Small Satellite Market Trends 2022 | Segmentation, Outlook, Industry Report to 2028

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.

Market Coverage

· The market number available for - 2021-2028

· Base year- 2021

· Forecast period- 2022-2028

Segment Covered-

· By Type

· By Application

Regions Covered

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape- Northrop Grumman Corp, Millennium Space Systems, Inc. Thales Alenia Space, Planet Labs, Inc., Adcole Maryland Aerospace, LLC.

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Global Small Satellite Market Report by Segment

By Type

• Minisatellite

• Microsatellite

• Nanosatellite

• Picosatellite

• Femtosatellite

By End-user

• Civil

• Commercial

• Military

Global Small Satellite Market Report by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

Company Profiles

· Adcole Maryland Aerospace LLC

· Airbus SE

· Blue Canyon Technologies Inc.

· GomSpace Group AB

· L3Harris Technologies Inc.

· Lockheed Martin Corp

· Maxar Technologies Inc

· Millennium Space Systems Inc. (The Boeing Company)

· Mitsubishi Electric Corp

· Northrop Grumman Corp

· OHB SE

· Planet Labs Inc.

· Pumpkin, Inc

· Raytheon Technologies Corp

· Sierra Nevada Corporation

· Singapore Technologies Engineering Ltd

· Space Exploration Technologies Corp.

· Spire Global Inc.

· Surrey Satellite Technology Ltd (Airbus SE)

· Thales Alenia Space

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