The market for Small Satellite is anticipated to grow at significant CAGR of XX% during forecast period. Small satellites are low-cost options that have allowed commercial companies, non-profit organisations, and educational institutions to conduct missions in low-Earth orbit. These small satellites allow for a wide range of scientific experiments and technical demonstrations to be carried out in orbit at a low cost, in a timely manner, and with relative ease. These satellites can also be used to ‘piggyback’ on larger launch vehicles, allowing them to take use of the extra capacity. Miniaturized satellites allow for more cost-effective and mass-produced designs.
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During the forecast period, the global small satellite market is expected to rise due to increased technological innovation, decreased launch costs, and the development of automation technologies. Small satellites provide fundamentally new designs for a wide range of space operations, with the potential for exponential leaps in transformational research, due to technology advancements. In January 2021, SpaceX launched a Falcon 9 rocket from Cape Canaveral with 143 tiny satellites. The development of reusable rocket technology has brought down the cost of launch services, allowing more people throughout the globe to use small satellites.
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Because small satellites are frequently launched into densely populated orbits, they may pose a threat to the space environment. This is due to the fact that small spacecraft are secondary payloads that are launched with much larger and more expensive satellites. They’re usually stationed close or alongside other huge satellites. These massive satellites are in sun-synchronous or geostationary transfer orbits, both of which are littered with space junk. Nano and microsatellites lack the agility needed to manoeuvre in such orbits. These satellites’ native radar signals are often tiny, and they are frequently below the threshold of detection for space surveillance sensors.
Global Small Satellites Market – Segmentation
By Type
Minisatellite
Microsatellite
Nanosatellite
Others
By Application
Earth observation & remote sensing
Satellite communication
Science & exploration
Mapping & navigation
Space observation
Others
By End User
Commercial
Academic
Government & military
Others
Global Small Satellites Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
Airbus S.A.S.
GomSpace
L3Harris Technologies Inc.
Lockheed Martin Corporation
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