Small Satellite Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2024-32
                     Global Small Satellite 
Market Research and 
Forecast Report 2024-
2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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las t ing resul ts .
A cc o r d i ng  t o  t h e  l a te s t  r e p o r t  b y  I MA R C  G r o up ,  t i t l e d  " S m a l l  S a t e l l i t e  M a r k e t :  G l o b a l  
I n d u s t r y  T re n d s ,  S h a re ,  S i z e ,  Gr o w th ,  O p p o r t u n i ty  an d  F o r e ca s t  2 0 2 4 -
20 3 2 , "  t h e  g l o b a l  s m a l l  sa t e l l i t e  m a r k e t  s i z e  r e a c he d  U S $  4 . 6  B i l l i on  i n  20 2 3 .
Fac tors  A f fec t ing  the  Growth  o f  t he  Smal l  Sa te l l i te  Indus t ry :
Report Technolog ica l  Advancement s :
T he  g ro w t h  o f  t he  sm a l l  sa t e l l i t e  i n d u s t r y  i s  s i g n i f i ca n t l y  d r i ve n  by  r a p i d  t e c hn o l o g i ca l  
ad v a n c e me n t s .  T h e  m i n i a tu r i z a t i o n  o f  c o m p on e n t s ,  i m p ro v e me n t s  i n  m a t e r i a l s  s c i e n c e ,  
Highlight and an d  t h e  d e ve l o p m e n t  o f  m o r e  e f f i c i e n t  p o w e r  sy s t e ms  ha v e  e n ab l e d  t h e  c re a t i o n  o f  
sm a l l e r ,  m o r e  c a p ab l e  s a t e l l i t e s .  I n n o va t i o n s  s u c h  a s  ad v a n c ed  p r o p u l s i o n  sy s t e m s ,  
h i g h - r e so l u t i o n  m i n i a tu r i z e d  se n s o r s ,  a n d  m o r e  e f f i c i e n t  d a t a  p r o c e s s i n g  u n i t s  ha v e  
Description ex p a n d e d  t h e  p o t e n t i a l  a p p l i ca t i o n s  o f  s ma l l  s a te l l i t e s .  
T he s e  a d v an c e m en t s  h a v e  r ed u c e d  t h e  c o s t  o f  bu i l d i n g  a n d  l a u nc h i n g  s a te l l i t e s  a n d  
ha v e  i mp r o v ed  t h e i r  p e r fo r m a nc e  a nd  r e l i ab i l i t y .  T h e  a b i l i t y  t o  i n t e g r a t e  m u l t i p l e  
f un c t i o n a l i t i e s  i n t o  c o m p a c t  d e s i gn s  a l l o w s  sm a l l  s a t e l l i t e s  t o  p e r f o r m  ta s k s  p r e v i o us l y  
r es e r v ed  f o r  l a r ge r ,  m o r e  e xp e n s i v e  s a te l l i t e s ,  s u c h  a s  E a r t h  o b se r v a t i o n ,  
co m m un i c a t i o n ,  a n d  s c i e n t i f i c  r e se a r c h .
Lower Launch Costs:
The reduc t ion  in  launch  cos ts  i s  ano ther  c r i t i ca l  f ac to r  con t r ibu t ing  to  the  
g rowth  o f  the  sma l l  sa te l l i t e  indus t ry .  T rad i t iona l ly ,  launch ing  sa te l l i t es  in to  
o rb i t  was  p roh ib i t i ve ly  expens ive ,  l im i t ing  access  to  space  fo r  many  
o rgan iza t ions .  However ,  t he  adven t  o f  reusab le  launch  veh ic les ,  r ideshare  
p rograms ,  and  ded ica ted  sma l l  sa te l l i t e  launchers  has  s ign i f i can t ly  lowered  
Report these  cos ts .  
