Small Satellite Market Forecast to 2028

Small Satellite Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type [Nanosatellite (1 to 10 Kg) and Microsatellite (10 to 150 Kg)], Application [Automatic Identification System (AIS), Transmitter, Imaging Devices, and Others], Payload (Earth Observation, Communication and Navigation, and Scientific Research), and Vertical (Government, Military, and Commercial)

Report Code : TIPAD00002266 | Region : Global | Industry : Aerospace and Defense | Published Date : 18/Nov/2022

The small satellite market is expected to reach US$ 11,778.83 million by 2028; it is estimated to grow at a CAGR of 24.7% from 2022 to 2028.

Internet access, machine-to-machine communication (M2M), and the Internet of Things (IoT) are among the most important applications of a small satellite. Space has become an ideal solution to improve the efficiency of current terrestrial communication networks. According to Alén Space, by 2025, more than 25.2 billion IoT connections are predicted to exist worldwide, and the IoT market will reach US$ 1,072.08 billion (€ 950 billion). Also, small satellite constellations can play an important role in various environmental conditions, especially in remote or hard-to-reach places, where real-time data is received from all types of sensors and linked devices for IoT-based business models. Thus, a small satellite helps receive, store, and transmit real-time information to any point.

A small satellite can also be effective for remote management. Sensors can help control all devices, receive real-time information, and send commands for configurations remotely across the world. Satellite communications support land-based communications in Amazon basin, Antarctica, offshore platforms, critical infrastructure such as nuclear power plants and other hard-to-reach areas. Also, small satellites guarantee communication in any circumstances in virtually uncommunicated areas such as large rural areas, desert territories, frozen areas, jungle areas, and high seas.

For high internet access, several projects are being launched in various developed and developing regions where small satellites play a major role. According to Oberlo, in 2022, there are ~62.6% active internet users across the world. The growing internet access worldwide will propel the demand for small satellites during the forecast period. Thus, the rising demand for small satellites to provide internet access, M2M communication, and IoT will create a lucrative opportunity for small satellite market growth during the forecast period.

The major small satellite market players include companies such as Thales Group, Airbus, L3Harris Technologies Inc., SpaceX, and Swarm Technologies. These companies have a well-established customer base, and they are already engaged in the development of small satellites for the future small satellite major projects globally. Also, the small satellite market players have been collaboratively working with different end users such as government, commercial, and military customers to cater to their growing needs for nanosatellites, microsatellites, and picosatellites. Further, these companies have a good market share in terms of subsidiary companies. Most of the small satellite market leaders also focus on implementing merger and acquisition strategies that lead to the expansion of their existing business lines along with strong expansion.

Companies with low profit margin includes vendors such as Aerospace Corporation, Millennium Space System, AAC Clyde Space, Microsats Systems, and Zephyr. These companies are majorly focusing on providing innovative solutions to their respective customers to retain their positions in their respective product segments. Such vendors have a less product differentiation of small satellites along with limited customer base, which is one of the major factors behind their lower small satellite market share and lower profit margins.

Based on country, the small satellite market in Europe is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Over the years, satellite research & development programs and production facilities have increased in Europe. The region is also highly dependent on space services for applications such as earth observation, communication, and navigation. According to European Parliamentary Research Service (EPRS), 10% of Europe’s GDP is supported by satellite navigation signals. For instance, according to EPRS, in 2021, the global navigation satellite systems (GNSS) recorded a total revenue of US$ 174.27 billion, in which Europe accounted for 25% of the total revenue. Thus, the growing demand for nano and micro satellites for communication and navigation applications across the country is constantly increasing across the region.

SES, Eutelsat, Arqiva, Hispasat, Globecast, and other World Teleport Association (WTA) companies are utilizing small satellite networks to offer communication services. These companies offer cloud services and other connectivity solutions for video and data management to video service providers, broadcasters, telecom operators, Internet Service Providers (ISPs), and government agencies. Thus, the rising adoption of satellite communication is directly propelling the demand for small satellites across Europe, contributing to the growth of the small satellite market in the region.

The European Space Agency (ESA) is actively engaged in several projects to develop nanosatellites. For instance, in April 2019, the ESA set up a dedicated unit for designing nanosatellite. The agency partnered with numerous local organizations to design nano satellites for atmospheric reentry measurements and ozone monitoring. Also, in 2019, ESA started the development of Miniaturized – Asteroid Remote Geophysical Observer (M-ARGO) nanosatellite for the assessment of asteroids. Another nano satellite that the agency is developing includes Rendezvous Autonomous CubeSats Experiment (RACE) for the testing of autonomous rendezvous and docking capabilities. These factors are further expected to contribute to the rapid growth of the small satellite market in Europe in the coming years. The region also homes several small satellite market players, further boosting the growth of the region. Some of the players to be mentioned are Infineon Technologies AG, Tyvak International, AAC Clyde Space, Leonardo S.p.A, SPUTNIX LLC, and Alén Space.

The overall small satellite market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the small satellite market size. The process also serves the purpose of obtaining an overview and forecast of the small satellite market growth with respect to all small satellite market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. Participants of this process include VPs, business development managers, intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the global small satellite market analysis.

According to the new research report published by The Insight Partners on "Small Satellite Market Forecast to 2028 – COVID-19 Impact and Global Analysis," the market is expected to grow at a CAGR of 24.7% from 2022 to 2028 to reach US$ 11,778.83 million by 2028.

Various government authorities and companies across the world have invested in the small satellite market owing to the increasing need for small satellites to maintain national security, capture data regarding areas damaged by earthquakes or floods, and monitor suspicious ships, as well as for applications such as earth observation, communication and navigation, and scientific research. In July 2021, Japan government announced that they are supporting the development of a small satellite constellation. Under the satellite constellation project, the government announced that they would support the companies for quick construction and domestic production of small satellites. In November 2021, Fleet Space Technologies raised US$ 26 million in funds to expand the nanosatellite IoT connectivity fleet. Also, in April 2022, the German parliament announced that it would invest US$ 10.51 million (€ 10 million) in small satellite initiatives. Such investments and initiatives for the development of small satellites from governments are driving the small satellite market growth.

Swarm Technologies, Thales SA, Airbus SAS, L3Harris Technologies Inc, and Sierra Nevada Corporation are among the leading small satellite market players profiled in the report. These small satellite market vendors have a well-established customer base along with diversified product offerings for customers. Further, these players have a large consolidated market share across the global small satellite market. These companies are acquiring smaller vendors and capturing contracts from various end user customers from emerging countries worldwide.

The small satellite market players offer a wide range of satellites such as pico satellites, nanosatellites, and microsatellites. The increasing demand for satellite-based service offerings from commercial and military sectors is further influencing the demand for small satellites. A few of the major players operating in the global small satellite market are Northrop Grumman Corporation, L3Harris Technologies Inc., Thales Group, Millennium Space Systems Inc. (a Boeing Company), Space Exploration Technologies Corp. (SpaceX), and Surrey Satellite Technology Ltd.

Although a majority of small satellite manufacturers continued their operations during the COVID-19 pandemic, many start-ups in the small satellite market witnessed a decline in their business growth and operations due to several challenges, including delays in satellite launch projects and product deliveries owing to supply chain challenges and minimal investments in the small satellite sector, in the wake of pandemic. Further, the growth in the development of nanosatellites with the help of investments across the small satellite industry for future constellation launch projects is boosting the business growth of small satellite ecosystem vendors. The small satellite market growth is mainly due to the increase in demand for small satellite components such as sensors, transmitters, imaging devices, transponders, antennas, and automatic identification systems.

The small satellite market is segmented into type, payload, application, and vertical. Based on type, the small satellite market is bifurcated into nanosatellite (1 to 10 kg) and microsatellite (10 to 150 kg). By payload, the small satellite market is segmented into automatic identification system (AIS), transmitter, imaging devices, and others. In terms of application, the small satellite market is further segmented into earth observation, communication and navigation, scientific research. From vertical point of reference, the small satellite market is segmented into government, military, and commercial.

Key Findings of Study:

The small satellite market size is expected to witness significant double-digit growth during the forecast period owing to the increase in production of micro, nano, and pico satellites across the world for different satellite launch projects such as OneWeb and StarLink. The deployment of small satellites for swarm or constellation projects is another major factor catalyzing the production of small satellites for the future deployments.

