Abstract
Summary
The small satellite market is projected to grow from USD 3.2 Billion in 2022 to USD 7.0 Billion by 2028, at a CAGR of 16.8 % during the forecast period. The growth of this market can be attributed to the increasing need for secure satellite communications for military missions and commercial applications. Additionally technological advancements in small satellite systems, such as laser/optical band communications technologies are driving the market.
The CubeSat segment is projected to witness the highest CAGR during the forecast period.
Based on mass, the CubeSat segment of the small satellite market is projected to hold the highest growth rate during the forecast period. CubeSats are used for a variety of missions by governments, universities, and private businesses due to their low cost and fast turnaround time. The development of new technologies and improvements in launch systems also contributed to the growth of the CubeSat market.
The laser/optical band segment is projected to dominate the small satellite market by frequency
Based on Frequency, the laser/optical band segment is projected to dominate the market share during the forecast period. The laser/optical band enhance the communication capabilities. The most promising commercial applications can be found in the interconnection of satellites or high-altitude platforms to build high-performance optical backbone networks. Corporations like SpaceX, Facebook, Google, and a series of start-ups are currently working on various concepts based on laser communication technology.
North America is expected to account for the largest market share in 2023
The small satellite market industry has been studied in North America, Europe, Asia Pacific, Middle East and Africa and Latin America. North America accounted for the largest market share in 2022. The US leads the market in North America with a large number of companies and startups operating in the industry. The country is also home to some of the world's leading small satellite manufacturers and operators, such as SpaceX, Blue Origin, and Planet Labs.
The break-up of the profile of primary participants in the SMALL SATELLITE market:
• By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
• By Designation: C Level – 30%, Director Level – 20%, Others-50%
• By Region: North America –35%, Europe – 20%, Asia Pacific – 30%, Middle East & Africa – 10%, and Latin America – 5%
Prominent companies include Sierra Nevada Corporation (US), L3Harris Technologies, Inc. (US), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), and Airbus Defence and Space (Germany) among others.
Research Coverage:
