Market Overview

Global Small Satellite Market Outlook to 2023: A $6.91 Billion Opportunity -


The "Global
Small Satellite Market - Segmented by Type (Mini-satellite,
Micro-satellite, Nano-satellite, Pico-satellite, Femto-satellite), End
User (Civil, Commercial, Defense), and Region - Growth, Trends, and
Forecast (2018 - 2023)"
report has been added to's

The global small satellite market was valued at USD 2.69 billion in
2017, and is expected to reach USD 6.91 billion by 2023, growing at a
CAGR of 17.05% over the forecast period (2018-2023).

More than 500 small satellites are expected to be launched in the next
five years. The United States is the most proactive participant in small
satellite deployment, followed by Russia, Japan, China, and India.

Huge Investments by Venture Companies is Driving Market Growth

Most venture companies are showing interest towards making investments
in satellites. For instance, Softbank is actively looking for making
investments in the satellites industry.

Other factors like satellite miniaturization and increasing focus on
reducing mission costs are also driving the growth of the market. Lack
of dedicated launch vehicles to launch small satellites into space,
design-related limitations, and programmatic risks involved in the
products are hindering market growth.

Defense Holds a Large Share

Owing to their performance upgrades and potential to deliver an enhanced
payload, small satellites find various applications in the defense
industry. In addition, the navy and army have been identified to
increasingly use small satellites for tactical and low-bandwidth

Lockheed Martin recently financed Rocket Lab, a startup based out of New
Zealand. The carbon-composite rocket built by Rocket Lab is expected to
allow companies to launch small satellites into orbit, for less than USD
5 million. This drastic reduction in cost of deploying small satellites
is expected to further reinforce investments being made by defense
industries, worldwide, as observation and monitoring become increasingly
crucial to mitigate terrorist threats and activities.

Notable Development in the Market

  • Airbus has been selected by the European Space Agency (ESA) to be one
    of the four suppliers for DIAS, the Copernicus Data and Information
    Access Service.

Companies Profiled

  • Airbus Defense and Space
  • Thales Group
  • ST Engineering Limited
  • Surrey Satellite Technology
  • Space Exploration Technologies
  • Sierra Nevada Corporation
  • Thales Alenia Space
  • Planet Labs
  • Millennium Space Systems
  • Geooptics
  • Harris Corporation
  • Spire Global
  • Northrop Grumman Corporation

Key Topics Covered

1. Introduction

2. Research Approach and Methodology

3. Executive Summary

4. Market Insights

5. Market Dynamics

6. Technology Snapshot

7. Global Small Satellite Segmentation

8. Competitive Intelligence - Company Profiles

9. Investment Analysis

10. Outlook of the Market

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