US Small Satellite Market

The report "US Small Satellite Market by Mass (Small, Mini, Micro, Nano, Cube), Subsystem (Satellite Buses, Payloads, Solar Panels, Satellite Antennas, Other Subsystems), Application, End Use, Frequency, Orbit - Forecast to 2029" The US Small Satellite Market is forecasted to reach USD 7.41  billion in 2029 from USD 3.10 billion in 2024, growing at a CAGR of 8.0%. The growth of the small satellite market in the US can be attributed to the significant presence of key manufacturers of satellite payload systems, including SpaceX, Sierra Nevada Corporation, L3Harris Technologies, Inc., Lockheed Martin Corporation, and Northrop Grumman. The increasing use of small satellites across various sectors, especially in defense & security, maritime, and transportation & logistics, is expected to drive market growth. These satellites are crucial for tracking incoming missiles and providing detailed insights at a granular level through satellite imagery, especially for US defense purposes. In January 2024, the US Space Development Agency (SDA) awarded Lockheed Martin Corporation (US) a contract worth USD 890 million to build 18 space vehicles as part of its Tranche 2 Tracking Layer constellation. Under this contract, Lockheed Martin will provide 16 wide field-of-view missile warning/missile tracking space vehicles with infrared sensors and two additional space vehicles for missile defense infrared sensors to generate fire control-quality tracks to provide preliminary missile defense mission capabilities.

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Small accounted for the dominant share of the US Small Satellite market in 2024.

Based on the mass, the Small Satellite market is divided into nano, micro, mini, cube, and small. In 2024, the small mass dominated the Small Satellite market in the US. The small satellite market in the US is driven by the growing demand for cost-effective, versatile, and highly efficient satellite solutions. The small mass segment benefits from lower launch costs, compact size, and scalable capabilities, making them ideal for commercial and defense applications. The increased use of small satellites in sectors such as agriculture, defense, and telecommunications has accelerated their adoption, as they provide real-time data transmission, global coverage, and enhanced situational awareness. The ease of deployment and integration into existing satellite constellations are further boosting the growth of small satellites. Moreover, advancements in satellite miniaturization technologies and the ongoing development of small satellite infrastructure by key US-based manufacturers are strengthening the position of the small mass segment, ensuring its dominance in the market.

Government & defense segment is likely to grow at a significant CAGR during the forecast period in US Small Satellite market.

Based on end use, the Small Satellite market is categorized into commercial, government & defense and dual use. During the forecast period, the government & defense segment accounted for the fastest-growing CAGR in the Small Satellite market in the US. The primary drivers of this growth include the increased need for flexible and highly reliable SATCOM solutions to support both commercial aviation and military applications. The integration of SATCOM systems into platforms such as aircraft, drones, and military satellites is contributing to the rise of airborne SATCOM. Furthermore, the growing demand for real-time data transmission and secure communications across remote locations is pushing the market forward. Advancements in satellite technology, including the deployment of small satellites in Low Earth Orbit (LEO), enable enhanced global connectivity and provide critical infrastructure for military operations. The competitive pricing of these technologies, combined with the development of cost-effective solutions by US manufacturers, further accelerates the growth of the government & defense segment in the small satellite market.

Small Satellite market players include SpaceX (US), Lockheed Martin Corporation (US), Northrop Grumman (US), L3 Harris Technologies, Inc. (US), Terran Orbital Corporation (US), SNC (Sierra Nevada Corporation) (US), RTX (US), Planet Labs PBC (US), The Aerospace Corporation (US), Kuiper Systems LLC (US) and MDA (MDA Corporation) (US).

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