scientific research & Development or defense & Intelligence agencies?
- What are the key unmet needs of customers? Who are the key stakeholders in different settings? Do vendor selection criteria differ by settings? Which new product features should be added to the existing products?
Where to Play:
- Which applications and service areas should we focus on? Should it be Service-based Big Data analytics or raw data and real time information or any other?
- Which regions should we place our bets on? Should we continue with developed countries or do developing countries offer more growth opportunities?
Building a compelling Right to Win (RTW):
- For M&A, which are the right targets for us? Should we target midstream companies or downstream companies? Should we enter new markets directly or through partners?
- How can we differentiate from top players? What is their right-to-win vs ours?
OBSTACLES TO GROWTH FOR CURRENT PLAYERS
- Not able to keep pace with fast evolving space industry – New technologies are emerging leading to decreasing cost of manufacturing and services
- Many start-ups and emerging companies eating up market share of established companies
- Limited clarity on unmet needs, hence requirements for product features
- Unclear picture about the regulatory and reimbursement scenario
KEY UNCERTAINTIES/ PERSPECTIVES WHICH INDUSTRY LEADERS SEEK ANSWERS TO:
KEY QUESTIONS OF New Space COMPANIES
- What are the market entrance regulation and norms for emerging economic countries for the satellite players?
- What would be the change in revenue mix in near future, and what would be opportunity for star-ups in near five years?
- Which satellite services will be relevant and redundant in the next 5 years?
- How does the Drone Analytics market look like in the next 10 years?
- What are the core applications of Satellites, which application segment is expected to dominate the market for coming years?
KEY QUESTIONS OF COMPANIES IN ADJACENT MARKETS
- Which adjacent products and services should the company focus? Should they have a tailored offering for each applications?
- How are companies planning on providing pre and post launch services?
- What will be the overall impact of reusable rocket launch vehicles on satellite launch services market?
- What will be the impact of in orbit servicing and in orbit manufacturing in the near future?
LEADERS ACROSS VARIOUS FUNCTIONS IN NEW SPACE AND SATELLITE COMPANIES NEED HELP IN TACKLING BELOW INTERCONNECTED REVENUE RELATED PROBLEMS (1)
LEADERS ACROSS VARIOUS FUNCTIONS IN NEW SPACE AND SATELLITE COMPANIES NEED HELP IN TACKLING BELOW INTERCONNECTED REVENUE RELATED PROBLEMS (2)
LEADERS ACROSS VARIOUS FUNCTIONS IN NEW SPACE AND SATELLITE COMPANIES NEED HELP IN TACKLING BELOW INTERCONNECTED REVENUE RELATED PROBLEMS (3)
What is driving change
in your business
- Product life cycles getting shorter.
- Ecosystems getting converged.
- Newer technologies and new use-cases disrupting.
- New markets, new geographies, new clients, competition and partners.
Are changes only impacting you or your clients and their clients as well?
The trial will be a guided tour by our representative to help you discover the shift in revenue sources of your clients and clients' clients that will impact your revenue. This is your opportunity to unlock the research IP worth $100 million
Ri story: for A multinational corporation and a leader in SMALL SATELLITE SERVICES markets, we helped client to accelerate market capture by 6-12 months IN SMALL SATELLITE MARKET
MNM ASSISTED A $15 billion company FIND NEW APPLICATIONS FOR ITS satellite & payload PRODUCTS TO CREATE $100-120 MN REVENUE IMPACT
RI STORY #1: FOR A LEADING SATELLITE PAYLOAD MANUFACTURER, WE HELPED THEM GROW THEIR ASIA-PACIFIC BUSINESS, WITH A PROJECTED REVENUE OF US$100-120 MILLION IN 3-4 YEARS
mnm RESEARCH FOCUSES ON HIGH GROWTH & NICHE MARKETS – such as Satellite Payloads, Remote sensing services, satcom equipment, satellite data services AND RELATED MARKETS
INDICATIVE LIST OF OTHER PROJECTS EXECUTED FOR New Space COMPANIES:
- STUDY
- Satellite Antennas
- Space Situational Awareness
- Satellite Communication (SATCOM) Equipment
- Small Satellites
- Satellite Data Services
- Space Robotics
- CubeSats
- Small Satellite Services
- Space DC-DC Converters
- Space Sensors and Actuators
- Space Propulsion
- Remote Sensing Services
- Satellite Bus
- SATCOM on the Move
- Satellite Payloads
- Space Launch Services
We UNDERSTAND THE ECOSYSTEM OF NEW SPACE AND SATELLITE INDUSTRY AND HAS RESEARCH COVERAGE ACROSS THE submarkets
impacting you and
your clients
New Space COMPANIES
MARKET DEVELOPMENT AND STRATEGY MANAGER,
US BASED SATELLITE MANUFACTURER
The research and discussions with the MarketsandMarkets team were insightful and influential towards driving our team’s strategic direction. After engaging with the analyst team, we were able to have focused use cases, a targeted market segment, and strategic partners to consider as part of our GTM for space-based weapon technologies. The insights shared by MarketsandMarkets captured some useful information that we could leverage to develop our point of view for the next steps. The market reports were a great start for the project.
VP - MARKETING & BUSINESS DEVELOPMENT,
LEADING PROVIDER OF SATELLITE SERVICES
MarketsandMarkets is a trusted resource that helps us to better understand space electronics related markets that are near-adjacencies—whether its technology, value chain or geography. Their Knowledge Store platform provides a dashboard of markets and their characteristics which is easy to use and saves us time.
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