Summary

The small satellite market is projected to grow from USD 9.35 billion in 2025 to USD 32.13 billion by 2030, with a CAGR of 28.0%. The increasing demand for small satellites is driven by the growing need for affordable, easy-to-deploy space systems that support Earth observation, communication, and real-time monitoring services.

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“By system, the satellite bus segment is expected to hold the largest market share.”
The satellite bus segment is expected to hold the largest share in the small satellite market during the forecast period and is anticipated to capture the largest part of the overall small satellite market because of the growing need for reliable platforms capable of supporting propulsion, power, communication, and payload operations across multiple missions. Additionally, the shift toward creating a modular and standardized bus design by manufacturers allows them to save money and reduce the time needed to design satellites.
“By mass, the mini satellite segment is expected to record the highest CAGR.”
The mini satellite segment is expected to record the highest CAGR during the forecast period, driven by the growing use of mini satellites for various applications such as Earth observation, communication, and defense that demand high payload capabilities and long mission durations. These satellites are a good balance between performance and cost; therefore, they are more accessible to both government and commercial programs.
“North America is expected to be the leading regional market.”
North America is expected to be the largest market during the forecast period, driven by various factors such as ongoing support from US government agencies for their respective satellite programs. Increased commercial satellite launches in the region, along with the presence of leading satellite manufacturers and launch service providers, are further propelling the market. Continued investment in satellite constellations and space infrastructure also strengthens the region’s market position.
The break-up of the profile of primary participants in the small satellite market:

? By Company Type: Tier 1 ? 35%, Tier 2 ? 45%, and Tier 3 ? 20%
? By Designation: Directors? 25%, Managers ? 35%, Others ? 40%
? By Region: North America ? 30%, Europe ? 10%, Asia Pacific ? 40%, Middle East-15%, Latin America-3%, Africa-2%
SpaceX (US), Airbus Defence and Space (France), MDA Space (Canada), China Aerospace Science and Technology Corporation (China), and Thales Alenia Space (France) are the top five key players in the small satellite market. These key players provide connectivity solutions across various sectors and have robust distribution networks throughout North America, Europe, Asia Pacific, the Middle East, and the Rest of the World.

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Research Coverage:
The study examines the small satellite market across various segments and subsegments. It aims to estimate the market size and growth potential in different areas based on mass, system, application, orbit, propulsion technology, customer, and region. This report also includes an in-depth competitive analysis of major market players, detailing their company profiles, solutions, recent developments, and key strategies. The report segments the small satellite market into five main regions: North America, Europe, Asia Pacific, the Middle East, and the Rest of the World, along with their key countries. It provides detailed insights into critical factors such as drivers, restraints, challenges, and opportunities that impact market growth. A thorough analysis of leading industry players offers insights into their business profiles, solutions, and services. This analysis covers important aspects like agreements, collaborations, new product launches, contracts, expansions, acquisitions, and partnerships related to the small satellite market.
Reasons to buy this report:
This report is a valuable resource for market leaders and newcomers in the small satellite market, providing data that closely estimates revenue figures for both the overall market and its subsegments. It gives stakeholders a comprehensive understanding of the competitive landscape, supporting informed decisions to improve their market position and develop effective go-to-market strategies. The report offers important insights into market dynamics, including key factors such as drivers, restraints, challenges, and opportunities, helping stakeholders stay attuned to the market’s pulse.
The report provides insights into the following pointers:
? Analysis of key drivers, such as the rapid growth of small satellite constellations, exploration missions, and Earth observation operations
? Market Penetration: Comprehensive information on small satellite solutions offered by the top players in the market
? Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the small satellite market
? Market Development: Comprehensive information about lucrative markets ? the report analyzes the small satellite market across varied regions
? Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the small satellite market
? Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in the small satellite market

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Table of Contents

1 INTRODUCTION 28
1.1 STUDY OBJECTIVES 28
1.2 MARKET DEFINITION 28
1.2.1 INCLUSIONS AND EXCLUSIONS 29
1.3 STUDY SCOPE 30
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 30
1.3.2 YEARS CONSIDERED 31
1.4 CURRENCY CONSIDERED 31
1.5 STAKEHOLDERS 31
1.6 SUMMARY OF CHANGES 32
2 EXECUTIVE SUMMARY 33
2.1 KEY INSIGHTS AND MARKET HIGHLIGHTS 33
2.2 KEY MARKET PARTICIPANTS: MAPPING OF STRATEGIC DEVELOPMENTS 34
2.3 HIGH-GROWTH SEGMENTS 35
2.4 REGIONAL SNAPSHOT: MARKET SIZE, GROWTH RATE, AND FORECAST 36
2.5 BUSINESS MODELS 37
2.6 TOTAL COST OF OWNERSHIP 39
2.7 BILL OF MATERIALS 40
3 PREMIUM INSIGHTS 42
3.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SMALL SATELLITE MARKET 42
3.2 SMALL SATELLITE MARKET, BY APPLICATION 42
3.3 SMALL SATELLITE MARKET, BY PROPULSION TECHNOLOGY 43
3.4 SMALL SATELLITE MARKET, BY SYSTEM 43
4 MARKET OVERVIEW 44
4.1 INTRODUCTION 44
4.2 MARKET DYNAMICS 44
4.2.1 DRIVERS 45
4.2.1.1 Expansion of low Earth orbit (LEO) constellations for broadband and Earth observation 45
4.2.1.2 Growing adoption for intelligence, surveillance, and reconnaissance (ISR), positioning, navigation, and timing (PNT), and tactical communications by governments 45
4.2.1.3 Lower manufacturing and launch costs enabling faster refresh cycles 45
4.2.1.4 Growth of downstream applications requiring high-revisit data 46
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4.2.2 RESTRAINTS 46
4.2.2.1 Limited on-orbit lifespan and higher replacement frequency 46
4.2.2.2 Spectrum and orbital slot congestion 46
4.2.3 OPPORTUNITIES 46
4.2.3.1 Growth of hosted payloads and modular missions 46
4.2.3.2 Emergence of in-orbit services for small satellites 47
4.2.3.3 Increasing investments in space agencies 47
4.2.4 CHALLENGES 47
4.2.4.1 Space debris, collision avoidance, and compliance burden 47
4.2.4.2 Supply chain disruptions 48
4.3 UNMET NEEDS AND WHITE SPACES IN SMALL SATELLITE MARKET 48
4.4 INTER-CONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES 48
4.5 STRATEGIC MOVES BY TIER 1/2/3 PLAYERS 49
5 INDUSTRY TRENDS 50
5.1 INTRODUCTION 50
5.2 MACROECONOMIC INDICATORS 50
5.2.1 GDP TRENDS AND FORECAST 50
5.2.2 INTRODUCTION 50
5.2.3 GDP TRENDS AND FORECAST 50
5.2.4 TRENDS IN GLOBAL SPACE INDUSTRY 52
5.3 VALUE CHAIN ANALYSIS 53
5.4 ECOSYSTEM ANALYSIS 54
5.4.1 PROMINENT COMPANIES 54
5.4.2 PRIVATE AND SMALL ENTERPRISES 54
5.4.3 END USERS 54
5.5 TRADE DATA 56
5.5.1 IMPORT SCENARIO (HS CODE 880260) 56
5.5.2 EXPORT SCENARIO (HS CODE 880260) 57
5.6 KEY CONFERENCES AND EVENTS, 2026-2027 58
5.7 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESSES 59
5.8 INVESTMENT AND FUNDING SCENARIO 60
5.9 PRICING ANALYSIS 60
5.9.1 INDICATIVE PRICING ANALYSIS 60
5.9.2 AVERAGE SELLING PRICING ANALYSIS 61
5.10 USE CASE ANALYSIS 61
5.10.1 USE CASE 1: HIGH-REVISIT EARTH OBSERVATION USING SMALL SATELLITES 61
5.10.2 USE CASE 2: GLOBAL BROADBAND AND REMOTE CONNECTIVITY VIA
SMALL SATELLITE CONSTELLATIONS 62
5.10.3 USE CASE: WEATHER, MARITIME, AND AVIATION MONITORING USING
SMALL SATELLITES 62
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6 CUSTOMER LANDSCAPE & BUYER BEHAVIOR 63
6.1 DECISION-MAKING PROCESS 63
6.2 BUYER STAKEHOLDERS AND BUYING EVALUATION CRITERIA 64
6.2.1 KEY STAKEHOLDERS IN BUYING PROCESS 64
6.2.2 BUYING CRITERIA 65
6.3 ADOPTION BARRIERS & INTERNAL CHALLENGES 66
7 TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS 67
7.1 KEY EMERGING TECHNOLOGIES 67
7.1.1 ELECTRIC PROPULSION FOR ORBIT CONTROL AND MANEUVERING 67
7.1.2 MINIATURIZATION 67
7.2 COMPLEMENTARY TECHNOLOGIES 67
7.2.1 GROUND SEGMENT VIRTUALIZATION AND CLOUD-BASED OPERATIONS 67
7.2.2 HYPERSPECTRAL AND MULTISPECTRAL IMAGING 68
7.3 TECHNOLOGY ROADMAP 68
7.4 EMERGING TECHNOLOGY TRENDS 69
7.5 PATENT ANALYSIS 69
7.6 FUTURE APPLICATIONS 71
7.7 IMPACT OF AI/ GENAI ON SMALL SATELLITE MARKET 73
7.7.1 TOP USE CASES AND MARKET POTENTIAL 74
7.7.2 BEST PRACTICES IN SMALL SATELLITE MARKET 74
7.7.3 CASE STUDIES OF AI IMPLEMENTATION IN SMALL SATELLITE MARKET 75
7.7.4 INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS 75
7.7.5 CLIENTS’ READINESS TO ADOPT GENAI IN SMALL SATELLITE MARKET 75
7.8 SUCCESS STORIES AND REAL-WORLD APPLICATIONS 76
7.8.1 SPACEX: SCALING SMALL SATELLITES INTO GLOBAL CONNECTIVITY INFRASTRUCTURE 76
7.8.2 PLANET LABS: ENABLING CONTINUOUS EARTH MONITORING THROUGH HIGH-REVISIT SMALL SATELLITE CONSTELLATIONS 76
7.8.3 ICEYE ? DELIVERING ALL-WEATHER, MISSION-CRITICAL INTELLIGENCE USING SMALL SYNTHETIC APERTURE RADAR (SAR) SATELLITES 76
8 SUSTAINABILITY AND REGULATORY LANDSCAPE 77
8.1 REGIONAL REGULATIONS AND COMPLIANCE 77
8.1.1 TARIFF DATA 77
8.1.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
8.2 REGULATORY FRAMEWORK 80
8.2.1 NORTH AMERICA 80
8.2.2 EUROPE 80
8.2.3 ASIA PACIFIC 81
8.2.4 MIDDLE EAST 81
8.2.5 LATIN AMERICA AND AFRICA 81
8.2.6 INDUSTRY STANDARDS 81
8.3 SUSTAINABILITY INITIATIVES 82
8.4 SUSTAINABILITY IMPACT AND REGULATORY POLICY INITIATIVES 83
8.5 CERTIFICATIONS, LABELING, AND ECO-STANDARDS 83
9 SMALL SATELLITE MARKET, BY MASS 84
9.1 INTRODUCTION 85
9.2 ORBIT-LEVEL DEPLOYMENT OF SMALL SATELLITES BASED ON MASS CATEGORY 85
9.2.1 LOW EARTH ORBIT (LEO) (160?2,000 KM): USE CASES (TOP 3) 85
9.2.2 MEDIUM EARTH ORBIT (MEO) (2,000?35,786 KM): USE CASES (TOP 3) 86
9.2.3 GEOSTATIONARY ORBIT (GEO) (35,786 KM): USE CASES (TOP 3) 86
9.3 MINI SATELLITE (101-1,200 KG) 88
9.3.1 EXTENSIVE USE IN HIGH-VOLUME DATA APPLICATIONS TO DRIVE MARKET 88
9.4 MICRO SATELLITE (11-100 KG) 88
9.4.1 NEED FOR TACTICAL COMMUNICATIONS IN MILITARY APPLICATIONS TO DRIVE MARKET 88
9.5 NANO SATELLITE (1-10 KG) 89
9.5.1 ADVANCEMENTS IN MINIATURIZATION OF ELECTRONICS TO DRIVE MARKET 89
10 SMALL SATELLITE MARKET, BY SYSTEM 90
10.1 INTRODUCTION 91
10.2 SATELLITE BUS CONFIGURATION OF LOW-COMPLEXITY VS. HIGH-CAPABILITY PLATFORMS 91
10.2.1 LOW-COMPLEXITY BUS CONFIGURATIONS (NON-PROPULSION, BASIC ADCS, FIXED ANTENNAS): TOP USE CASES 91
10.2.2 HIGH-CAPABILITY BUS CONFIGURATIONS (PROPULSION-EQUIPPED, HIGH-POWER, PRECISE ATTITUDE DETERMINATION AND CONTROL SYSTEMS): TOP USE CASES 91
10.3 SATELLITE BUS 93
10.3.1 ATTITUDE & ORBITAL CONTROL SYSTEM 94
10.3.1.1 Need for precision in satellite positioning to drive market 94
10.3.2 COMMAND & DATA HANDLING SYSTEM 94
10.3.2.1 Increasing complexity of small satellite missions to drive market 94
10.3.3 ELECTRICAL POWER SYSTEM 94
10.3.3.1 Focus on enhancing satellite performance to drive market 94
10.3.4 PROPULSION SYSTEM 95
10.3.4.1 Advancements in properties of propellants, propane, and nitrous oxide chemical rocket propulsion systems to drive market 95
10.3.5 TELEMETRY, TRACKING, & COMMAND SYSTEM 95
10.3.5.1 Need for effective communications between satellites and ground stations to drive market 95
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10.3.6 STRUCTURE 95
10.3.6.1 Expanding capabilities of structural subsystems to drive market 95
10.3.7 THERMAL SYSTEM 96
10.3.7.1 Advancements in materials science and thermal management solutions to drive market 96
10.4 PAYLOAD 96
10.4.1 TRADITIONAL PAYLOAD 97
10.4.1.1 Demand for EO and remote sensing to drive market 97
10.4.2 SOFTWARE-DEFINED PAYLOAD 97
10.4.2.1 Flexibility to alter space missions to drive market 97
10.5 SOLAR PANEL 97
10.5.1 ENHANCED EFFICIENCY WITH PHOTOVOLTAIC CELL MATERIALS TO DRIVE MARKET 97
10.6 SATELLITE ANTENNA 97
10.6.1 WIRE ANTENNA 98
10.6.1.1 Monopole antenna 98
10.6.1.1.1 Ease of use in wireless personal area networks to drive market 98
10.6.1.2 Dipole antenna 98
10.6.1.2.1 Significance in radiofrequency antennas to drive market 98
10.6.2 HORN ANTENNA 98
10.6.2.1 Ability to operate in multiple frequencies to drive market 98
10.6.3 ARRAY ANTENNA 98
10.6.3.1 Cost-efficiency with advancements in solid-state technology to drive market 98
10.6.4 REFLECTOR ANTENNA 99
10.6.4.1 Parabolic reflector 99
10.6.4.1.1 Wide scope of applications to drive market 99
10.6.4.2 Double reflector 99
10.6.4.2.1 Higher gain and mechanical strength than other antennas to drive market 99
10.7 OTHER SYSTEMS 99
11 SMALL SATELLITE MARKET, BY APPLICATION 100
11.1 INTRODUCTION 101
11.2 PAYLOAD TECHNOLOGY USED ACROSS SATELLITE APPLICATIONS 101
11.2.1 SENSING AND IMAGING PAYLOADS (OPTICAL, IR, MULTISPECTRAL, HYPERSPECTRAL, SAR, LIDAR) (TOP USE CASES) 101
11.2.2 COMMUNICATION PAYLOADS (RF/OPTICAL TRANSPONDERS, IOT/M2M, DATA RELAY, AIS/ADS-B) (TOP USE CASES) 101
11.2.3 SCIENTIFIC AND MISSION-SUPPORT PAYLOADS (ATMOSPHERIC SENSORS, GNSS-R, PARTICLE DETECTORS, TECH-DEMO PAYLOADS) (TOP USE CASES) 102
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11.3 COMMUNICATION 103
11.3.1 DEMAND FOR LOW-LATENCY GLOBAL CONNECTIVITY TO DRIVE MARKET 103
11.4 NAVIGATION 103
11.4.1 DEMAND FOR SMALL SATELLITES IN GOVERNMENT-LED PROGRAMS TO DRIVE MARKET 103
11.5 EARTH OBSERVATION 103
11.5.1 SHIFT TOWARD DATA-DRIVEN DECISION-MAKING TO DRIVE MARKET 103
11.6 OTHERS 104
12 SMALL SATELLITE MARKET, BY CUSTOMER 105
12.1 INTRODUCTION 106
12.2 REGION-WISE GOVERNMENT AND PRIVATE SATELLITE LAUNCH PROGRAMS 106
12.2.1 GOVERNMENT PROGRAMS: USE CASES (TOP 3) 106
12.2.2 PRIVATE PROGRAMS: USE CASES (TOP 3) 106
12.3 COMMERCIAL 108
12.3.1 SATELLITE OPERATORS/OWNERS 108
12.3.1.1 Rapid deployment of small satellite constellations to drive market 108
12.3.2 MEDIA & ENTERTAINMENT COMPANIES 108
12.3.2.1 High demand for fast broadband connectivity from streaming platforms to drive market 108
12.3.3 ENERGY SERVICE PROVIDERS 109
12.3.3.1 Integration of satellite technology to enhance energy-related operations and services to drive market 109
12.3.4 SCIENTIFIC RESEARCH & DEVELOPMENT ORGANIZATIONS 109
12.3.4.1 Untapped potential in space research to drive market 109
12.3.5 OTHERS 109
12.4 GOVERNMENT & CIVIL 110
12.4.1 NATIONAL SPACE AGENCIES 110
12.4.1.1 Need for cost-effective space exploration solutions to drive market 110
12.4.2 SEARCH & RESCUE ENTITIES 110
12.4.2.1 Need for swift and accurate data in emergency situations to drive market 110
12.4.3 ACADEMIC & RESEARCH INSTITUTIONS 110
12.4.3.1 Active participation in small satellite development to drive market 110
12.4.4 NATIONAL MAPPING & TOPOGRAPHIC AGENCIES 111
12.4.4.1 Emphasis on improving navigation and tracking capabilities to drive market 111
12.5 DEFENSE 111
12.5.1 RESILIENT AND MISSION-CRITICAL SPACE ARCHITECTURES TO DRIVE MARKET 111
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13 SMALL SATELLITE MARKET, BY FREQUENCY 112
13.1 INTRODUCTION 113
13.2 SATELLITE THROUGHPUT CATEGORIES ACROSS DIFFERENT FREQUENCY BANDS 113
13.2.1 LOW THROUGHPUT SATELLITES (1 KBPS TO 50 MBPS): TOP USE CASES 113
13.2.2 HIGH THROUGHPUT SATELLITES (50 MBPS TO 100+ GBPS): TOP USE CASES 113
13.3 L-BAND (1 TO 2 GHZ) 115
13.3.1 LESS SUSCEPTIBILITY TO ATMOSPHERIC INTERFERENCE TO DRIVE MARKET 115
13.4 S-BAND (2 TO 4 GHZ) 115
13.4.1 INCREASING DEMAND FOR ENHANCED DISASTER MANAGEMENT COMMUNICATIONS SYSTEMS TO DRIVE MARKET 115
13.5 C-BAND (4 TO 8 GHZ) 116
13.5.1 ESCALATING DEMAND FOR STEADY COMMUNICATIONS SERVICES FROM DEVELOPING REGIONS TO DRIVE MARKET 116
13.6 X-BAND (8 TO 12 GHZ) 116
13.6.1 PROVIDES HIGH-RESOLUTION IMAGING FOR RECONNAISSANCE AND SURVEILLANCE AND SECURE COMMUNICATION LINKS 116
13.7 KU-K BAND (12 TO 26.5 GHZ) 116
13.7.1 ADVANCEMENTS IN ANTENNA TECHNOLOGY TO DRIVE MARKET 116
13.8 KA-BAND (26.5 TO 40 GHZ) 117
13.8.1 NEED FOR BACKHAUL SOLUTIONS WITH EXPANSION OF 5G TO DRIVE MARKET 117
13.9 Q/V/E-BAND (Q-BAND: 33 TO 50 GHZ, V-BAND: 50 TO 75 GHZ, E-BAND: 60 TO 90 GHZ) 117
13.9.1 ELEVATED DEMAND FOR ULTRA-HIGH-SPEED DATA SERVICES TO DRIVE MARKET 117
13.10 HF/VHF/UHF-BAND (HF: 3 TO 30 MHZ, VHF: 30 TO 300 MHZ, UHF: 300 MHZ TO 3 GHZ) 117
13.10.1 NEED FOR WIDE-RANGE COVERAGE TO DRIVE MARKET 117
13.11 LASER/OPTICAL BAND (200?400 THZ) 118
13.11.1 NEED FOR SECURE, HIGH-CAPACITY COMMUNICATION LINKS IN COMMERCIAL AND MILITARY SECTORS TO DRIVE MARKET 118
14 SMALL SATELLITE MARKET, BY PROPULSION TECHNOLOGY 119
14.1 INTRODUCTION 120
14.2 HIGH-THRUST PROPULSION SYSTEMS (100 N TO 2,000 N): TOP USE CASES 120
14.2.1 LOW-THRUST PROPULSION SYSTEMS (MICRO-NEWTON TO < 100 N): TOP USE CASES 120
14.3 CHEMICAL 122
14.3.1 OFFERS HIGH THRUST IN COMPACT FORM FACTORS 122
14.3.1.1 Solid 122
14.3.1.2 Liquid 122
14.3.1.3 Hybrid 122
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14.4 ELECTRIC 123
14.4.1 HIGH FUEL EFFICIENCY ALLOWS OPERATORS TO REDUCE PROPELLANT MASS, EXTEND MISSION LIFE, AND INCREASE PAYLOAD CAPACITY 123
14.4.1.1 Electrostatic 123
14.4.1.2 Electrothermal 123
14.4.1.3 Electromagnetic 123
14.4.2 OTHER TECHNOLOGIES 123
14.4.2.1 Solar sail 124
14.4.2.2 Cold / Warm gas 124
15 SMALL SATELLITE MARKET, BY REGION 125
15.1 INTRODUCTION 126
15.2 NORTH AMERICA 127
15.2.1 US 129
15.2.1.1 High demand for small satellites from defense sector to drive market 129
15.2.2 CANADA 130
15.2.2.1 Government initiatives for space technology development to drive market 130
15.3 EUROPE 132
15.3.1 RUSSIA 134
15.3.1.1 Focus on enhancing defense capabilities to drive market 134
15.3.2 UK 135
