Small Satellite Market

Small Satellite Market by Mass (Small Satellite, CubeSat), Application, Subsystems (Satellite Bus, Payload, Solar Panel, Satellite Antenna), Frequency, End-use (Commercial, Government & Defence, Dual-use), Orbit and Region - Global Forecast to 2028

Report Code: AS 4259 Mar, 2023, by marketsandmarkets.com

The Small Satellite Market size is expected to reach USD 7.0 Billion by 2028 from USD 3.2 Billion in 2023 growing at a CAGR of 16.8%. during the forecast period.The cost of launching small satellites into orbit has decreased significantly over the years, this is due to the advancement in launch vehicle technology and the emergence of dedicated small satellite launch providers.

Technological advancements in small satellite industry have made it easier and more cost-effective to design, build, and operate small satellites. For example, improvements in miniaturization have made it possible to pack more functionality into smaller and lighter satellites. Additionally, there is a growing demand for earth observation data and imagery for applications such as weather forecasting, crop monitoring, and environmental monitoring. Small satellites are well-suited for these types of missions, as they can provide frequent and detailed imagery at a relatively low cost. Small satellites are also used for communications services, such as providing internet connectivity to remote areas of the world. With the increasing demand for high-speed internet and the proliferation of connected devices, the demand for satellite-based communication services is likely to continue to grow. Small satellites are also being increasingly used for defense and military applications, such as intelligence gathering, surveillance, and reconnaissance. The compact size and maneuverability of small satellites make them an attractive option for these types of missions.

Small Satellite Market

Small Satellite Market

Small Satellite Market Forecast to 2028

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Small Satellite Market Dynamics

Driver: Growing demand for LEO-based small satellites

There is a growing demand for low-cost small satellites with increased capacity for enterprise data (retail, banking), the energy sector (oil, gas, mining), and governments in industrialized countries. The demand for low-cost broadband is also rising among individual consumers in less developed countries and rural areas, which may not have access to the internet. These market expectations are driving investments in small sat-based LEO constellations. There is a high demand for low-cost, high-speed broadband in industrialized countries. If all planned GEO HTS satellites and LEO constellations succeed, the supply could be much higher than the expected demand, which would drive the price per megabit down.

Satellite constellations by SpaceX (US), Orbcomm (US), SES SA (Luxembourg), and Planet Labs (US) are present in orbit. OneWeb (UK), Boeing (US), TeleSat (Canada), and Amazon (US) are developing their constellation of small satellites. Although there is high demand for low-cost, high-speed broadband in industrialized countries, if all planned GEO HTS satellites and LEO constellations succeed, the supply could be much higher than expected. This would drive the price per megabit down to 3 terabits of bandwidth by 2025 for broadband access from GEO, MEO, and LEO satellites. The proposed LEO constellations collectively could deliver these broadband access services almost ten times as much.

Driver: Rising need for Earth Observation imagenry  and analytics

Earth observation services primarily cover the monitoring of agricultural fields, detection of climatic changes, disaster mitigation, meteorology, and several other resources. The requirement for high-resolution earth imaging has increased across verticals, as images can be used to manage land, water, and forest resources precisely. The US government is the largest buyer of satellite imagery today. Thus, most smallsat companies from the US and other countries consider the US a primary executor of this technology.

According to the Science and Technology Policy Institute, the smallsat imagery market is expected to rise at a compound annual growth rate of 49%, which could take the market to USD 8.8 billion by 2030 if growth remains that high.

Restraints: Absence of unified regulations and government policies across nations

Government policies at the nation-state and international levels directly or indirectly influence the evolution of the small satellite ecosystem and industry. Currently, there is no comprehensive global or domestic on-orbit regulation regime. There are regulations related to the launch and re-entry of satellites in the spectrum and remote sensing in the US. For instance, there are no regulations related to on-orbit activities, such as rendezvous and proximity operations, space-based Space Situational Awareness (SSA), or RF mapping. A consensus has not been reached internationally, with more than 75 countries engaged in small satellite activities. A few indicators depict that there will be a comprehensive global regime beyond the high-level dictates in the Outer Space Treaty.

National acceptance and commitment determine the liability of satellites. Hence, small satellite manufacturers are hindered due to supervision and authorization for registration and licensing. They are usually regulated slowly for countries with experience in the space field. The national governments either lack knowledge or adopt a time-consuming process when they monitor all space activities that implicate their country on the international level. It is also important to record all objects sent to space and ensure that each space-related project has peaceful purposes. Although operators have expressed interest in developing regulations that would provide certainty to investors, there are concerns about burdensome regulations that could drive companies to move from country to country. Developing policies and regulations for the quickly evolving commercial space industry will be a challenge for the next 10 years as the timeline in which operators and policymakers function does not necessarily align. The main goals of these policies had been formulated on the principles of promoting international cooperation between the operators and users of different sizes of satellites. These policies aim to better the proposed future human space flight, prevent damages caused by man-made debris, and improve the lives of humans by continuing space exploration in a mutually peaceful environment. The policy outcome is to protect all the users of space and the prosperity of human society.

Restraints: Lack of dedicated small satellite launch vehicles

Current options for smallsat launches are limited to rideshares either as secondary payloads on rockets launching large satellites or carrying cargo to the International Space Station. The piggyback launch has the advantage of low price, but it implies a defined orbit and eventually delays the prime spacecraft launch. These options impose restrictions in terms of integration & launch schedules, orbit destinations, and loss of flexibility with respect to subsystems in the small satellite.

Spaceflight Industries (US), ECM Space (Germany), TriSept (US), Tyvak (US), and Innovative Solutions in Space (Netherlands) have developed technology to safely include large numbers of smallsats as secondary payloads on large launchers to ease the launch process. Existing large launcher organizations such as ISRO (India), ULA (US), Glavkosmos (Russia), Arianespace (Europe), and MH (Japan) are announcing plans to increase the number of launches in the coming years. Blue Origin, SpaceX, and ULA are developing large new launchers, which are expected to arrive online in the next 2–5 years for smallsat rideshares.

There is a deficiency of dedicated small satellite launch vehicles for only small payloads that would provide reliable, fast, and dedicated access to a variety of orbits and planes. The typical specific launch cost of these vehicles is often greater than their medium and intermediate lift counterparts, and the payload may not utilize the full capability of the vehicle. The payload operator may, therefore, not justify the use of the launch vehicle economically. Competitive prices, similar complexity as huge LVs, profit reduction for LV manufacturers, and export issues are the restraints for the growth of the small satellite market.

Opportunities: Development of satellite network to provide internet access in areas without broadband connectivity

LEO satellite systems like Starlink, TeleSat, OneWeb, etc., are already placed in orbit. Thus, customers can check satellite services worldwide, even where the terrestrial internet is inaccessible. Companies are making efforts to capitalize on the opportunity to provide internet to those parts of the world with little infrastructure and connectivity. Although the global telecommunications industry has built a robust internet network comprising fiber optic cables, radio, and microwave towers for terrestrial communications, along with undersea cables, huge global populations still remain unconnected.

Currently, over 40% of the global population does have access to the internet. The construction of cable infrastructure for every home in the world would cost billions of dollars. The US telecom estimates that laying a fiber optic cable costs approximately USD 27,000 per mile. Satellite internet connectivity is less expensive than laying millions of miles of fiber optic cables. It is ideally suited for delivering internet access to rural and remote areas. This is a great opportunity for the market as the internet allows people to live in the countryside and enjoy the benefits of fast internet, including remote working, schooling, and staying connected to friends, entertainment, and news.

Opportunities: Increased government investemnets in space agencies

The US government invests in every part of the smallsat ecosystem and is likely to continue investing upstream and downstream. Governments worldwide have increased their investments in smallsats.

For many countries, government investments, generally in R&D and start-ups, are seen as a way to address societal challenges, facilitate independence from imports, and eventually become a global solutions provider in space. The governments also recognize that they do not have a well-developed venture sector like the US. Thus, the governments provide venture capital (VC) funds.

In 2020, Japan started cabinet-level Impulsing Paradigm Change through the Disruptive Technologies Program (IMPACT) and the Innovation Network Corporation of Japan (INCJ). They both have the potential to advance space start-ups.

ESA announced a nearly USD 33 million investment in advancing Hall Effect thruster (HET) propulsion technology and other business incubators. The government of China has dedicated USD 339 billion to start-ups in the nation (not all of which would focus on space), which is a sign that governments compensate for the lack of private funding. Also, the Industrial Technologies office of the Canadian government plans to provide Canada-based UrtheCast USD 13 million to support the ongoing development of its X- and L-band synthetic aperture radar (SAR) constellation on a smallsat platform. Thus, increased government investments will offer growth opportunities for the small satellite market.