A majority of nanosatellite and microsatellite manufacturing companies are based in North America, whereas Europe and Asia Pacific have been operating with a comparatively lower number of small satellite manufacturing players. Surrey Satellite Technology Ltd, a UK-based small satellite manufacturing company, has been collaboratively working on different regional projects to fulfill the demand of customers and remain competitive in the market while expanding its presence across different regions. Further, many small satellite manufacturers are collaboratively working with different end users across different regions in long-term contracts to provide them with reliable small satellite solutions. For instance, Airbus has been working with OneWeb to provide the company with the remaining number of small satellites that are to be launched for its OneWeb satellite constellation. Such projects are encouraging different market vendors to collaborate with multiple end users, which is contributing to the growth of the small satellite market size.

Many vendors involved in the small satellite market were able to continue their operations during the COVID-19 pandemic without severe financial losses. A majority of established small satellite manufacturers have witnessed growth in operating revenue; however, many small satellite start-ups have witnessed a downfall in operating revenue due to several challenges such as supply chain issues, launch delays, and delayed contracts and funding for different small satellite projects.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Small Satellite Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.2.1 Bargaining Power of Buyers

4.2.2 Bargaining Power of Suppliers

4.2.3 Threat to New Entrants

4.2.4 Threat to Substitutes

4.2.5 Competitive Rivalry

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Small Satellite Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Growing Support for Development of Small Satellite

5.1.2 Increasing Number of Partnerships and Contracts

5.2 Key Market Restraints

5.2.1 Lack of Small Satellite Manufacturers Across Emerging Regions

5.3 Key Market Opportunities

5.3.1 Growing IoT and Communication Applications

5.3.2 Rising Production of Smallsats for Beyond LEO Orbit Launches

5.4 Future Trends

5.4.1 Rising Adoption of Small Satellites for Military Applications

5.5 Impact Analysis of Drivers and Restraints

6. Small Satellite Market – Global Market Analysis

6.1 Small Satellite Market Global Overview

6.2 Global Small Satellite Market Forecast and Analysis

6.3 Market Positioning- Top Five Players

6.4 Competitive Benchmarking

6.4.1 Competitive Benchmarking

6.5 Growth Matrix

7. Small Satellite Market Analysis – By Type

7.1 Overview

7.2 Small Satellite Market, By Type (2021 and 2028)

7.3 Nanosatellite (Upto 10 Kg)

7.3.1 Overview

7.3.2 Nanosatellite (Upto 10 Kg): Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Microsatellite (10-150 Kg)

7.4.1 Overview

7.4.2 Microsatellite (10-150 Kg): Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

8. Small Satellite Market Analysis – By Payload

8.1 Overview

8.2 Small Satellite Market, By Payload (2021 and 2028)

8.3 Automatic Identification System (AIS)

8.3.1 Overview

8.3.2 Automatic Identification System: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Transmitter

8.4.1 Overview

8.4.2 Transmitter: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Imaging Devices

8.5.1 Overview

8.5.2 Imaging Devices: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Others

8.6.1 Overview

8.6.2 Others: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

9. Small Satellite Market Analysis – By Application

9.1 Overview

9.2 Small Satellite Market Breakdown, by Application, (2021 and 2028)

9.3 Earth Observation

9.3.1 Overview

9.3.2 Earth Observation: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Communication and Navigation

9.4.1 Overview

9.4.2 Communication and Navigation: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

9.5 Scientific Research

9.5.1 Overview

9.5.2 Scientific Research: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

10. Small Satellite Market Analysis – By Vertical

10.1 Overview

10.2 Small Satellite Market Breakdown, by Vertical, (2021 and 2028)

10.3 Government

10.3.1 Overview

10.3.2 Government: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

10.4 Military

10.4.1 Overview

10.4.2 Military: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

10.5 Commercial

10.5.1 Overview

10.5.2 Commercial: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11. Small Satellite Market – Geographic Analysis

11.1 Overview

11.2 North America: Small Satellite Market

11.2.1 North America: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.2.2 North America: Small Satellite Market, By Type