15.3.2.1 Innovations in satellite technologies to drive market 135
15.3.3 GERMANY 136
15.3.3.1 Strategic participation in European space programs and collaborations between government agencies, research institutions, and private companies to drive market 136
15.3.4 FRANCE 138
15.3.4.1 Government support for nano satellites and micro satellites for defense and commercial uses to drive market 138
15.3.5 ITALY 139
15.3.5.1 Focus on international collaborations and partnerships with leading global space agencies and organizations to drive market 139
15.4 ASIA PACIFIC 140
15.4.1 CHINA 143
15.4.1.1 Increasing commercial satellite launches to drive market 143
15.4.2 INDIA 144
15.4.2.1 Strong national space infrastructure to drive market 144
15.4.3 JAPAN 145
15.4.3.1 Emergence of startups and government investment to drive market 145
15.4.4 SOUTH KOREA 146
15.4.4.1 Government funding for small satellite development to drive market 146
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15.4.5 AUSTRALIA 148
15.4.5.1 Government measures to develop domestic space industry to drive market 148
15.5 MIDDLE EAST 149
15.5.1.1 UAE 151
15.5.1.1.1 Government investments in space technology to drive market 151
15.5.1.2 Saudi Arabia 152
15.5.1.2.1 Collaborations with international space agencies to drive market 152
15.5.2 REST OF MIDDLE EAST 154
15.6 REST OF THE WORLD 155
15.6.1 LATIN AMERICA 157
15.6.1.1 Commercial segment to be leading customer of small satellites 157
15.6.2 AFRICA 158
15.6.2.1 Increasing budget allocations for space exploration to drive market 158
16 COMPETITIVE LANDSCAPE 160
16.1 INTRODUCTION 160
16.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020?2025 160
16.3 REVENUE ANALYSIS 162
16.4 MARKET SHARE ANALYSIS 162
16.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 165
16.5.1 STARS 165
16.5.2 EMERGING LEADERS 165
16.5.3 PERVASIVE PLAYERS 165
16.5.4 PARTICIPANTS 165
16.5.5 COMPANY FOOTPRINT 167
16.5.5.1 Company footprint 167
16.5.5.2 Region footprint 168
16.5.5.3 Customer footprint 169
16.5.5.4 Application footprint 170
16.5.5.5 Mass footprint 171
16.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024 172
16.6.1 PROGRESSIVE COMPANIES 172
16.6.2 RESPONSIVE COMPANIES 172
16.6.3 DYNAMIC COMPANIES 172
16.6.4 STARTING BLOCKS 172
16.6.5 COMPETITIVE BENCHMARKING 174
16.7 COMPANY VALUATION AND FINANCIAL METRICS 175
16.8 BRAND/PRODUCT COMPARISON 176
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16.9 COMPETITIVE SCENARIO 177
16.9.1 PRODUCT LAUNCHES 177
16.9.2 DEALS 178
16.9.3 OTHER DEVELOPMENTS 183
17 COMPANY PROFILES 194
17.1 KEY PLAYERS 194
17.1.1 AIRBUS DEFENCE AND SPACE 194
17.1.1.1 Business overview 194
17.1.1.2 Products offered 195
17.1.1.3 Recent developments 196
17.1.1.3.1 Deals 196
17.1.1.3.2 Others 197
17.1.1.4 MnM view 199
17.1.1.4.1 Right to win 199
17.1.1.4.2 Strategic choices 199
17.1.1.4.3 Weaknesses and competitive threats 199
17.1.2 THALES ALENIA SPACE 200
17.1.2.1 Business overview 200
17.1.2.2 Products offered 200
17.1.2.3 Recent developments 202
17.1.2.3.1 Deals 202
17.1.2.3.2 Others 202
17.1.2.4 MnM view 204
17.1.2.4.1 Right to win 204
17.1.2.4.2 Strategic choices 204
17.1.2.4.3 Weaknesses and competitive threats 204
17.1.3 SPACEX 205
17.1.3.1 Business overview 205
17.1.3.2 Products offered 205
17.1.3.3 Recent developments 206
17.1.3.3.1 Deals 206
17.1.3.3.2 Others 207
17.1.3.4 MnM view 207
17.1.3.4.1 Right to win 207
17.1.3.4.2 Strategic choices 208
17.1.3.4.3 Weaknesses and competitive threats 208
17.1.4 MDA SPACE 209
17.1.4.1 Business overview 209
17.1.4.2 Products offered 210
17.1.4.3 Recent developments 211
17.1.4.3.1 Others 211
17.1.4.4 MnM view 212
17.1.4.4.1 Right to win 212
17.1.4.4.2 Strategic choices 212
17.1.4.4.3 Weaknesses and competitive threats 212
17.1.5 CHINA AEROSPACE SCIENCE AND TECHNOLOGY CORP. 213
17.1.5.1 Business overview 213
17.1.5.2 Products offered 213
17.1.5.3 Recent developments 214
17.1.5.3.1 Deals 214
17.1.5.4 MnM view 214
17.1.5.4.1 Right to win 214
17.1.5.4.2 Strategic choices 215
17.1.5.4.3 Weaknesses and competitive threats 215
17.1.6 LOCKHEED MARTIN 216
17.1.6.1 Business overview 216
17.1.6.2 Products offered 217
17.1.6.3 Recent developments 218
17.1.6.3.1 Others 218
17.1.7 NORTHROP GRUMMAN 220
17.1.7.1 Business overview 220
17.1.7.2 Products offered 221
17.1.7.3 Recent developments 222
17.1.7.3.1 Deals 222
17.1.7.3.2 Others 222
17.1.8 L3HARRIS TECHNOLOGIES, INC. 223
17.1.8.1 Business overview 223
17.1.8.2 Product offered 224
17.1.8.3 Recent developments 226
17.1.8.3.1 Deals 226
17.1.8.3.2 Others 226
17.1.9 SURREY SATELLITE TECHNOLOGY LIMITED (SSTL) 228
17.1.9.1 Business overview 228
17.1.9.2 Products offered 228
17.1.9.3 Recent developments 231
17.1.9.3.1 Product launches 231
17.1.9.3.2 Deals 232
17.1.10 PLANET LABS PBC 233
17.1.10.1 Business overview 233
17.1.10.2 Products offered 234
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17.1.10.3 Recent developments 235
17.1.10.3.1 Product launches 235
17.1.10.3.2 Deals 236
17.1.10.3.3 Others 236
17.1.11 SIERRA NEVADA CORPORATION (SNC) 237
17.1.11.1 Business overview 237
17.1.11.2 Products offered 237
17.1.11.3 Recent developments 239
17.1.11.3.1 Others 239
17.1.12 LANTERIS SPACE SYSTEMS 240
17.1.12.1 Business overview 240
17.1.12.2 Products offered 240
17.1.12.3 Recent developments 241
17.1.12.3.1 Deals 241
17.1.12.3.2 Others 241
17.1.13 GOMSPACE 242
17.1.13.1 Business overview 242
17.1.13.2 Products offered 243
17.1.13.3 Recent developments 244
17.1.13.3.1 Deals 244
17.1.13.3.2 Others 244
17.1.14 MITSUBISHI ELECTRIC CORPORATION 246
17.1.14.1 Business overview 246
17.1.14.2 Products offered 247
17.1.14.3 Recent developments 247
17.1.14.3.1 Others 247
17.1.15 BAE SYSTEMS 248
17.1.15.1 Business overview 248
17.1.15.2 Products offered 249
17.1.15.3 Recent developments 250
17.1.15.3.1 Deals 250
17.1.16 RTX 251
17.1.16.1 Business overview 251
17.1.16.2 Products offered 252
17.1.16.3 Recent developments 254
17.1.16.3.1 Others 254
17.1.17 OHB SE 255
17.1.17.1 Business overview 255
17.1.17.2 Products offered 256
17.1.17.3 Recent developments 257
17.1.17.3.1 Others 257
?
17.1.18 THE AEROSPACE CORPORATION 258
17.1.18.1 Business overview 258
17.1.18.2 Products offered 258
17.1.18.3 Recent developments 259
17.1.18.3.1 Others 259
17.1.19 MILLENNIUM SPACE SYSTEMS, INC. 260
17.1.19.1 Business overview 260
17.1.19.2 Products offered 260
17.1.19.3 Recent developments 261
17.1.19.3.1 Others 261
17.1.20 KUIPER SYSTEMS LLC 262
17.1.20.1 Business overview 262
17.1.20.2 Products offered 262
17.2 OTHER PLAYERS 263
17.2.1 AEROSPACELAB 263
17.2.2 ENDUROSAT 264
17.2.3 NANOAVIONICS 265
17.2.4 ALEN SPACE 266
17.2.5 NEARSPACE LAUNCH 267
17.2.6 SWARM 268
17.2.7 ARGOTEC S.R.L 269
17.2.8 ASTRANIS 270
18 RESEARCH METHODOLOGY 271
18.1 RESEARCH DATA 271
18.1.1 SECONDARY DATA 272
18.1.1.1 Key data from secondary sources 273
18.1.2 PRIMARY DATA 273
18.1.2.1 Primary sources 273
18.1.2.2 Key data from primary sources 274
18.1.3 BREAKDOWN OF PRIMARY INTERVIEWS 274
18.2 FACTOR ANALYSIS 275
18.2.1 DEMAND-SIDE INDICATORS 275
18.2.2 SUPPLY-SIDE INDICATORS 275
18.3 MARKET SIZE ESTIMATION 276
18.3.1 BOTTOM-UP APPROACH 276
18.3.1.1 Market size estimation methodology (demand side) 276
18.3.2 TOP-DOWN APPROACH 277
18.4 DATA TRIANGULATION 278
18.5 RESEARCH ASSUMPTIONS 279
18.6 RESEARCH LIMITATIONS 279
18.7 RISK ASSESSMENT 280
19 APPENDIX 281
19.1 DISCUSSION GUIDE 281
19.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 283
19.3 CUSTOMIZATION OPTIONS 285
19.4 RELATED REPORTS 285
19.5 AUTHOR DETAILS 286

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List of Tables/Graphs

TABLE 1 SMALL SATELLITE MARKET: INCLUSIONS AND EXCLUSIONS 29
TABLE 2 USD EXCHANGE RATES, 2020-2024 31
TABLE 3 COMPARISON BETWEEN BUSINESS MODELS 38
TABLE 4 AVERAGE TOTAL COST OF OWNERSHIP FOR SMALL SATELLITES,
BY MASS (USD MILLION) 40
TABLE 5 BILL OF MATERIALS ANALYSIS FOR SMALL SATELLITES 40
TABLE 6 STRATEGIC MOVES BY TIER 1, 2, AND 3 PLAYERS 49
TABLE 7 GDP PERCENTAGE CHANGE, BY KEY COUNTRY, 2021?2029 50
TABLE 8 ROLE OF COMPANIES IN ECOSYSTEM 55
TABLE 9 IMPORT DATA FOR HS CODE 880260-COMPLIANT PRODUCTS, BY COUNTRY, 2020?2024 (USD THOUSAND) 57
TABLE 10 EXPORT DATA FOR HS CODE 880260-COMPLIANT PRODUCTS, BY COUNTRY, 2020?2024 (USD THOUSAND) 58
TABLE 11 KEY CONFERENCES AND EVENTS, 2026-2027 58
TABLE 12 INDICATIVE PRICING FOR SMALL SATELLITE MASS (USD MILLION) 61
TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR SMALL
SATELLITES, BY CUSTOMER (%) 64
TABLE 14 KEY BUYING CRITERIA FOR SMALL SATELLITE MARKET, BY CUSTOMER 65
TABLE 15 LIST OF MAJOR PATENTS FOR SMALL SATELLITES (2022-2025) 70
TABLE 16 AUTONOMOUS EARTH OBSERVATION CONSTELLATIONS 71
TABLE 17 DIRECT-TO-DEVICE AND NARROWBAND IOT CONNECTIVITY 72
TABLE 18 DISASTER RESPONSE AND CLIMATE RISK MONITORING 72
TABLE 19 TOP USE CASES AND MARKET POTENTIAL 74
TABLE 20 BEST PRACTICES: COMPANIES IMPLEMENTING USE CASES 74
TABLE 21 SMALL SATELLITE MARKET: CASE STUDIES RELATED TO GENAI IMPLEMENTATION 75
TABLE 22 INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS 75
TABLE 23 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 77
TABLE 24 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 78
TABLE 25 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 78
TABLE 26 MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 79
TABLE 27 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 80
TABLE 28 CERTIFICATIONS, LABELING, ECO-STANDARDS IN SATELLITE GROUND
STATION MARKET 83
TABLE 29 SMALL SATELLITE MARKET, BY MASS, 2021?2024 (USD MILLION) 87
TABLE 30 SMALL SATELLITE MARKET, BY MASS, 2025?2030 (USD MILLION) 88
TABLE 31 SMALL SATELLITE MARKET, BY SYSTEM, 2021?2024 (USD MILLION) 92
TABLE 32 SMALL SATELLITE MARKET, BY SYSTEM, 2025?2030 (USD MILLION) 93
TABLE 33 SATELLITE BUS: SMALL SATELLITE MARKET, BY TYPE, 2021?2024 (USD MILLION) 93
TABLE 34 SATELLITE BUS: SMALL SATELLITE MARKET, BY TYPE, 2025?2030 (USD MILLION) 93
TABLE 35 PAYLOAD: SMALL SATELLITE MARKET, BY TYPE, 2021?2024 (USD MILLION) 96
TABLE 36 PAYLOAD: SMALL SATELLITE MARKET, BY TYPE, 2025?2030 (USD MILLION) 96
TABLE 37 SMALL SATELLITE MARKET, BY APPLICATION, 2021?2024 (USD MILLION) 102
TABLE 38 SMALL SATELLITE MARKET, BY APPLICATION, 2025?2030 (USD MILLION) 103
TABLE 39 SMALL SATELLITE MARKET, BY CUSTOMER, 2021?2024 (USD MILLION) 107
TABLE 40 SMALL SATELLITE MARKET, BY CUSTOMER, 2025?2030 (USD MILLION) 108
TABLE 41 SMALL SATELLITE MARKET, BY FREQUENCY, 2021?2024 (USD MILLION) 114
TABLE 42 SMALL SATELLITE MARKET, BY FREQUENCY, 2025?2030 (USD MILLION) 115
TABLE 43 SMALL SATELLITE MARKET, BY PROPULSION TECHNOLOGY,
2021?2024 (USD MILLION) 121
TABLE 44 SMALL SATELLITE MARKET, BY PROPULSION TECHNOLOGY,
2025?2030 (USD MILLION) 122
TABLE 45 SMALL SATELLITE MARKET, BY REGION, 2021?2024 (USD MILLION) 126
TABLE 46 SMALL SATELLITE MARKET, BY REGION, 2025?2030 (USD MILLION) 127
TABLE 47 NORTH AMERICA: SMALL SATELLITE MARKET, BY MASS,
2021?2024 (USD MILLION) 128
TABLE 48 NORTH AMERICA: SMALL SATELLITE MARKET, BY MASS,
2025?2030 (USD MILLION) 128
TABLE 49 NORTH AMERICA: SMALL SATELLITE MARKET, BY CUSTOMER,
2021?2024 (USD MILLION) 128
TABLE 50 NORTH AMERICA: SMALL SATELLITE MARKET, BY CUSTOMER,
2025?2030 (USD MILLION) 128
TABLE 51 NORTH AMERICA: SMALL SATELLITE MARKET, BY COUNTRY,
2021?2024 (USD MILLION) 129
TABLE 52 NORTH AMERICA: SMALL SATELLITE MARKET, BY COUNTRY,
2025?2030 (USD MILLION) 129
