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Small Satellite Market Share

Report ID: GMI5727
Published Date: May 2023
Report Format: PDF

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Small Satellite Market Share

Major companies operating in the small satellite market include:

Airbus
Blue Canyon Technologies
Gomspace
L3Harris Technologies Inc
Lockheed Martin Corporation
Northrop Grumman Corporation
Planet Labs Inc.
Sierra Nevada Corporation
Thales Group

These players are actively taking strategic steps to meet growing demand in the market.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of small satellite was valued at over USD 3 billion in 2022 and will record more than 15% CAGR from 2023 to 2032 driven by the rising need for high performance in complex computing operations, and lower launch & development costs.

The earth observation applications will witness over 16% CAGR from 2032-2032 owing to increasing deployment of hyperspectral sensors, high-resolution cameras, and remote sensing instruments.

North America held over 35% of the small satellite industry share in 2022 owing to the strong presence of leading small satellite manufacturers and ground station operators.

Airbus, Blue Canyon Technologies, Gomspace, L3Harris Technologies Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Planet Labs Inc., Sierra Nevada Corporation, and Thales Group are some of the well-known industry players.