11.2.3 North America: Small Satellite Market, by Application

11.2.4 North America: Small Satellite Market, by Payload

11.2.5 North America: Small Satellite Market, by Vertical

11.2.6 North America: Small Satellite Market, by Key Country

11.2.6.1 US: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.2.6.1.1 US: Small Satellite Market, By Type

11.2.6.1.2 US: Small Satellite Market, by Application

11.2.6.1.3 US: Small Satellite Market, by Payload

11.2.6.1.4 US: Small Satellite Market, by Vertical

11.2.6.2 Canada: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.2.6.2.1 Canada: Small Satellite Market, By Type

11.2.6.2.2 Canada: Small Satellite Market, by Application

11.2.6.2.3 Canada: Small Satellite Market, by Payload

11.2.6.2.4 Canada: Small Satellite Market, by Vertical

11.2.6.3 Mexico: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.2.6.3.1 Mexico: Small Satellite Market, By Type

11.2.6.3.2 Mexico: Small Satellite Market, by Application

11.2.6.3.3 Mexico: Small Satellite Market, by Payload

11.2.6.3.4 Mexico: Small Satellite Market, by Vertical

11.3 Europe: Small Satellite Market

11.3.1 Europe: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.3.2 Europe: Small Satellite Market, By Type

11.3.3 Europe: Small Satellite Market, by Application

11.3.4 Europe: Small Satellite Market, by Payload

11.3.5 Europe: Small Satellite Market, by Vertical

11.3.6 Europe: Small Satellite Market, by Key Country

11.3.6.1 Germany: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.3.6.1.1 Germany: Small Satellite Market, By Type

11.3.6.1.2 Germany: Small Satellite Market, by Application

11.3.6.1.3 Germany: Small Satellite Market, by Payload

11.3.6.1.4 Germany: Small Satellite Market, by Vertical

11.3.6.2 France: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.3.6.2.1 France: Small Satellite Market, By Type

11.3.6.2.2 France: Small Satellite Market, by Application

11.3.6.2.3 France: Small Satellite Market, by Payload

11.3.6.2.4 France: Small Satellite Market, by Vertical

11.3.6.3 Italy: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.3.6.3.1 Italy: Small Satellite Market, By Type

11.3.6.3.2 Italy: Small Satellite Market, by Application

11.3.6.3.3 Italy: Small Satellite Market, by Payload

11.3.6.3.4 Italy: Small Satellite Market, by Vertical

11.3.6.4 UK: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.3.6.4.1 UK: Small Satellite Market, By Type

11.3.6.4.2 UK: Small Satellite Market, by Application

11.3.6.4.3 UK: Small Satellite Market, by Payload

11.3.6.4.4 UK: Small Satellite Market, by Vertical

11.3.6.5 Russia: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.3.6.5.1 Russia: Small Satellite Market, By Type

11.3.6.5.2 Russia: Small Satellite Market, by Application

11.3.6.5.3 Russia: Small Satellite Market, by Payload

11.3.6.5.4 Russia: Small Satellite Market, by Vertical

11.3.6.6 Rest of Europe: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.3.6.6.1 Rest of Europe: Small Satellite Market, By Type

11.3.6.6.2 Rest of Europe: Small Satellite Market, by Application

11.3.6.6.3 Rest of Europe: Small Satellite Market, by Payload

11.3.6.6.4 Rest of Europe: Small Satellite Market, by Vertical

11.4 Asia Pacific: Small Satellite Market

11.4.1 Asia Pacific: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.4.2 Asia Pacific: Small Satellite Market, By Type

11.4.3 Asia Pacific: Small Satellite Market, by Application

11.4.4 Asia Pacific: Small Satellite Market, by Payload

11.4.5 Asia Pacific: Small Satellite Market, by Vertical

11.4.6 Asia Pacific: Small Satellite Market, by Key Country

11.4.6.1 Australia: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.4.6.1.1 Australia: Small Satellite Market, By Type

11.4.6.1.2 Australia: Small Satellite Market, by Application

11.4.6.1.3 Australia: Small Satellite Market, by Payload

11.4.6.1.4 Australia: Small Satellite Market, by Vertical

11.4.6.2 China: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.4.6.2.1 China: Small Satellite Market, By Type

11.4.6.2.2 China: Small Satellite Market, by Application

11.4.6.2.3 China: Small Satellite Market, by Payload

11.4.6.2.4 China: Small Satellite Market, by Vertical

11.4.6.3 India: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.4.6.3.1 India: Small Satellite Market, By Type

11.4.6.3.2 India: Small Satellite Market, by Application

11.4.6.3.3 India: Small Satellite Market, by Payload

11.4.6.3.4 India: Small Satellite Market, by Vertical

11.4.6.4 Japan: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.4.6.4.1 Japan: Small Satellite Market, By Type

11.4.6.4.2 Japan: Small Satellite Market, by Application

11.4.6.4.3 Japan: Small Satellite Market, by Payload

11.4.6.4.4 Japan: Small Satellite Market, by Vertical

11.4.6.5 South Korea: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.4.6.5.1 South Korea: Small Satellite Market, By Type