TABLE 53 US: SMALL SATELLITE MARKET, BY MASS, 2021?2024 (USD MILLION) 129
TABLE 54 US: SMALL SATELLITE MARKET, BY MASS, 2025?2030 (USD MILLION) 130
TABLE 55 US: SMALL SATELLITE MARKET, BY CUSTOMER, 2021?2024 (USD MILLION) 130
TABLE 56 US: SMALL SATELLITE MARKET, BY CUSTOMER, 2025?2030 (USD MILLION) 130
TABLE 57 CANADA: SMALL SATELLITE MARKET, BY MASS, 2021?2024 (USD MILLION) 131
TABLE 58 CANADA: SMALL SATELLITE MARKET, BY MASS, 2025?2030 (USD MILLION) 131
TABLE 59 CANADA: SMALL SATELLITE MARKET, BY CUSTOMER, 2021?2024 (USD MILLION) 131
TABLE 60 CANADA: SMALL SATELLITE MARKET, BY CUSTOMER, 2025?2030 (USD MILLION) 131
TABLE 61 EUROPE: SMALL SATELLITE MARKET, BY MASS, 2021?2024 (USD MILLION) 132
TABLE 62 EUROPE: SMALL SATELLITE MARKET, BY MASS, 2025?2030 (USD MILLION) 133
TABLE 63 EUROPE: SMALL SATELLITE MARKET, BY CUSTOMER, 2021?2024 (USD MILLION) 133
TABLE 64 EUROPE: SMALL SATELLITE MARKET, BY CUSTOMER, 2025?2030 (USD MILLION) 133
TABLE 65 EUROPE: SMALL SATELLITE MARKET, BY COUNTRY, 2021?2024 (USD MILLION) 133
TABLE 66 EUROPE: SMALL SATELLITE MARKET, BY COUNTRY, 2025?2030 (USD MILLION) 134
TABLE 67 RUSSIA: SMALL SATELLITE MARKET, BY MASS, 2021?2024 (USD MILLION) 134
TABLE 68 RUSSIA: SMALL SATELLITE MARKET, BY MASS, 2025?2030 (USD MILLION) 134
TABLE 69 RUSSIA: SMALL SATELLITE MARKET, BY CUSTOMER, 2021?2024 (USD MILLION) 135
TABLE 70 RUSSIA: SMALL SATELLITE MARKET, BY CUSTOMER, 2025?2030 (USD MILLION) 135
TABLE 71 UK: SMALL SATELLITE MARKET, BY MASS, 2021?2024 (USD MILLION) 135
TABLE 72 UK: SMALL SATELLITE MARKET, BY MASS, 2025?2030 (USD MILLION) 136
TABLE 73 UK: SMALL SATELLITE MARKET, BY CUSTOMER, 2021?2024 (USD MILLION) 136
TABLE 74 UK: SMALL SATELLITE MARKET, BY CUSTOMER, 2025?2030 (USD MILLION) 136
TABLE 75 GERMANY: SMALL SATELLITE MARKET, BY MASS, 2021?2024 (USD MILLION) 137
TABLE 76 GERMANY: SMALL SATELLITE MARKET, BY MASS, 2025?2030 (USD MILLION) 137
TABLE 77 GERMANY: SMALL SATELLITE MARKET, BY CUSTOMER,
2021?2024 (USD MILLION) 137
TABLE 78 GERMANY: SMALL SATELLITE MARKET, BY CUSTOMER,
2025?2030 (USD MILLION) 137
TABLE 79 FRANCE: SMALL SATELLITE MARKET, BY MASS, 2021?2024 (USD MILLION) 138
TABLE 80 FRANCE: SMALL SATELLITE MARKET, BY MASS, 2025?2030 (USD MILLION) 138
TABLE 81 FRANCE: SMALL SATELLITE MARKET, BY CUSTOMER, 2021?2024 (USD MILLION) 138
TABLE 82 FRANCE: SMALL SATELLITE MARKET, BY CUSTOMER, 2025?2030 (USD MILLION) 139
TABLE 83 ITALY: SMALL SATELLITE MARKET, BY MASS, 2021?2024 (USD MILLION) 139
TABLE 84 ITALY: SMALL SATELLITE MARKET, BY MASS, 2025?2030 (USD MILLION) 139
TABLE 85 ITALY: SMALL SATELLITE MARKET, BY CUSTOMER, 2021?2024 (USD MILLION) 140
TABLE 86 ITALY: SMALL SATELLITE MARKET, BY CUSTOMER, 2025?2030 (USD MILLION) 140
TABLE 87 ASIA PACIFIC: SMALL SATELLITE MARKET, BY MASS, 2021?2024 (USD MILLION) 141
TABLE 88 ASIA PACIFIC: SMALL SATELLITE MARKET, BY MASS, 2025?2030 (USD MILLION) 141
TABLE 89 ASIA PACIFIC: SMALL SATELLITE MARKET, BY CUSTOMER,
2021?2024 (USD MILLION) 142
TABLE 90 ASIA PACIFIC: SMALL SATELLITE MARKET, BY CUSTOMER,
2025?2030 (USD MILLION) 142
TABLE 91 ASIA PACIFIC: SMALL SATELLITE MARKET, BY COUNTRY,
2021?2024 (USD MILLION) 142
TABLE 92 ASIA PACIFIC: SMALL SATELLITE MARKET, BY COUNTRY,
2025?2030 (USD MILLION) 142
TABLE 93 CHINA: SMALL SATELLITE MARKET, BY MASS, 2021?2024 (USD MILLION) 143
TABLE 94 CHINA: SMALL SATELLITE MARKET, BY MASS, 2025?2030 (USD MILLION) 143
TABLE 95 CHINA: SMALL SATELLITE MARKET, BY CUSTOMER, 2021?2024 (USD MILLION) 143
TABLE 96 CHINA: SMALL SATELLITE MARKET, BY CUSTOMER, 2025?2030 (USD MILLION) 144
TABLE 97 INDIA: SMALL SATELLITE MARKET, BY MASS, 2021?2024 (USD MILLION) 144
TABLE 98 INDIA: SMALL SATELLITE MARKET, BY MASS, 2025?2030 (USD MILLION) 144
TABLE 99 INDIA: SMALL SATELLITE MARKET, BY CUSTOMER, 2021?2024 (USD MILLION) 145
TABLE 100 INDIA: SMALL SATELLITE MARKET, BY CUSTOMER, 2025?2030 (USD MILLION) 145
TABLE 101 JAPAN: SMALL SATELLITE MARKET, BY MASS, 2021?2024 (USD MILLION) 145
TABLE 102 JAPAN: SMALL SATELLITE MARKET, BY MASS, 2025?2030 (USD MILLION) 146
TABLE 103 JAPAN: SMALL SATELLITE MARKET, BY CUSTOMER, 2021?2024 (USD MILLION) 146
TABLE 104 JAPAN: SMALL SATELLITE MARKET, BY CUSTOMER, 2025?2030 (USD MILLION) 146
TABLE 105 SOUTH KOREA: SMALL SATELLITE MARKET, BY MASS, 2021?2024 (USD MILLION) 147
TABLE 106 SOUTH KOREA: SMALL SATELLITE MARKET, BY MASS, 2025?2030 (USD MILLION) 147
TABLE 107 SOUTH KOREA: SMALL SATELLITE MARKET, BY CUSTOMER,
2021?2024 (USD MILLION) 147
TABLE 108 SOUTH KOREA: SMALL SATELLITE MARKET, BY CUSTOMER,
2025?2030 (USD MILLION) 147
TABLE 109 AUSTRALIA: SMALL SATELLITE MARKET, BY MASS, 2021?2024 (USD MILLION) 148
TABLE 110 AUSTRALIA: SMALL SATELLITE MARKET, BY MASS, 2025?2030 (USD MILLION) 148
TABLE 111 AUSTRALIA: SMALL SATELLITE MARKET, BY CUSTOMER,
2021?2024 (USD MILLION) 148
TABLE 112 AUSTRALIA: SMALL SATELLITE MARKET, BY CUSTOMER,
2025?2030 (USD MILLION) 149
TABLE 113 MIDDLE EAST: SMALL SATELLITE MARKET, BY MASS, 2021?2024 (USD MILLION) 150
TABLE 114 MIDDLE EAST: SMALL SATELLITE MARKET, BY MASS, 2025?2030 (USD MILLION) 150
TABLE 115 MIDDLE EAST: SMALL SATELLITE MARKET, BY CUSTOMER,
2021?2024 (USD MILLION) 150
TABLE 116 MIDDLE EAST: SMALL SATELLITE MARKET, BY CUSTOMER,
2025?2030 (USD MILLION) 150
TABLE 117 MIDDLE EAST: SMALL SATELLITE MARKET, BY COUNTRY,
2021?2024 (USD MILLION) 151
