Global Small Satellite Market

Global Small Satellite Market By Types (Minisatellite, Microsatellite, Nanosatellite, Picosatellite, and others), By Subsystems (Satellite Bus, Payloads, Solar Panel, and Satellite Antennas), By End-users (Civil, Commercial, and Military), By Applications (Communication, Earth Observation and Remote Sensing, Scientific Research & Exploration, Mapping & Navigation, Surveillance & Security, Meteorology, and Space Observation) and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: AD-3483
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 202
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The global small satellite market size was valued at ~USD 2.8 Bn in 2020 and is expected to reach ~USD 12.5 Bn by 2028, expanding at a CAGR of 20.5% during the forecast period, 2021-2028. Small satellites are low-cost substitutes that enable multinational firms, non-profit organizations, and educational establishments to perform low-Earth orbit operations. These small satellites enable a wide range of scientific experiments and technology demonstrations to be carried out in orbit at a minimal cost, in an efficient way, and with high flexibility. Small, light satellites need small, less expensive launch vehicles, therefore numerous satellite launches are frequently conceivable. Small satellites allow for cost-effective design and production. The market is fueled by rising demand for LEO-based services, increased need for earth observation images and analytics, and growing number of space research missions.

Global Small Satellite Market summary

Market Trends, Drivers, Restraints, and Opportunities:

  • Growing demand for high-definition earth imaging, significant investments in space research, and increasing number of government operations are some of the primary drivers for market expansion.
  • The restriction of small satellites in terms of payload capacity, as well as the lack of designated small satellite launch vehicles, impede the expansion of the small satellite market.
  • Research & development is aided by financial incentives, which ais expected to create high potential in the small satellite market over the forecast period.

Scope of the report:

The report on the global small satellite market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Global Small Satellite Market - Industry Analysis, Size, Share, Growth, Trends And Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

By Types (Minisatellite, Microsatellite, Nanosatellite, Picosatellite, and others), By Subsystems (Satellite Bus, Payloads, Solar Panel, and Satellite Antennas), By End-users (Civil, Commercial, and Military), By Applications (Communication, Earth Observation and Remote Sensing, Scientific Research & Exploration, Mapping & Navigation, Surveillance & Security, Meteorology, and Space Observation)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

OHB SE, Airbus S.A.S., L3Harris Technologies, Inc., Lockheed Martin Corporation., Sierra Nevada Corporation, The Aerospace Corporation., Planet Labs Inc., Boeing, RUAG Group, and AAC Clyde Space.

Global Small Satellite Market Segment Insights:

Cost-effective nanosatellites to drive the market

Based on types, the global small satellite market is segmented into minisatellite, microsatellite, nanosatellite, picosatellite, and others. The nanosatellites segment is anticipated to grow during the forecast period. Nanosatellites enable rapid, cost-effective, and sustainable access to space. These satellites are used for a plethora of sophisticated space missions, encompassing disaster risk management, environmental monitoring, scientific research and exploration, communications, special operations, positioning, and other academic applications. Less rigorous rules, simple production process, and low costs are driving the nanosatellite market.

Global Small Satellite Market taxonomy

Payloads segment to drive the market

On the basis of subsystems, the global small satellite market is segmented into satellite bus, payloads, solar panel, and satellite antennas. The payloads segment is expected to expand at a significant rate during the forecast period.

Growing popularity of internet services to drive the market

In terms of end-users, the global small satellite market is segmented into civil, commercial, and military. The commercial segment dominated the global market in 2020 and is expected to grow significantly over the forecast period, due to the growing popularity of internet services and mobile users. The industry is growing, due to the increased use of adversary spy satellites. Satellites are used for a variety of commercial purposes, including mapping, communications, and meteorology. Small satellites are increasingly being used in surveillance operations, hence the military segment is expected to develop significantly. The government segment is expected to grow significantly, due to increased satellite development projects by government space organizations.

Increased demand for earth observation & remote sensing segment in multiple applications to drive the market

Based on applications, the global small satellite market is segmented into communication, earth observation and remote sensing, scientific research & exploration, mapping & navigation, surveillance & security, meteorology, and space observation. The earth observation & remote sensing segment is expected to expand rapidly, due to increased demand for small satellites for earth observation and remote sensing in commercial, civil, and military applications worldwide.

North America expected to dominate the global market

In terms of regions, the global small satellite market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in North America is set to record significant CAGR in the forecast period. The presence of key players with a strong focus on the development of small satellites and the growing need to look at the world through small satellites are the main drivers of market growth in the region. In addition, the small satellite market is expected to grow in Asia Pacific during the forecast period. Increased focus on reducing total equipment costs is a key factor in the growth of the market in the region. The emerging economies in the region invested heavily in its development, as these satellites are economical and reliable. Small satellites are expected to record continued growth in emerging economies such as India and China.

