Small Satellite

Small Satellite Market by Type (Microsatellite, Minisatellite, Nanosatellite), Application (Communication, Earth Observation & Meteorology, Mapping & Navigation), End-User - Global Forecast 2024-2030

360iResearch Analyst
Want to know more about the small satellite market or any specific requirement? Ketan helps you find what you're looking for.
This free PDF includes market data points, ranging from trend analysis to market estimates & forecasts. See for yourself.

[185 Pages Report] The Small Satellite Market size was estimated at USD 4.38 billion in 2023 and expected to reach USD 5.12 billion in 2024, at a CAGR 17.00% to reach USD 13.17 billion by 2030.

Small Satellite Market
To learn more about this report, request a free PDF copy

Small or miniature satellites are small-size satellites with mass under 500 kg (1100 lb), utilized in several applications such as navigation, communication, and surveillance for defense purposes. Small satellites are low-cost alternatives that have allowed commercial enterprises and educational institutions to conduct missions in low-Earth orbit. Small satellites offer cost-effective complementary capabilities to ground-based astronomy and larger space missions. Small satellites ensure that several countries no longer monopolize space technology with well-funded programs that build large and expensive satellites convenient to smaller and newer entities. However, programmatic and scientific risks involved in producing small satellites and stringent regulations impede the adoption of small satellites. In addition, recent advances and development trends in small satellites focus on telecommunication aspects such as using higher-frequency bands and optical communications, protocols, and architectures. Small satellites with modern designs enable new services such as global tracking, the Internet of Things (IoT), remote sensing, and non-terrestrial networks (NTN) that facilitate further communication and data link technologies.

Regional Insights

The small satellite is increasingly being used to expedite the deployment of telecommunication services in major North American economies. NASA's increasing its research and development activities and the growing military spending for surveillance missions drive the market across the region. South American countries such as Argentina, Peru, Brazil, Mexico, Uruguay, and Bolivia have national space agencies, and Argentina and Brazil have even built space launch sites. In Asia-Pacific, the growing landscape for small satellites, with increasing space investments being routed for augmenting the region's space-based capabilities by countries such as China, India, Australia, and Japan, propelled small satellites' development in the region. According to the China National Space Administration (CNSA), the region intends to launch about 100 satellites by 2025. In Europe, the rising budgets for the research and development (R&D) of innovative satellite-based products and services are expanding the growth of small satellites. The Middle East and Africa regions are introducing small satellites for various commercial purposes such as data management and expansions with connectivity.

Market Dynamics

The market dynamics represent an ever-changing landscape of the Small Satellite Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Development of satellite networks to provide internet access to areas without broadband connectivity
    • Improved services for the increasing focus on reducing mission costs
    • Rising demand for earth observation imagery and analytics in agriculture and oil & gas industries
  • Market Restraints
    • Stringent regulations and increasing ambiguity for small satellite providers due to changing regulations worldwide
  • Market Opportunities
    • Increasing funding from governments in space technology
    • Proliferation in the number of space exploration missions
  • Market Challenges
    • Programmatic and scientific risks involved in the production of small satellites
Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Small Satellite Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Small Satellite Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Small Satellite Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Small Satellite Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Small Satellite Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Small Satellite Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Small Satellite Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Small Satellite Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Small Satellite Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Small Satellite Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Small Satellite Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Small Satellite Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Northrop Grumman and IHI Sign MOU to Collaborate on Small Maneuverable Satellites for Japan

    Northrop Grumman and IHI have recently signed a memorandum of understanding to collaborate on small, maneuverable satellites for Japan. As the demand for satellite technology continues to grow in various industries ranging from telecommunications to defense, the market for small satellites has become increasingly competitive. By leveraging their respective expertise, Northrop Grumman and IHI hope to develop innovative technologies that will enable Japan to stay ahead of the curve. This partnership has the potential to not only benefit Japan but also the entire satellite industry as a whole. It will be interesting to see how these two major players navigate the market and what new technologies they are able to develop as a result. [Published On: 2023-03-14]

  • ReOrbit and AAC Clyde Space partner on joint satellite avionics bundle

    In a rapidly advancing world of space technology, small satellites are quickly becoming an important. With their cost-effectiveness and flexibility, they have allowed for a range of innovative space solutions. Recently, ReOrbit and AAC Clyde Space have partnered together to offer a joint satellite avionics bundle for small satellites. With this solution, small satellite operators can benefit from the latest technology and reliable data collection for their missions, while keeping costs relatively low. The partnership is a significant step for the small satellite market, as it solidifies the momentum toward increasing efficiency and productivity for all satellite technologies. [Published On: 2023-03-07]

  • European firms partner for LEO collision avoidance demo

    Small satellites have exploded in popularity in recent years, due to their relative affordability and versatility. However, as more and more of these pint-sized probes take to the skies, the risk of satellite collisions is on the rise. That's why a consortium of European firms has partnered to develop a collision avoidance demo for small satellites operating in low Earth orbit (LEO). Using advanced machine learning techniques and sophisticated algorithms, this system promises to give satellite operators the tools they need to keep their spacecraft safe and avoid potentially catastrophic collisions. [Published On: 2023-01-09]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Small Satellite Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Small Satellite Market, highlighting leading vendors and their innovative profiles. These include Adcole Corporation, Aerospace Corporation, Airbus SE, Antrix Corporation Limited, Astro Digital Inc., Ball Corporation, Berlin Space Technologies GmbH, Blue Canyon Technologies, Inc., Capella Space Corp., EnduroSat AD, EXOLAUNCH GmbH, GeoOptics, Inc., GomSpace, Inmarsat Global Ltd., Iridium Communications Inc., L3 Harris Technologies, Inc., Lockheed Martin Corporation, Maxar Technologies Holdings Inc., Mitsubishi Electric Corporation, NaraSpace Inc., Northrop Grumman Corporation, OHB SE, Planet Labs Inc., Sierra Nevada Corporation, Singapore Technologies Engineering Ltd., Space Exploration Technologies Corporation, Spire Global, Inc., Surrey Satellite Technology Ltd., Thales Group, and The Boeing Company.

