Home / Technology & Media / Small Satellite Market By Type (Mini, Micro, Nano), By Application (Earth Observation, Satellite Communication, Technology Development, Science & Exploration, Surveillance & Security), By End-Use (Civil, Commercial, Defense) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Small Satellite Market By Type (Mini, Micro, Nano), By Application (Earth Observation, Satellite Communication, Technology Development, Science & Exploration, Surveillance & Security), By End-Use (Civil, Commercial, Defense) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Published: Nov 2019 | Report Code: 60021-11-19

New Private Entrants in Space Industry and Strong Backing from Government for Space Commercialization to grow Small Satellite Market

Advancement in space and technological fields have propelled the satellite manufacturing companies to develop more compact and efficient satellites. With growing application of small satellites in earth observation, IoT and remote sensing or communication has disrupted the space economy for better. With number of connected devices expected to cross 22 Bn mark in coming years, space-based IoT is one of the promising business segments offered by small satellites.

Moreover, new initiatives from global universities & countries and with emergence of entrepreneurs who realized the market potential of smallsats have further drives the global small satellite market in 2018. In addition, strong backing from investors like SoftBank, Virgin Group, Qualcomm, AirBus and Bharti Group who are trusting in the potential of small satellite business offers in the near future is expected to further influenced the market in near future.

Technological advancement of flat panel antennas (FPA) which promises simpler, more reliable multi-satellite solution with enhanced mobility and connectivity is major breakthrough for the companies operating in telecom segment. Besides, pay-per-use business model of satellite-as-a-service along with fast growth in cloud and deep learning algorithms for improved downlink data transmission efficiency will further grow the market during the forecast period.

Market Snapshot

Small Satellite Market

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Satellite-aided Broadband Connectivity to Ensure Dominance of Satellite Communication in Application Segment

Based on application, earth observation small satellite captured over 40% of share in 2018. However, with the announcement of satellite constellation in lower earth orbit (LEO) for global data and internet connectivity which are targeting businesses in IoT and communication is expected to register the highest CAGR during the forecast period. Projects such as Starlink, Kuiper and EutelSat’s ELO IoT network is further expected to drive the market in coming decade.

Small Satellite Market

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Asia Pacific is expected to register the highest Market Share

Currently, Asia Pacific is trailing behind North America and Europe. However, small satellite market in region has high potential. The market is majorly driven by China, Japan and India. Nearly half of the demand for small satellite is from government missions for civilian use. Other half of the market share is from commercial use for earth observation and satellite communication. With the entering of major players in market such as ISRO, JAXA and with space ambitions of emerging economies of Asia Pacific, the region is expected to be leading during forecast period. Moreover, Asian universities such as NTU Singapore partnering with Japan’s Kyutech to build and launch their small satellites into orbit. Also, India’s StudSat and China’s BNU-1 are built by respective national universities have further increases the aspiration of Asia Pacific to grab the major share of the small satellite market.

Small Satellite Market

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New Technological Development is Keeping the Market Competitive

Major players profiled in the small satellite market include Space Exploration Technologies Corp., ISRO, Blue Origin, Boeing, OneWeb, AirBus S.A.S., Sierra Nevada Corporation, Planet Labs Inc., Lockheed Martin Corporation, Arianespace and Thales Group. These companies are adopting strategies such as acquiring small players in market and new technology in launching. For instance, in August 2018, Boeing announced the acquisition of Millennium Space Systems, a provider of small satellite solutions. With this acquisition Boeing has increased its capability with its portfolio and provide customer with advanced small satellite technologies. Furthermore, in March 2019, Lockheed Martin Corporation announced its new technology in launching of small satellites which will allow small satellites to change their mission in orbit. Named as “SmartSat”, this software defined satellite architecture will provide resiliency and flexibility as per mission needs and technology with higher processing power in space.