11.4.6.5.2 South Korea: Small Satellite Market, by Application

11.4.6.5.3 South Korea: Small Satellite Market, by Payload

11.4.6.5.4 South Korea: Small Satellite Market, by Vertical

11.4.6.6 Rest of APAC: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.4.6.6.1 Rest of APAC: Small Satellite Market, By Type

11.4.6.6.2 Rest of APAC: Small Satellite Market, by Application

11.4.6.6.3 Rest of APAC: Small Satellite Market, by Payload

11.4.6.6.4 Rest of APAC: Small Satellite Market, by Vertical

11.5 MEA: Small Satellite Market

11.5.1 MEA: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.5.2 MEA: Small Satellite Market, By Type

11.5.3 MEA: Small Satellite Market, by Application

11.5.4 MEA: Small Satellite Market, by Payload

11.5.5 MEA: Small Satellite Market, by Vertical

11.5.6 MEA: Small Satellite Market, by Key Country

11.5.6.1 Saudi Arabia: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.5.6.1.1 Saudi Arabia: Small Satellite Market, By Type

11.5.6.1.2 Saudi Arabia: Small Satellite Market, by Application

11.5.6.1.3 Saudi Arabia: Small Satellite Market, by Payload

11.5.6.1.4 Saudi Arabia: Small Satellite Market, by Vertical

11.5.6.2 UAE: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.5.6.2.1 UAE: Small Satellite Market, By Type

11.5.6.2.2 UAE: Small Satellite Market, by Application

11.5.6.2.3 UAE: Small Satellite Market, by Payload

11.5.6.2.4 UAE: Small Satellite Market, by Vertical

11.5.6.3 South Africa: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.5.6.3.1 South Africa: Small Satellite Market, By Type

11.5.6.3.2 South Africa: Small Satellite Market, by Application

11.5.6.3.3 South Africa: Small Satellite Market, by Payload

11.5.6.3.4 South Africa: Small Satellite Market, by Vertical

11.5.6.4 Rest of MEA: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.5.6.4.1 Rest of MEA: Small Satellite Market, By Type

11.5.6.4.2 Rest of MEA: Small Satellite Market, by Application

11.5.6.4.3 Rest of MEA: Small Satellite Market, by Payload

11.5.6.4.4 Rest of MEA: Small Satellite Market, by Vertical

11.6 SAM: Small Satellite Market

11.6.1 SAM: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.6.2 SAM: Small Satellite Market, By Type

11.6.3 SAM: Small Satellite Market, by Application

11.6.4 SAM: Small Satellite Market, by Payload

11.6.5 SAM: Small Satellite Market, by Vertical

11.6.6 SAM: Small Satellite Market, by Key Country

11.6.6.1 Brazil: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.6.6.1.1 Brazil: Small Satellite Market, By Type

11.6.6.1.2 Brazil: Small Satellite Market, by Application

11.6.6.1.3 Brazil: Small Satellite Market, by Payload

11.6.6.1.4 Brazil: Small Satellite Market, by Vertical

11.6.6.2 Rest of SAM: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.6.6.2.1 Rest of SAM: Small Satellite Market, By Type

11.6.6.2.2 Rest of SAM: Small Satellite Market, by Application

11.6.6.2.3 Rest of SAM: Small Satellite Market, by Payload

11.6.6.2.4 Rest of SAM: Small Satellite Market, by Vertical

12. Small Satellite Market – COVID-19 Impact Analysis

12.1 Overview

12.2 North America: Impact Assessment of COVID-19 Pandemic

12.3 Europe: Impact Assessment of COVID-19 Pandemic

12.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic

12.5 MEA: Impact Assessment of COVID-19 Pandemic

12.6 South America Impact Assessment of COVID-19 Pandemic

13. Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 New Product Development

13.1 Merger and Acquisition

14. Company Profiles

14.1 Dauria Aerospace

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 GomSpace Group AB

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 Lockheed Martin Corp

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 Northrop Grumman Corp

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 Raytheon Technologies Corp

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 Sierra Nevada Corp

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 Surrey Satellite Technology Ltd

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 Swarm Technologies Inc

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 Thales SA

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

14.9.6 Key Developments

14.10 Tyvak international SRL

14.10.1 Key Facts

14.10.2 Business Description

14.10.3 Products and Services

14.10.4 Financial Overview

14.10.5 SWOT Analysis

14.10.6 Key Developments

15. Appendix

15.1 About The Insight Partners

15.2 Word Index

LIST OF TABLES.