Small Satellite Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
Market Segmentation & Coverage

This research report categorizes the Small Satellite Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • Microsatellite
    • Minisatellite
    • Nanosatellite
  • Application
    • Communication
    • Earth Observation & Meteorology
    • Mapping & Navigation
    • Scientific Research & Exploration
    • Surveillance & Security
  • End-User
    • Civil
    • Commercial
    • Defense

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Small Satellite Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Small Satellite Market, by Type
  7. Small Satellite Market, by Application
  8. Small Satellite Market, by End-User
  9. Americas Small Satellite Market
  10. Asia-Pacific Small Satellite Market
  11. Europe, Middle East & Africa Small Satellite Market
  12. Competitive Landscape
  13. Competitive Portfolio
  14. List of Figures [Total: 22]
  15. List of Tables [Total: 290]
  16. List of Companies Mentioned [Total: 30]
The Growing Importance of Small Satellites in Earth Observation Imagery
June 26, 2023
The Growing Importance of Small Satellites in Earth Observation Imagery
Earth observation imagery and analytics have become increasingly important in various industries, particularly in agriculture and oil & gas. Small satellites, also known as CubeSats, have emerged as a cost-effective and efficient solution for capturing high-quality earth imagery and data. This blog explores the growing significance of small satellites in meeting the rising demand for earth observation imagery and analytics in these industries.

Benefits of Small Satellites:

Small satellites offer several advantages over traditional and larger satellites. The most significant benefit is the lower manufacturing and launch costs, which make small satellites more affordable. These satellites are often launched as secondary payloads on larger rockets, which further reduces the overall launch expenses. CubeSats also have shorter development timelines than larger satellites, which enables more frequent missions and provides greater flexibility. These benefits make small satellites an ideal solution for industries that need to capture earth observation imagery frequently and at a lower cost.

Agriculture Industry:

The use of small satellites in the agriculture industry has grown in recent years. Farmers and land managers use earth observation imagery to monitor soil moisture, temperature, plant growth, and crop health. These imagery and data help them make informed decisions about irrigation, fertilization, and other important farming practices. Small satellites provide more timely and frequent data than traditional satellites, enabling better decision-making and more efficient use of resources. As a result, farmers can increase their yields and reduce costs, leading to greater profits.

Oil & Gas Industry:

The oil & gas industry is also turning to small satellites to capture earth observation imagery. Companies use these satellites to monitor pipelines, oil rigs, and other infrastructure. The imagery and data help them detect leaks, measure natural gas flaring, and identify hazardous conditions. Small satellites enable more frequent monitoring than traditional satellites, which allows companies to respond quickly to potential threats and reduce the risk of costly environmental incidents. With the growing demand for sustainable and environmentally responsible practices in the industry, small satellites offer a valuable solution.

Future of Small Satellites:

The demand for earth observation imagery and analytics in various industries will continue to rise, and small satellites will play a vital role in meeting that demand. In the future, it is expected to see more advanced technology and capabilities in small satellites, such as higher-resolution imaging, thermal sensing, and synthetic aperture radar. As a result, small satellites will become even more valuable for earth observation and data collection.

Small satellites, or CubeSats, have become increasingly important in capturing high-quality earth observation imagery and data in various industries. The lower manufacturing and launch costs, shorter development timelines, and more frequent missions make small satellites a cost-effective and efficient solution. The agriculture and oil & gas industries have particularly benefited from the use of small satellites in monitoring soil moisture, temperature, crop health, pipelines, and other infrastructure. With the growing demand for earth observation imagery and analytics, we can expect to see more advanced technology and capabilities in small satellites, making them an even more valuable solution for capturing high-quality imagery and data.

Frequently Asked Questions
  1. How big is the Small Satellite Market?
    Ans. The Global Small Satellite Market size was estimated at USD 4.38 billion in 2023 and expected to reach USD 5.12 billion in 2024.
  2. What is the Small Satellite Market growth?
    Ans. The Global Small Satellite Market to grow USD 13.17 billion by 2030, at a CAGR of 17.00%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
  4. In what format does this report get delivered to me?
    Ans. We will send you an email with login credentials to access the report. You will also be able to download the pdf and excel.
  5. How long has 360iResearch been around?
    Ans. We are approaching our 7th anniversary in 2024!
  6. What if I have a question about your reports?
    Ans. Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available and included in every purchase to help our customers find the research they need-when they need it.
  7. Can I share this report with my team?
    Ans. Absolutely yes, with the purchase of additional user licenses.
  8. Can I use your research in my presentation?
    Ans. Absolutely yes, so long as the 360iResearch cited correctly.