Small Satellite Market

Historical & Forecast Period

The research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

Small satellite market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global small satellite market based on type, application, end-use and geography. Key segments covered in the report are as follows:

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Type Segment (2017-2027; US$ Bn)
 • Mini
 • Micro
 • Nano

 Application Segment (2017-2027; US$ Bn)
 • Earth Observation
 • Satellite Communication
 • Technology Development
 • Science & Exploration
 • Surveillance & Security

 End-use (2017-2027; US$ Bn))
 • Civil
 • Commercial
 • Defense

 Geography Segment (2017-2027; US$ Bn)
 • North America (U.S., Rest of North America)
 • Europe (U.K., Germany, France, Rest of Europe)
 • Asia Pacific (Japan, China, India, Rest of APAC)
 • Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

  • What was the market size of small satellite market in 2018 and forecast up to 2027?
  • What are the key factors driving the global small satellite market?
  • What are the key market trends and high-growth opportunities observed in the small satellite market?
  • Which is the largest regional market for small satellite market?
  • Which segment will grow at a faster pace? Why?
  • Which region will drive the market growth? Why?
  • Which players are leading the small satellite market?
  • What are the key strategies adopted by the leading players operating in the market?

Unique data points of this report

  • Statistics on small satellite worldwide.
  • Recent trends across different regions in terms of development of small satellite manufacturing.
  • Attractive investment proposition for type segment as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
  • Market size in terms of revenue for small satellite.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: SS Market
2.2. SS Market, by Type, 2018 (US$ Bn)
2.3. SS Market, by Application, 2018 (US$ Bn)
2.4. SS Market, by End-use, 2018 (US$ Bn)
2.5. SS Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. SS Market Value, 2017 – 2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Small Satellite (SS) Market, by Type , 2017 – 2027 (US$ Bn)
4.1. Overview
4.2. Mini
4.3. Micro
4.4. Nano

5. Small Satellite (SS) Market, by Application, 2017 – 2027 (US$ Bn)
5.1. Overview
5.2. Earth Observation
5.3. Satellite Communication
5.4. Technology Development
5.5. Science & Exploration
5.6. Surveillance & Security

6. Small Satellite (SS) Market, by End-use, 2017 – 2027 (US$ Bn)
6.1. Overview
6.2. Civil
6.3. Commercial
6.4. Defense

7. North America Small Satellite (SS) Market Analysis, 2017 – 2027 (US$ Bn)
7.1. Overview
7.1.1. North America SS Market Value and Growth, 2017 – 2027, (US$ Bn)
7.2. North America SS Market Value, By Type, 2017 – 2027 (US$ Bn)
7.2.1. Market Analysis
7.3. North America SS Market Value, By Application, 2017 – 2027 (US$ Bn)
7.3.1. Market Analysis
7.4. North America SS Market Value, By End-use, 2017 – 2027 (US$ Bn)
7.4.1. Market Analysis
7.5. North America SS Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America

8. Europe Small Satellite (SS) Market Analysis, 2017 – 2027 (US$ Bn)
8.1. Overview
8.1.1. Europe SS Market Value and Growth, 2017 – 2027, (US$ Bn)
8.2. Europe SS Market Value, By Type, 2017 – 2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Europe SS Market Value, By Application, 2017 – 2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Europe SS Market Value, By End-use, 2017 – 2027 (US$ Bn)
8.4.1. Market Analysis
8.5. Europe SS Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe

9. Asia Pacific Small Satellite (SS) Market Analysis, 2017 – 2027 (US$ Bn)
9.1. Overview
9.1.1. Asia Pacific SS Market Value and Growth, 2017 – 2027, (US$ Bn)
9.2. Asia Pacific SS Market Value, By Type, 2017 – 2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Asia Pacific SS Market Value, By Application, 2017 – 2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Asia Pacific SS Market Value, By End-use, 2017 – 2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Asia Pacific SS Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific

10. Rest of the World Small Satellite (SS) Market Analysis, 2017 – 2027 (US$ Bn)
10.1. Overview
10.1.1. Rest of the World SS Market Value and Growth, 2017 – 2027, (US$ Bn)
10.2. Rest of the World SS Market Value, By Type, 2017 – 2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Rest of the World SS Market Value, By Application, 2017 – 2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Rest of the World SS Market Value, By End-use, 2017 – 2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Rest of the World SS Market Value, By Region, 2017 – 2027 (US$ Bn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America

11. Company Profiles
11.1. Space Exploration Technologies Corp.
11.2. ISRO
11.3. Blue Origin
11.4. Boeing
11.5. OneWeb Satellite
11.6. Sierra Nevada Corporation
11.7. Planet Labs Inc.
11.8. Lockheed Martin Corporation
11.9. Arianespace
11.10. Thales Group

