Small Satellite Market Share, Trends, and Analysis by 2031
Small Satellite Market: Strategic Insights
Small Satellite Market
-
CAGR (2023 - 2031)27.1% -
Market Size 2023
US$ 3.81 billion -
Market Size 2031
US$ 25.94 billion
Market Dynamics
GROWTH DRIVERS
- Growing Support for Development of Small Satellite
- Increasing Number of Partnerships and Contracts
FUTURE TRENDS
- Rising Adoption of Small Satellites for Military Applications
OPPORTUNITIES
- Growing IoT and Communication Applications
- Rising Production of Smallsats for Beyond LEO Orbit Launches
Key Players
- 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
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type - Nanosatellite
- Microsatellite
Payload - Automatic Identification System
- Transmitter
- Imaging Devices
Application - Earth Observation
- Communication & Navigation
- Scientific Research
Vertical - Government
- Military
- Commercial
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