Small Satellite Market - By Type, By Mass, By Application, By Component By End Use & Forecast 2023

Description

List of Tables

Global Small Satellite Market will witness significant growth from 2023 to 2032. Rapid advancements in miniaturization, propelled by electronics and manufacturing innovations, enable cost-effective satellite development. Rising efforts from organizations and escalating satellite launches support the market expansion. For instance, In May 2023, NASA launched the first of two satellites to monitor tropical cyclones. The new storm trackers can fly above hurricanes (or typhoons in the Pacific) every hour, as opposed to every six hours with present satellites, thanks to a rocket constructed by US company Rocket Lab and launched into orbit.

The increasing demand for real-time data and global connectivity prompts the deployment of constellations of small satellites. Reduced launch costs and ride-sharing opportunities make access to space more accessible. Additionally, applications like Earth observation, communication, and scientific research find efficient solutions in small satellite platforms. As governments, startups, and industries recognize their potential, these factors converge to power the small satellite market growth.

The overall Small Satellite Market is classified based on type, mass, application, and region.

Based on type, the microsatellite segment will amass notable revenue share from 2023 to 2032. Microsatellites, the diminutive yet powerful platforms typically weighing between 10 to 100 kilograms, offer cost-effective solutions for a range of applications such as Earth observation, communication, and scientific research. Their compact size allows for multiple satellites to be launched simultaneously, reducing costs and enabling rapid deployment, thus bolstering their adoption.

By mass, the small satellite segment will capture a notable small satellite market share by 2032. With masses ranging from 100 to 500 kilograms, these compact spacecraft offer versatile solutions across various sectors, including communication, remote sensing, and scientific research. Their agility in responding to changing needs and cost-effectiveness make them an attractive option for both established space players and emerging startups. As technology evolves and access to space becomes more accessible, the demand for small satellites remains strong, shaping the future of space exploration and applications.

Regarding the application, the communication segment will contribute significantly to the market from 2023-2032. Small satellites provide a cost-effective means of establishing global connectivity, delivering high-speed internet, data transfer, and real-time communication. As the world becomes more digitally connected, these satellites play a vital role in bridging communication gaps, especially in remote and underserved areas. Their adaptability and ability to form constellations make them a preferred choice for revolutionizing global communication networks, strengthening the small satellite industry outlook.

Regionally, the Europe small satellite market will gain traction during the forecast period due to the region's innovative space industry, driven by countries like France, Germany, and the United Kingdom. European space agencies and private companies recognize the potential of small satellites to deploy constellations rapidly and gather data efficiently. As Europe aims to enhance its space capabilities, the demand for small satellites continues to grow, propelling advancements in space technology.

Product Code: 5727

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Small satellite Market 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Type trends
2.5 Mass trends
2.6 Application trends
2.7 Component trends
2.8 End-user trends

Chapter 3 Small Satellite Market Insights

3.1 Impact on COVID-19
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Growing number of space exploration mission
  - 3.10.1.2 Rising demand for earth observation
  - 3.10.1.3 Increasing demand for LEO based small satellites
  - 3.10.1.4 Growth in R&D activities
  - 3.10.1.5 Strategic initiatives by market players
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Shortage of small satellite dedicated launch vehicle
  - 3.10.2.2 Lack of standard regulations
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Airbus
- 4.3.2 Lockheed Martin Corporation
- 4.3.3 Thales Group
- 4.3.4 Northrop Grumman Corporation
- 4.3.5 Sierra Nevada Corporation
- 4.3.6 Planet Labs Inc.
- 4.3.7 Blue Canyon Technologies
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Small Satellite Market Estimates and Forecast, By Type (USD Million)

5.1 Key trends, by type
5.2 Nano
5.3 Micro
5.4 Mini

Chapter 6 Small Satellite Market Estimates and Forecast, By Mass (USD Million)

6.1 Key trends, by mass
6.2 Small satellite
6.3 Cubesat

Chapter 7 Small Satellite Market Estimates and Forecast, By Application (USD Million)

7.1 Key trends, by application
7.2 Navigation
7.3 Communication
7.4 Earth Observation
7.5 Scientific Research
7.6 Others

Chapter 8 Small Satellite Market Estimates and Forecast, By Component (USD Million)

8.1 Key trends, by component
8.2 Satellite Bus
8.3 Payload
8.4 Solar Panel
8.5 Satellite Antenna
8.6 Others

Chapter 9 Small Satellite Market Estimates and Forecast, By End-user (USD Million)

9.1 Key trends, by end-user
9.2 Commercial
9.3 Government & Defense
9.4 Civil

Chapter 10 Small Satellite Market Estimates and Forecast, By End-user (USD Million)

10.1 Key trends, by region
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Singapore
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
10.6 MEA
- 10.6.1 South Africa
- 10.6.2 Saudi Arabia
- 10.6.3 UAE
- 10.6.4 Israel

Chapter 11 Company Profiles

11.1 Airbus
11.2 Axelspace Corporation
11.3 Ball Aerospace & Technologies
11.4 Blue Canyon Technologies
11.5 Dauria Aerospace Ltd.
11.6 Gomspace
11.7 L3Harris Technologies Inc.
11.8 Lockheed Martin Corporation
11.9 Maxar Technologies
11.10 Northrop Grumman Corporation
11.11 OHB SE
11.12 Planet Labs Inc.
11.13 Pumpkin Inc.
11.14 Sierra Nevada Corporation
11.15 Thales Group