Enjoy complimentary customisation on priority with our Enterprise License!
The small satellite market size is estimated to increase by USD 6.01 billion, at a CAGR of 21.22% between 2023 and 2028. Market growth is influenced by several factors, including the deployment of cost-effective solutions through micro- and nanosatellites, an increasing application of satellites in commercial sectors, and a rise in satellite production and launches. Additionally, the expanding use of commercial satellite imaging is set to transform the space industry. Small satellites, which typically weigh from a few grams to several hundred kilograms, are designed to minimize launch vehicle and construction costs. Their mass production capabilities allow for more affordable pricing. Primarily, these satellites collect scientific data and facilitate radio communication. Businesses of all sizes can utilize these satellites, as they are priced to accommodate various budgets. Due to shorter development cycles, small spacecraft can be manufactured and sold at lower costs compared to larger satellites. Their compact size and ease of deployment enable a higher number of these satellites to orbit the earth effectively.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.