Segments

Segments Covered in the Report:
By Types

  • Minisatellite
  • Microsatellite
  • Nanosatellite
  • Picosatellite
  • Others

By Subsystems

  • Satellite Bus
  • Payloads
  • Solar Panel
  • Satellite Antennas

By End-users

  • Civil
  • Commercial
  • Military

By Applications

  • Communication
  • Earth Observation and Remote Sensing
  • Scientific Research & Exploration
  • Mapping & Navigation
  • Surveillance & Security
  • Meteorology
  • Space Observation

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

By Key Players

  • OHB SE
  • Airbus S.A.S.
  • L3Harris Technologies, Inc.
  • Lockheed Martin Corporation.
  • Sierra Nevada Corporation
  • The Aerospace Corporation.
  • Planet Labs Inc.
  • Boeing
  • RUAG Group
  • AAC Clyde Space

 

Competitive Landscape

Key players in the global small satellite market include OHB SE, Airbus S.A.S., L3Harris Technologies, Inc., Lockheed Martin Corporation., Sierra Nevada Corporation, The Aerospace Corporation., Planet Labs Inc., Boeing, RUAG Group, and AAC Clyde Space.

Global Small Satellite Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Small Satellite Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Small Satellite Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Small Satellite Market - Supply Chain
  4.5. Global Small Satellite Market Forecast
     4.5.1. Small Satellite Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Small Satellite Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Small Satellite Market Absolute $ Opportunity
5. Global Small Satellite Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Small Satellite Market Size and Volume Forecast by Types
     5.3.1. Minisatellite
     5.3.2. Microsatellite
     5.3.3. Nanosatellite
     5.3.4. Picosatellite
     5.3.5. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Small Satellite Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Small Satellite Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Small Satellite Demand Share Forecast, 2019-2026
7. North America Small Satellite Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Small Satellite Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Small Satellite Market Size and Volume Forecast by Types
     7.4.1. Minisatellite
     7.4.2. Microsatellite
     7.4.3. Nanosatellite
     7.4.4. Picosatellite
     7.4.5. Others
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Small Satellite Demand Share Forecast, 2019-2026
8. Latin America Small Satellite Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Small Satellite Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Small Satellite Market Size and Volume Forecast by Types
     8.4.1. Minisatellite
     8.4.2. Microsatellite
     8.4.3. Nanosatellite
     8.4.4. Picosatellite
     8.4.5. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Small Satellite Demand Share Forecast, 2019-2026
9. Europe Small Satellite Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Small Satellite Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Small Satellite Market Size and Volume Forecast by Types
     9.4.1. Minisatellite
     9.4.2. Microsatellite
     9.4.3. Nanosatellite
     9.4.4. Picosatellite
     9.4.5. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Small Satellite Demand Share Forecast, 2019-2026
10. Asia Pacific Small Satellite Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Small Satellite Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Small Satellite Market Size and Volume Forecast by Types
     10.4.1. Minisatellite
     10.4.2. Microsatellite
     10.4.3. Nanosatellite
     10.4.4. Picosatellite
     10.4.5. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Small Satellite Demand Share Forecast, 2019-2026
11. Middle East & Africa Small Satellite Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Small Satellite Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Small Satellite Market Size and Volume Forecast by Types
     11.4.1. Minisatellite
     11.4.2. Microsatellite
     11.4.3. Nanosatellite
     11.4.4. Picosatellite
     11.4.5. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Small Satellite Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Small Satellite Market: Market Share Analysis
  12.2. Small Satellite Distributors and Customers
  12.3. Small Satellite Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. OHB SE
     12.4.2. Airbus S.A.S.
     12.4.3. L3Harris Technologies, Inc.
     12.4.4. Lockheed Martin Corporation.
     12.4.5. Sierra Nevada Corporation
     12.4.6. The Aerospace Corporation.
     12.4.7. Planet Labs Inc.
     12.4.8.

Segments Covered in the Report:
By Types

  • Minisatellite
  • Microsatellite
  • Nanosatellite
  • Picosatellite
  • Others

By Subsystems

  • Satellite Bus
  • Payloads
  • Solar Panel
  • Satellite Antennas

By End-users

  • Civil
  • Commercial
  • Military

By Applications

  • Communication
  • Earth Observation and Remote Sensing
  • Scientific Research & Exploration
  • Mapping & Navigation
  • Surveillance & Security
  • Meteorology
  • Space Observation

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

By Key Players

  • OHB SE
  • Airbus S.A.S.
  • L3Harris Technologies, Inc.
  • Lockheed Martin Corporation.
  • Sierra Nevada Corporation
  • The Aerospace Corporation.
  • Planet Labs Inc.
  • Boeing
  • RUAG Group
  • AAC Clyde Space

 

Key players in the global small satellite market include OHB SE, Airbus S.A.S., L3Harris Technologies, Inc., Lockheed Martin Corporation., Sierra Nevada Corporation, The Aerospace Corporation., Planet Labs Inc., Boeing, RUAG Group, and AAC Clyde Space.

Global Small Satellite Market keyplayers

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