Market Share of North America Small Satellite Industry
Though the North American small satellite market is characterized by the presence of several players, the market is dominated by only a few players, owing to their huge product portfolios. Since traditional satellite manufacturers are not the sole investors in the market, a radical change in the market dynamics is anticipated to emerge. Hence, to retain their competitive edge, some satellite ventures plan to manufacture space systems, payloads, or subsystems and components inhouse. For instance, in April 2019, OneWeb Satellites, a JV startup formed with the technological support from Airbus, announced its plans to build most of its 900 satellites inhouse at a new facility in Florida, US. Also, major technological shifts, such as miniaturization, and the advent of reusable satellite launch vehicle systems may necessitate the subsequent adaptation for seizing emerging market opportunities. Moreover, owing to the long R&D period associated with the satellite industry, some companies are exposed to certain risks associated with design responsibility, the development of new production tools, more capital and funding commitments, delivery schedules, and unique contractual requirements. These risks, if not resolved swiftly, can affect the financial status of the market players and expose them to revenue fluctuations.
North America Small Satellite Market Leaders
Northrop Grumman Corporation
Millennium Space Systems, Inc. (The Boeing Company)
Thales Alenia Space
Planet Labs, Inc.
Adcole Maryland Aerospace, LLC
*Disclaimer: Major Players sorted in no particular order
