Global small satellites market was valued at US$xx billion in 2019 and is projected to reach at a market value of US$xxbillion by 2030. North America market is expected to grow at a CAGR of xx% during the forecast period 2020-2030. The market is estimated to grow at a CAGR of xx% in the first half period 2020-2025 and is projected to grow at CAGR of xx% in the other half period 2025-2030. Small satellites (smallsats) are an emerging class of spacecraft that incorporates recent software and hardware improvements, most notably ones derived from the IT and electronics industries, and benefits from the resulting high capability feasible in small packages. There is no universally accepted definition of a smallsat; various groups and reports have classified smallsats according to their mass, volume, cost, capabilities, or some combination thereof. In this report, smallsats are defined as satellites with masses lower than 200 kg (with some exceptions). Small satellites include CubeSats, special types of cuboid-shaped smallsats that weigh between 1–10 kg, and are created in units of a 10 cm × 10 cm × 10 cm cube. Compared with traditional satellites, smallsats typically have shorter development cycles, smaller development teams, and, consequently, lower cost, both for the development and for the launch of the satellites.

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Key Takeaways

  • Asia and Europe are strong players in the small satellite field, noted by stakeholders as having important markets and significant technological development
  • Asia in particular is noted as a growing region in the field, with new start-ups and increasing availability of launch.
  • Government is the primary source of funding in most emerging countries; although there is limited foreign private (venture capital) funding, such funding has not proliferated into the new space industry as widely as has occurred within the United States.
  • Countries with a longer space heritage, such as Russia, China, and potentially India, are often perceived as having not fully leveraged their satellite experience for small satellites, with government space programs having placed more emphasis on large satellites. However, this attitude is changing, particularly in China.
  • South American countries have demonstrated interest in small satellites given a growing number of government sponsored small satellite missions; Academic institutions are key in developing technologies.

Market Segments Covered

By Type

  • Mini-Satellite
  • Micro-Satellite
  • Nano-Satellite
  • Pico-Satellite
  • Femto-Satellite
  • Other Type

By Industry

  • Satellite Services
  • Satellite Manufacturing
  • Launch Vehicles
  • Ground Equipment
By Mission Type
  • Constellation Missions
  • Installation Missions
  • Replacement Missions

By Application

  • IoT/M2M
  • Communication
  • Earth Observation & Meteorology
  • Military & Intelligence
  • Scientific Research & Exploration
  • Weather
  • Other Application

Investor Type

  • Venture Capital
  • Public/Private
  • Crowdfunding
  • Strategic/Private Equity
  • Traditional Investment
  • Government/Foundation
  • Other Investor Types

Leading Companies Profiled

  • Airbus SE
  • Park Aerospace Corp.
  • L3Harris Technologies, Inc.
  • Magellan Aerospace
  • Lockheed Martin
  • Maxar Technologies Inc.
  • Northrop Grumman
  • ORBCOMM Inc.
  • The Boeing Company
  • Thales Group
  • Dauria Aerospace
  • ISS Reshetnev
  • BAE Systems plc
  • Sierra Nevada Corporation
  • QinetiQ Group plc
  • OHB SE

By ordering and reading this report today, you will be given:

  • A concise and comprehensive analysis of the Small Satellite market from 2020 to 2030.
  • An understanding of not only the financial prospects of the Small Satellite industry but also the growth potential of several submarkets – including different application and end-user types.
  • An informed forecast of the sales of 25 individual countries – Australia, Brazil, Canada, China, France, Germany, India, Israel, Japan, Mexico, Russia, Saudi Arabia, South Korea, Spain, United Arab Emirates, United Kingdom and United States.
  • A description of the main drivers and restraints that are affecting the development of the Small Satellite market.
  • Profiles of the key players in the industry as well as up-to-date information on their latest agreements and CSI product developments.

Who should read this report?

  • Senior Executives
  • Business Development Managers
  • Marketing Directors
  • Consultants
  • Chief Executive Officers
  • Governments, agencies & organisations actively working or interested in the Small Satellite industry will also find significant value in our research.