Global Small Satellite Market Growth 2025-2031

Global Small Satellite Market Growth 2025-2031

The global Small Satellite market size is predicted to grow from US$ 1423 million in 2025 to US$ 4188 million in 2031; it is expected to grow at a CAGR of 19.7% from 2025 to 2031.

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.

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.

LP Information, Inc. (LPI) ' newest research report, the “Small Satellite Industry Forecast” looks at past sales and reviews total world Small Satellite sales in 2024, providing a comprehensive analysis by region and market sector of projected Small Satellite sales for 2025 through 2031. With Small Satellite sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Small Satellite industry.

This Insight Report provides a comprehensive analysis of the global Small Satellite 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 Small Satellite portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Small Satellite market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Small Satellite 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 Small Satellite.

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

Segmentation by Type:
Microsatellite
Nanosatellite

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 analysing 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 Small Satellite market?

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

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

How do Small Satellite market opportunities vary by end market size?

How does Small Satellite break out by Type, by Application?

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