Small Satellite Market Report by Component (Payloads and Structures, Electric Power System, Solar Panels and Antenna System, Propulsion System, and Others), Type (Mini Satellite, Micro Satellite, Nano Satellite, and Others), Frequency (L-Band, S-Band, C-B

Small Satellite Market Report by Component (Payloads and Structures, Electric Power System, Solar Panels and Antenna System, Propulsion System, and Others), Type (Mini Satellite, Micro Satellite, Nano Satellite, and Others), Frequency (L-Band, S-Band, C-Band, X-Band, Ku-Band, Ka-Band, Q/V-Band, HF/VHF/UHF-Band, and Others), Application (Communication, Earth Observation and Remote Sensing, Science and Exploration, Mapping and Navigation, Space Observation, and Others), End User (Commercial, Academic, Government and Military, and Others), and Region 2024-2032


The global small satellite market size reached US$ 4.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.0 Billion by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032.

A small satellite, also known as smallsat, refers to a type of low mass and size satellite, usually under 1,200 kg. Based on weight, it is categorized into minisatellite, microsatellite, nanosatellite, picosatellite, and femtosatellite. Small satellites are affordable alternatives that enable commercial enterprises, non-profit groups, and educational institutions to conduct missions in the lower Earth orbit. They make it possible to perform several scientific investigations and technology demonstrations in orbit at a low cost, with relative ease, and within a stipulated time. As a result, small satellites are extensively utilized for specific applications such as communication and navigation by civil, commercial, military, and government bodies.

Small Satellite Market Trends:
The rising need for remote sensing and Earth observation services across various sectors, including energy, oil & gas, defense, agriculture, etc., is primarily driving the global small satellite market. In addition to this, the widespread utilization of small satellites for communication and navigation owing to the increasing popularity of advanced technologies, such as over-the-top (OTT) services and Internet Protocol Television (IPTV), is also stimulating the global market. Moreover, the elevating demand for LEO-based small satellites to provide low-cost broadband in developing countries is further propelling the market growth. Apart from this, the introduction of small satellites in the telecom industry has led to the acceleration of 5G deployment globally, besides generating new market opportunities for satellite communication (Satcom) companies. This, in turn, is creating a positive outlook for the global market. Additionally, the escalating usage of small satellites by research organizations for academic purposes and technological experimentation in space is acting as another significant growth-inducing factor. For instance, NASA's CubeSat initiative offers educational institutions and NGOs a chance to collaborate on upcoming small satellite launches. Furthermore, the rising integration of numerous innovative technologies, such as robotics, artificial intelligence, machine learning, etc., to ensure efficient communications, improve spacecraft reliability, and enhance coordination is expected to augment the global small satellite market over the forecast period.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global small satellite market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, type, frequency, application and end user.

Breakup by Component:

Payloads and Structures
Electric Power System
Solar Panels and Antenna System
Propulsion System
Others

Breakup by Type:

Mini Satellite
Micro Satellite
Nano Satellite
Others

Breakup by Frequency:

L-Band
S-Band
C-Band
X-Band
Ku-Band
Ka-Band
Q/V-Band
HF/VHF/UHF-Band
Others

Breakup by Application:

Communication
Earth Observation and Remote Sensing
Science and Exploration
Mapping and Navigation
Space Observation
Others

Breakup by End User:

Commercial
Academic
Government and Military
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AAC Clyde Space, Airbus SE, Ball Corporation, Blue Canyon Technologies (Raytheon Technologies Corporation), Exolaunch Gmbh, GomSpace, L3Harris Technologies Inc., Lockheed Martin Corporation, Millennium Space Systems Inc. (The Boeing Company), Northrop Grumman Corporation, Spire Global Inc. and The Aerospace Corporation.

Key Questions Answered in This Report

1. What was the size of the global small satellite market in 2023?
2. What is the expected growth rate of the global small satellite market during 2024-2032?
3. What are the key factors driving the global small satellite market?
4. What has been the impact of COVID-19 on the global small satellite market?
5. What is the breakup of the global small satellite market based on the component?
6. What is the breakup of the global small satellite market based on the frequency?
7. What is the breakup of the global small satellite market based on application?
8. What is the breakup of the global small satellite market based on the end user?
9. What are the key regions in the global small satellite market?
10. Who are the key players/companies in the global small satellite market?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Small Satellite Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Payloads and Structures
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Electric Power System
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Solar Panels and Antenna System
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Propulsion System
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Type
7.1 Mini Satellite
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Micro Satellite
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Nano Satellite
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Frequency
8.1 L-Band
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 S-Band
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 C-Band
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 X-Band
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Ku-Band
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Ka-Band
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Q/V-Band
8.7.1 Market Trends
8.7.2 Market Forecast
8.8 HF/VHF/UHF-Band
8.8.1 Market Trends
8.8.2 Market Forecast
8.9 Others
8.9.1 Market Trends
8.9.2 Market Forecast
9 Market Breakup by Application
9.1 Communication
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Earth Observation and Remote Sensing
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Science and Exploration
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Mapping and Navigation
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Space Observation
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by End User
10.1 Commercial
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Academic
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Government and Military
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Others
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 AAC Clyde Space
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.2 Airbus SE
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.2.4 SWOT Analysis
16.3.3 Ball Corporation
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 Blue Canyon Technologies (Raytheon Technologies Corporation)
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 Exolaunch Gmbh
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 GomSpace
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 L3Harris Technologies Inc.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.8 Lockheed Martin Corporation
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Millennium Space Systems Inc. (The Boeing Company)
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.10 Northrop Grumman Corporation
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.10.4 SWOT Analysis
16.3.11 Spire Global Inc.
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
16.3.12 The Aerospace Corporation
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
16.3.12.3 SWOT Analysis

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