This research report categorizes the small satellite market by Application (Communication, Earth Observation, Education, Technology, Others), by Subsystem (Satellite bus, Payload, Solar Panel, Satellite Antenna, Others), by Orbit (LEO, GEO, MEO, Others), by Mass (Small Satellite, CubeSat), by End-use (commercial, government & defense), Frequency ( L-Band, S-Band, C-Band, X-Band, Ku-Band, Ka-Band, Q/V Band, HF/VHF/UHF- Band, & Laser/Optical) and region (North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the small satellite market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product & service launches, mergers and acquisitions, and recent developments associated with the small satellite market. Competitive analysis of upcoming startups in the small satellite market ecosystem is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall small satellite market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on small satellite offered by the top players in the market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the small satellite market
• Market Development: Comprehensive information about lucrative markets – the report analyses the small satellite market across varied regions
• Market Diversification: Exhaustive information about new products & 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
Table of Contents
1 INTRODUCTION 41
1.1 STUDY OBJECTIVES 41
1.2 MARKET DEFINITION 41
1.3 INCLUSIONS AND EXCLUSIONS 42
1.3.1 MARKETS COVERED 42
1.3.2 REGIONAL SCOPE 43
1.3.3 YEARS CONSIDERED 43
1.4 CURRENCY AND PRICING 44
1.5 LIMITATIONS 44
1.6 STAKEHOLDERS 45
1.7 SUMMARY OF CHANGES 45
2 RESEARCH METHODOLOGY 46
2.1 RESEARCH DATA 46
2.1.1 SECONDARY DATA 47
- 2.1.1.1 Secondary sources 48
2.1.2 PRIMARY DATA 48
- 2.1.2.1 Key data from primary sources 49
- 2.1.2.2 Key data from primary sources 49
- 2.1.2.3 Key primary sources 50
2.1.3 BREAKDOWN OF PRIMARIES 50
2.2 FACTOR ANALYSIS 51
2.2.1 INTRODUCTION 51
2.2.2 DEMAND-SIDE INDICATORS 51
2.2.3 SUPPLY-SIDE INDICATORS 51
2.2.4 SEGMENTS AND SUBSEGMENTS 52
2.3 RESEARCH APPROACH AND METHODOLOGY 53
2.3.1 BOTTOM-UP APPROACH 53
- 2.3.1.1 Market size estimation & methodology 53
2.3.2 TOP-DOWN APPROACH 54
2.4 DATA TRIANGULATION 55
2.5 RECESSION IMPACT ANALYSIS 56
2.6 RESEARCH ASSUMPTIONS 56
2.7 LIMITATIONS 56
2.8 RISK ANALYSIS 56
3 EXECUTIVE SUMMARY 57
4 PREMIUM INSIGHTS 62
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN SMALL SATELLITE MARKET 62
4.2 SMALL SATELLITE MARKET, BY SUBSYSTEM 62
4.3 SMALL SATELLITE BUS MARKET, BY SUBTYPE 63
4.4 SMALL SATELLITE PROPULSION MARKET, BY TYPE 63
4.5 SMALL SATELLITE PAYLOAD MARKET, BY PAYLOAD TYPE 64
4.6 SMALL SATELLITE PAYLOAD MARKET, BY TRADITIONAL PAYLOAD TYPE 64
4.7 SMALL SATELLITE MARKET, BY COUNTRY 65
5 MARKET OVERVIEW 66
5.1 INTRODUCTION 66
5.2 MARKET DYNAMICS 67
5.2.1 DRIVERS 67
- 5.2.1.1 Growing demand for LEO-based small satellites 67
- 5.2.1.2 Rising need for Earth observation imagery and analytics 68
- 5.2.1.3 Technological advancements in software-defined payloads for communication satellites 69
- 5.2.1.4 Increasing number of space exploration missions 69
- 5.2.1.5 Cost-effectiveness of small satellites compared to conventional satellites 69
5.2.2 RESTRAINTS 70
- 5.2.2.1 Absence of unified regulations and government policies across nations 70
- 5.2.2.2 Lack of dedicated small satellite launch vehicles 71
5.2.3 OPPORTUNITIES 71
- 5.2.3.1 Use of software-defined technology for flexibility to alter space missions 71
