The Small Satellite Market to grow by USD 3,734.88 million from 2022 to 2027 | The low-cost solution deployment through micro and nanosatellites to boost market growth – Technavio

NEW YORK, Aug. 4, 2023 /PRNewswire/ — The small satellite market is estimated to grow at a CAGR of 16.78% between 2022 and 2027. The market size is forecast to increase by USD 3,734.88 million, according to Technavio. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report –Request a sample report

Small Satellite Market – Company Analysis

Company Landscape – The small satellite market is fragmented, with the presence of several global as well as regional companies. A few prominent companies that offer small satellites in the market are Airbus SE, Ball Corp., Capella Space Corp., Firefly Aerospace Inc., GomSpace Group AB, L3Harris Technologies Inc., Lockheed Martin Corp., Maxar Technologies Inc., Mitsubishi Electric Corp., Northrop Grumman Corp., OHB SE, Planet Labs PBC, Raytheon Technologies Corp., Saturn Satellite Networks Inc., Sierra Nevada Corp., Space Exploration Technologies Corp., Spire Global Inc., Terran Orbital Corp., Thales Group, and The Boeing Co.

What’s New? –

• Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!

Company Offerings –

• Airbus SE – The company offers small satellites such as S250 optical EO satellite.
• Ball Corp. – The company offers small satellites such as BCP small satellites.
• Capella Space Corp. – The company offers small satellites such as Capella Constellation synthetic aperture radar satellites.
• For details on the company and its offerings – Request a sample report

Small Satellite Market – Segmentation Assessment

Segment Overview

Technavio has segmented the market based on application (earth observation and remote sensing, satellite communication, navigation, and scientific research and others), and type (minisatellite, nanosatellite, and microsatellite)

• The market share growth by the earth observation and remote sensing segment will be significant during the forecast period. Smaller satellites equipped with advanced imaging sensors, multiscale & Hyperspectral Camera Systems, and Remote Sensing Instruments have revolutionized Earth observation and monitoring. They offer high-resolution imaging, enabling the identification and analysis of various materials, vegetation types, and atmospheric properties through spectral information. This capability has greatly improved the observation and monitoring of the Earth’s surface, atmosphere, and resources.  Hence, these factors are expected to drive the growth of this segment during the forecast period.

Geography Overview

By geography, the small satellite market is segmented into North America, Europe, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global small satellite market.

• North America is estimated to contribute 36% to the growth of the global market during the forecast period. The major markets for space-based programs in the region are the US, Canada, and Mexico. These countries have a strong presence of major aerospace and technology companies actively engaged in the development and deployment of small satellites. The US has a robust small satellite industry ecosystem. Government initiatives also play a crucial role in promoting the development and deployment of microsatellites in the region. Therefore, these factors are expected to drive the growth of this market in the region during the forecast period.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 – Download a Sample Report

Small Satellite Market – Market Dynamics

Key Drivers

The low-cost solution deployment through micro and nanosatellites is a key factor driving market growth. The significant advantage of micro and nanosatellites lies in their low development and launch costs compared to traditional satellites. Creating a constellation of such satellites allows for affordable solutions that would otherwise be costly. While building each satellite is relatively inexpensive, the launch cost remains a significant factor. However, the emergence of low-cost launch services for micro- and nanosatellites has helped reduce overall expenses. Several companies are researching cost-effective launch systems, leading to a substantial reduction in launch costs. Hence, cost-effectiveness is expected to drive the market’s growth during the forecast period.

Major Trends

The growing use of 3D printing in small satellites is a major trend in the market. 3D printing is an advancing method of production that allows users to create objects and minimize waste in additive manufacturing. This method enables cost-efficient and on-demand manufacturing of satellite parts, allowing for quick design changes. 3D printing reduces satellite manufacturing time by automating the production process. Thus, the growing adoption of 3D printing in small satellites is an emerging trend that is expected to drive market growth during the forecast period.

Significant Challenges

The satellite orbital debris problem is a significant challenge in the market. Space debris consists of natural and artificial fragments that orbit the Earth. Artificial debris, including non-functioning spacecraft and abandoned stages of launch vehicles, poses a threat to operational satellites. With the increasing number of small satellites in space, the risk of collisions also grows. Moreover, Unexpected collisions can shorten satellite lifecycles, leading to operational issues. Hence, the accumulation of debris in space is expected to restrict market growth during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Small Satellite Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the small satellite market between 2023 and 2027
• Precise estimation of the size of the small satellite market and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the small satellite market across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of small satellite market companies

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Company Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market Definition
• Exhibit 12: Offerings of companies included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global small satellite market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on global small satellite market 2017 – 2021 ($ million)

• 4.2 Application Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 ($ million)

• 4.3 Type Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application – Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Earth observation and remote sensing – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Earth observation and remote sensing – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Earth observation and remote sensing – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Earth observation and remote sensing – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Earth observation and remote sensing – Year-over-year growth 2022-2027 (%)

• 6.4 Satellite communication – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Satellite communication – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Satellite communication – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Satellite communication – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Satellite communication – Year-over-year growth 2022-2027 (%)

• 6.5 Navigation – Market size and forecast 2022-2027 
• Exhibit 42: Chart on Navigation – Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Navigation – Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Navigation – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Navigation – Year-over-year growth 2022-2027 (%)

• 6.6 Scientific research and others – Market size and forecast 2022-2027 
• Exhibit 46: Chart on Scientific research and others – Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Scientific research and others – Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Scientific research and others – Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Scientific research and others – Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Application 
• Exhibit 50: Market opportunity by Application ($ million)
• Exhibit 51: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 52: Chart on Type – Market share 2022-2027 (%)
• Exhibit 53: Data Table on Type – Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 54: Chart on Comparison by Type
• Exhibit 55: Data Table on Comparison by Type

• 7.3 Minisatellite – Market size and forecast 2022-2027 
• Exhibit 56: Chart on Minisatellite – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Minisatellite – Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Minisatellite – Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Minisatellite – Year-over-year growth 2022-2027 (%)

• 7.4 Nanosatellite – Market size and forecast 2022-2027 
• Exhibit 60: Chart on Nanosatellite – Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Nanosatellite – Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Nanosatellite – Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Nanosatellite – Year-over-year growth 2022-2027 (%)

• 7.5 Microsatellite – Market size and forecast 2022-2027 
• Exhibit 64: Chart on Microsatellite – Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on Microsatellite – Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on Microsatellite – Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Microsatellite – Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Type 
• Exhibit 68: Market opportunity by Type ($ million)
• Exhibit 69: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027 
• Exhibit 75: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027 
• Exhibit 79: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 APAC – Market size and forecast 2022-2027 
• Exhibit 83: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.7 South America – Market size and forecast 2022-2027 
• Exhibit 91: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027 
• Exhibit 95: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027 
• Exhibit 99: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 Russia – Market size and forecast 2022-2027 
• Exhibit 103: Chart on Russia – Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Russia – Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Russia – Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Russia – Year-over-year growth 2022-2027 (%)

• 9.11 France – Market size and forecast 2022-2027 
• Exhibit 107: Chart on France – Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on France – Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on France – Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on France – Year-over-year growth 2022-2027 (%)

• 9.12 Japan – Market size and forecast 2022-2027 
• Exhibit 111: Chart on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography ($ million)
• Exhibit 116: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Company Landscape

• 11.1 Overview

• 11.2 Company landscape 
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 120: Impact of key risks on business

12 Company Analysis

• 12.1 Companies covered 
• Exhibit 121: Companies covered

• 12.2 Market positioning of companies 
• Exhibit 122: Matrix on company position and classification

• 12.3 Airbus SE
• Exhibit 123: Airbus SE – Overview
• Exhibit 124: Airbus SE – Business segments
• Exhibit 125: Airbus SE – Key news
• Exhibit 126: Airbus SE – Key offerings
• Exhibit 127: Airbus SE – Segment focus

• 12.4 Ball Corp.
• Exhibit 128: Ball Corp. – Overview
• Exhibit 129: Ball Corp. – Business segments
• Exhibit 130: Ball Corp. – Key offerings
• Exhibit 131: Ball Corp. – Segment focus

• 12.5 Capella Space Corp.
• Exhibit 132: Capella Space Corp. – Overview
• Exhibit 133: Capella Space Corp. – Product / Service
• Exhibit 134: Capella Space Corp. – Key offerings

