Small Satellite Market

Market Leader - Small Satellite Market

The global Small Satellite market size is projected to grow from USD 2.8 billion in 2020 to USD 7.1 billion by 2025, at a CAGR of 20.5% from 2020 to 2025. The market is driven by various factors, such as the growing demand for LEO-based services , demand for Earth observation imagery and analytics and increasing in number of space exploration missionsare the major drivers of small satellite ma rket.

Sierra Nevada Corporation (US), L3 Harris Technologies (US), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), and Airbus Defense and Space (Netherlands)  among others, are some of the leading players operating in the small satellite  Market. These players have adopted various organic and inorganic growth strategies to strengthen their position in the market. These include new product developments, contracts, partnerships, expansions, agreements, acquisitions, and research & development (R&D) activities further to expand their presence in the small satellite Market.

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Sierra Nevada Corporation (SNC) (US) is the leading player in the small satellite market. The company operates through a network of facilities in the US, the UK, Germany, and Turkey. SNC is headquartered in Sparks, Nevada. SNCs Space Systems business area designs and manufactures advanced spacecraft and satellite solutions, space habitats and environmental systems, propulsion systems, precision space mechanisms and subsystems, and SNCs celebrated Dream Chaser spacecraft. With 30 years of space heritage working with the US government, commercial customers, and the international market, SNC has participated in more than 450 successful space missions and delivered 4,000+ systems, subsystems, and components around the world. In May 2020, SNC’s Dream Chaser spacecraft, known as “America’s Spaceplane™,” which is the world’s only non-capsule, commercial spacecraft capable of a runway landing, received a NASA contract to perform cargo delivery and disposal services from the International Space Station.

Lockheed Martin Corporation (US)secures the 2nd position in the small satellite market. The company develops, delivers, and supports aerospace & defense systems, and operates through four segments, namely, Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Lockheed Martin provides small satellite solutions with powerful and flexible buses to meet every mission. These small satellites cater to applications like earth imaging, remote sensing, communications, and next-generation intelligence, surveillance, and reconnaissance capabilities In April 2020, Lockheed Martin received a USD 5.8 million contract from Defense Advanced Research Projects Agency (US) to deploy a constellation of 20 small satellites to demonstrate that a low-Earth orbit system can provide global high-speed communications.

L3Harris Technologies Inc (US) ranks 3rd in the small satellite market. It is a key player in the US market, generating approximately 81% of its revenue from the country. The space & intelligence systems segment offers integrated system solutions for businesses, governments, and other organizations to make operational decisions that save time and money. Additionally, L3Harris provides high-end optics, patented structures, and outstanding image quality solutions to offer affordable coverage through the SpaceView™ line of high-performance, small satellite imaging payloads. In July 2020, L3Harris received a contract from the US Air Force for developing a constellation of small spy satellites. The constellation of small satellites will provide imagery to military operators on the ground. The company will task, command, and control the satellite system, as well as perform onboard processing of data, to deliver imagery products directly to warfighters.

Northrop Grumman Corporation (US) secures the 4th position in the small satellite market. The company has a strong presence in the US, with approximately 85% of its revenue being generated from the US. The Aerospace Systems segment designs, develops, integrates, and produces manned aircraft, autonomous systems, small satellites, spacecraft, high-energy laser systems, microelectronics, and other systems/subsystems. Aerospace Systems customers, primarily the DoD and other government agencies of the US, use these systems in mission areas, including intelligence, surveillance and reconnaissance (ISR), strike operations, communications, earth observation, space science, and space exploration.In January 2020, Northrop Grumman received a USD 253.5 million contract from the US Space Force to develop a cyber-secure communications payload that could be deployed on military or commercial satellites.

Airbus Defense and Space (ADS) (Netherlands) ranks 5th in the small satellite market and has a strong global presence. The Space Systems business line of the company designs, develops, and manufactures satellite systems, platforms, payloads, ground infrastructures, and space equipment. Its satellites are used for military and civil telecommunication, earth observation, scientific or exploration, and navigation applications. ADS provides earth observation satellite systems, including ground infrastructures for a wide range of applications, such as military reconnaissance and surveillance, cartography, weather forecasting, climate monitoring, agricultural and forestry management, and water resource management.In May 2020, ADS received a contract from NASA to gain access to Earth observation data through the Commercial Smallsat Data Acquisition Program (CSDAP).

Related Reports:

Small Satellite Market by Mass (Nanosatellite, Microsatellite, Minisatellite, CubeSat), Subsystem (Satellite Bus, Payload, Satellite Antenna, Solar Panels), Application, NGEO Orbit, End User, Frequency, and Region - Global Forecast to 2025

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Report Code
AS 4259
RI Published ON
8/7/2020
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