- 5.2.3.2 Development of satellite network to provide internet access in areas without broadband connectivity 72
- 5.2.3.3 Increased government investments in space agencies 72
- 5.2.3.4 Increased use of small satellites in various applications 73
5.2.4 CHALLENGES 74
- 5.2.4.1 Concerns over space debris 74
- 5.2.4.2 Complex propulsion systems 74
- 5.2.4.3 Telemetry, tracking, and command issues 75
- 5.2.4.4 Raising capital and funding for satellite manufacturing and launch 75
- 5.2.4.5 Qualitative limitation of small satellites 75
5.3 RECESSION IMPACT ANALYSIS 76
5.4 VALUE CHAIN ANALYSIS OF SMALL SATELLITE MARKET 76
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 78
5.5.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR SMALL SATELLITE SYSTEM MANUFACTURERS 78
5.6 SMALL SATELLITE MARKET ECOSYSTEM 78
5.6.1 PROMINENT COMPANIES 78
5.6.2 PRIVATE AND SMALL ENTERPRISES 78
5.6.3 ECOSYSTEM 79
5.7 PORTER’S FIVE FORCES ANALYSIS 80
5.7.1 THREAT OF NEW ENTRANTS 81
5.7.2 THREAT OF SUBSTITUTES 81
5.7.3 BARGAINING POWER OF SUPPLIERS 81
5.7.4 BARGAINING POWER OF BUYERS 82
5.7.5 INTENSITY OF COMPETITIVE RIVALRY 82
5.8 PRICING ANALYSIS 82
5.8.1 AVERAGE PRICE ANALYSIS OF SMALL SATELLITES IN 2022 82
5.9 TARIFF AND REGULATORY LANDSCAPE 83
5.9.1 NORTH AMERICA 83
5.9.2 EUROPE 84
5.9.3 ASIA PACIFIC 85
5.9.4 REST OF THE WORLD 85
5.10 TRADE ANALYSIS 86
5.11 PATENT ANALYSIS 87
5.12 KEY STAKEHOLDERS AND BUYING CRITERIA 90
5.12.1 KEY STAKEHOLDERS ON BUYING PROCESS 90
5.12.2 BUYING CRITERIA 91
5.13 KEY CONFERENCES AND EVENTS, 2022-23 92
5.14 TECHNOLOGY ANALYSIS 92
5.14.1 KEY TECHNOLOGY 92
- 5.14.1.1 Development of CubeSat constellations to enhance communication 92
- 5.14.1.2 Miniaturization in space technology 92
5.14.2 SUPPORTING TECHNOLOGY 93
- 5.14.2.1 Hyperspectral and multispectral imaging 93
5.15 USE CASE ANALYSIS 93
5.15.1 USE CASE: CUBESATS FOR INTERPLANETARY MISSIONS 93
5.15.2 USE CASE: SMALL SATELLITES FOR IOT AND COMMUNICATIONS 94
5.15.3 USE CASE: SPACE-BASED GLOBAL WIRELESS MONITORING SYSTEMS 94
5.15.4 MEASUREMENTS OF MAGNETIC AND ELECTRIC FIELDS ON EARTH’S IONOSPHERE 94
5.15.5 USE CASE: REAL-TIME DATA FOR EMERGENCY SYSTEMS 95
5.15.6 USE CASE: SATELLITE RADIATION HARDNESS TEST 95
5.16 OPERATIONAL DATA 95
6 INDUSTRY TRENDS 96
6.1 INTRODUCTION 96
6.2 SUPPLY CHAIN ANALYSIS 96
6.3 TECHNOLOGY TRENDS 97
6.3.1 EVOLUTION OF NANOSATELLITES AND MICROSATELLITES 97
6.3.2 DEVELOPMENT OF SMALL SATELLITE CONSTELLATIONS TO ENHANCE COMMUNICATION 98
6.3.3 3D PRINTING OF SATELLITE EQUIPMENT 98
6.3.4 USE OF SMALL SATELLITES TO PROVIDE ENHANCED SPACE IMAGERY 99
6.3.5 DEVELOPMENT OF DEDICATED LAUNCH VEHICLES FOR SMALL SATELLITES 99
6.3.6 DISTRIBUTED ELECTRIC POWER SYSTEM (EPS) IN SMALL SATELLITE APPLICATIONS 101
6.3.7 ENERGY STORAGE (PRIMARY & SECONDARY BATTERIES) 101
6.4 IMPACT OF MEGATRENDS 102
6.4.1 HYBRID BEAMFORMING METHODS 102
6.4.2 DEVELOPMENT OF NEW-GENERATION CUBESAT FOR LUNAR EXPLORATION 103
6.4.3 COGNITIVE RADIO (SDR-CR) TECHNOLOGY 103
6.4.4 SHIFT IN GLOBAL ECONOMIC POWER 103