* Here we are using SS as a short form of Small Satellite

FIG. 1 Small Satellite (SS) Market: Research methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 SS Market Segmentation
FIG. 4 SS Market, by Type, 2018, (US$ Bn)
FIG. 5 SS Market, by Application, 2018, (US$ Bn)
FIG. 6 SS Market, by End-use, 2018, (US$ Bn)
FIG. 7 SS Market, by Geography, 2018 (US$ Bn)
FIG. 8 SS Market Value, 2017 - 2027, (US$ Bn) and (Y-o-Y %)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Global Market Positioning of Key SS Manufacturers and Launchers, 2018
FIG. 11 SS Market Value Share, by Type, 2018 & 2027 (Value %)
FIG. 12 Global Mini Satellite Market Value, 2017 – 2027, (US$ Bn)
FIG. 13 Global Micro Satellite Market Value, 2017 – 2027, (US$ Bn)
FIG. 14 Global Nano Satellite Market Value, 2017 – 2027, (US$ Bn)
FIG. 15 SS Market Value Share, by Application, 2018 & 2027 (Value %)
FIG. 16 SS Market Value for Earth Observation, 2017 – 2027, (US$ Bn)
FIG. 17 SS Market Value for Satellite Communication, 2017 – 2027, (US$ Bn)
FIG. 18 SS Market Value for Technology Development, 2017 – 2027, (US$ Bn)
FIG. 19 SS Market Value for Science & Exploration, 2017 – 2027, (US$ Bn)
FIG. 20 SS Market Value for Surveillance & Security, 2017 – 2027, (US$ Bn)
FIG. 21 SS Market Value Share, by End-use, 2018 & 2027 (Value %)
FIG. 22 SS Market Value for Civil use, 2017 – 2027, (US$ Bn)
FIG. 23 SS Market Value for Commercial use, 2017 – 2027, (US$ Bn)
FIG. 24 SS Market Value for Defense use, 2017 – 2027, (US$ Bn)
FIG. 25 North America SS Market Value, 2017 – 2027, (US$ Bn)
FIG. 26 Europe SS Market Value, 2017 – 2027, (US$ Bn)
FIG. 27 Asia Pacific SS Market Value, 2017 – 2027, (US$ Bn)
FIG. 28 Rest of the World SS Market Value, 2017 – 2027, (US$ Bn)

TABLE 1 Market Snapshot: Small Satellite (SS) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 SS Market, by Type, 2017-2027, (US$ Bn)
TABLE 5 SS Market, by Application, 2017 – 2027, (US$ Bn)
TABLE 6 SS Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 7 SS Market Value, by Region/Country, 2017 - 2027, (US$ Bn)
TABLE 8 North America SS Market, by Type, 2017-2027, (US$ Bn)
TABLE 9 North America SS Market, by Application, 2017 – 2027, (US$ Bn)
TABLE 10 North America SS Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 11 North America SS Market Value, by Region/Country, 2017 - 2027, (US$ Bn)
TABLE 12 Europe SS Market, by Type, 2017-2027, (US$ Bn)
TABLE 13 Europe SS Market, by Application, 2017 – 2027, (US$ Bn)
TABLE 14 Europe SS Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 15 Europe SS Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 16 Asia Pacific SS Market, by Type, 2017-2027 (US$ Bn)
TABLE 17 Asia Pacific SS Market, by Application, 2017 – 2027 (US$ Bn)
TABLE 18 Asia Pacific SS Market, by End-use, 2017 – 2027 (US$ Bn)
TABLE 19 Asia Pacific SS Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 20 Rest of the World SS Market, by Type, 2017 - 2027, (US$ Bn)
TABLE 21 Rest of the World SS Market, by Application, 2017 – 2027, (US$ Bn)
TABLE 22 Rest of the World SS Market, by End-use, 2017 - 2027, (US$ Bn)
TABLE 23 Rest of the World SS Market Value, by Region, 2017 - 2027, (US$ Bn)
TABLE 24 Space Exploration Technologies Corp.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 25 ISRO: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 26 Blue Origin: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 27 Boeing: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 28 OneWeb Satellite: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 29 Sierra Nevada Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 30 Planet Labs Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 31 Lockheed Martin Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 32 Arianespace: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 33 Thales Group: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)

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