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Global Small Satellite Market Size, Share, Analysis, Growth, Forecast: By Type: Minisatellite, Microsatellite, Nanosatellite, Others; By Application: Earth Observation and Remote Sensing, Satellite Communication, Science and Exploration, Mapping and Navigation, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
Small Satellite Market Size
The global small satellite market size attained a value of USD 4.91 billion in 2023. The market is further expected to grow at a CAGR of 15.80% between 2024 and 2032 to reach a value of USD 18.40 billion by 2032.
Key Trends in the Market
A small satellite, also known as a smallsat, is defined as a type of satellite which weighs less than 1,000 kilograms. The size of this satellite is compact and lightweight, which makes it relatively easy to manufacture. Small satellites are high speed with increased efficiency which makes it ideal for human exploration and small-scale scientific missions in space.
- The global small satellite market growth is being propelled by the rising technological innovations including the integration of small satellite technology with artificial intelligence, giving rise to superior quality of data and imagery. This superior quality data is catering to the demands of various end use industries.
- 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, are expected to push the small satellite market growth in the forecast period.
- Small satellites are crucial in the military sector as they provide battlefield information which improves the decision making of the commanders. In this regard, the increasing military expenditure to encourage the technological innovations and satellite technology, is further fuelling the market growth.
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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Small Satellite Market Analysis
8.1 Key Industry Highlights
8.2 Global Small Satellite Historical Market (2018-2023)
8.3 Global Small Satellite Market Forecast (2024-2032)
8.4 Global Small Satellite Market by Type
8.4.1 Minisatellite
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Microsatellite
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Nanosatellite
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Small Satellite Market by Application
8.5.1 Earth Observation and Remote Sensing
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Satellite Communication
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Science and Exploration
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Mapping and Navigation
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Space Observation
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2023)
8.5.5.3 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Small Satellite Market by End Use
8.6.1 Commercial
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Military and Government
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Small Satellite Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
9 North America Small Satellite Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Small Satellite Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Small Satellite Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Small Satellite Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Small Satellite Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 GomSpace A/S
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Thales Group
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 L3Harris Technologies, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Lockheed Martin Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Northrop Grumman Systems Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Planet Labs PBC
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Small Satellite Market: Key Industry Highlights, 2018 and 2032
2. Global Small Satellite Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Small Satellite Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Small Satellite Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Small Satellite Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Small Satellite Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Global Small Satellite Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. Global Small Satellite Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Small Satellite Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Small Satellite Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Small Satellite Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Small Satellite Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Small Satellite Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Small Satellite Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Small Satellite Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Small Satellite Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Small Satellite Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Small Satellite Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Small Satellite Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Small Satellite Market Structure
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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