Table 1. Global Small Satellite Launch Volume, Forecast and Analysis, 2020–2028 (Units)

Table 2. Global Small Satellite Market, Revenue and Forecast, 2020–2028 (US$ Million)

Table 3. North America: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 4. North America: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 5. North America: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 6. North America: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 7. US: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 8. US: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 9. US: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 10. US: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 11. Canada: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 12. Canada: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 13. Canada: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 14. Canada: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 15. Mexico: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 16. Mexico: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 17. Mexico: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 18. Mexico: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 19. Europe: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 20. Europe: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 21. Europe: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 22. Europe: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 23. Germany: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 24. Germany: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 25. Germany: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 26. Germany: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 27. France: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 28. France: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 29. France: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 30. France: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 31. Italy: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 32. Italy: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 33. Italy: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 34. Italy: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 35. UK: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 36. UK: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 37. UK: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 38. UK: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 39. Russia: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 40. Russia: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 41. Russia: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 42. Russia: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 43. Rest of Europe: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 44. Rest of Europe: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 45. Rest of Europe: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 46. Rest of Europe: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 47. Asia Pacific: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 48. Asia Pacific: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 49. Asia Pacific: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 50. Asia Pacific: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 51. Australia: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 52. Australia: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 53. Australia: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 54. Australia: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 55. China: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 56. China: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 57. China: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 58. China: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 59. India: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 60. India: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 61. India: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 62. India: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 63. Japan: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 64. Japan: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 65. Japan: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 66. Japan: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 67. South Korea: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 68. South Korea: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 69. South Korea: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 70. South Korea: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 71. Rest of APAC: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 72. Rest of APAC: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 73. Rest of APAC: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 74. Rest of APAC: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 75. MEA: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 76. MEA: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 77. MEA: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 78. MEA: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 79. Saudi Arabia: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 80. Saudi Arabia: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 81. Saudi Arabia: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 82. Saudi Arabia: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 83. UAE: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 84. UAE: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 85. UAE: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 86. UAE: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 87. South Africa: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 88. South Africa: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 89. South Africa: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 90. South Africa: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 91. Rest of MEA: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 92. Rest of MEA: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 93. Rest of MEA: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 94. Rest of MEA: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 95. SAM: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 96. SAM: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 97. SAM: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 98. SAM: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 99. Brazil: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 100. Brazil: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 101. Brazil: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 102. Brazil: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 103. Rest of SAM: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 104. Rest of SAM: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 105. Rest of SAM: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 106. Rest of SAM: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 107. List of Abbreviation

LIST OF FIGURES.

Figure 1. Small Satellite Market Segmentation

Figure 2. Small Satellite Market Segmentation – Geography

Figure 3. Small Satellite Market Overview

Figure 4. Small Satellite Market, By Type

Figure 5. Small Satellite Market, By Application

Figure 6. Small Satellite Market, By Payload

Figure 7. Small Satellite Market, By Vertical

Figure 8. Small Satellite Market, By Region

Figure 9. Porter’s Five Forces Analysis

Figure 10. Small Satellite Market: Ecosystem Analysis

Figure 11. Expert Opinion

Figure 12. Insights on Dedicated Small Satellites and Rideshare Small Satellites

Figure 13. Small Satellite Market: Impact Analysis of Drivers and Restraints

Figure 14. Geographic Overview of Small Satellite Market

Figure 15. Global Small Satellite Market, Forecast and Analysis (US$ Million)

Figure 16. Market Positioning- Top Five Players

Figure 17. Competitive Benchmarking

Figure 18. Small Satellite Market Revenue Share, by Type (2021 and 2028)

Figure 19. Nanosatellite (Upto 10 Kg): Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. Microsatellite (10-150 Kg): Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. Small Satellite Market Revenue Share, by Payload (2021 and 2028)

Figure 22. Automatic Identification System: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. Transmitter: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. Imaging Devices: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. Others: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. Small Satellite Market Breakdown, by Application (2021 and 2028)

