Small Satellite Global Market Report 2022: Rising Need For Remote Sensing And Earth Observation Services Drives Growth

The global small satellite market report by the business research company identifies Increasing space exploration missions to be a major growth driver for the small satellite market. Various government agencies across the world are increasing their space missions, and small satellites help them to complete their space missions. According to the Economic Times, an English daily, in 2019, China's National Space Administration (CNSA) estimates that the government will launch around 100 satellites by 2025. Similarly, according to the US Air Force Research Laboratory, a scientific research organization operated by the United States Air Force Materiel Command, the US military intends to expand its space awareness capabilities beyond geostationary orbit and aims to start patrolling the Moon, taking the mission to the other side of the Moon about 1000 times higher. These advances are projected to have a favorable impact on the need for and usage of small satellites across the world.

The global small satellite market report is expected to grow from $3.59 billion in 2021 to $4.2 billion in 2022 at a compound annual growth rate (CAGR) of 17.0%. The global small satellite market report is expected to grow to $8.35 billion in 2026 at a CAGR of 18.8%.

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North America was the largest region in the small satellite market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global small satellite market during the forecast period. The regions covered in the global small satellite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the small satellite market are Sierra Nevada Corporation, Lockheed Martin Corporation, Airbus, L3 Harris Technologies, The Aerospace Corporation, Planet Labs, GomSpace, Boeing, Space Exploration Technologies, Blue Canyon Technologies, Honeywell International Inc., ST Engineering, Orbital ATK, Inc., Ball Corporation, Israel Aerospace Industries Ltd., QinetiQ, ISIS-Innovative Solutions In Space B.V., Surrey Satellite Technology Ltd., and Spire Global.

The global small satellite market is segmented -
1) By Type: Minisatellite, Microsatellite, Nanosatellite, Pico-Satellites, Femtosatellites
2) By Orbit: Low Earth Orbit (LEO), Middle Earth Orbit (MEO), Geostationary Earth Orbit (GEO)
3) By Component: Structures, Payload, Electric Power System, Solar Panel and Antenna Systems, Propulsion Systems, Other Components
4) By Application: Earth Observation and Remote Sensing, Satellite Communication, Science and Exploration, Mapping and Navigation, Space Observation, Others
5) By End-User: Commercial, Academic, Government And Military, Others

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The small satellite Market Report Contents Include
1. Executive Summary
2. Small Satellite Market Characteristics
3. Small Satellite Market Trends And Strategies
4. Impact Of COVID-19 On Small Satellite
5. Small Satellite Market Size And Growth
....
26. Africa Small Satellite Market
27. Small Satellite Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Small Satellite Market
29. Small Satellite Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the small satellite market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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