Challenges: Telemetry, tracking, and command issues

The size limitations of small satellites need integrated electronic equipment based on digital logic. Moreover, the LEO requires telecommunication modules with high throughput to transmit a large amount of data to Earth in a short time. There is a need for new technology regarding the Telemetry, Tracking, and Command (TT&C) module to meet such requirements. Several spacecraft terminal designs that could be used to support TT&C exist. A significant driver to develop the more advanced recent designs is the prospect of LEO communication systems, such as Teledesic/Celestri, which include laser communications crosslinks as part of the baseline design. Since this represents a large potential market with a need for hundreds to thousands of terminals in a complete constellation, much effort has been made to develop designs that will result in low-cost terminals. This creates an opportunity for low-cost, high-data-rate systems to be applied to small satellite TT&C for a cost on par with current spacecraft transponders. Distributed systems using formation-flying satellites might use a synergy of payloads onboard different satellites instead of a multiplying effect of constellations to enhance coverage.

Challenges: Complex propulsion systems

The small size and relatively low cost of small satellites have made them a popular choice for commercial launches in recent years, but the process of propelling such satellites into space comes with many problems. Several methods of pragmatic spacecraft propulsion have been developed, each with its drawbacks and advantages. Most satellites have simple, reliable chemical thrusters (often monopropellant rockets) or resist jet rockets for orbital station-keeping, and some use momentum wheels for attitude control.

These systems are complex and require minimal volume to the surface area to dissipate heat. They may be used on larger small satellites, while other micro/nanosats have to use electric propulsion, compressed gas, vaporizable liquids such as butane or carbon dioxide, or other innovative propulsion systems that are simple, cheap, and scalable. There is a need for new micro-propulsion systems with low mass fraction, high specific impulse, and high Delta-V for smallsat deployment and control. This control is needed because of the increasing number of small satellites in any specific orbit and the growing use of software-defined payloads. The lack of micro-propulsion is a roadblock that is one of the top priority challenges. Several micro-propulsion technologies, miniaturization of existing systems, and innovative concepts have been proposed. However, very few were beyond Technical Readiness Level 3.

Small Satellite Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of small satellite systems and platforms. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include Sierra Nevada Corporation (US), L3Harris Technologies (US), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), and Airbus Defence and Space (Netherlands).

Small Satellite Market by Ecosystem

Based on Application, earth observation segment is estimated to account for the largest market share of the small satellite market

Based on application, the earth observation segment is estimated to account for the largest market share. The growing utilization earth observation satellites in a variety of industry sectors, as well as the integration of digital data analysis and geospatial data fusion, have all contributed to the market value growth.

Based on Application, commuincation segment is projected to register the highest CAGR of the small satellite market during the forecast period

Based on application, the communication segment is  projected to registar the highest growth rate during the forecast period. A rise in R&D activities for communication-related missions is expected to offer enhanced quality communication systems with the help of highly sophisticated miniaturized onboard nano, micro, and mini subsystems, coupled with advanced mission-compatible ground-station technology.

Based on end-use, the commercial segment are anticipated to dominate the market

Based on end-use, the commercial segmented holds the largest market share. Due to the expanding number of internet services and mobile users in 2022, the commercial category will hold the largest market share. The growing usage of small satellites for enemy surveillance is propelling the market forward. Commercial applications for small satellites include navigation, telecommunication, weather forecasting, and others.

The military segment will expand dramatically as satellites are increasingly used in surveillance operations. The government segment will expand significantly as government space organizations get more involved in small satellite development initiatives.

Based on end-use, the commercial segment is also anticipated to hold the highest growth rate

Based on end-use, The commercial sector in the small satellite market is being driven by a surge in demand for cost-efficient solutions in Earth observation, communication, and data services. Smaller satellites present advantages in terms of lower launch expenses and quicker deployment, which are appealing to businesses aiming to leverage space-based opportunities while managing financial risks..

CubeSat Segment of the small satellite market by mass is projected to witness the highest CAGR during the forecast period.

Based on mass, the market is segmented into small satellite and CubeSat. The CubeSat market is witness to show the highest growth rate during the forecast year , but small satellite segments holds the major market share in 2023. The adoption of CubeSat for the research purpose by the educational institutes to promote the adoption of CubeSat. Additionally, the, CubeSats are also used to test new technology. This has included putting new propulsion systems, communication systems, and navigation technologies.

Small Satellite Segment of the small satellite market by mass is anticipated to hold the highest market share during the forecast period.

Based on mass, the market is segmented into small satellite and CubeSat.  Reduced launch costs, faster deployment, and enhanced data accessibility appeal to businesses, fostering innovation in Earth observation, telecommunications, and scientific research is enhancing the small satellite business. The growing application of small satellites due to their ability to provide enhanced space imagery and better communication is one of the key factors driving the small satellite segment.

Satellite bus segment of the small satellite market by subsystem is projected to witness the highest market share of the small satellite market.

The satellite bus segment is to hold the highest market share. The demand is influenced by the adoption of small satellites for government and commercial applications. the satellite bus segment in the small satellite market plays a crucial role in enabling the development and operation of small satellites, by providing a standardized, cost-effective platform that can be easily customized for a range of applications. The market for satellite buses is anticipated to continue expanding and innovating as long as there is a demand for small satellite missions.

The laser/optical band segment of the small satellite market by frequency is projected to dominate the market.

The market based on the frequency is segment into Ku-band, Ka-band, X-band, C-band, L-band, S-band, HF/VHF/UHF-band, laser/optical band and Q/V-band. The laser/optical band holds the highest CAGR during the forecast period. The Ku band is to holds the highest market share. The technological advantage of Ku-band such as high speed data transfer, enhanced connectivity and short-range and high-resolution imaging capability to propel the market.

The LEO segment of the small satellite market by orbit is projected to dominate the market.

The Low Earth Orbiting (LEO) Segment holds the major market share of the small satellite market by orbit segment. The market is influenced by the growing demand for launching CubeSats and small satellites that help achieve attitude and orbit control and orbital transfers. The growth of the space sector has led to the greater use of advanced payload components.

The GEO segment of the small satellite market by orbit  is anticipated to hold the highest CAGR

The Geostationary Earth Orbit (GEO) Segment holds the highest growth rate  of the small satellite market by orbit segment. The GEO (Geostationary Earth Orbit) segment in the small satellite market is thriving due to rising demand for persistent connectivity and high-resolution Earth observation and communication services. GEO satellites offer stable, fixed-point coverage, making them essential for real-time data access, attracting commercial and government clients. This sustained demand presents profitable business opportunities for satellite manufacturers and service providers.

The North American market is projected to contribute the largest share for the small satellite market.

North America is expected to lead the small satellite market in 2023. The US is the largest market for small satellite market in North America. The growth of the small satellite market in North America can be attributed to the increased demand for small satellite deployments, along with advancements in digital satellites carried out by NASA, the US Department of Defense, and private players, such as SpaceX (US), Sierra Nevada Corporation (US), and Lucix Corporation (US). The successful launch of flexible satellites in space has led to increased space expeditions.

The European  market is projected to hold the hogest growth rate for the small satellite market.

Europe  is expected to hold the highest growth rate the small satellite market during the forecast period. Technological innovations in the small satellite ecosystem and the increased deployment of these satellites are expected to fuel the growth of the market in Europe. The number of space exploration projects in the region is expected to increase over the next five years and is anticipated to trigger the demand for small satellites during the forecast period. The ability of small satellites to provide enhanced geospatial imagery has further boosted their demand in the region, as companies expect geospatial data to provide crucial information for supply chain management and business development.  

Small Satellite Market by Region

Small Satellite Market by Region

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Top Small Satellite Companies - Key Market Players

The Small Satellite Companies are dominated by globally established players such as Sierra Nevada Corporation (US), L3Harris Technologies (US), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), and Airbus Defence and Space (Germany) are some of the leading players operating in the small satellite market, are the key manufacturers that secured small satellite contracts in the last few years. Major focus was given to the contracts and new product development due to the changing requirements of commercial, government and military & space users across the world.

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Scope of the Report

Report Metric

Details

Estimated Market Size

USD 3.2 Billion

Projected Market Size

USD 7.0 Billion

CAGR

16.8%

Market size available for years

2019–2022

Base year considered

2022

Forecast period

2023-2028

Forecast units

Value (USD Billion)

Segments Covered

By Mass, By Application, By Subsystem, By End-use, By Frequency, By Orbit

Geographies covered

North America, Europe, Asia Pacific, Latin America, and  Middle East & Africa

Companies covered

Sierra Nevada Corporation (US), L3Harris Technologies (US), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), and Airbus Defence and Space (Germany) and among others.

Small Satellite Market Highlights

The study categorizes the small satellite market based on Application, Sub-system, End-use, Mass, Frequency, Orbit and Region.

Segment

Subsegment

By Application

  • Communication
  • Earth Observation
  • Education
  • Technology
  • Others

By Subsystem

By End-use

  • Commercial
  • Government & Defense
  • Dual-use

By Mass

  • Small Satellite
  • CubeSat

By Frequency

  • L- Band
  • S-Band
  • C-Band
  • X-Band
  • Ku-Band
  • Ka-Band
  • Q/V- Band
  • HF/VHF/UHF-Band
  • Laser/Optical

By Orbit

  • LEO
  • GEO
  • MEO
  • Others

By Region

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East & Africa

Recent Developments

  • In January 2022, SpaceX:- Starlink, the satellite internet division of SpaceX, applied for a commercial license in India to provide broadband and other services.
  • In November 2021, SpaceX:- Starlink introduced a new rectangular dish capable of receiving the company’s internet signal orbiting overhead.
  • In June 2021, Raytheon Intelligence & Space (RI&S) signed a contract to offer logistics and repair services for all US Marine Corps (USMC) ground equipment.
  • In March 2021, Raytheon Technologies signed a contract worth USD 178 Million to support the US Air Force intel-sharing system transition, the service’s primary intelligence-sharing system.
  • In February 2021, The French defense procurement agency (DGA) awarded Thales and Airbus a contract for the new joint tactical signals intelligence (SIGINT) system to upgrade the French forces' critical signal monitoring, direction finding, and spectrum analysis capabilities.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 41)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS AND EXCLUSIONS 
           1.3.1 MARKETS COVERED
                    FIGURE 1 SMALL SATELLITE MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY AND PRICING 
           TABLE 1 USD EXCHANGE RATES
    1.5 LIMITATIONS 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 46)
    2.1 RESEARCH DATA 
           FIGURE 2 RESEARCH PROCESS FLOW
           FIGURE 3 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key primary sources
           2.1.3 BREAKDOWN OF PRIMARIES
                    FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
    2.2 FACTOR ANALYSIS 
           2.2.1 INTRODUCTION
           2.2.2 DEMAND-SIDE INDICATORS
           2.2.3 SUPPLY-SIDE INDICATORS
           2.2.4 SEGMENTS AND SUBSEGMENTS
    2.3 RESEARCH APPROACH AND METHODOLOGY 
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 Market size estimation & methodology
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.4 DATA TRIANGULATION 
           FIGURE 7 DATA TRIANGULATION
    2.5 RECESSION IMPACT ANALYSIS 
    2.6 RESEARCH ASSUMPTIONS 
           TABLE 2 PARAMETRIC ASSUMPTIONS MADE FOR MARKET FORECAST
    2.7 LIMITATIONS 
    2.8 RISK ANALYSIS 
 
3 EXECUTIVE SUMMARY (Page No. - 57)
    FIGURE 8 MINISATELLITES SEGMENT TO LEAD MARKET FROM 2023 TO 2028
    FIGURE 9 COMMERCIAL SEGMENT PROJECTED TO DOMINATE MARKET DURING FORECAST PERIOD
    FIGURE 10 EARTH OBSERVATION SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    FIGURE 11 LOW EARTH ORBIT SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
    FIGURE 12 LASER/OPTICAL SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
    FIGURE 13 NORTH AMERICA ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023
 
4 PREMIUM INSIGHTS (Page No. - 62)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN SMALL SATELLITE MARKET 
           FIGURE 14 INCREASING USE OF SMALL SATELLITES FOR TRACKING, MONITORING, AND SURVEILLANCE TO DRIVE MARKET
    4.2 SMALL SATELLITE MARKET, BY SUBSYSTEM 
           FIGURE 15 SATELLITE BUS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    4.3 SMALL SATELLITE BUS MARKET, BY SUBTYPE 
           FIGURE 16 ATTITUDE & ORBITAL CONTROL SYSTEM SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    4.4 SMALL SATELLITE PROPULSION MARKET, BY TYPE 
           FIGURE 17 CHEMICAL PROPULSION SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    4.5 SMALL SATELLITE PAYLOAD MARKET, BY PAYLOAD TYPE 
           FIGURE 18 TRADITIONAL PAYLOAD SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE THROUGHOUT FORECAST PERIOD
    4.6 SMALL SATELLITE PAYLOAD MARKET, BY TRADITIONAL PAYLOAD TYPE 
           FIGURE 19 OPTICAL & INFRARED SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD
    4.7 SMALL SATELLITE MARKET, BY COUNTRY 
           FIGURE 20 SMALL SATELLITE MARKET IN JAPAN TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 66)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 21 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES FOR SMALL SATELLITE MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Growing demand for LEO-based small satellites
                               TABLE 3 KEY INFORMATION ON LEO AND MEO CONSTELLATIONS (OPERATIONAL)
                               TABLE 4 KEY INFORMATION ON LEO AND MEO CONSTELLATIONS (DEVELOPMENT)
                    5.2.1.2 Rising need for Earth observation imagery and analytics
                    5.2.1.3 Technological advancements in software-defined payloads for communication satellites
                    5.2.1.4 Increasing number of space exploration missions
                    5.2.1.5 Cost-effectiveness of small satellites compared to conventional satellites
                               FIGURE 22 NUMBER OF SMALL SATELLITES, BY OPERATOR TYPE, 2022
           5.2.2 RESTRAINTS
                    5.2.2.1 Absence of unified regulations and government policies across nations
                    5.2.2.2 Lack of dedicated small satellite launch vehicles
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Use of software-defined technology for flexibility to alter space missions
                    5.2.3.2 Development of satellite network to provide internet access in areas without broadband connectivity
                    5.2.3.3 Increased government investments in space agencies
                               FIGURE 23 ORBITAL LAUNCHES, BY COUNTRY, 2022
                    5.2.3.4 Increased use of small satellites in various applications
           5.2.4 CHALLENGES
                    5.2.4.1 Concerns over space debris
                    5.2.4.2 Complex propulsion systems
                    5.2.4.3 Telemetry, tracking, and command issues
                    5.2.4.4 Raising capital and funding for satellite manufacturing and launch
                    5.2.4.5 Qualitative limitation of small satellites
    5.3 RECESSION IMPACT ANALYSIS 
    5.4 VALUE CHAIN ANALYSIS OF SMALL SATELLITE MARKET 
           FIGURE 24 VALUE CHAIN ANALYSIS
    5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           5.5.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR SMALL SATELLITE SYSTEM MANUFACTURERS
           FIGURE 25 REVENUE SHIFT CURVE: SMALL SATELLITE MARKET
    5.6 SMALL SATELLITE MARKET ECOSYSTEM 
           5.6.1 PROMINENT COMPANIES
           5.6.2 PRIVATE AND SMALL ENTERPRISES
           5.6.3 ECOSYSTEM
                    FIGURE 26 MARKET ECOSYSTEM MAP: SMALL SATELLITE MARKET
                    TABLE 5 SMALL SATELLITE MARKET ECOSYSTEM
    5.7 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 6 SMALL SATELLITE: PORTER’S FIVE FORCE ANALYSIS
           5.7.1 THREAT OF NEW ENTRANTS
           5.7.2 THREAT OF SUBSTITUTES
           5.7.3 BARGAINING POWER OF SUPPLIERS
           5.7.4 BARGAINING POWER OF BUYERS
           5.7.5 INTENSITY OF COMPETITIVE RIVALRY
    5.8 PRICING ANALYSIS 
           5.8.1 AVERAGE PRICE ANALYSIS OF SMALL SATELLITES IN 2022
    5.9 TARIFF AND REGULATORY LANDSCAPE 
           5.9.1 NORTH AMERICA
                    TABLE 7 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER AGENCIES IN NORTH AMERICA
           5.9.2 EUROPE
                    TABLE 8 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER AGENCIES IN EUROPE
           5.9.3 ASIA PACIFIC
                    TABLE 9 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER AGENCIES IN ASIA PACIFIC
           5.9.4 REST OF THE WORLD
                    TABLE 10 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER AGENCIES IN REST OF THE WORLD
    5.10 TRADE ANALYSIS 
           TABLE 11 SMALL SATELLITE MARKET: COUNTRY-WISE IMPORT, 2019–2021 (USD THOUSAND)
           TABLE 12 SMALL SATELLITE MARKET: COUNTRY-WISE EXPORTS, 2019–2021 (USD THOUSAND)
    5.11 PATENT ANALYSIS 
           FIGURE 27 LIST OF MAJOR PATENTS FOR SMALL SATELLITES
           TABLE 13 LIST OF MAJOR PATENTS FOR SMALL SATELLITES
           TABLE 14 OTHER INNOVATIONS AND PATENT REGISTRATIONS, 2020–2021
    5.12 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.12.1 KEY STAKEHOLDERS ON BUYING PROCESS
                     FIGURE 28 INFLUENCE OF STAKEHOLDERS IN BUYING SMALL SATELLITES, BY END USE
                     TABLE 15 INFLUENCE OF STAKEHOLDERS ON BUYING SMALL SATELLITES, BY END USE (%)
           5.12.2 BUYING CRITERIA
                     FIGURE 29 KEY BUYING CRITERIA FOR SMALL SATELLITES, BY TYPE
                     TABLE 16 KEY BUYING CRITERIA FOR SMALL SATELLITES, BY APPLICATION
    5.13 KEY CONFERENCES AND EVENTS, 2022–23 
           TABLE 17 SMALL SATELLITES MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.14 TECHNOLOGY ANALYSIS 
           5.14.1 KEY TECHNOLOGY
                    5.14.1.1 Development of CubeSat constellations to enhance communication
                    5.14.1.2 Miniaturization in space technology
           5.14.2 SUPPORTING TECHNOLOGY
                    5.14.2.1 Hyperspectral and multispectral imaging
    5.15 USE CASE ANALYSIS 
           5.15.1 USE CASE: CUBESATS FOR INTERPLANETARY MISSIONS
           5.15.2 USE CASE: SMALL SATELLITES FOR IOT AND COMMUNICATIONS
           5.15.3 USE CASE: SPACE-BASED GLOBAL WIRELESS MONITORING SYSTEMS
           5.15.4 MEASUREMENTS OF MAGNETIC AND ELECTRIC FIELDS ON EARTH’S IONOSPHERE
           5.15.5 USE CASE: REAL-TIME DATA FOR EMERGENCY SYSTEMS
           5.15.6 USE CASE: SATELLITE RADIATION HARDNESS TEST
    5.16 OPERATIONAL DATA 
           TABLE 18 SMALL SATELLITE LAUNCHES, BY APPLICATION, 2019–2028
 
