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 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% between 2021 and 2027
Global Low-Cost Satellite Scope and Market Size
The global Low-Cost Satellite market is segmented by region (country), company, 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 sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.

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

Segment by Application
Civil
Commercial
Military

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

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE