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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Small Satellite Market Analysis
Based on type, the market can be segmented into minisatellite, microsatellite, and nanosatellite, among others. On the basis of application, the market can be classified into earth observation and remote sensing, satellite communication, science and exploration, mapping and navigation, and space observation, among others. Based on end use, the market can be categorised into commercial, and military and government, among others. The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global small satellite market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
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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