6 INDUSTRY TRENDS (Page No. - 96)
    6.1 INTRODUCTION 
    6.2 SUPPLY CHAIN ANALYSIS 
           FIGURE 30 SUPPLY CHAIN ANALYSIS
    6.3 TECHNOLOGY TRENDS 
           6.3.1 EVOLUTION OF NANOSATELLITES AND MICROSATELLITES
           FIGURE 31 EVOLUTION: NANOSATELLITES AND MICROSATELLITES
           6.3.2 DEVELOPMENT OF SMALL SATELLITE CONSTELLATIONS TO ENHANCE COMMUNICATION
           6.3.3 3D PRINTING OF SATELLITE EQUIPMENT
           6.3.4 USE OF SMALL SATELLITES TO PROVIDE ENHANCED SPACE IMAGERY
           6.3.5 DEVELOPMENT OF DEDICATED LAUNCH VEHICLES FOR SMALL SATELLITES
                    TABLE 19 STATE-OF-THE-ART SMALL SATELLITE AND CUBESAT TECHNOLOGIES
           6.3.6 DISTRIBUTED ELECTRIC POWER SYSTEM (EPS) IN SMALL SATELLITE APPLICATIONS
                    TABLE 20 DIFFERENCE BETWEEN DISTRIBUTED AND CENTRALIZED EPS ARCHITECTURE
           6.3.7 ENERGY STORAGE (PRIMARY & SECONDARY BATTERIES)
                    TABLE 21 CUBESAT BATTERY TECHNOLOGIES
    6.4 IMPACT OF MEGATRENDS 
           6.4.1 HYBRID BEAMFORMING METHODS
           6.4.2 DEVELOPMENT OF NEW-GENERATION CUBESAT FOR LUNAR EXPLORATION
           6.4.3 COGNITIVE RADIO (SDR-CR) TECHNOLOGY
           6.4.4 SHIFT IN GLOBAL ECONOMIC POWER
 
7 SMALL SATELLITE MARKET, BY MASS (Page No. - 104)
    7.1 INTRODUCTION 
           FIGURE 32 CUBESAT SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 22 SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
           TABLE 23 SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
    7.2 SMALL SATELLITE 
           TABLE 24 SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
           TABLE 25 SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
    7.3 MINISATELLITES (100–500 KG) 
           7.3.1 WIDELY USED FOR COMMUNICATION AND BROADBAND INTERNET
    7.4 MICROSATELLITES (10–100 KG) 
           7.4.1 CAN FUNCTION AS EFFECTIVE TACTICAL COMMUNICATION DEVICES FOR MILITARY APPLICATIONS
    7.5 NANOSATELLITES (1–10 KG) 
           7.5.1 USED FOR VARIOUS APPLICATIONS, SUCH AS EARTH OBSERVATION AND RECONNAISSANCE MISSIONS
    7.6 OTHERS (PICOSATELLITES AND FEMTOSATELLITES) 
    7.7 CUBESAT 
           TABLE 26 CUBE SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
           TABLE 27 CUBE SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
    7.8 0.25–0.5U 
           7.8.1 0.25–0.5U CUBESATS DEPLOYED FOR INTERPLANETARY MISSIONS
    7.9 1U 
           7.9.1 KEY FOCUS ON DEVELOPING 1U CUBESATS FOR COMMUNICATION
    7.10 2U 
           7.10.1 2U CUBESATS USED FOR TESTING EMERGING TECHNOLOGIES
    7.11 3U 
           7.11.1 3U CUBESATS USED FOR EARTH OBSERVATION AND TRAFFIC MONITORING
    7.12 6U 
           7.12.1 INCREASING DEMAND FOR 6U CUBESATS FOR SPACE SCIENCE MISSIONS TO DRIVE SEGMENT
    7.13 >12U 
           7.13.1 >12U CUBESATS USED IN DEEP SPACE MISSIONS AND RESEARCH
 
8 SMALL SATELLITE MARKET, BY SUBSYSTEM (Page No. - 112)
    8.1 INTRODUCTION 
           8.1.1 SUBSYSTEM: MARKET DRIVERS
                    FIGURE 33 PAYLOAD SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
                    TABLE 28 SMALL SATELLITE MARKET, BY SUBSYSTEM, 2019–2022 (USD MILLION)
                    TABLE 29 SMALL SATELLITE MARKET, BY SUBSYSTEM, 2023–2028 (USD MILLION)
    8.2 SATELLITE BUS 
           TABLE 30 SATELLITE BUS MARKET, BY SUBTYPE, 2019–2022 (USD MILLION)
           TABLE 31 SATELLITE BUS MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)
           8.2.1 ATTITUDE & ORBITAL CONTROL SYSTEM
                    8.2.1.1 Need for stability of payloads and pointing accuracy to drive segment
           8.2.2 COMMAND & DATA HANDLING (C&DH) SYSTEM
                    8.2.2.1 C&DH system controls overall operations of small satellites
           8.2.3 ELECTRICAL POWER SYSTEM (EPS)
                    8.2.3.1 Technological advancements in electrical power systems drive their demand
           8.2.4 PROPULSION SYSTEM
                    TABLE 32 PROPULSION SYSTEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
                    TABLE 33 PROPULSION SYSTEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    8.2.4.1 Chemical propulsion
                               8.2.4.1.1 Technological innovations to drive demand for chemical propulsion
                    8.2.4.2 Electric propulsion
                               8.2.4.2.1 Improved performance of new-generation systems to drive market
                    8.2.4.3 Hybrid propulsion
                               8.2.4.3.1 Demand for low-cost launch vehicles to drive segment
           8.2.5 TELEMETRY, TRACKING, & COMMAND (TT&C)
                    8.2.5.1 Need for effective communication between satellites and ground stations to fuel segment
           8.2.6 STRUCTURE
                    8.2.6.1 Standardized structures enable proper placement of systems in satellites
           8.2.7 THERMAL SYSTEM
                    8.2.7.1 Need for miniaturized thermal management systems to fuel market
    8.3 PAYLOAD 
           TABLE 34 PAYLOAD SYSTEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
           TABLE 35 PAYLOAD SYSTEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
           8.3.1 TRADITIONAL PAYLOADS
                    TABLE 36 TRADITIONAL PAYLOADS MARKET, BY TYPE, 2019–2022 (USD MILLION)
                    TABLE 37 TRADITIONAL PAYLOADS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    8.3.1.1 Optical & infrared
                               8.3.1.1.1 Increased demand for earth observation and remote sensing applications to drive segment
                    8.3.1.2 Hyperspectral & multispectral
                               8.3.1.2.1 Increased need for applications like mapping & remote sensing to drive demand
                    8.3.1.3 Radar
                               8.3.1.3.1 Need for high-resolution remote sensing to drive demand
                    8.3.1.4 Communication payload/transponder
                               8.3.1.4.1 Increasing need for efficient communication for small satellites to drive demand
                    8.3.1.5 Others
           8.3.2 SOFTWARE-DEFINED PAYLOADS
                    8.3.2.1 Use of software-defined technology for flexibility to alter space missions to drive segment
    8.4 SOLAR PANEL 
    8.5 SATELLITE ANTENNA 
           8.5.1 WIRE ANTENNAS
                    8.5.1.1 Monopole
                               8.5.1.1.1 Monopole antennas provide shorter signals with wider coverage area
                    8.5.1.2 Dipole
                               8.5.1.2.1 Dipole antennas used for radio transmitting and receiving applications
           8.5.2 HORN ANTENNAS
                    8.5.2.1 Horn antennas used for earth observation due to their wide range of frequency
           8.5.3 ARRAY ANTENNAS
                    8.5.3.1 Advancements in solid-state technology to make phased array antennas more cost-effective
           8.5.4 REFLECTOR ANTENNAS
                    8.5.4.1 Used as high-gain antennas in microwave relay
                    8.5.4.2 Parabolic reflectors
                               8.5.4.2.1 Parabolic reflectors used for point-to-point communication
                    8.5.4.3 Double reflectors
                               8.5.4.3.1 Double reflectors have better gain than other antennas
    8.6 OTHERS 
 
