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PUBLISHER: The Business Research Company | PRODUCT CODE: 1245933

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1245933

Small Satellite Global Market Report 2023

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PAGES: 200 Pages
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“Small Satellite Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on small satellite market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for small satellite? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The small satellite market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

  • 1) By Type: Minisatellite; Microsatellite; Nanosatellite; Pico-Satellites; Femtosatellites
  • 2) By Orbit: Low Earth Orbit (LEO); Middle Earth Orbit (MEO); Geostationary Earth Orbit (GEO)
  • 3) By Component: Structures; Payload; Electric Power System; Solar Panel And Antenna Systems; Propulsion Systems; Other Components
  • 4) By Application: Earth Observation And Remote Sensing; Satellite Communication; Science And Exploration; Mapping And Navigation; Space Observation; Other Applications
  • 5) By End-User: Commercial; Academic; Government And Military; Other End-Users
  • Companies Mentioned: Sierra Nevada Corporation; Lockheed Martin Corporation; Airbus; L3 Harris Technologies; The Aerospace Corporation
  • Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
  • Delivery Format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the small satellite market are: Sierra Nevada Corporation, Lockheed Martin Corporation, Airbus, L3 Harris Technologies, The Aerospace Corporation, Planet Labs, GomSpace, Boeing, Space Exploration Technologies, Blue Canyon Technologies, Honeywell International Inc., ST Engineering, Orbital ATK, Inc., Ball Corporation, Israel Aerospace Industries Ltd., QinetiQ, ISIS- Innovative Solutions In Space B.V., Surrey Satellite Technology Ltd. and Spire Global.

The global small satellite market grew from $4.36 billion in 2022 to $5.34 billion in 2023 at a compound annual growth rate (CAGR) of 22.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The small satellite market is expected to grow to $11.32 billion in 2027 at a CAGR of 20.6%.

The small satellite market consists of sales of spacecraft bus, launcher, ground system. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The small satellite refers to the satellites that weigh less than 1,000 kg (2,204 pounds). Small satellites are created by small, highly engaged teams who work on them from conception to launch and operation. Small satellites' weight is reduced even further by using lighter materials in mechanical systems and designing subsystems without redundancy.

North America was the largest region in the small satellite market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in small satellite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of small satellites are minisatellite, microsatellite, nanosatellite, pico-satellites, femto satellites. Minisatellites are smaller in size. The minisatellite will usually weigh 100-500 kgs. They can orbit in Low Earth Orbit (LEO), Middle Earth Orbit (MEO), Geostationary Earth Orbit (GEO). The components of these are structures, payload, electric power system, solar panel and antenna systems, propulsion systems, other components that are applied in earth observation and remote sensing, satellite communication, science and exploration, mapping and navigation, space observation, other applications. There are various end-users such as commercial, academic, government and military, other end-users.

The increasing space exploration missions are significantly driving the growth of the small satellite market. Various government agencies across the world are increasing their space missions and small satellites help them to complete their space missions. According to economic times, an English daily newspaper, China's National Space Administration (CNSA) estimates that the government will launch around 100 satellites by 2025. Similarly, according to the US Air Force Research Laboratory, a scientific research organization operated by the United States Air Force Materiel Command, the US military intends to expand its space awareness capabilities beyond geostationary orbit and aims to start patrolling the Moon taking the mission to the other side of Moon about 1000 times higher. These advances are projected to have a favorable impact on the need and usage of small satellites across the world.

Technological advancements are shaping the small satellite market. Major companies operating in the small satellite market are focused on bringing advancements in technologies that offer to strengthen their position. For instance, in July 2020, Airbus, a European multinational aerospace corporation, created the Prometheus 1 next-generation software-defined radio payload with innovative technology to provide the tremendous capability to clients. Prometheus 1 is a software-defined radio with a 400 MHz UHF antenna that can be reconfigured while in space using disruptive technology. It will be able to assess radio spectrum utilization around the planet from space, detect Faraday-1 satellite radar monitoring, and identify and locate search and rescue beacons. Because it possesses features that are superior, disruptive technology washes away the systems or behaviors it replaces.

In August 2021, Space X, a leading a US-based aerospace manufacturer acquired Swarm for an undisclosed amount. As a result of this acquisition, SpaceX's business will expand as a result of its ownership of a constellation of 120 sandwich-sized satellites and also a ground station network. Swarm is a U.S-based start-up that developed sandwich-sized small satellites and manufactures low-cost components used in the satellite and provides data connectivity as well.