7 SMALL SATELLITE MARKET, BY MASS 104
7.1 INTRODUCTION 105
7.2 SMALL SATELLITE 106
7.3 MINISATELLITES (100-500 KG) 107
7.3.1 WIDELY USED FOR COMMUNICATION AND BROADBAND INTERNET 107
7.4 MICROSATELLITES (10-100 KG) 107
7.4.1 CAN FUNCTION AS EFFECTIVE TACTICAL COMMUNICATION DEVICES FOR MILITARY APPLICATIONS 107
7.5 NANOSATELLITES (1-10 KG) 107
7.5.1 USED FOR VARIOUS APPLICATIONS, SUCH AS EARTH OBSERVATION AND RECONNAISSANCE MISSIONS 107
7.6 OTHERS (PICOSATELLITES AND FEMTOSATELLITES) 108
7.7 CUBESAT 108
7.8 0.25-0.5U 109
7.8.1 0.25-0.5U CUBESATS DEPLOYED FOR INTERPLANETARY MISSIONS 109
7.9 1U 110
7.9.1 KEY FOCUS ON DEVELOPING 1U CUBESATS FOR COMMUNICATION 110
7.10 2U 110
7.10.1 2U CUBESATS USED FOR TESTING EMERGING TECHNOLOGIES 110
7.11 3U 110
7.11.1 3U CUBESATS USED FOR EARTH OBSERVATION AND TRAFFIC MONITORING 110
7.12 6U 110
7.12.1 INCREASING DEMAND FOR 6U CUBESATS FOR SPACE SCIENCE MISSIONS TO DRIVE SEGMENT 110
7.13 >12U 111
7.13.1 >12U CUBESATS USED IN DEEP SPACE MISSIONS AND RESEARCH 111
8 SMALL SATELLITE MARKET, BY SUBSYSTEM 112
8.1 INTRODUCTION 113
8.1.1 SUBSYSTEM: MARKET DRIVERS 113
8.2 SATELLITE BUS 114
8.2.1 ATTITUDE & ORBITAL CONTROL SYSTEM 115
- 8.2.1.1 Need for stability of payloads and pointing accuracy to drive segment 115
8.2.2 COMMAND & DATA HANDLING (C&DH) SYSTEM 115
- 8.2.2.1 C&DH system controls overall operations of small satellites 115
8.2.3 ELECTRICAL POWER SYSTEM (EPS) 116
- 8.2.3.1 Technological advancements in electrical power systems drive their demand 116
8.2.4 PROPULSION SYSTEM 116
- 8.2.4.1 Chemical propulsion 117
- 8.2.4.1.1 Technological innovations to drive demand for chemical propulsion 117
- 8.2.4.2 Electric propulsion 117
- 8.2.4.2.1 Improved performance of new-generation systems to drive market 117
- 8.2.4.3 Hybrid propulsion 118
- 8.2.4.3.1 Demand for low-cost launch vehicles to drive segment 118
- 8.2.4.1 Chemical propulsion 117
8.2.5 TELEMETRY, TRACKING, & COMMAND (TT&C) 118
- 8.2.5.1 Need for effective communication between satellites and ground stations to fuel segment 118
8.2.6 STRUCTURE 118
- 8.2.6.1 Standardized structures enable proper placement of systems in satellites 118
8.2.7 THERMAL SYSTEM 119
- 8.2.7.1 Need for miniaturized thermal management systems to fuel market 119
8.3 PAYLOAD 119
8.3.1 TRADITIONAL PAYLOADS 120
- 8.3.1.1 Optical & infrared 120
- 8.3.1.1.1 Increased demand for earth observation and remote sensing applications to drive segment 120
- 8.3.1.2 Hyperspectral & multispectral 121
- 8.3.1.2.1 Increased need for applications like mapping & remote sensing to drive demand 121
- 8.3.1.3 Radar 121
- 8.3.1.3.1 Need for high-resolution remote sensing to drive demand 121
- 8.3.1.4 Communication payload/transponder 122
- 8.3.1.4.1 Increasing need for efficient communication for small satellites to drive demand 122
- 8.3.1.5 Others 122
- 8.3.1.1 Optical & infrared 120
8.3.2 SOFTWARE-DEFINED PAYLOADS 122
- 8.3.2.1 Use of software-defined technology for flexibility to alter space missions to drive segment 122
8.4 SOLAR PANEL 123
8.5 SATELLITE ANTENNA 123
