Small Satellite Services Market is valued at USD 3.61 Billion in 2022 and expected to reach USD 10.17 Billion by 2029 with the CAGR of 15.95% over the forecast period.
Small satellites are artificial satellites with low weight and smaller sizes, and they are becoming more attractive in recent years because of their lower development costs and shorter lead times as compared to large satellites. In the past few years, space systems and technologies have become a vital part of the economic, scientific, and security capabilities of countries across the world. Various government and private organizations in the world are now concentrated on capitalizing on space systems to improve operational effectiveness, and to enhance homeland security and digital communication capabilities. Our report studies global Small Satellite Services market and covers historical and forecast data for application, regional and country. Along with these leading players, there are number of other small and mid-sized players who are coming with huge investment and innovative technology launch in the Small Satellite Services industry.
Based on type segment, Nano-satellites are assumed to stay governing the market. The Nanosatellite segment of the small satellite market is projected to grow at the highest rate during the forecast period. Applications of small satellite are like earth observation, communication, space exploration etc. Based on end user the market of small satellites is classifies as Civil, Defence, Commercial and Government. In 2017, commercial segment has dominated the market withy market share and it is projected to grow at the significant CAGR during the forecast period.Based on application market of small satellites is segmented as earth observation & monitoring, scientific research, communication and others. The earth observation & monitoring segment is anticipated to grow at the highest CAGR during the forecast period due to increased demand.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2028|
|Market Size in 2022:||USD 3.61 Billion|
|Base year considered||2020|
|Forecast Period CAGR %:||15.95%|
|Market Size Expected in 2029:||USD 10.17 Billion|
|Tables, Charts & Figures:||175|
|Key Players/Companies||Airbus Defense And Space, Boeing, GeoOptics, Harris Corporation, Lockheed Martin, Millennium Space Systems Inc, Northrop Grumman Corporation, OHB, Oneweb Ltd., Planet Labs Inc., Sierra Nevada Corporation, ST Engineering Limited, Surrey Satellite Technology Ltd, Thales Alenia Space, Gomspace, L3harris Technologies, Inc, The Aerospace Corporation, Mallon Technology, Digitalglobe, Capella Space, KVH Industries, Iridium Communication, Astro Digital, Remote Sensing Solutions, Echostar, Antrix Corporation Limited, Satellogic, Inmarsat, Satellite Imaging Corporation, Iceye, Globalstar, Singapore Telecommunications., AAC Clyde Space, Ball Corporation, Blue Canyon Technologies (Raytheon Technologies Corporation), Spire Global Inc., Space Exploration Technologies Corp., Honeywell International Inc., The Boeing Company, and others.|
|Segments Covered||By Type, By Application, By End-Users|
|Regional Analysis||North America, U.S., Canada, Europe, Germany, France, U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe, Asia-Pacific, South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC, Latin America, Mexico, Colombia, Brazil, Argentina, Peru, Rest of South America, Middle East and Africa, Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA|