Small Satellite Market Expected to Expand at a Steady CAGR Through 2027

This study of the market provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the industry. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.

The report offers detailed profile and data information analysis of the leading companies in the Small Satellite Market:

Boeing
Sierra Nevada Corporation (SNC)
Thales Alenia Space
Millennium Space Systems Inc.
Spire Global
Geooptics Inc.
Harris Corporation
Airbus Defence & Space
OHB AG
Lockheed Martin Corporation

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The key drivers of the Small Satellite Market are as follows:

The strong demand for high-resolution earth imaging, rising investment in space science, a growing number of missions by government authorities are some factors driving the growth of the market. Moreover, rising demand for small satellites for communication purposes, increasing the need for hosted payloads, and growth in the development of dedicated launch vehicles for small satellites are certain factors surging the growth of the market. In addition to this, small satellites are capable of offering enhanced earth observation finds extensive usage in several sectors such as agriculture, energy, oil & gas, civil engineering, and others.

Based on region, the North America region is expected to grow at a higher CAGR during the forecast period due to the presence of leading players having a growing focus towards small satellite development and rising demand for earth observation small satellites. Moreover, the market for the small satellite is also projected to dominate in the Asia-Pacific region during the forecast period. The rising focus towards lowering total mission costs is a key factor that is fuelling the growth of the market in the region. The government of developing economies in the region is heavily investing in their development as these are satellites that are reliable, cheaper, and more economical. The small satellite is anticipated to register a further increase in emerging countries such as India and China.

The study objectives of this report are:

To study and forecast the size of the market.
To analyze the key players, SWOT analysis, value, and market share for the leading players.
To define, describe, and forecast the market by different segments.
To analyze the market potential and advantage, opportunity and challenge, restraints and risks.

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Segmentation of the Small Satellite Market:

Breakup by Type:

Nanosatellite
Microsatellite
Minisatellite

Breakup by End-User:

Civil
Defense
Commercial

Breakup by Application:

Earth Observation & Meteorology
Scientific Research & Exploration
Mapping & Navigation
Surveillance & Security

Breakup by Subsystem:

Structures
Payloads
Solar Panels & Antenna Systems
Electrical Power Systems (EPS)
Command & Data Handling (C&DH)
Attitude Determination & Control Systems
Propulsion Systems
Others

Breakup by Region:

North America

United States of America
Canada

Asia Pacific

China
Japan
India
Rest of APAC

Europe

United Kingdom
Germany
France
Spain
Rest of Europe

Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)

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