8.5.1 WIRE ANTENNAS 123
- 8.5.1.1 Monopole 123
- 8.5.1.1.1 Monopole antennas provide shorter signals with wider coverage area 123
- 8.5.1.2 Dipole 124
- 8.5.1.2.1 Dipole antennas used for radio transmitting and receiving applications 124
- 8.5.1.1 Monopole 123
8.5.2 HORN ANTENNAS 124
- 8.5.2.1 Horn antennas used for earth observation due to their wide range of frequency 124
8.5.3 ARRAY ANTENNAS 124
- 8.5.3.1 Advancements in solid-state technology to make phased array antennas more cost-effective 124
8.5.4 REFLECTOR ANTENNAS 124
- 8.5.4.1 Used as high-gain antennas in microwave relay 124
- 8.5.4.2 Parabolic reflectors 125
- 8.5.4.2.1 Parabolic reflectors used for point-to-point communication 125
- 8.5.4.3 Double reflectors 125
- 8.5.4.3.1 Double reflectors have better gain than other antennas 125
8.6 OTHERS 125
9 SMALL SATELLITE MARKET, BY APPLICATION 126
9.1 INTRODUCTION 127
9.1.1 APPLICATIONS: MARKET DRIVERS 127
9.2 COMMUNICATION 128
9.2.1 DEVELOPMENT OF EFFICIENT MINIATURE COMMUNICATION SYSTEMS TO DRIVE MARKET 128
9.3 EARTH OBSERVATION 129
9.3.1 COMPACT NATURE OF SMALL SATELLITES LED TO EFFICIENT EARTH OBSERVATION AND REMOTE SENSING 129
9.4 EDUCATION 129
9.4.1 ADVANCEMENTS IN TECHNOLOGY AND MINIATURIZATION OF SUBCOMPONENTS TO FACILITATE USE OF SMALL SATELLITES FOR NEW SPACE SCIENCE MISSIONS 129
9.5 TECHNOLOGY 130
9.5.1 INCREASED INVESTMENTS IN SMALL SATELLITES TO DEVELOP BETTER NAVIGATION AND TRACKING TECHNOLOGIES TO DRIVE MARKET 130
9.6 OTHERS 130
9.6.1 INCREASED FOCUS ON SECURITY AND SPACE EXPLORATION & OBSERVATION TO DRIVE MARKET 130
10 SMALL SATELLITE MARKET, BY END USE 132
10.1 INTRODUCTION 133
10.1.1 END USE: MARKET DRIVERS 133
10.2 COMMERCIAL 134
10.2.1 SATELLITE OPERATORS/OWNERS 135
- 10.2.1.1 Extensive use of small satellites for commercialization and data transferability to drive market 135
10.2.2 MEDIA & ENTERTAINMENT 135
- 10.2.2.1 Increasing demand for on-demand and streaming information and entertainment to drive market 135
10.2.3 ENERGY INDUSTRY 135
- 10.2.3.1 Demand for monitoring structural integrity of nuclear power stations to drive market 135
10.2.4 SCIENTIFIC RESEARCH & DEVELOPMENT 136
- 10.2.4.1 Endless prospects in space research to create market opportunities 136
10.2.5 OTHERS 136
10.3 GOVERNMENT & DEFENSE 136
10.3.1 DEPARTMENT OF DEFENSE & INTELLIGENCE AGENCIES 137
- 10.3.1.1 Increasing demand for real-time data and imaging to trigger market growth 137
10.3.2 NATIONAL SPACE AGENCIES 138
- 10.3.2.1 Small satellites lead to efficient Earth observation and remote sensing 138
10.3.3 SEARCH AND RESCUE ENTITIES 138
- 10.3.3.1 Need for Earth observation for search & rescue operations to drive demand 138
10.3.4 ACADEMIC & RESEARCH INSTITUTIONS 138
- 10.3.4.1 Increasing government support to train students in small satellite development to drive demand 138
10.3.5 NATIONAL MAPPING & TOPOGRAPHIC AGENCIES 138
- 10.3.5.1 Increased investments in small satellites to improve GPS-based navigation to trigger demand 138
10.4 DUAL-USE 139