Figure 27. Earth Observation: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Communication and Navigation: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Scientific Research: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Small Satellite Market Breakdown, by Vertical (2021 and 2028)

Figure 31. Government: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Military: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. Commercial: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34. Global Small Satellite Market Revenue Share, By Region (2021 & 2028)

Figure 35. North America: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36. North America: Small Satellite Market Revenue Share, By Type (2021 & 2028)

Figure 37. North America: Small Satellite Market Revenue Share, by Application (2021 & 2028)

Figure 38. North America: Small Satellite Market Revenue Share, by Payload (2021 & 2028)

Figure 39. North America: Small Satellite Market Revenue Share, by Vertical (2021 & 2028)

Figure 40. North America: Small Satellite Market Revenue Share, by Key Country (2021 & 2028)

Figure 41. US: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 42. Canada: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 43. Mexico: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 44. Europe: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 45. Europe: Small Satellite Market Revenue Share, By Type (2021 & 2028)

Figure 46. Europe: Small Satellite Market Revenue Share, by Application (2021 & 2028)

Figure 47. Europe: Small Satellite Market Revenue Share, by Payload (2021 & 2028)

Figure 48. Europe: Small Satellite Market Revenue Share, by Vertical (2021 & 2028)

Figure 49. Europe: Small Satellite Market Revenue Share, by Key Country (2021 & 2028)

Figure 50. Germany: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 51. France: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 52. Italy: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 53. UK: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 54. Russia: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 55. Rest of Europe: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 56. Asia Pacific: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 57. Asia Pacific: Small Satellite Market Revenue Share, By Type (2021 & 2028)

Figure 58. Asia Pacific: Small Satellite Market Revenue Share, by Application (2021 & 2028)

Figure 59. Asia Pacific: Small Satellite Market Revenue Share, by Payload (2021 & 2028)

Figure 60. Asia Pacific: Small Satellite Market Revenue Share, by Vertical (2021 & 2028)

Figure 61. Asia Pacific: Small Satellite Market Revenue Share, by Key Country (2021 & 2028)

Figure 62. Australia: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 63. China: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 64. India: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 65. Japan: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 66. South Korea: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 67. Rest of APAC: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 68. MEA: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 69. MEA: Small Satellite Market Revenue Share, By Type (2021 & 2028)

Figure 70. MEA: Small Satellite Market Revenue Share, by Application (2021 & 2028)

Figure 71. MEA: Small Satellite Market Revenue Share, by Payload (2021 & 2028)

Figure 72. MEA: Small Satellite Market Revenue Share, by Vertical (2021 & 2028)

Figure 73. MEA: Small Satellite Market Revenue Share, by Key Country (2021 & 2028)

Figure 74. Saudi Arabia: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 75. UAE: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 76. South Africa: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 77. Rest of MEA: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 78. SAM: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 79. SAM: Small Satellite Market Revenue Share, By Type (2021 & 2028)

Figure 80. SAM: Small Satellite Market Revenue Share, by Application (2021 & 2028)

Figure 81. SAM: Small Satellite Market Revenue Share, by Payload (2021 & 2028)

Figure 82. SAM: Small Satellite Market Revenue Share, by Vertical (2021 & 2028)

Figure 83. SAM: Small Satellite Market Revenue Share, by Key Country (2021 & 2028)

Figure 84. Brazil: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 85. Rest of SAM: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 86. Impact of COVID-19 Pandemic on Markets in North American Countries

Figure 87. Impact of COVID-19 Pandemic on Europe Country Markets

Figure 88. Impact of COVID-19 Pandemic on APAC Country Markets

Figure 89. Impact of COVID-19 Pandemic on MEA Country Markets

Figure 90. Impact of COVID-19 Pandemic on South America Country Markets

The List of Companies - Small Satellite Market

• Dauria Aerospace

• GomSpace Group AB

• Lockheed Martin Corporation

• Northrop Grumman Corporation

• Raytheon Technologies Corporation

• Sierra Nevada Corporation

• Surrey Satellite Technology Ltd

• Swarm Technologies Inc

• Thales SA

• Tyvak International SRL

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global small satellite market.

• Highlights key business priorities in order to assist companies to realign their business strategies

• The key findings and recommendations highlight crucial progressive industry trends in the global small satellite market, thereby allowing players across the value chain to develop effective long-term strategies

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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