9 SMALL SATELLITE MARKET, BY APPLICATION (Page No. - 126)
    9.1 INTRODUCTION 
           9.1.1 APPLICATIONS: MARKET DRIVERS
                    FIGURE 34 COMMUNICATION SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
                    TABLE 38 SMALL SATELLITE MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 39 SMALL SATELLITE MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    9.2 COMMUNICATION 
           9.2.1 DEVELOPMENT OF EFFICIENT MINIATURE COMMUNICATION SYSTEMS TO DRIVE MARKET
    9.3 EARTH OBSERVATION 
           9.3.1 COMPACT NATURE OF SMALL SATELLITES LED TO EFFICIENT EARTH OBSERVATION AND REMOTE SENSING
    9.4 EDUCATION 
           9.4.1 ADVANCEMENTS IN TECHNOLOGY AND MINIATURIZATION OF SUBCOMPONENTS TO FACILITATE USE OF SMALL SATELLITES FOR NEW SPACE SCIENCE MISSIONS
    9.5 TECHNOLOGY 
           9.5.1 INCREASED INVESTMENTS IN SMALL SATELLITES TO DEVELOP BETTER NAVIGATION AND TRACKING TECHNOLOGIES TO DRIVE MARKET
    9.6 OTHERS 
           9.6.1 INCREASED FOCUS ON SECURITY AND SPACE EXPLORATION & OBSERVATION TO DRIVE MARKET
 
10 SMALL SATELLITE MARKET, BY END USE (Page No. - 132)
     10.1 INTRODUCTION 
             10.1.1 END USE: MARKET DRIVERS
                        FIGURE 35 COMMERCIAL SEGMENT TO HOLD LARGEST MARKET SHARE
                        TABLE 40 SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                        TABLE 41 SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
     10.2 COMMERCIAL 
             TABLE 42 SMALL SATELLITE MARKET, BY COMMERCIAL END USER, 2019–2022 (USD MILLION)
             TABLE 43 SMALL SATELLITE MARKET, BY COMMERCIAL END USER, 2023–2028 (USD MILLION)
             10.2.1 SATELLITE OPERATORS/OWNERS
                        10.2.1.1 Extensive use of small satellites for commercialization and data transferability to drive market
             10.2.2 MEDIA & ENTERTAINMENT
                        10.2.2.1 Increasing demand for on-demand and streaming information and entertainment to drive market
             10.2.3 ENERGY INDUSTRY
                        10.2.3.1 Demand for monitoring structural integrity of nuclear power stations to drive market
             10.2.4 SCIENTIFIC RESEARCH & DEVELOPMENT
                        10.2.4.1 Endless prospects in space research to create market opportunities
             10.2.5 OTHERS
     10.3 GOVERNMENT & DEFENSE 
             TABLE 44 SMALL SATELLITE MARKET, BY GOVERNMENT & DEFENSE END USER, 2019–2022 (USD MILLION)
             TABLE 45 SMALL SATELLITE MARKET, BY GOVERNMENT & DEFENSE END USER, 2023–2028 (USD MILLION)
             10.3.1 DEPARTMENT OF DEFENSE & INTELLIGENCE AGENCIES
                        10.3.1.1 Increasing demand for real-time data and imaging to trigger market growth
             10.3.2 NATIONAL SPACE AGENCIES
                        10.3.2.1 Small satellites lead to efficient Earth observation and remote sensing
             10.3.3 SEARCH AND RESCUE ENTITIES
                        10.3.3.1 Need for Earth observation for search & rescue operations to drive demand
             10.3.4 ACADEMIC & RESEARCH INSTITUTIONS
                        10.3.4.1 Increasing government support to train students in small satellite development to drive demand
             10.3.5 NATIONAL MAPPING & TOPOGRAPHIC AGENCIES
                        10.3.5.1 Increased investments in small satellites to improve GPS-based navigation to trigger demand
     10.4 DUAL-USE 
             10.4.1 INCREASING LAUNCHES OF SATELLITES FOR BETTER CONNECTIVITY AND PROVISION OF HIGH-SPEED DATA TO DRIVE MARKET
 
11 SMALL SATELLITE MARKET, BY FREQUENCY (Page No. - 140)
     11.1 INTRODUCTION 
             11.1.1 FREQUENCY: MARKET DRIVERS
                        FIGURE 36 KU-BAND SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
                        TABLE 46 SMALL SATELLITE MARKET, BY FREQUENCY, 2019–2022 (USD MILLION)
                        TABLE 47 SMALL SATELLITE MARKET, BY FREQUENCY, 2023–2028 (USD MILLION)
     11.2 L-BAND 
             11.2.1 EXTENSIVELY USED IN DATA COMMUNICATIONS AND TRAFFIC INFORMATION
     11.3 S-BAND 
             11.3.1 LOW DRAG AND LIGHTWEIGHT S-BAND ANTENNAS PREFERRED FOR SPACE OPERATIONS
     11.4 C-BAND 
             11.4.1 SMALL SATELLITES WITH C-BAND FREQUENCY USED FOR NAVIGATION PURPOSES
     11.5 X-BAND 
             11.5.1 INCREASED USE OF X-BAND TO PROVIDE HIGH-THROUGHPUT COMMUNICATION FROM SPACECRAFT TO GROUND STATIONS TO DRIVE MARKET
     11.6 KU-BAND 
             11.6.1 NEED FOR WIDER-RANGE DATA COMMUNICATION TO DRIVE DEMAND
     11.7 KA-BAND 
             11.7.1 KA-BAND ANTENNAS USED FOR HIGH-BANDWIDTH COMMUNICATION
     11.8 Q/V-BAND 
             11.8.1 Q/V BAND ANTENNAS REDUCE SIGNAL FADING AT HIGH-FREQUENCY BANDS
     11.9 HF/VHF/UHF-BAND 
             11.9.1 HF/VHF/UHF BAND ANTENNAS EXTENSIVELY USED FOR CUBESAT COMMUNICATION
     11.10 LASER/OPTICAL-BAND 
             11.10.1 LASER/OPTICAL BAND COMMUNICATION IN SPACE OPENS VIRTUALLY UNLIMITED CAPACITIES WITHOUT REGULATIONS
 
12 SMALL SATELLITE MARKET, BY ORBIT (Page No. - 145)
     12.1 INTRODUCTION 
             FIGURE 37 GEO SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
             TABLE 48 SMALL SATELLITE MARKET, BY ORBIT, 2019–2022 (USD MILLION)
             TABLE 49 SMALL SATELLITE MARKET, BY ORBIT, 2023–2028 (USD MILLION)
     12.2 LOW EARTH ORBIT (LEO) 
             12.2.1 INCREASED DEMAND FOR LEO CONSTELLATION SATELLITES DEVELOPED BY SPACEX TO DRIVE SEGMENT
     12.3 MEDIUM EARTH ORBIT (MEO) 
             12.3.1 INCREASING DEMAND FOR SATELLITE SERVICES FOR TELECOMMUNICATIONS & MOBILE BROADBAND APPLICATIONS TO FUEL SEGMENT GROWTH
     12.4 GEOSTATIONARY EARTH ORBIT (GEO) 
             12.4.1 GEO SATELLITES OPERATE AT HIGH ALTITUDES, AND PAYLOADS CARRIED BY THEM HAVE LONG LIFE EXPECTANCY
 