10.4.1 INCREASING LAUNCHES OF SATELLITES FOR BETTER CONNECTIVITY AND PROVISION OF HIGH-SPEED DATA TO DRIVE MARKET 139
11 SMALL SATELLITE MARKET, BY FREQUENCY 140
11.1 INTRODUCTION 141
11.1.1 FREQUENCY: MARKET DRIVERS 141
11.2 L-BAND 142
11.2.1 EXTENSIVELY USED IN DATA COMMUNICATIONS AND TRAFFIC INFORMATION 142
11.3 S-BAND 142
11.3.1 LOW DRAG AND LIGHTWEIGHT S-BAND ANTENNAS PREFERRED FOR SPACE OPERATIONS 142
11.4 C-BAND 143
11.4.1 SMALL SATELLITES WITH C-BAND FREQUENCY USED FOR NAVIGATION PURPOSES 143
11.5 X-BAND 143
11.5.1 INCREASED USE OF X-BAND TO PROVIDE HIGH-THROUGHPUT COMMUNICATION FROM SPACECRAFT TO GROUND STATIONS TO DRIVE MARKET 143
11.6 KU-BAND 143
11.6.1 NEED FOR WIDER-RANGE DATA COMMUNICATION TO DRIVE DEMAND 143
11.7 KA-BAND 144
11.7.1 KA-BAND ANTENNAS USED FOR HIGH-BANDWIDTH COMMUNICATION 144
11.8 Q/V-BAND 144
11.8.1 Q/V BAND ANTENNAS REDUCE SIGNAL FADING AT HIGH-FREQUENCY BANDS 144
11.9 HF/VHF/UHF-BAND 144
11.9.1 HF/VHF/UHF BAND ANTENNAS EXTENSIVELY USED FOR CUBESAT COMMUNICATION 144
11.10 LASER/OPTICAL-BAND 144
11.10.1 LASER/OPTICAL BAND COMMUNICATION IN SPACE OPENS VIRTUALLY UNLIMITED CAPACITIES WITHOUT REGULATIONS 144
12 SMALL SATELLITE MARKET, BY ORBIT 145
12.1 INTRODUCTION 146
12.2 LOW EARTH ORBIT (LEO) 147
12.2.1 INCREASED DEMAND FOR LEO CONSTELLATION SATELLITES DEVELOPED BY SPACEX TO DRIVE SEGMENT 147
12.3 MEDIUM EARTH ORBIT (MEO) 148
12.3.1 INCREASING DEMAND FOR SATELLITE SERVICES FOR TELECOMMUNICATIONS & MOBILE BROADBAND APPLICATIONS TO FUEL SEGMENT GROWTH 148
12.4 GEOSTATIONARY EARTH ORBIT (GEO) 148
12.4.1 GEO SATELLITES OPERATE AT HIGH ALTITUDES, AND PAYLOADS CARRIED BY THEM HAVE LONG LIFE EXPECTANCY 148
13 SMALL SATELLITE MARKET, BY REGION 149
13.1 INTRODUCTION 150
13.1.1 REGIONAL RECESSION IMPACT ANALYSIS 150
13.2 NORTH AMERICA 155
13.2.1 PESTLE ANALYSIS: NORTH AMERICA 155
13.2.2 US 158
- 13.2.2.1 Increasing use of small satellites in agriculture to drive market 158
13.2.3 CANADA 160
- 13.2.3.1 Government initiatives towards space exploration and earth observation to drive market 160
13.3 EUROPE 162
13.3.1 PESTLE ANALYSIS: EUROPE 162
13.3.2 RUSSIA 166
- 13.3.2.1 Growing reliance on self-developed space systems to drive market 166
13.3.3 UK 167
- 13.3.3.1 Innovations in satellite technologies to drive market 167
13.3.4 GERMANY 169
- 13.3.4.1 Increasing demand for Earth observation and communication to drive market 169
13.3.5 FINLAND 171
- 13.3.5.1 Increasing partnerships among local companies to boost market 171
13.3.6 ITALY 172
- 13.3.6.1 Demand for Earth observation and science missions to drive market 172
13.3.7 REST OF EUROPE 174
13.4 ASIA PACIFIC 176
13.4.1 PESTLE ANALYSIS: ASIA PACIFIC 176
13.4.2 CHINA 181
- 13.4.2.1 Dependence on self-made space technology led to increased satellite launches in China 181
13.4.3 INDIA 182
- 13.4.3.1 12.4.4.1 Upcoming space initiatives to drive market 182
13.4.4 JAPAN 184
- 13.4.4.1 Involvement of private companies in government space programs to drive market 184
13.4.5 SOUTH KOREA 186
- 13.4.5.1 Increased government funding to provide significant opportunities for market growth 186