Compan ies  such  as  SpaceX,  Rocke t  Lab ,  and  o thers  have  p ioneered  new 
Highlight and methods  to  make  space  more  access ib le  and  a f fo rdab le .  R ideshar ing  a l l ows  
mu l t ip le  sma l l  sa te l l i t es  to  share  a  s ing le  launch ,  f u r the r  reduc ing  ind iv idua l  
cos ts .  Th is  democra t iza t ion  o f  space  access  has  enab led  a  d ive rse  range  o f  
Description en t i t ies ,  inc lud ing  s ta r tups ,  un ive rs i t ies ,  and  deve lop ing  coun t r ies ,  t o  
pa r t i c ipa te  in  space  ac t iv i t i es ,  t he reby  s t imu la t ing  indus t ry  g rowth .
Increasing Demand for  Satel l i te-Based Services:
The esca la t ing  demand fo r  sa te l l i t e -based  se rv ices  ac ross  va r ious  sec to rs  i s  
p rope l l ing  the  g rowth  o f  t he  sma l l  sa te l l i te  indus t ry .  Sma l l  sa te l l i t es  a re  
inc reas ing ly  be ing  used  fo r  app l i ca t ions  such  as  Ear th  observa t ion ,  
te lecommun ica t ions ,  and  In te rne t  o f  Th ings  ( IoT)  connec t iv i t y .
Governmen ts  and  p r i va te  en te rp r ises  a re  inves t ing  in  sma l l  sa te l l i t e  
cons te l l a t ions  to  p rov ide  g loba l  b roadband  coverage ,  mon i to r  c l ima te  change ,  
and  enhance  na t iona l  secur i t y .  The  agr icu l tu re  indus t ry  uses  sa te l l i t e  da ta  fo r  
p rec is ion  fa rming ,  wh i le  d isas te r  management  agenc ies  re ly  on  rea l - t ime  
image ry  fo r  e f fec t ive  response .  Add i t i ona l ly ,  t he  ab i l i t y  to  dep loy  and  rep lace  
sma l l  sa te l l i t es  qu ick ly  o f fe rs  a  s t ra teg ic  advan tage  in  ma in ta in ing  up- to -da te  
Report techno logy  and  da ta .  Th is  g rowing  re l iance  on  sa te l l i t e  se rv ices  unde rscores  
the  c r i t i ca l  ro le  sma l l  sa te l l i t es  p lay  in  modern  soc ie ty  and  the i r  po ten t ia l  f o r  
Highlight and con t inued  indus t ry  expans ion .
Description Request  for  a  PDF sample  o f  th is  repor t :  
h t tps : / /www. imarcgroup .com/sma l l -sa te l l i t e -marke t / reques tsamp le
Report Description
Global  Small  Satel l i te Market  Trends:
The g lobal  smal l  sate l l i te  market  is  exper ienc ing rap id  growth,  dr iven by severa l  key t rends.  The 
pro l i fera t ion of  smal l  sate l l i te  conste l la t ions for  broadband in ternet ,  such as SpaceX's  Star l ink  and 
OneWeb,  is  a  major  dr iver ,  a iming to  prov ide g loba l  connect iv i ty .  Bes ides th is ,  ongoing technolog ica l  
advancements  in  min ia tur izat ion and increased capabi l i t ies  are enab l ing more cost -e f fec t ive and versat i le  
sate l l i tes .  
Addi t iona l ly ,  the r ise o f  commerc ia l  space companies o f fer ing dedica ted smal l  sate l l i te  launch serv ices,  
such as Rocket  Lab and V i rg in  Orb i t ,  i s  mak ing  access to  space more af fordable  and f requent .  There 's  a lso 
a  growing in terest  f rom government  and defense sectors  for  surve i l lance,  reconnaissance,  and 
communicat ion appl icat ions.  Fur thermore,  the in tegrat ion of  smal l  sate l l i tes  in  IoT  networks and the i r  use 
in  Ear th  observat ion for  env i ronmenta l  moni tor ing and d isaster  management  are expanding the i r  u t i l i t y .  