• 12.6 GomSpace Group AB
• Exhibit 135: GomSpace Group AB – Overview
• Exhibit 136: GomSpace Group AB – Product / Service
• Exhibit 137: GomSpace Group AB – Key offerings

• 12.7 L3Harris Technologies Inc. 
• Exhibit 138: L3Harris Technologies Inc. – Overview
• Exhibit 139: L3Harris Technologies Inc. – Business segments
• Exhibit 140: L3Harris Technologies Inc. – Key news
• Exhibit 141: L3Harris Technologies Inc. – Key offerings
• Exhibit 142: L3Harris Technologies Inc. – Segment focus

• 12.8 Lockheed Martin Corp. 
• Exhibit 143: Lockheed Martin Corp. – Overview
• Exhibit 144: Lockheed Martin Corp. – Business segments
• Exhibit 145: Lockheed Martin Corp. – Key news
• Exhibit 146: Lockheed Martin Corp. – Key offerings
• Exhibit 147: Lockheed Martin Corp. – Segment focus

• 12.9 Maxar Technologies Inc. 
• Exhibit 148: Maxar Technologies Inc. – Overview
• Exhibit 149: Maxar Technologies Inc. – Business segments
• Exhibit 150: Maxar Technologies Inc. – Key offerings
• Exhibit 151: Maxar Technologies Inc. – Segment focus

• 12.10 Mitsubishi Electric Corp. 
• Exhibit 152: Mitsubishi Electric Corp. – Overview
• Exhibit 153: Mitsubishi Electric Corp. – Business segments
• Exhibit 154: Mitsubishi Electric Corp. – Key news
• Exhibit 155: Mitsubishi Electric Corp. – Key offerings
• Exhibit 156: Mitsubishi Electric Corp. – Segment focus

• 12.11 Northrop Grumman Corp. 
• Exhibit 157: Northrop Grumman Corp. – Overview
• Exhibit 158: Northrop Grumman Corp. – Business segments
• Exhibit 159: Northrop Grumman Corp. – Key news
• Exhibit 160: Northrop Grumman Corp. – Key offerings
• Exhibit 161: Northrop Grumman Corp. – Segment focus

• 12.12 OHB SE
• Exhibit 162: OHB SE – Overview
• Exhibit 163: OHB SE – Business segments
• Exhibit 164: OHB SE – Key offerings
• Exhibit 165: OHB SE – Segment focus

• 12.13 Raytheon Technologies Corp. 
• Exhibit 166: Raytheon Technologies Corp. – Overview
• Exhibit 167: Raytheon Technologies Corp. – Business segments
• Exhibit 168: Raytheon Technologies Corp. – Key news
• Exhibit 169: Raytheon Technologies Corp. – Key offerings
• Exhibit 170: Raytheon Technologies Corp. – Segment focus

• 12.14 Sierra Nevada Corp.
• Exhibit 171: Sierra Nevada Corp. – Overview
• Exhibit 172: Sierra Nevada Corp. – Product / Service
• Exhibit 173: Sierra Nevada Corp. – Key offerings

• 12.15 Spire Global Inc.
• Exhibit 174: Spire Global Inc. – Overview
• Exhibit 175: Spire Global Inc. – Product / Service
• Exhibit 176: Spire Global Inc. – Key offerings

• 12.16 Terran Orbital Corp.
• Exhibit 177: Terran Orbital Corp. – Overview
• Exhibit 178: Terran Orbital Corp. – Product / Service
• Exhibit 179: Terran Orbital Corp. – Key offerings

• 12.17 The Boeing Co.
• Exhibit 180: The Boeing Co. – Overview
• Exhibit 181: The Boeing Co. – Business segments
• Exhibit 182: The Boeing Co. – Key offerings
• Exhibit 183: The Boeing Co. – Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 184: Inclusions checklist
• Exhibit 185: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 186: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 187: Research methodology
• Exhibit 188: Validation techniques employed for market sizing
• Exhibit 189: Information sources

• 13.5 List of abbreviations
• Exhibit 190: List of abbreviations

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