TABLE 118 MIDDLE EAST: SMALL SATELLITE MARKET, BY COUNTRY,
2025?2030 (USD MILLION) 151
TABLE 119 UAE: SMALL SATELLITE MARKET, BY MASS, 2021?2024 (USD MILLION) 151
TABLE 120 UAE: SMALL SATELLITE MARKET, BY MASS, 2025?2030 (USD MILLION) 152
TABLE 121 UAE: SMALL SATELLITE MARKET, BY CUSTOMER, 2021?2024 (USD MILLION) 152
TABLE 122 UAE: SMALL SATELLITE MARKET, BY CUSTOMER, 2025?2030 (USD MILLION) 152
TABLE 123 SAUDI ARABIA: SMALL SATELLITE MARKET, BY MASS, 2021?2024 (USD MILLION) 153
TABLE 124 SAUDI ARABIA: SMALL SATELLITE MARKET, BY MASS, 2025?2030 (USD MILLION) 153
TABLE 125 SAUDI ARABIA: SMALL SATELLITE MARKET, BY CUSTOMER,
2021?2024 (USD MILLION) 153
TABLE 126 SAUDI ARABIA: SMALL SATELLITE MARKET, BY CUSTOMER,
2025?2030 (USD MILLION) 153
TABLE 127 REST OF MIDDLE EAST: SMALL SATELLITE MARKET, BY MASS,
2021?2024 (USD MILLION) 154
TABLE 128 REST OF MIDDLE EAST: SMALL SATELLITE MARKET, BY MASS,
2025?2030 (USD MILLION) 154
TABLE 129 REST OF MIDDLE EAST: SMALL SATELLITE MARKET, BY CUSTOMER,
2021?2024 (USD MILLION) 154
TABLE 130 REST OF MIDDLE EAST: SMALL SATELLITE MARKET, BY CUSTOMER,
2025?2030 (USD MILLION) 155
TABLE 131 REST OF THE WORLD: SMALL SATELLITE MARKET, BY REGION,
2021?2024 (USD MILLION) 156
TABLE 132 REST OF THE WORLD: SMALL SATELLITE MARKET, BY REGION,
2025?2030 (USD MILLION) 156
TABLE 133 REST OF THE WORLD: SMALL SATELLITE MARKET, BY MASS,
2021?2024 (USD MILLION) 156
TABLE 134 REST OF THE WORLD: SMALL SATELLITE MARKET, BY MASS,
2025?2030 (USD MILLION) 156
TABLE 135 REST OF THE WORLD: SMALL SATELLITE MARKET, BY CUSTOMER,
2021?2024 (USD MILLION) 157
TABLE 136 REST OF THE WORLD: SMALL SATELLITE MARKET, BY CUSTOMER,
2025?2030 (USD MILLION) 157
TABLE 137 LATIN AMERICA: SMALL SATELLITE MARKET, BY MASS,
2021?2024 (USD MILLION) 157
TABLE 138 LATIN AMERICA: SMALL SATELLITE MARKET, BY MASS,
2025?2030 (USD MILLION) 158
TABLE 139 LATIN AMERICA: SMALL SATELLITE MARKET, BY CUSTOMER,
2021?2024 (USD MILLION) 158
TABLE 140 LATIN AMERICA: SMALL SATELLITE MARKET, BY CUSTOMER,
2025?2030 (USD MILLION) 158
TABLE 141 AFRICA: SMALL SATELLITE MARKET, BY MASS, 2021?2024 (USD MILLION) 159
TABLE 142 AFRICA: SMALL SATELLITE MARKET, BY MASS, 2025?2030 (USD MILLION) 159
TABLE 143 AFRICA: SMALL SATELLITE MARKET, BY CUSTOMER, 2021?2024 (USD MILLION) 159
TABLE 144 AFRICA: SMALL SATELLITE MARKET, BY CUSTOMER, 2025?2030 (USD MILLION) 159
TABLE 145 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020?2025 160
TABLE 146 SMALL SATELLITE MARKET: DEGREE OF COMPETITION 163
TABLE 147 SMALL SATELLITE MARKET: REGION FOOTPRINT 168
TABLE 148 SMALL SATELLITE MARKET: CUSTOMER FOOTPRINT 169
TABLE 149 SMALL SATELLITE MARKET: APPLICATION FOOTPRINT 170
TABLE 150 SMALL SATELLITE MARKET: MASS FOOTPRINT 171
TABLE 151 SMALL SATELLITE MARKET: LIST OF STARTUPS/SMES 174
TABLE 152 SMALL SATELLITE MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES 175
TABLE 153 SMALL SATELLITE MARKET: PRODUCT LAUNCHES, JANUARY 2020?
DECEMBER 2025 177
TABLE 154 SMALL SATELLITE MARKET: DEALS, JANUARY 2020?DECEMBER 2025 178
TABLE 155 SMALL SATELLITE MARKET: OTHER DEVELOPMENTS, JANUARY 2020?
DECEMBER 2025 183
TABLE 156 AIRBUS DEFENCE AND SPACE: COMPANY OVERVIEW 194
TABLE 157 AIRBUS DEFENCE AND SPACE: PRODUCTS OFFERED 195
TABLE 158 AIRBUS DEFENCE AND SPACE: DEALS 196
TABLE 159 AIRBUS DEFENCE AND SPACE: OTHERS 197
TABLE 160 THALES ALENIA SPACE: COMPANY OVERVIEW 200
TABLE 161 THALES ALENIA SPACE: PRODUCTS OFFERED 200
TABLE 162 THALES ALENIA SPACE: DEALS 202
TABLE 163 THALES ALENIA SPACE: OTHERS 202
TABLE 164 SPACEX: COMPANY OVERVIEW 205
TABLE 165 SPACEX: PRODUCTS OFFERED 205
TABLE 166 SPACEX: DEALS 206
TABLE 167 SPACEX: OTHERS 207
TABLE 168 MDA SPACE: COMPANY OVERVIEW 209
TABLE 169 MDA SPACE: PRODUCTS OFFERED 210
TABLE 170 MDA SPACE: OTHERS 211
TABLE 171 CHINA AEROSPACE SCIENCE AND TECHNOLOGY CORP.: COMPANY OVERVIEW 213
TABLE 172 CHINA AEROSPACE SCIENCE AND TECHNOLOGY CORP.: PRODUCTS OFFERED 213
TABLE 173 CHINA AEROSPACE SCIENCE AND TECHNOLOGY CORP.: DEALS 214
TABLE 174 LOCKHEED MARTIN: COMPANY OVERVIEW 216
TABLE 175 LOCKHEED MARTIN: PRODUCTS OFFERED 217
TABLE 176 LOCKHEED MARTIN: OTHERS 218
TABLE 177 NORTHROP GRUMMAN: COMPANY OVERVIEW 220
TABLE 178 NORTHROP GRUMMAN: PRODUCTS OFFERED 221
TABLE 179 NORTHROP GRUMMAN: DEALS 222
TABLE 180 NORTHROP GRUMMAN: OTHERS 222
TABLE 181 L3HARRIS TECHNOLOGIES, INC.: COMPANY OVERVIEW 223
TABLE 182 L3HARRIS TECHNOLOGIES, INC.: PRODUCTS OFFERED 224
TABLE 183 L3HARRIS TECHNOLOGIES, INC.: DEALS 226
TABLE 184 L3HARRIS TECHNOLOGIES, INC.: OTHERS 226
TABLE 185 SSTL: COMPANY OVERVIEW 228
TABLE 186 SSTL: PRODUCTS OFFERED 228
TABLE 187 SSTL: PRODUCT LAUNCHES 231
TABLE 188 SSTL: DEALS 232
TABLE 189 PLANET LABS PBC: COMPANY OVERVIEW 233
TABLE 190 PLANET LABS PBC: PRODUCTS OFFERED 234
TABLE 191 PLANET LABS PBC: PRODUCT LAUNCHES 235
TABLE 192 PLANET LABS PBC: DEALS 236
TABLE 193 PLANET LABS PBC: OTHERS 236
TABLE 194 SNC: COMPANY OVERVIEW 237
TABLE 195 SNC: PRODUCTS OFFERED 237
TABLE 196 SNC: OTHERS 239
TABLE 197 LANTERIS SPACE SYSTEMS: COMPANY OVERVIEW 240
TABLE 198 LANTERIS SPACE SYSTEMS: PRODUCTS OFFERED 240
TABLE 199 LANTERIS SPACE SYSTEMS: DEALS 241
TABLE 200 LANTERIS SPACE SYSTEMS: OTHERS 241
TABLE 201 GOMSPACE: COMPANY OVERVIEW 242
TABLE 202 GOMSPACE: PRODUCTS OFFERED 243
TABLE 203 GOMSPACE: DEALS 244
TABLE 204 GOMSPACE: OTHERS 244
