Global Small Satellite Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Minisatellite, Microsatellite, Nanosatellite, Picosatellite, and Femtosatellite.

By Component;

Telemetry, Tracking, Power System, Propulsion System, and Others.

By Application;

Communication, Navigation, Earth Observation, and Others.

By End Use;

Civil, Commercial, and Military.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn935221642 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Small Satellite Market (USD Million), 2021 - 2031

In the year 2024, the Global Small Satellite Market was valued at USD 6,750.21 million. The size of this market is expected to increase to USD 15,462.36 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.6%.

The global small satellite market has witnessed remarkable growth and innovation in recent years, driven by advancements in technology, increasing demand for space-based services, and the emergence of new players in the space industry. Small satellites, also known as smallsats or CubeSats, are characterized by their compact size, lightweight design, and lower cost compared to traditional large satellites. These attributes have democratized access to space, enabling a wide range of government, commercial, and academic entities to develop and deploy satellites for various applications.

The proliferation of small satellites has transformed the space industry, offering new opportunities for Earth observation, telecommunications, scientific research, and technology demonstration. Small satellites are deployed in constellations or clusters to enhance global coverage and provide real-time data for applications such as environmental monitoring, disaster management, agriculture, and urban planning. Additionally, small satellites are used for communication purposes, providing connectivity in remote or underserved regions through satellite internet and broadband services.

The market for small satellites is driven by a combination of factors, including increasing demand for high-resolution imagery, growing investments in satellite-based communication networks, and advancements in miniaturization and propulsion technologies. Moreover, regulatory reforms and initiatives aimed at streamlining licensing processes and reducing launch costs have further accelerated the growth of the small satellite market, fostering innovation and competition among satellite manufacturers, launch service providers, and satellite operators.

As the demand for small satellites continues to rise, the market is expected to witness significant expansion in the coming years, with new opportunities emerging in areas such as space tourism, in-orbit servicing, and space-based manufacturing. Governments, private companies, and research institutions are investing heavily in small satellite technologies to capitalize on the potential of space-based applications and address global challenges. With increasing access to space and growing capabilities of small satellites, the industry is poised for continued growth and disruption, shaping the future of space exploration and commercialization.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Component
    3. Market Snapshot, By Application
    4. Market Snapshot, By End Use
    5. Market Snapshot, By Region
  4. Global Small Satellite Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements
        2. Increasing Demand for Earth Observation
        3. Expanding Communication Networks
        4. Regulatory Reforms
      2. Restraints
        1. Limited Payload Capacity
        2. Launch Constraints
        3. Regulatory Hurdles
        4. Funding Constraints
      3. Opportunities
        1. Emerging Markets
        2. Space Industry Collaboration
        3. Commercialization of Space
        4. Technology Advancements
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Small Satellite Market, By Type, 2021 - 2031 (USD Million)
      1. Minisatellite
      2. Microsatellite
      3. Nanosatellite
      4. Picosatellite
      5. Femtosatellite
    2. Global Small Satellite Market, By Component, 2021 - 2031 (USD Million)
      1. Telemetry
      2. Tracking
      3. Power System
      4. Propulsion System
      5. Others
    3. Global Small Satellite Market, By Application, 2021 - 2031 (USD Million)
      1. Communication
      2. Navigation
      3. Earth Observation
      4. Others
    4. Global Small Satellite Market, By End Use, 2021 - 2031 (USD Million)
      1. Civil
      2. Commercial
      3. Military
    5. Global Small Satellite Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN(Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Thales Alenia Space
      2. GomSpace Group AB
      3. Surrey Satellite Technology Ltd
      4. AAC Clyde Space
      5. EnduroSat
      6. OHB Italia SpA
      7. G.A.U.S.S. Srl
      8. Innovative Solutions In Space BV
      9. NEXEYA
      10. NanoAvionics
  7. Analyst Views
  8. Future Outlook of the Market