Low-cost satellites are satellites whose life-cycle costs are significantly lower than the average cost of similar satellites. Foreign research community that can not be defined in a quantitative way low-cost satellite, but based on mathematical statistics analysis method can be compared to determine the low-cost category of satellite projects.
Global Low-Cost Satellite key players include Lockheed Martin, Northrop Gruman, Raytheon, Dynetics, Black Sky, etc. Global top five manufacturers hold a share over 60%.
United States is the largest market, with a share over 70%, followed by China and Europe, both have a share over 20% percent.
In terms of product, Nanosatellite is the largest segment, with a share over 50%. And in terms of application, the largest application is National Security, followed by Science & Environment.

Market Analysis and Insights: Global and China Low-Cost Satellite Market
This report focuses on global and China Low-Cost Satellite market.
In 2020, the global Low-Cost Satellite market size was US$ 834 million and it is expected to reach US$ 3240.6 million by the end of 2027, with a CAGR of 21.1% during 2021-2027. In China the Low-Cost Satellite market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Low-Cost Satellite Scope and Market Size
Low-Cost Satellite market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Low-Cost Satellite market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For China market, this report focuses on the Low-Cost Satellite market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in China.

Segment by Type
Low-Cost Communication Satellite
Low-Cost Imaging Satellite
Others

Segment by Application
Civil
Commercial
Military

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

By Company
Lockheed Martin
Northrop Gruman
Raytheon
Dynetics
Black Sky
Surrey Satellite Technology
Spire
Axelspace
Aerospace
Deep Space Industries
Sierra Nevada
Clyde Space
Planet Labs
Dauria Aerospace
Terran Orbital
Thales Alenia Space
SpaceQuest