13.4.6 AUSTRALIA 188
- 13.4.6.1 Government support to new manufacturers for opening new facilities to drive market 188
13.4.7 REST OF ASIA PACIFIC 190
13.5 MIDDLE EAST & AFRICA 192
13.5.1 PESTLE ANALYSIS: MIDDLE EAST & AFRICA 192
13.5.2 SAUDI ARABIA 196
- 13.5.2.1 Collaboration between government and universities for technological advancements in space systems to drive market 196
13.5.3 ISRAEL 197
- 13.5.3.1 Increased private investments in space technology to drive market 197
13.5.4 UAE 199
- 13.5.4.1 Need for advanced satellite systems for border control to drive market 199
13.5.5 REST OF MIDDLE EAST & AFRICA 201
13.6 LATIN AMERICA 202
13.6.1 PESTLE ANALYSIS: LATIN AMERICA 203
13.6.2 MEXICO 206
- 13.6.2.1 Collaborative studies and CubeSat launch initiatives by universities to drive market 206
13.6.3 ARGENTINA 208
- 13.6.3.1 Increasing need for improving space situational awareness to drive market 208
13.6.4 REST OF LATIN AMERICA 210
14 COMPETITIVE LANDSCAPE 212
14.1 INTRODUCTION 212
14.2 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022 212
14.3 RANKING ANALYSIS OF TOP 5 PLAYERS, 2022 217
14.4 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS, 2022 217
14.5 COMPANY PRODUCT FOOTPRINT ANALYSIS 218
14.6 COMPANY EVALUATION QUADRANT 222
14.6.1 STARS 222
14.6.2 EMERGING LEADERS 222
14.6.3 PERVASIVE PLAYERS 222
14.6.4 PARTICIPANTS 222
14.6.5 START-UP/SME EVALUATION QUADRANT 224
- 14.6.5.1 Progressive companies 224
- 14.6.5.2 Responsive companies 224
- 14.6.5.3 Starting blocks 224
- 14.6.5.4 Dynamic companies 224
14.7 COMPETITIVE SCENARIO AND TRENDS 228
14.7.1 PRODUCT LAUNCHES 228
14.7.2 DEALS 229
14.7.3 OTHERS 244
15 COMPANY PROFILES 245
15.1 INTRODUCTION 245
15.2 KEY PLAYERS 246
15.2.1 LOCKHEED MARTIN CORPORATION 246
15.2.2 SIERRA NEVADA CORPORATION 251
15.2.3 L3HARRIS TECHNOLOGIES, INC. 254
15.2.4 NORTHROP GRUMMAN CORPORATION 258
15.2.5 AIRBUS DEFENCE AND SPACE 262
15.2.6 SURREY SATELLITE TECHNOLOGY LTD. 266
15.2.7 THALES GROUP 270
15.2.8 GOMSPACE 273
15.2.9 PLANET LABS INC. 278
15.2.10 RAYTHEON TECHNOLOGIES CORPORATION 281
15.2.11 OHB SE 286
15.2.12 MAXAR TECHNOLOGIES 289
15.2.13 SPACE EXPLORATION TECHNOLOGIES CORP. (SPACEX) 291
15.2.14 AEROSPACE CORPORATION 294
15.2.15 MITSUBISHI ELECTRIC CORPORATION 296
15.2.16 EXOLAUNCH GMBH 299
15.2.17 PUMPKIN, INC. 302
15.2.18 BALL AEROSPACE & TECHNOLOGIES 304
15.2.19 DAURIA AEROSPACE LTD. 306
15.2.20 AAC CLYDE SPACE 307
15.2.21 MILLENNIUM SPACE SYSTEMS, INC. 311
15.3 OTHER PLAYERS 313
15.3.1 ENDUROSAT 313
15.3.2 SWARM TECHNOLOGIES 314
15.3.3 NANOAVIONICS 315
15.3.4 ALÉN SPACE 316
15.3.5 NEARSPACE LAUNCH, INC. 317
15.3.6 SPIRE GLOBAL, INC. 318
15.3.7 EARTH-I, INC. 318
15.3.8 TERRAN ORBITAL 319
15.3.9 ALBA ORBITAL 320
15.3.10 SATELLOGIC 321
16 APPENDIX 322
16.1 DISCUSSION GUIDE 322
16.1.1 SMALL SATELLITE MARKET (2023-2028) 322
16.1.2 SECTION-1: INTRODUCTION 322
16.1.3 SECTION-2: MARKET DYNAMICS 322
16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 324
16.3 CUSTOMIZATION OPTIONS 326
16.4 RELATED REPORTS 326
16.5 AUTHOR DETAILS 327