Learn about the global small satellite market through The Business Research Company, which provides information on small satellite market size, small satellite market drivers and restraints, small satellite market players, the COVID-19 impact on the small satellite market, and more.

The global small satellite market 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%.

Increasing space exploration missions are significantly driving the growth of the small satellite market.

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The small satellite market consists of the sale of small satellites by entities (organizations, partnerships, and sole proprietors) that refer to satellites that weigh less than 1,000 kg (2,204 pounds). Miniaturization of electrical hardware and the conversion of numerous hardware logics into software logics allow for mass and size reductions. Small satellites are created by small, highly engaged teams who work on them from conception to launch and operation. Small satellites’ weight is reduced even further by using lighter materials in mechanical systems and designing subsystems without redundancy.

Global Small Satellite Market Segments Include:

By Type: Minisatellite, Microsatellite, Nanosatellite, Pico-Satellites, Femto Satellites

By Orbit: Low Earth Orbit (LEO), Middle Earth Orbit (MEO), Geostationary Earth Orbit (GEO)

By Component: Structures, Payload, Electric Power System, Solar Panel and Antenna Systems, Propulsion Systems, Other Components

By Application: Earth Observation and Remote Sensing, Satellite Communication, Science and Exploration, Mapping and Navigation, Space Observation, Others

By End-User: Commercial, Academic, Government And Military, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global small satellite market in 2021.

Technological advancements are shaping the small satellite market. Major companies operating in the small satellite market are focused on bringing advancements in technologies that offer opportunities to strengthen their position.

TBRC’s Small Satellite Market Report Covers:

Major Market Players: 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.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Small Satellite Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides small satellite market overviews, analyzes and forecasts market size, share, small satellite market players, small satellite market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s small satellite market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Low Earth Orbit (LEO) Satellites Global Market Report 202

Military Satellites Global Market Report 2022

Satellite Manufacturing And Launch Systems Global Market Report 2022

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