Small satellite is also referred as miniaturized satellite or small sat, usually under 500kg mass. Small satellites are designed for a specific missions such as geological monitoring or communications and are often laced with a single instrument. According to Coherent Market Insights’ analysis, around 6,200 new small satellite are expected to be launched during 2018 – 2028. With the increase in space debris, there is a growing need for satellite servicing and debris removal missions. Small satellites can be employed for these purposes due to their lower costs and flexibility. They can serve as inspectors, rendezvous targets, or active debris removal agents, contributing to space sustainability efforts.
Market Dynamics:
Increasing adoption of small satellites in earth observatory for several aspects such as weather forecast and agricultural or waste land management is expected to boost the market growth. Small sat also plays a key role in disaster management. Small satellites generate vast amounts of data, and companies are developing advanced analytics and data processing capabilities to extract valuable insights. Data analytics and value-added services, such as image analysis, data fusion, and predictive modeling, provide additional revenue streams and drive the demand for small satellite missions.
Key features of the study:
- This report provides an in-depth analysis of the global small satellite market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
- It profiles leading players in the small satellite market based on the following parameters– regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
- Small satellite market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the small satellite market
Detailed Segmentation:
- Global Small Satellite Market, By Satellite Size
- Minisatellite
- Microsatellite
- Nanosatellite
- Picosatellite
- Femtosatellite
- Global Small Satellite Market, By Application Type
- Earth Observation
- Telecommunication
- Scientific Research
- Technology Demonstration
- Global Small Satellite Market, By End User
- Civil
- Defense
- Commercial
- Government
- Global Small Satellite Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Harris Corporation Airbus Defense and Space
- Boeing
- Geooptics Inc.
- Lockheed Martin Corporation
- Millennium Space Systems Inc.
- Northrop Grumman Corporation,
- OHB AG,
- Oneweb Ltd,
- Planet Labs Inc.,
- Sierra Nevada Corporation,
- Singapore Technologies Engineering Limited,
- Space Exploration Technologies Corp. (Space X),
- Surrey Satellite Technology Ltd.
- Thales Alenia Space.