13 SMALL SATELLITE MARKET, BY REGION (Page No. - 149)
     13.1 INTRODUCTION 
             13.1.1 REGIONAL RECESSION IMPACT ANALYSIS
                        FIGURE 38 NORTH AMERICA ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023
                        TABLE 50 SMALL SATELLITE MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 51 SMALL SATELLITE MARKET, BY REGION, 2023–2028 (USD MILLION)
     13.2 NORTH AMERICA 
             13.2.1 PESTLE ANALYSIS: NORTH AMERICA
                        FIGURE 39 NORTH AMERICA: SMALL SATELLITE MARKET SNAPSHOT
                        TABLE 52 NORTH AMERICA: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                        TABLE 53 NORTH AMERICA: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                        TABLE 54 NORTH AMERICA: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                        TABLE 55 NORTH AMERICA: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 56 NORTH AMERICA: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                        TABLE 57 NORTH AMERICA: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
                        TABLE 58 NORTH AMERICA: SMALL SATELLITE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 59 NORTH AMERICA: SMALL SATELLITE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             13.2.2 US
                        13.2.2.1 Increasing use of small satellites in agriculture to drive market
                                     TABLE 60 US: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                                     TABLE 61 US: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                                     TABLE 62 US: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                     TABLE 63 US: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                     TABLE 64 US: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                                     TABLE 65 US: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
             13.2.3 CANADA
                        13.2.3.1 Government initiatives towards space exploration and earth observation to drive market
                                     TABLE 66 CANADA: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                                     TABLE 67 CANADA: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                                     TABLE 68 CANADA: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                     TABLE 69 CANADA: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                     TABLE 70 CANADA: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                                     TABLE 71 CANADA: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
     13.3 EUROPE 
             13.3.1 PESTLE ANALYSIS: EUROPE
                        FIGURE 40 EUROPE: SMALL SATELLITE MARKET SNAPSHOT
                        TABLE 72 EUROPE: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                        TABLE 73 EUROPE: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                        TABLE 74 EUROPE: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                        TABLE 75 EUROPE: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 76 EUROPE: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                        TABLE 77 EUROPE: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
                        TABLE 78 EUROPE: SMALL SATELLITE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 79 EUROPE: SMALL SATELLITE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             13.3.2 RUSSIA
                        13.3.2.1 Growing reliance on self-developed space systems to drive market
                                     TABLE 80 RUSSIA: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                                     TABLE 81 RUSSIA: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                                     TABLE 82 RUSSIA: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                     TABLE 83 RUSSIA: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                     TABLE 84 RUSSIA: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                                     TABLE 85 RUSSIA: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
             13.3.3 UK
                        13.3.3.1 Innovations in satellite technologies to drive market
                                     TABLE 86 UK: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                                     TABLE 87 UK: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                                     TABLE 88 UK: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                     TABLE 89 UK: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                     TABLE 90 UK: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                                     TABLE 91 UK: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
             13.3.4 GERMANY
                        13.3.4.1 Increasing demand for Earth observation and communication to drive market
                                     TABLE 92 GERMANY: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                                     TABLE 93 GERMANY: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                                     TABLE 94 GERMANY: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                     TABLE 95 GERMANY: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                     TABLE 96 GERMANY: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                                     TABLE 97 GERMANY: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
             13.3.5 FINLAND
                        13.3.5.1 Increasing partnerships among local companies to boost market
                                     TABLE 98 FINLAND: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                                     TABLE 99 FINLAND: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                                     TABLE 100 FINLAND: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                     TABLE 101 FINLAND: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                     TABLE 102 FINLAND: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                                     TABLE 103 FINLAND: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
             13.3.6 ITALY
                        13.3.6.1 Demand for Earth observation and science missions to drive market
                                     TABLE 104 ITALY: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                                     TABLE 105 ITALY: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                                     TABLE 106 ITALY: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                     TABLE 107 ITALY: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                     TABLE 108 ITALY: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                                     TABLE 109 ITALY: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
             13.3.7 REST OF EUROPE
                        TABLE 110 REST OF EUROPE: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                        TABLE 111 REST OF EUROPE: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                        TABLE 112 REST OF EUROPE: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                        TABLE 113 REST OF EUROPE: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 114 REST OF EUROPE: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                        TABLE 115 REST OF EUROPE: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
     13.4 ASIA PACIFIC 
             13.4.1 PESTLE ANALYSIS: ASIA PACIFIC
                        FIGURE 41 ASIA PACIFIC: SMALL SATELLITE SNAPSHOT
                        TABLE 116 ASIA PACIFIC: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                        TABLE 117 ASIA PACIFIC: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                        TABLE 118 ASIA PACIFIC: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                        TABLE 119 ASIA PACIFIC: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 120 ASIA PACIFIC: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                        TABLE 121 ASIA PACIFIC: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
                        TABLE 122 ASIA PACIFIC: SMALL SATELLITE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 123 ASIA PACIFIC: SMALL SATELLITE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             13.4.2 CHINA
                        13.4.2.1 Dependence on self-made space technology led to increased satellite launches in China
                                     TABLE 124 CHINA: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                                     TABLE 125 CHINA: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                                     TABLE 126 CHINA: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                     TABLE 127 CHINA: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                     TABLE 128 CHINA: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                                     TABLE 129 CHINA: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
             13.4.3 INDIA
                        13.4.3.1 Upcoming space initiatives to drive market
                                     TABLE 130 INDIA: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                                     TABLE 131 INDIA: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                                     TABLE 132 INDIA: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                     TABLE 133 INDIA: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                     TABLE 134 INDIA: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                                     TABLE 135 INDIA: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
             13.4.4 JAPAN
                        13.4.4.1 Involvement of private companies in government space programs to drive market
                                     TABLE 136 JAPAN: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                                     TABLE 137 JAPAN: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                                     TABLE 138 JAPAN: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                     TABLE 139 JAPAN: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                     TABLE 140 JAPAN: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                                     TABLE 141 JAPAN: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
             13.4.5 SOUTH KOREA
                        13.4.5.1 Increased government funding to provide significant opportunities for market growth
                                     TABLE 142 SOUTH KOREA: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                                     TABLE 143 SOUTH KOREA: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                                     TABLE 144 SOUTH KOREA: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                     TABLE 145 SOUTH KOREA: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                     TABLE 146 SOUTH KOREA: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                                     TABLE 147 SOUTH KOREA: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
             13.4.6 AUSTRALIA
                        13.4.6.1 Government support to new manufacturers for opening new facilities to drive market
                                     TABLE 148 AUSTRALIA: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                                     TABLE 149 AUSTRALIA: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                                     TABLE 150 AUSTRALIA: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                     TABLE 151 AUSTRALIA: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                     TABLE 152 AUSTRALIA: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                                     TABLE 153 AUSTRALIA: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
             13.4.7 REST OF ASIA PACIFIC
                        TABLE 154 REST OF ASIA PACIFIC: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                        TABLE 155 REST OF ASIA PACIFIC: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                        TABLE 156 REST OF ASIA PACIFIC: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                        TABLE 157 REST OF ASIA PACIFIC: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 158 REST OF ASIA PACIFIC: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                        TABLE 159 REST OF ASIA PACIFIC: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
     13.5 MIDDLE EAST & AFRICA 
             13.5.1 PESTLE ANALYSIS: MIDDLE EAST & AFRICA
                        FIGURE 42 MIDDLE EAST & AFRICA: SMALL SATELLITE MARKET SNAPSHOT
                        TABLE 160 MIDDLE EAST & AFRICA: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                        TABLE 161 MIDDLE EAST & AFRICA: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                        TABLE 162 MIDDLE EAST & AFRICA: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                        TABLE 163 MIDDLE EAST & AFRICA: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 164 MIDDLE EAST & AFRICA: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                        TABLE 165 MIDDLE EAST & AFRICA: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
                        TABLE 166 MIDDLE EAST & AFRICA: SMALL SATELLITE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 167 MIDDLE EAST & AFRICA: SMALL SATELLITE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             13.5.2 SAUDI ARABIA
                        13.5.2.1 Collaboration between government and universities for technological advancements in space systems to drive market
                                     TABLE 168 SAUDI ARABIA: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                                     TABLE 169 SAUDI ARABIA: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                                     TABLE 170 SAUDI ARABIA: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                     TABLE 171 SAUDI ARABIA: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                     TABLE 172 SAUDI ARABIA: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                                     TABLE 173 SAUDI ARABIA: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
             13.5.3 ISRAEL
                        13.5.3.1 Increased private investments in space technology to drive market
                                     TABLE 174 ISRAEL: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                                     TABLE 175 ISRAEL: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                                     TABLE 176 ISRAEL: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                     TABLE 177 ISRAEL: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                     TABLE 178 ISRAEL: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                                     TABLE 179 ISRAEL: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
             13.5.4 UAE
                        13.5.4.1 Need for advanced satellite systems for border control to drive market
                                     TABLE 180 UAE: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                                     TABLE 181 UAE: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                                     TABLE 182 UAE: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                     TABLE 183 UAE: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                     TABLE 184 UAE: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                                     TABLE 185 UAE: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
             13.5.5 REST OF MIDDLE EAST & AFRICA
                        TABLE 186 REST OF MIDDLE EAST & AFRICA: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                        TABLE 187 REST OF MIDDLE EAST & AFRICA: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                        TABLE 188 REST OF MIDDLE EAST & AFRICA: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                        TABLE 189 REST OF MIDDLE EAST & AFRICA: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 190 REST OF MIDDLE EAST & AFRICA: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                        TABLE 191 REST OF MIDDLE EAST & AFRICA: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
     13.6 LATIN AMERICA 
             13.6.1 PESTLE ANALYSIS: LATIN AMERICA
                        FIGURE 43 LATIN AMERICA: SMALL SATELLITE MARKET SNAPSHOT
                        TABLE 192 LATIN AMERICA: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                        TABLE 193 LATIN AMERICA: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                        TABLE 194 LATIN AMERICA: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                        TABLE 195 LATIN AMERICA: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 196 LATIN AMERICA: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                        TABLE 197 LATIN AMERICA: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
                        TABLE 198 LATIN AMERICA: SMALL SATELLITE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 199 LATIN AMERICA: SMALL SATELLITE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             13.6.2 MEXICO
                        13.6.2.1 Collaborative studies and CubeSat launch initiatives by universities to drive market
                                     TABLE 200 MEXICO: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                                     TABLE 201 MEXICO: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                                     TABLE 202 MEXICO: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                     TABLE 203 MEXICO: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                     TABLE 204 MEXICO: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                                     TABLE 205 MEXICO: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
             13.6.3 ARGENTINA
                        13.6.3.1 Increasing need for improving space situational awareness to drive market
                                     TABLE 206 ARGENTINA: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                                     TABLE 207 ARGENTINA: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                                     TABLE 208 ARGENTINA: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                     TABLE 209 ARGENTINA: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                     TABLE 210 ARGENTINA: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                                     TABLE 211 ARGENTINA: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
             13.6.4 REST OF LATIN AMERICA
                        TABLE 212 REST OF LATIN AMERICA: SMALL SATELLITE MARKET, BY MASS, 2019–2022 (USD MILLION)
                        TABLE 213 REST OF LATIN AMERICA: SMALL SATELLITE MARKET, BY MASS, 2023–2028 (USD MILLION)
                        TABLE 214 REST OF LATIN AMERICA: SMALL SATELLITE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                        TABLE 215 REST OF LATIN AMERICA: SMALL SATELLITE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 216 REST OF LATIN AMERICA: SMALL SATELLITE MARKET, BY END USE, 2019–2022 (USD MILLION)
                        TABLE 217 REST OF LATIN AMERICA: SMALL SATELLITE MARKET, BY END USE, 2023–2028 (USD MILLION)
 