View Report  TOC,  F igures and Tables :  ht tps: / /www.imarcgroup.com/smal l -satel l i te-market
Breakup by Component:
• Payloads and Structures
• Electr ic Power System
• Solar Panels  and Antenna System
• Propulsion System
• Others
Report 
Breakup by Type:
Segmentation • Mini Satel l i te
• Micro Satel l i te
• Nano Satel l i te
• Others
Breakup by Frequency:
• L-Band
• S-Band
• C-Band
• X-Band
• Ku-Band
• Ka-Band
• Q/V-Band
Report • HF/VHF/UHF-Band
•
Segmentation Others
Breakup by Application:
• Communicat ion
• Earth Observat ion and Remote Sensing
• Science and Exploration
• Mapping and Navigation
• Space Observat ion
• Others
Breakup by End User:
• Commercial
• Academic
Report • Government and Mi l i tary
• Others
Segmentation
Breakup by Region:
• North America
• Asia-Pacifi c
• Europe
• Latin America
• Middle East and Afr ica
• AAC Clyde Space
• Airbus SE
• Ball  Corporation
• Blue Canyon Technologies (Raytheon 
Technologies Corporation)
Competitive • Exolaunch Gmbh
Landscape • GomSpace
•
with Key L3Harris Technologies Inc.
• Lockheed Martin Corporation
Players • Mil lennium Space Systems Inc. (The 
Boeing Company)
• Northrop Grumman Corporation
• Spire Global  Inc.
• The Aerospace Corporation.
What was the size of the global small satellite 
market in 2023?
What is the expected growth rate of the global 
small satellite market during 2024-2032?
Key 
Questions What are the key factors driving the global small satellite market?
Answered in 
the Report What has been the impact of COVID-19 on the global small satellite market?
What is the breakup of the global small satellite 
market based on the component?
What is the breakup of the global small satellite 
market based on the frequency?
What is the breakup of the global small satellite 
market based on application?
What is the breakup of the global small satellite 
market based on the end user?
Key 
Questions What are the key regions in the global small satellite market?
Answered in 
Who are the key players/companies in the global 
the Report small satellite market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
Table of         2 . 4 . 1     B o t t o m - U p  A p p r o a c h        2 . 4 . 2     T o p - D o w n  A p p r o a c h
    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
Contents     4 . 1     O v e r v i e w    4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  S m a l l  S a t e l l i t e  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  C o m p o n e n t
    6 . 1     P a y l o a d s  a n d  S t r u c t u r e s
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     E l e c t r i c  P o w e r  S y s t e m
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
    6 . 3     S o l a r  P a n e l s  a n d  A n t e n n a  S y s t e m
        6 . 3 . 1  M a r k e t  T r e n d s
        6 . 3 . 2  M a r k e t  F o r e c a s t
       
    6 . 4     P r o p u l s i o n  S y s t e m
        6 . 4 . 1  M a r k e t  T r e n d s
        6 . 4 . 2  M a r k e t  F o r e c a s t
    6 . 5     O t h e r s
        6 . 5 . 1  M a r k e t  T r e n d s
        6 . 5 . 2  M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  T y p e
    7 . 1     M i n i  S a t e l l i t e
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
    7 . 2     M i c r o  S a t e l l i t e
Table of         7 . 2 . 1  M a r k e t  T r e n d s        7 . 2 . 2  M a r k e t  F o r e c a s t
    7 . 3     N a n o  S a t e l l i t e
        7 . 3 . 1  M a r k e t  T r e n d s
Contents         7 . 3 . 2  M a r k e t  F o r e c a s t    7 . 4     O t h e r s
        7 . 4 . 1  M a r k e t  T r e n d s
        7 . 4 . 2  M a r k e t  F o r e c a s t
8    M a r k e t  B r e a k u p  b y  F r e q u e n c y
    8 . 1     L - B a n d
        8 . 1 . 1  M a r k e t  T r e n d s
        8 . 1 . 2  M a r k e t  F o r e c a s t
    8 . 2     S - B a n d
        8 . 2 . 1  M a r k e t  T r e n d s
        8 . 2 . 2  M a r k e t  F o r e c a s t
    8 . 3     C - B a n d
        8 . 3 . 1  M a r k e t  T r e n d s
        8 . 3 . 2  M a r k e t  F o r e c a s t
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
ht t ps : / /w ww. i ma rc gro up . c o m /s m a l l - sa t e l l i t e -m a rke t / t o c
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