Global Small Satellite Market 2024-2028

Global Small Satellite Market 2024-2028

Global Small Satellite Market 2024-2028

The small satellite market is forecasted to grow by USD 6013.4 mn during 2023-2028, accelerating at a CAGR of 21.22% during the forecast period. The report on the small satellite market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by low-cost solution deployment through micro- and nanosatellites, growing use of small satellites in commercial applications, and rising production and launch of small satellites to revolutionize space industry.

Technavio's small satellite market is segmented as below:

By Application

• Earth observation and remote sensing
• Satellite communication
• Navigation
• Scientific research and others

By Type

• Minisatellite
• Nanosatellite
• Microsatellite

By Geographical Landscape

• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the growing use of 3d printing in small satellites as one of the prime reasons driving the small satellite market growth during the next few years. Also, growing adoption of sustainable and green satellite technologies and increasing number of space exploration missions will lead to sizable demand in the market.

The report on the small satellite market covers the following areas:

• Small satellite market sizing
• Small satellite market forecast
• Small satellite market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading small satellite market vendors that include 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, RTX Corp., Saturn Satellite Networks Inc., Sierra Nevada Corp., Space Exploration Technologies Corp., Spire Global Inc., Terran Orbital Corp., Thales Group, and The Boeing Co.. Also, the small satellite market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.