14 COMPETITIVE LANDSCAPE (Page No. - 212)
     14.1 INTRODUCTION 
     14.2 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022 
             TABLE 218 SMALL SATELLITE MARKET: DEGREE OF COMPETITION
             FIGURE 44 SHARE OF TOP PLAYERS IN SMALL SATELLITE MARKET, 2022
             TABLE 219 KEY DEVELOPMENTS BY LEADING PLAYERS IN SMALL SATELLITE MARKET, 2019–2022
     14.3 RANKING ANALYSIS OF TOP 5 PLAYERS, 2022 
             FIGURE 45 MARKET RANKING OF LEADING PLAYERS IN SMALL SATELLITE MARKET, 2022
     14.4 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS, 2022 
     14.5 COMPANY PRODUCT FOOTPRINT ANALYSIS 
             TABLE 220 COMPANY PRODUCT FOOTPRINT
             TABLE 221 COMPANY SUBSYSTEM FOOTPRINT
             TABLE 222 COMPANY MASS FOOTPRINT
             TABLE 223 COMPANY REGIONAL FOOTPRINT
     14.6 COMPANY EVALUATION QUADRANT 
             14.6.1 STARS
             14.6.2 EMERGING LEADERS
             14.6.3 PERVASIVE PLAYERS
             14.6.4 PARTICIPANTS
                        FIGURE 46 MARKET COMPETITIVE LEADERSHIP MAPPING, 2022
             14.6.5 START-UP/SME EVALUATION QUADRANT
                        14.6.5.1 Progressive companies
                        14.6.5.2 Responsive companies
                        14.6.5.3 Starting blocks
                        14.6.5.4 Dynamic companies
                                     TABLE 224 SMALL SATELLITE MARKET: DETAILED LIST OF KEY START-UPS/SMES
                                     TABLE 225 COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
                                     FIGURE 47 SMALL SATELLITE MARKET (START-UPS) COMPETITIVE LEADERSHIP MAPPING, 2022
     14.7 COMPETITIVE SCENARIO AND TRENDS 
             14.7.1 PRODUCT LAUNCHES
                        TABLE 226 SMALL SATELLITE MARKET: PRODUCT LAUNCHES, 2019–MARCH 2023
             14.7.2 DEALS
                        TABLE 227 SMALL SATELLITE MARKET: DEALS, 2019–MARCH 2023
             14.7.3 OTHERS
                        TABLE 228 SMALL SATELLITE MARKET: OTHERS, 2019–MARCH 2023
 
15 COMPANY PROFILES (Page No. - 245)
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *  
     15.1 INTRODUCTION 
     15.2 KEY PLAYERS 
             15.2.1 LOCKHEED MARTIN CORPORATION
                        TABLE 229 LOCKHEED MARTIN CORPORATION: BUSINESS OVERVIEW
                        TABLE 230 LOCKHEED MARTIN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 231 LOCKHEED MARTIN CORPORATION: DEALS
             15.2.2 SIERRA NEVADA CORPORATION
                        TABLE 232 SIERRA NEVADA CORPORATION: BUSINESS OVERVIEW
                        TABLE 233 SIERRA NEVADA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 234 SIERRA NEVADA CORPORATION: DEALS
             15.2.3 L3HARRIS TECHNOLOGIES, INC.
                        TABLE 235 L3HARRIS TECHNOLOGIES, INC.: BUSINESS OVERVIEW
                        TABLE 236 L3HARRIS TECHNOLOGIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 237 L3HARRIS TECHNOLOGIES, INC.: DEALS
                        TABLE 238 L3HARRIS TECHNOLOGIES, INC.: OTHERS
             15.2.4 NORTHROP GRUMMAN CORPORATION
                        TABLE 239 NORTHROP GRUMMAN CORPORATION: BUSINESS OVERVIEW
                        TABLE 240 NORTHROP GRUMMAN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 241 NORTHROP GRUMMAN CORPORATION: DEALS
             15.2.5 AIRBUS DEFENCE AND SPACE
                        TABLE 242 AIRBUS DEFENCE AND SPACE: BUSINESS OVERVIEW
                        TABLE 243 AIRBUS DEFENCE AND SPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 244 AIRBUS DEFENCE AND SPACE: DEALS
             15.2.6 SURREY SATELLITE TECHNOLOGY LTD.
                        TABLE 245 SURREY SATELLITE TECHNOLOGY LTD.: BUSINESS OVERVIEW
                        TABLE 246 SURREY SATELLITE TECHNOLOGY LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 247 SURREY SATELLITE TECHNOLOGY LTD.: DEALS
                        TABLE 248 SURREY SATELLITE TECHNOLOGY LTD.: OTHERS
             15.2.7 THALES GROUP
                        TABLE 249 THALES GROUP: BUSINESS OVERVIEW
                        TABLE 250 THALES GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             15.2.8 GOMSPACE
                        TABLE 251 GOMSPACE: BUSINESS OVERVIEW
                        TABLE 252 GOMSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 253 GOMSPACE: DEALS
             15.2.9 PLANET LABS INC.
                        TABLE 254 PLANET LABS INC.: BUSINESS OVERVIEW
                        TABLE 255 PLANET LABS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 256 PLANET LABS INC.: DEALS
                        TABLE 257 PLANET LAB INC.: OTHERS
             15.2.10 RAYTHEON TECHNOLOGIES CORPORATION
                        TABLE 258 RAYTHEON TECHNOLOGIES CORPORATION: BUSINESS OVERVIEW
                        TABLE 259 RAYTHEON TECHNOLOGIES CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 260 RAYTHEON TECHNOLOGIES CORPORATION: DEALS
                        TABLE 261 RAYTHEON TECHNOLOGIES CORPORATION: OTHERS
             15.2.11 OHB SE
                        TABLE 262 OHB SE: BUSINESS OVERVIEW
                        TABLE 263 OHB SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 264 OHB SE: DEALS
                        TABLE 265 OHB SE: OTHERS
             15.2.12 MAXAR TECHNOLOGIES
                        TABLE 266 MAXAR TECHNOLOGIES: BUSINESS OVERVIEW
                        TABLE 267 MAXAR TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             15.2.13 SPACE EXPLORATION TECHNOLOGIES CORP. (SPACEX)
                        TABLE 268 SPACEX: BUSINESS OVERVIEW
                        TABLE 269 SPACEX: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 270 SPACEX: DEALS
                        TABLE 271 SPACEX: OTHERS
             15.2.14 AEROSPACE CORPORATION
                        TABLE 272 AEROSPACE CORPORATION: BUSINESS OVERVIEW
                        TABLE 273 AEROSPACE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 274 AEROSPACE CORPORATION: DEALS
                        TABLE 275 AEROSPACE CORPORATION: OTHERS
             15.2.15 MITSUBISHI ELECTRIC CORPORATION
                        TABLE 276 MITSUBISHI ELECTRIC CORPORATION: BUSINESS OVERVIEW
                        TABLE 277 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 278 MITSUBISHI ELECTRIC CORPORATION: DEALS
                        TABLE 279 MITSUBISHI ELECTRIC CORPORATION: OTHERS
             15.2.16 EXOLAUNCH GMBH
                        TABLE 280 EXOLAUNCH GMBH: BUSINESS OVERVIEW
                        TABLE 281 EXOLAUNCH GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 282 EXOLAUNCH GMBH: DEALS
                        TABLE 283 EXOLAUNCH GMBH: OTHERS
             15.2.17 PUMPKIN, INC.
                        TABLE 284 PUMPKIN, INC.: BUSINESS OVERVIEW
                        TABLE 285 PUMPKIN, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             15.2.18 BALL AEROSPACE & TECHNOLOGIES
                        TABLE 286 BALL AEROSPACE & TECHNOLOGIES: BUSINESS OVERVIEW
                        TABLE 287 BALL AEROSPACE & TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 288 BALL AEROSPACE & TECHNOLOGIES: OTHERS
             15.2.19 DAURIA AEROSPACE LTD.
                        TABLE 289 DAURIA AEROSPACE LTD.: BUSINESS OVERVIEW
                        TABLE 290 DAURIA AEROSPACE LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             15.2.20 AAC CLYDE SPACE
                        TABLE 291 AAC CLYDE SPACE: BUSINESS OVERVIEW
                        TABLE 292 AAC CLYDE SPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 293 AAC CLYDE SPACE: DEALS
                        TABLE 294 AAC CLYDE SPACE: OTHERS
             15.2.21 MILLENNIUM SPACE SYSTEMS, INC.
                        TABLE 295 MILLENNIUM SPACE SYSTEMS, INC.: BUSINESS OVERVIEW
                        TABLE 296 MILLENNIUM SPACE SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 297 MILLENNIUM SPACE SYSTEMS, INC.: OTHERS
     15.3 OTHER PLAYERS 
             15.3.1 ENDUROSAT
                        TABLE 298 ENDUROSAT: BUSINESS OVERVIEW
             15.3.2 SWARM TECHNOLOGIES
                        TABLE 299 SWARM TECHNOLOGIES: BUSINESS OVERVIEW
             15.3.3 NANOAVIONICS
                        TABLE 300 NANOAVIONICS: BUSINESS OVERVIEW
             15.3.4 ALÉN SPACE
                        TABLE 301 ALÉN SPACE: BUSINESS OVERVIEW
             15.3.5 NEARSPACE LAUNCH, INC.
                        TABLE 302 NEARSPACE LAUNCH, INC.: BUSINESS OVERVIEW
             15.3.6 SPIRE GLOBAL, INC.
                        TABLE 303 SPIRE GLOBAL, INC.: BUSINESS OVERVIEW
             15.3.7 EARTH-I, INC.
                        TABLE 304 EARTH-I, INC.: BUSINESS OVERVIEW
             15.3.8 TERRAN ORBITAL
                        TABLE 305 TERRAN ORBITAL: BUSINESS OVERVIEW
             15.3.9 ALBA ORBITAL
                        TABLE 306 ALBA ORBITAL: BUSINESS OVERVIEW
             15.3.10 SATELLOGIC
                        TABLE 307 SATELLOGIC: BUSINESS OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.  
 
16 APPENDIX (Page No. - 322)
     16.1 DISCUSSION GUIDE 
             16.1.1 SMALL SATELLITE MARKET (2023–2028)
             16.1.2 SECTION-1: INTRODUCTION
             16.1.3 SECTION-2: MARKET DYNAMICS
     16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     16.3 CUSTOMIZATION OPTIONS 
     16.4 RELATED REPORTS 
     16.5 AUTHOR DETAILS 
 

 

The study involved four major activities in estimating the current size of the small satellite market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

The ranking analysis of companies in the small satellite market was carried out using secondary data from paid and unpaid sources, as well as by analyzing the product portfolios and service offerings of key companies operating in the market. These companies were rated based on the performance and quality of their products. These data points were further validated by primary sources.

Secondary sources referred for this research study included the European Space Agency (ESA), the National Aeronautics and Space Administration (NASA), the United Nations Conference on Trade and Development (UNCTAD), the Satellite Industry Association (SIA), corporate filings such as annual reports, investor presentations, and financial statements of trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall size of the market, which was validated by primary respondents.

Primary Research

Extensive primary research was conducted after obtaining information regarding the small satellite market scenario through secondary research. Several primary interviews were conducted with market experts from both, the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Primary data was collected through questionnaires, emails, and telephonic interview. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors, from business development, marketing, product development/innovation teams, and related key executives from small satellite vendors; system integrators; component providers; distributors; and key opinion leaders.

Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, application, vertical, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs, and installation teams of the customer/end users who are using small satellite were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of small satellite and future outlook of their business which will affect the overall market.

Small Satellite Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Small Satellite Manufacturers

Others

Surrey Satellite Technology Ltd.

Head of International Business

Manatsu Space

Co-Founder

YSPM, LLC

CEO & Principal Consultant

Sapienza Universita di Roma

Research Scholar

Space Generation Advisory Council

PR & Communication Coordinator

Australian Youth CubeSat Initiative

Project Advisor

Market Size Estimation

The research methodology used to estimate the size of the small satellite market includes the following details.

  • The top-down and bottom-up approaches were used to estimate and validate the size of the small satellite market. The research methodology used to estimate the market size includes the following details.
  • The key players were identified through secondary research, and their market ranking was determined through primary and secondary research. This included a study of the annual and financial reports of the top market players and extensive interviews of leaders, including chief executive officers (CEO), directors, and marketing executives.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.

Global small satellite market size: Bottom-Up Approach

The small satellite market, by application and mass, was used as a primary segment for estimating and projecting the global market size from 2023 to 2028.

The market size was calculated by adding the mass subsegments mentioned below, and the different methodologies adopted for each to arrive at the market numbers are delineated below:

Small Satellite Market Size, and Bottom-Up Approach

Global small satellite market Size: Top-Down Approach

In the top-down approach, the overall market size was used to estimate the size of individual markets (mentioned in the market segmentation) acquired through percentage splits from secondary and primary research. The size of the immediate parent market was used to implement the top-down approach and calculate specific market segments. The bottom-up approach was also implemented to validate the revenues obtained for various market segments.

  • Companies manufacturing small satellites and their subsystems are included in the report.
  • The total revenue of these companies was identified through their annual reports and other authentic sources. In cases where annual reports were unavailable, the company revenue was estimated based on the number of employees, sources such as Factiva, ZoomInfo, press releases, and any publicly available data.
  • Company revenue was calculated based on their operating segments.
  • All publicly available company contracts related to small satellites were mapped and summed up.

Based on these parameters (contracts, agreements, partnerships, joint ventures, product matrix, secondary research), the share of small satellites in each segment was estimated

Small Satellite Market Size, and Top-Down Approach

Data Triangulation

After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Report Objectives

  • To define, describe, segment, and forecast the size of the small satellite market based on application, frequency, mass, subsystem , end-use orbit and region
  • To forecast the market size of segments with respect to various regions, including North America, Europe, Asia Pacific, Latin America, Middle East & Africa, along with major countries in each region
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the small satellite market
  • To analyze technological advancements and product launches in the market
  • To strategically analyze micro markets, with respect to their growth trends, prospects, and their contribution to the market
  • To identify financial positions, key products, and key developments of leading companies in the market
  • To provide a detailed competitive landscape of the market, along with market share analysis
  • To provide a comprehensive analysis of business and corporate strategies adopted by the key players in the market
  • To strategically profile key players in the market and comprehensively analyze their core competencies.

Market Definition

Small satellites are miniaturized, low-cost satellites designed for commercial, communication, and space research purposes. According to the National Aeronautics and Space Administration (NASA), small satellites are classified according to their mass in kilograms (kg). The launch mass of a small satellite can be considered below 500 kg.

These satellites are used for Earth observation & remote sensing, communication, mapping & navigation, surveillance & security, meteorology, scientific research & exploration, space observation, and various other applications by the defense, civil, commercial, and government verticals.

Market Stakeholders

  • Satellite Component Manufacturers
  • Satellite Manufacturers
  • Satellite Integrators
  • Launch Service Providers
  • Government and Civil Organizations Related to the Market
  • Small Satellite Companies
  • Payload Suppliers
  • Scientific Institutions
  • Meteorological Organizations
  • Component Suppliers
  • Technologists
  • R&D Staff

Available Customizations

MarketsAndMarkets offers the following customizations for this market report:

  • Additional country-level analysis of the small satellite market
  • Profiling of additional market players (up to 5)

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the small satellite market
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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