The global small satellite market is expected to experience significant growth from 2023 to 2030. This growth is driven by various applications such as communication, navigation, earth observation, technology development, and others. The market is also segmented based on types, including structures, payload, electric power system, solar panel and antennas system, and propulsion system.
Some of the largest companies in the small satellite market include Thales Group, L3Harris Technologies Inc., SpaceX, The Boeing Company, Lockheed Martin Corporation, GeoOptics Inc., Sierra Nevada Corporation, Airbus S.A.S, Planet Labs Inc., Northrop Grumman Corporation, and ST Engineering.
The market size for small satellites was valued at USD 4369.25 million in 2022 and is projected to reach USD 13913.65 million by 2028, growing at a CAGR of 21.29% during the forecast period.
The report provides a comprehensive analysis of the small satellite market, including a macro overview, industry chain, market dynamics, and segment markets by type, application, and region. It also offers insights into the competitive landscape, market share, concentration ratio, and mergers and acquisitions in the industry.
Technological innovations are expected to enhance the performance of small satellites, leading to wider application downstream. The report also analyzes consumer behavior and market dynamics, providing essential insights into the market.
The market is further analyzed based on type, which includes structures, payload, electric power system, solar panel and antennas system, propulsion system, and others. The report also examines various applications of small satellites, including communication, navigation, earth observation, technology development, and others.
Regionally, the report provides a detailed analysis of the market growth in North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. It includes country-wise volume analysis and market size analysis for the historical and forecast periods.
In summary, this report is a valuable resource for industry players, investors, researchers, consultants, and business strategists who are interested in the small satellite market. It provides a holistic view of the market, including trends, marketing channels, advancements, and insights. Additionally, it includes a SWOT analysis, forecasting, and important highlights of the industry.
(Source: Industry Research)