Small Satellite Market, by Satellite Size (Minisatellite, Microsatellite, Nanosatellite, Picosatellite, and Femtosatellite), by Application Type (Earth Observation, Telecommunication, Scientific Research, Technology Demonstration), by End User (Civil, Defense, Commercial, and Government) and by Region (North America, Europe, Asia Pacific, and LAMEA) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

  • Published On : Feb 2019 |
  • Pages : 176 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global Small Satellite Market - Insights

Small satellites are satellites of low mass and size that are usually under 500 kg. All such satellites can be referred to as ‘small’. However, different classifications are used to categorize these satellites based on mass. Small satellites reduce the huge economic cost of launch vehicle and cost associated with its construction. This has led to increasing participation of emerging economies and startups towards satellite launch for various purposes such as communication and security. For instance, in January 2018, Indian Space Research Organization (ISRO) launched new small satellite called Microsat.

The global small satellite market is expected to witness significant growth during the forecast period (2018–2026). The growth is majorly attributed to development of advanced small satellites such as small sat express of HawkEye 360 Inc, GTOSat-Cubesat mission and Asteria small satellite of NASA that are capable of performing a number of operations such as earth observatory and communication.

Increasing use of mobile phones, communication modules, data-based services, and GPS systems, owing to next-generation 4G/LTE networks is driving growth of the small satellite market. These services are used by various sectors such as automotive, electronics, military, IT, communication, and others. For instance, according to a report published by Pew Research Center, in June 2017, 77% of the people in the U.S owned a smartphone in 2017, which accounted for a 35% compared to 2011.  

Majority of trade worldwide is carried by sea, which increases demand for small satellites for tracking ships with GPS. Moreover, several companies in the oil and gas transport, educational institutes, and private companies use GPS in official vehicles and tankers to locate their vehicles and maintain transparency. Therefore, these applications rely on small satellites for communication as a viable and cost-effective solution, which is expected to boost the market growth.

Figure 1. Global Small Satellite Market Share, By Application Type (2017, %)

Source: Coherent Market Insights, 2017-18

Earth observatory segment is expected to witness considerable growth in the market over the forecast period:

Earth observatory small satellites are used to monitoring civil engineering projects, especially in rural or remote areas. Therefore, increasing development of spectral imaging technologies is expected to boost demand for small satellites over the forecast period. For instance, in 2014, Boeing received its first commercial order for the 502 Phoenix small satellite from HySpecIQ — a high resolution hyperspectral imaging information provider based in Washington D.C. These satellites will carry the company’s first high-resolution hyperspectral payload that is capable of providing high-fidelity spectral imaging by earth observatory.

Similarly, in 2016, the National Oceanic and Atmospheric Administration (NOAA) signed a contract with Spire Global to collect and evaluate weather data across various regions. Spire Global and GeoOptics have developed GPS radio-based small satellites that can infer temperature, pressure, and humidity at various altitudes.

Figure 2. Global Small Satellite Market Share, by Region (2017, %)

Source: Coherent Market Insights, 2017-18

North America is expected to hold dominant position in the small satellite market over the forecast period:

Among Regions, North America held dominant position in the global small satellite market, accounting for 55% market share by value in 2017. The region is expected to retain its dominance in the market over the forecast period, owing to presence of major players such as National Aeronautics Space Association (NASA), Space Exploration Technologies Corp., and The Boeing Company.

Increasing demand for weather forecast software such as AccuWeather, The Weather Channel, Yahoo Weather, and Google Weather is also expected to boost the market growth. The increase in demand is mainly attributed to growing air and sea transport services and weather monitoring services for disaster management. For instance, in December 2018 HawkEye 360, Inc. announced a successful launch of Pathfinder Mission cluster of three formation- flying small satellites. The satellites are tasked to collectively locate and sense radio emissions beamed from the ground, especially from the vehicles that are to be tracked.

Key players operating in the global small satellite market include, 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., and Thales Alenia Space.

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.

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. For instance, in November 2018, Indian Space Research Organization (ISRO) launched HySIS— the earth observation satellite from its Satish Dhawan Space Center. The satellite is tasked to offer data related to agriculture, forestry, soil survey, geology, coastal zone studies, inland water studies, environmental monitoring, and pollution detection from industries.

Small satellite reduces large economic cost of launch vehicles and cost associated with construction of satellites. For instance, according to University of Colorado at Boulder November 2018 report, a cubesat mission costs around US$ 2 million to build and operate, which is far less than full-sized satellite expanses.

Technical challenges associated with small satellites are lack of sufficient power storage or room for propulsion system, which may hinder the market growth.

Key features of the study:

  • This report provides in-depth analysis of small satellite market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2018– 2026), considering 2017 as the base year
  • It elucidates potential revenue opportunity 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 key players
  • It profiles key players in the global small satellite market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, small satellite market capital, key developments, strategies, and future plans
  • Companies covered as part of this study include, Airbus S.A.S, Boeing, Lockheed Martin Corporation, Northrop Grumman Corporation, Thales Group, SpaceX, Space Systems/Loral, LLC, Mitsubishi Electric Corporation, Ball Corporation, and Indian Space Research Organization (ISRO)
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
  • The global small satellite market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the small satellite market

Detailed Segmentation:

By satellite size:

  • Minisatellite
  • Microsatellite
  • Nanosatellite
  • Picosatellite
  • Femtosatellite

By application type:

  • Earth Observation
  • Telecommunication
  • Scientific Research
  • Technology Demonstration

By end user:

  • Civil
  • Defense
  • Commercial
  • Government

Global Small Satellite Market, By Geography:

  • North America
    • By Satellite Size:
      • Minisatellite
      • Microsatellite
      • Nanosatellite
      • Picosatellite
      • Femtosatellite
    • By application type:
      • Earth Observation
      • Telecommunication
      • Scientific Research
      • Technology Demonstration
    • By end user:
      • Civil
      • Defense
      • Commercial
      • Government
    • By Country:
      • U.S.
      • Canada
  • Europe
    • By satellite size:
      • Minisatellite
      • Microsatellite
      • Nanosatellite
      • Picosatellite
      • Femtosatellite
    • By application type:
      • Earth Observation
      • Telecommunication
      • Scientific Research
      • Technology Demonstration
    • By end user:
      • Civil
      • Defense
      • Commercial
      • Government
    • By Country:
      • Germany
      • UK
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By satellite size:
      • Minisatellite
      • Microsatellite
      • Nanosatellite
      • Picosatellite
      • Femtosatellite
    • By application type:
      • Earth Observation
      • Telecommunication
      • Scientific Research
      • Technology Demonstration
    • By end user:
      • Civil
      • Defense
      • Commercial
      • Government
    • By Country:
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • LAMEA
    • By satellite size:
      • Minisatellite
      • Microsatellite
      • Nanosatellite
      • Picosatellite
      • Femtosatellite
    • By application type:
      • Earth Observation
      • Telecommunication
      • Scientific Research
      • Technology Demonstration
    • By end user:
      • Civil
      • Defense
      • Commercial
      • Government
    • By Sub-Region:
      • Latin America
      • Middle East
      • Africa

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Satellite Size
      • Market Snippet By Application Type
      • Market Snippet By End User
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New Product Approvals/Launch
  4. Global Small Satellite Market, By Satellite Size, 2017 - 2026  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Segment Trends
    • Minisatellite
      • Introduction
      • Market Size and Forecast, 2017 - 2026 , (US$ Million)
    • Microsatellite
      • Introduction
      • Market Size and Forecast, 2017 - 2026 , (US$ Million)
    • Nanosatellite
      • Introduction
      • Market Size and Forecast, 2017 - 2026 , (US$ Million)
    • Picosatellite
      • Introduction
      • Market Size and Forecast, 2017 - 2026 , (US$ Million)
    • Femtosatellite
      • Introduction
      • Market Size and Forecast, 2017 - 2026 , (US$ Million)
  5. Global Small Satellite Market, By  Application Type, 2017 - 2026  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Segment Trends
    • Earth observation
      • Introduction
      • Market Size and Forecast, 2017 - 2026 , (US$ Million)
    • Telecommunication
      • Introduction
      • Market Size and Forecast, 2017 - 2026 , (US$ Million)
    • Scientific research
      • Introduction
      • Market Size and Forecast, 2017 - 2026 , (US$ Million)
    • Technology demonstration
      • Introduction
      • Market Size and Forecast, 2017 - 2026 , (US$ Million)
  6. Global Small Satellite Market, By  End User, 2017 - 2026  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Segment Trends
    • Civil
      • Introduction
      • Market Size and Forecast, 2017 - 2026 , (US$ Million)
    • Defense
      • Introduction
      • Market Size and Forecast, 2017 - 2026 , (US$ Million)
    • Commercial
      • Introduction
      • Market Size and Forecast, 2017 - 2026 , (US$ Million)
    • Government
      • Introduction
      • Market Size and Forecast, 2017 - 2026 , (US$ Million)
  7. Global Small Satellite Market, By Regions, 2017 - 2026  (US$ Million)
    • Introduction
    • Market Share Analysis, By Region, 2017 and 2026 (%)
    • North America
      • By Country
        • U.S.
        • Canada
      • By Segment
        • Market Size and Forecast, By Satellite Size, 2017 - 2026  (US$ Million)
        • Market Size and Forecast, By Application Type, 2017 - 2026  (US$ Million)
        • Market Size and Forecast, By End User, 2017 - 2026  (US$ Million)
    • Europe
      • By Country
        • Germany
        • UK
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
      • By Segment
        • Market Size and Forecast, By Satellite Size, 2017 - 2026  (US$ Million)
        • Market Size and Forecast, By Application Type, 2017 - 2026  (US$ Million)
        • Market Size and Forecast, By End User, 2017 - 2026  (US$ Million)
    • Asia Pacific
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
      • By Segment
        • Market Size and Forecast, By Satellite Size, 2017 - 2026  (US$ Million)
        • Market Size and Forecast, By Application Type, 2017 - 2026  (US$ Million)
        • Market Size and Forecast, By End User, 2017 - 2026  (US$ Million)
    • LAMEA
      • By Sub-Region
        • Latin America
        • Middle East
        • Africa
      • By Segment
        • Market Size and Forecast, By Satellite Size, 2017 - 2026  (US$ Million)
        • Market Size and Forecast, By Application Type, 2017 - 2026  (US$ Million)
        • Market Size and Forecast, By End User, 2017 - 2026  (US$ Million)
  8. Competitive Landscape
    • Company Profiles
      • Airbus
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Boeing
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Lockhead Martin
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Orbital ATK
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Thales Alena Space
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Space X
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • SSL
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Mitsubishi Electric Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Ball Aerospace
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Indian Space Research Organisation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse all the market data tables and figures on "Global Small Satellite Market- Global forecast to 2026”.

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
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Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
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  • Technology indicators

Data Processing

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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

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  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

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