The global small satellite market is anticipated to grow at a considerable CAGR of 10.1% during the forecast period. The increasing R&D activities by NASA and growth in military spending for surveillance missions will be propelling the market growth. For instance, the adoption of SKYWAN technology by NASA and triband antennas enables real-time transmission. Further in July 2020, the CubeSat launched an initiative to deploy 109th CubeSat from the international space station. Furthermore, the Indian Space Research Organization (ISO) announced to launch of various satellites including three communication satellites, three space science satellites, ten earth observation Satellites, and two satellites. Therefore, these all activities are boosting the market growth.
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Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in December 2021, Surrey Satellite Technology Ltd (SSTL) has signed a contract with Satellite Vu for an MWIR thermal imaging satellite, that will lay the groundwork for a projected constellation of seven MWIR satellites. Satellite Vu’s MWIR satellite is based on SSTL’s DarkCarb product, a 100kg class small satellite in SSTL’s Carbonite range. Further, in June 2020, In June 2020, Iridium Communications signed a contract with Relativity Space to deliver satellites to the LEO. The contract included flexible timing for up to 6 dedicated launches to deploy Iridium’s ground spare satellites.
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Regions Covered
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Northrop Grumman Corp, Millennium Space Systems, Inc. Thales Alenia Space, Planet Labs, Inc., Adcole Maryland Aerospace, LLC.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Small Satellite Market Report by Segment
By Type
- Minisatellite
- Microsatellite
- Nanosatellite
- Picosatellite
- Femtosatellite
By End-user
- Civil
- Commercial
- Military
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
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