Small Satellite Market Scope And Analysis

Report Code : TIPAD00002266
Category : Aerospace and Defense

No. of Pages : 150

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Small Satellite Market Analysis Report 2024 to 2031

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Small Satellite Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 3.81 billion
Market Size by 2031	US$ 25.94 billion
Global CAGR (2023 - 2031)	27.1%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Type Nanosatellite Microsatellite By Payload Automatic Identification System Transmitter Imaging Devices By Application Earth Observation Communication & Navigation Scientific Research By Vertical Government Military Commercial
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Dauria Aerospace GomSpace Group AB Lockheed Martin Corporation Northrop Grumman Corporation Raytheon Technologies Corporation Sierra Nevada Corportation Surrey Satellite Technology Ltd Swarm Technologies Inc Thales SA Tyvak International SRL

Small Satellite Market News and Recent Developments

The small satellite market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:

In 2022, The Space Development Agency (SDA) has given Lockheed Martin a prototype contract for the development and production of 42 small satellites, with a potential value of almost $700 million. These satellites are a part of Tranche 1, the agency's Transport Layer's initial warfighting capabilities, which will link Earth's other domains with space in a highly capable, networked environment known as Joint All-Domain Operations. (Source: SDA, Press Release)
In 2022, Terran Orbital Taps into Booming Small Satellite Market. The company expanded its satellite business and announced plans to build a new manufacturing facility in Florida. (Source: Terran Orbital, Newsletter)

Small Satellite Market Report Coverage and Deliverables

The “Small Satellite Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering the following areas:

Small Satellite Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Market dynamics such as drivers, restraints, and key opportunities
Small Satellite Market trends
Detailed Porter’s Five Forces
Small Satellite Market analysis covering key market trends, Global and regional framework, major players, regulations, and recent market developments
Small Satellite Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
Detailed company profiles