Global Microsatellite Market Growth 2023-2029

Global Microsatellite Market Growth 2023-2029

Small satellites are satellites of low mass and size, usually under 500 kg (1,100 lb). While all such satellites can be referred to as "small", different classifications are used to categorize them based on mass. Satellites can be built small to reduce the large economic cost of launch vehicles and the costs associated with construction. Miniature satellites, especially in large numbers, may be more useful than fewer, larger ones for some purposes – for example, gathering of scientific data and radio relay.

LPI (LP Information)' newest research report, the “Microsatellite Industry Forecast” looks at past sales and reviews total world Microsatellite sales in 2022, providing a comprehensive analysis by region and market sector of projected Microsatellite sales for 2023 through 2029. With Microsatellite sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Microsatellite industry.

This Insight Report provides a comprehensive analysis of the global Microsatellite landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Microsatellite portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Microsatellite market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Microsatellite and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Microsatellite.

The global Microsatellite market size is projected to grow from US$ 1007.6 million in 2022 to US$ 1284.3 million in 2029; it is expected to grow at a CAGR of 1284.3 from 2023 to 2029.

Global Small Satellite key players include Lockheed Martin, Northrop Gruman, Raytheon, etc. Global top three manufacturers hold a share about 50%.

United States is the largest market, with a share over 70%, followed by Europe and China, both have a share about 25 percent.

In terms of product, Nanosatellite is the largest segment, with a share over 50%. And in terms of application, the largest application is National Security, followed by Commerce.

This report presents a comprehensive overview, market shares, and growth opportunities of Microsatellite market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
100-500 KG
10-100KG
1-10KG
Below 1KG

Segmentation by application
National Security
Science & Environment
Commerce
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Lockheed Martin
Northrop Gruman
Raytheon
Dynetics
Surrey Satellite Technology
Axelspace
Sierra Nevada
Clyde Space
Planet Labs
Dauria Aerospace
CASC

Key Questions Addressed in this Report

What is the 10-year outlook for the global Microsatellite market?

What factors are driving Microsatellite market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Microsatellite market opportunities vary by end market size?

How does Microsatellite break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.