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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
GomSpace A/S is a prominent manufacturer of cubesat and small satellites and caters to the demands from various end use industries including government, commercial, and academic, among others. This company was founded in the year 2007 and is currently headquartered in Aalborg, Denmark. Its specialisations include cubesat platforms, miniaturised radio technology, and systems integration.
Thales Group: is a leading aerospace company which manufactures, designs, and markets electrical appliances and systems which cater to the demands of various end use industries including aerospace, transportation, and defence, among others. The company was founded in the year 2000 and is currently headquartered in Paris, France.
L3Harris Technologies, Inc. is a leading aerospace and defence company based and headquartered in Florida, United States. The company was founded in the year 2019 and currently innovates in the field of space technology. L3Harris Technologies, Inc. focuses on providing its customers with end-to-end solutions for mission-critical needs spanning all types of sectors.
Other market players include Lockheed Martin Corporation, Northrop Grumman Systems Corporation, and Planet Labs PBC, among others.
Small Satellite Market Report Snapshots
Small Satellite Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global market value for small satellites in 2023 was USD 4.91 billion.
The market is estimated to grow at a CAGR of 15.80% in the forecast period of between 2024 and 2032 to reach USD 18.40 billion by 2032.
The increasing application of small satellites in the commercial sector to provide data and real-time location access to industries such as agriculture, forestry, disaster management, and wildlife, among others, and increasing dependence of military and government sector on satellite communication are the major drivers of the market.
The key trends in the small satellite market include the rising technological innovations integrating small satellite technology with artificial intelligence which are giving rise to superior quality of data and imagery.
Minisatellite, microsatellite, and nanosatellite, among others, are the different types of small satellites.
Earth observation and remote sensing, satellite communication, science and exploration, mapping and navigation, and space observation, among others, are the significant applications of small satellites.
Small satellites are also known as smallsats.
The primary end uses of small satellites in the market are commercial, and military and government, among others.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, are the major regional markets.
GomSpace A/S, Thales Group, L3Harris Technologies, Inc., Lockheed Martin Corporation, Northrop Grumman Systems Corporation, and Planet Labs PBC, among others, are the key market players, according to the report.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124