The countries covered in the small satellite market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The small satellite market research report is one of a series of new reports from The Business Research Company that provides small satellite market statistics, including small satellite industry global market size, regional shares, competitors with a small satellite market share, detailed small satellite market segments, market trends and opportunities, and any further data you may need to thrive in the small satellite industry. This small satellite market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r3585

Table of Contents

1. Executive Summary

2. Small Satellite Market Characteristics

3. Small Satellite Market Trends And Strategies

4. Small Satellite Forwarding Market - Macro Economic Scenario

  • 4.1 COVID-19 Impact On Small Satellite Forwarding Market
  • 4.2 Ukraine-Russia War Impact On Small Satellite Forwarding Market
  • 4.3 Impact Of High Inflation On Small Satellite Forwarding Market

5. Small Satellite Market Size And Growth

  • 5.1. Global Small Satellite Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Small Satellite Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Small Satellite Market Segmentation

  • 6.1. Global Small Satellite Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Minisatellite 
  • Microsatellite 
  • Nanosatellite 
  • Pico satellites  
  • Femto satellites
  • 6.2. Global Small Satellite Market, Segmentation By Orbit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Low Earth Orbit (LEO)
  • Middle Earth Orbit (MEO)
  • Geostationary Earth Orbit (GEO)
  • 6.3. Global Small Satellite Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Structures
  • Payload
  • Electric Power System
  • Solar Panel And Antenna Systems
  • Propulsion Systems
  • Other Components
  • 6.4. Global Small Satellite Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Earth Observation and Remote Sensing
  • Satellite Communication
  • Science And Exploration
  • Mapping And Navigation
  • Space Observation
  • Other Applications
  • 6.5. Global Small Satellite Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Commercial
  • Academic
  • Government And Military
  • Other End Users

7. Small Satellite Market Regional And Country Analysis

  • 7.1. Global Small Satellite Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global Small Satellite Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Small Satellite Market

  • 8.1. Asia-Pacific Small Satellite Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Small Satellite Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 8.3. Asia-Pacific Small Satellite Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Small Satellite Market

  • 9.1. China Small Satellite Market Overview
  • 9.2. China Small Satellite Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
  • 9.3. China Small Satellite Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Small Satellite Market

  • 10.1. India Small Satellite Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 10.2. India Small Satellite Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Small Satellite Market

  • 11.1. Japan Small Satellite Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 11.2. Japan Small Satellite Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Small Satellite Market

  • 12.1. Australia Small Satellite Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 12.2. Australia Small Satellite Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Small Satellite Market

  • 13.1. Indonesia Small Satellite Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 13.2. Indonesia Small Satellite Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Small Satellite Market

  • 14.1. South Korea Small Satellite Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 14.2. South Korea Small Satellite Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Small Satellite Market

  • 15.1. Western Europe Small Satellite Market Overview
  • 15.2. Western Europe Small Satellite Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 15.3. Western Europe Small Satellite Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Small Satellite Market

  • 16.1. UK Small Satellite Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 16.2. UK Small Satellite Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Small Satellite Market

  • 17.1. Germany Small Satellite Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 17.2. Germany Small Satellite Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Small Satellite Market

  • 18.1. France Small Satellite Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 18.2. France Small Satellite Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Small Satellite Market

  • 19.1. Eastern Europe Small Satellite Market Overview
  • 19.2. Eastern Europe Small Satellite Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 19.3. Eastern Europe Small Satellite Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Small Satellite Market

  • 20.1. Russia Small Satellite Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 20.2. Russia Small Satellite Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Small Satellite Market

  • 21.1. North America Small Satellite Market Overview
  • 21.2. North America Small Satellite Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 21.3. North America Small Satellite Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Small Satellite Market

  • 22.1. USA Small Satellite Market Overview
  • 22.2. USA Small Satellite Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 22.3. USA Small Satellite Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Small Satellite Market

  • 23.1. South America Small Satellite Market Overview
  • 23.2. South America Small Satellite Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 23.3. South America Small Satellite Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Small Satellite Market

  • 24.1. Brazil Small Satellite Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 24.2. Brazil Small Satellite Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Small Satellite Market

  • 25.1. Middle East Small Satellite Market Overview
  • 25.2. Middle East Small Satellite Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 25.3. Middle East Small Satellite Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Small Satellite Market

  • 26.1. Africa Small Satellite Market Overview
  • 26.2. Africa Small Satellite Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 26.3. Africa Small Satellite Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Small Satellite Market Competitive Landscape And Company Profiles

  • 27.1. Small Satellite Market Competitive Landscape
  • 27.2. Small Satellite Market Company Profiles
    • 27.2.1. Sierra Nevada Corporation
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Lockheed Martin Corporation
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. Airbus
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. L3 Harris Technologies
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. THE AEROSPACE CORPORATION
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Small Satellite Market

29. Small Satellite Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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