TABLE 205 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW 246
TABLE 206 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS OFFERED 247
TABLE 207 MITSUBISHI ELECTRIC CORPORATION: OTHERS 247
TABLE 208 BAE SYSTEMS: COMPANY OVERVIEW 248
TABLE 209 BAE SYSTEMS: PRODUCTS OFFERED 249
TABLE 210 BAE SYSTEMS: DEALS 250
TABLE 211 RTX: COMPANY OVERVIEW 251
TABLE 212 RTX: PRODUCTS OFFERED 252
TABLE 213 RTX: OTHERS 254
TABLE 214 OHB SE: COMPANY OVERVIEW 255
TABLE 215 OHB SE: PRODUCTS OFFERED 256
TABLE 216 OHB SE: OTHERS 257
TABLE 217 THE AEROSPACE CORPORATION: COMPANY OVERVIEW 258
TABLE 218 THE AEROSPACE CORPORATION: PRODUCTS OFFERED 258
TABLE 219 THE AEROSPACE CORPORATION: OTHERS 259
TABLE 220 MILLENNIUM SPACE SYSTEMS, INC.: COMPANY OVERVIEW 260
TABLE 221 MILLENNIUM SPACE SYSTEMS, INC.: PRODUCTS OFFERED 260
TABLE 222 MILLENNIUM SPACE SYSTEMS, INC.: OTHERS 261
TABLE 223 KUIPER SYSTEMS LLC: COMPANY OVERVIEW 262
TABLE 224 KUIPER SYSTEMS LLC: PRODUCTS OFFERED 262
TABLE 225 AEROSPACELAB: COMPANY OVERVIEW 263
TABLE 226 ENDUROSAT: COMPANY OVERVIEW 264
TABLE 227 NANOAVIONICS: COMPANY OVERVIEW 265
TABLE 228 ALEN SPACE: COMPANY OVERVIEW 266
TABLE 229 NEARSPACE LAUNCH: COMPANY OVERVIEW 267
TABLE 230 SWARM: COMPANY OVERVIEW 268
TABLE 231 ARGOTEC S.R.L: COMPANY OVERVIEW 269
TABLE 232 ASTRANIS: COMPANY OVERVIEW 270FIGURE 1 SMALL SATELLITE MARKET SEGMENTATION 30
FIGURE 2 MARKET SCENARIO 33
FIGURE 3 GLOBAL SMALL SATELLITE MARKET, 2021-2030 34
FIGURE 4 MAJOR STRATEGIES ADOPTED BY KEY PLAYERS IN SMALL SATELLITE MARKET 34
FIGURE 5 HIGH-GROWTH SEGMENTS IN SMALL SATELLITE MARKET 35
FIGURE 6 ASIA PACIFIC TO BE FASTEST-GROWING REGIONAL MARKET DURING
FORECAST PERIOD 36
FIGURE 7 BUSINESS MODELS IN SMALL SATELLITE MARKET 38
FIGURE 8 TOTAL COST OF OWNERSHIP FOR SMALL SATELLITES, BY MASS (USD MILLION) 39
FIGURE 9 BILL OF MATERIALS FOR SMALL SATELLITES 41
FIGURE 10 NEED FOR HIGH-CAPACITY, SECURE, AND LOW-LATENCY SPACE-BASED
DATA TRANSFER TO DRIVE SMALL SATELLITE ADOPTION 42
FIGURE 11 COMMUNICATION SEGMENT TO HOLD LARGEST SHARE IN 2030 42
FIGURE 12 ELECTRIC SEGMENT TO EXHIBIT FASTEST GROWTH DURING FORECAST PERIOD 43
FIGURE 13 PAYLOAD SEGMENT SECURED LEADING POSITION IN 2025 43
FIGURE 14 SMALL SATELLITE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES 44
FIGURE 15 VALUE CHAIN ANALYSIS 53
FIGURE 16 ECOSYSTEM ANALYSIS 55
FIGURE 17 IMPORT DATA FOR HS CODE 880260-COMPLIANT PRODUCTS, BY COUNTRY, 2020?2024 (USD THOUSAND) 56
FIGURE 18 EXPORT DATA FOR HS CODE 880260-COMPLIANT PRODUCTS, BY COUNTRY, 2020?2024 (USD THOUSAND) 57
FIGURE 19 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 59
FIGURE 20 INVESTMENT AND FUNDING SCENARIO, 2021?2025 60
FIGURE 21 AVERAGE SELLING PRICE TREND OF SMALL SATELLITES, BY REGION,
2021?2024 (USD PER YEAR) 61
FIGURE 22 SMALL SATELLITE MARKET: DECISION-MAKING FACTORS 63
FIGURE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY CUSTOMER 64
FIGURE 24 KEY BUYING CRITERIA FOR SMALL SATELLITES, BY CUSTOMER 65
FIGURE 25 ADOPTION BARRIERS & INTERNAL CHALLENGES 66
FIGURE 26 TECHNOLOGY ROADMAP (2020-2035) 68
FIGURE 27 EMERGING TECHNOLOGY TRENDS 69
FIGURE 28 PATENT ANALYSIS, 2015-2025 69
FIGURE 29 FUTURE APPLICATIONS 71
FIGURE 30 SMALL SATELLITE MARKET: IMPACT OF AI/GENAI 73
FIGURE 31 SMALL SATELLITE MARKET, BY MASS, 2025?2030 (USD MILLION) 87
FIGURE 32 SMALL SATELLITE MARKET, BY SYSTEM, 2025?2030 (USD MILLION) 92
FIGURE 33 SMALL SATELLITE MARKET, BY APPLICATION, 2025?2030 (USD MILLION) 102
FIGURE 34 SMALL SATELLITE MARKET, BY CUSTOMER, 2025?2030 (USD MILLION) 107
FIGURE 35 SMALL SATELLITE MARKET, BY FREQUENCY, 2025?2030 (USD MILLION) 114
FIGURE 36 SMALL SATELLITE MARKET, BY PROPULSION TECHNOLOGY,
2025?2030 (USD MILLION) 121
FIGURE 37 SMALL SATELLITE MARKET, BY REGION, 2025?2030 126
FIGURE 38 NORTH AMERICA: SMALL SATELLITE MARKET SNAPSHOT 127
FIGURE 39 EUROPE: SMALL SATELLITE MARKET SNAPSHOT 132
FIGURE 40 ASIA PACIFIC: SMALL SATELLITE MARKET SNAPSHOT 141
FIGURE 41 MIDDLE EAST: SMALL SATELLITE MARKET SNAPSHOT 149
FIGURE 42 REST OF THE WORLD: SMALL SATELLITE MARKET SNAPSHOT 155
FIGURE 43 REVENUE ANALYSIS OF TOP 3 PLAYERS, 2021?2024 (USD MILLION) 162
FIGURE 44 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2024 162
FIGURE 45 SMALL SATELLITE MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024 166
FIGURE 46 SMALL SATELLITE MARKET: COMPANY FOOTPRINT 167
FIGURE 47 SMALL SATELLITE MARKET: COMPANY EVALUATION MATRIX
(STARTUPS/SMES), 2024 173
FIGURE 48 VALUATION OF PROMINENT MARKET PLAYERS 175
FIGURE 49 FINANCIAL METRICS OF PROMINENT MARKET PLAYERS 176
FIGURE 50 BRAND/PRODUCT COMPARISON 176
FIGURE 51 AIRBUS DEFENSE AND SPACE: COMPANY SNAPSHOT 195
FIGURE 52 MDA SPACE: COMPANY SNAPSHOT 210
FIGURE 53 LOCKHEED MARTIN: COMPANY SNAPSHOT 217
FIGURE 54 NORTHROP GRUMMAN: COMPANY SNAPSHOT 221
FIGURE 55 L3HARRIS TECHNOLOGIES INC.: COMPANY SNAPSHOT 224
FIGURE 56 PLANET LABS PBC: COMPANY SNAPSHOT 234
FIGURE 57 GOMSPACE: COMPANY SNAPSHOT 242
FIGURE 58 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT 246
FIGURE 59 BAE SYSTEMS: COMPANY SNAPSHOT 249
FIGURE 60 RTX: COMPANY SNAPSHOT 252
FIGURE 61 OHB SE: COMPANY SNAPSHOT 256
FIGURE 62 RESEARCH DESIGN MODEL 271
FIGURE 63 RESEARCH DESIGN 272
FIGURE 64 BOTTOM-UP APPROACH 277
FIGURE 65 TOP-DOWN APPROACH 277
FIGURE 66 DATA TRIANGULATION 278