

The global Small Satellite market size is predicted to grow from US$ 1423 million in 2025 to US$ 4188 million in 2031; it is expected to grow at a CAGR of 19.7% from 2025 to 2031.
Small satellites are satellites of low mass and size, usually under 500 kg (1,100 lb). While all such satellites can be referred to as "small", different classifications are used to categorize them based on mass. Satellites can be built small to reduce the large economic cost of launch vehicles and the costs associated with construction. Miniature satellites, especially in large numbers, may be more useful than fewer, larger ones for some purposes ā for example, gathering of scientific data and radio relay.
Global Small Satellite key players include Lockheed Martin, Northrop Gruman, Raytheon, etc. Global top three manufacturers hold a share about 50%.
United States is the largest market, with a share over 70%, followed by Europe and China, both have a share about 25 percent.
In terms of product, Nanosatellite is the largest segment, with a share over 50%. And in terms of application, the largest application is National Security, followed by Commerce.
The āSmall Satellite Industry Forecastā looks at past sales and reviews total world Small Satellite sales in 2024, providing a comprehensive analysis by region and market sector of projected Small Satellite sales for 2025 through 2031. With Small Satellite sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Small Satellite industry.
This Insight Report provides a comprehensive analysis of the global Small Satellite landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Small Satellite portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firmsā unique position in an accelerating global Small Satellite market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Small Satellite and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Small Satellite.
This report presents a comprehensive overview, market shares, and growth opportunities of Small Satellite market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Microsatellite
Nanosatellite
Segmentation by Application:
National Security
Science & Environment
Commerce
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Lockheed Martin
Northrop Gruman
Raytheon
Dynetics
Surrey Satellite Technology
Axelspace
Sierra Nevada
Clyde Space
Planet Labs
Dauria Aerospace
CASC
Key Questions Addressed in this Report
What is the 10-year outlook for the global Small Satellite market?
What factors are driving Small Satellite market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Small Satellite market opportunities vary by end market size?
How does Small Satellite break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Small Satellite Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Small Satellite by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Small Satellite by Country/Region, 2020, 2024 & 2031
2.2 Small Satellite Segment by Type
2.2.1 Microsatellite
2.2.2 Nanosatellite
2.3 Small Satellite Sales by Type
2.3.1 Global Small Satellite Sales Market Share by Type (2020-2025)
2.3.2 Global Small Satellite Revenue and Market Share by Type (2020-2025)
2.3.3 Global Small Satellite Sale Price by Type (2020-2025)
2.4 Small Satellite Segment by Application
2.4.1 National Security
2.4.2 Science & Environment
2.4.3 Commerce
2.4.4 Others
2.5 Small Satellite Sales by Application
2.5.1 Global Small Satellite Sale Market Share by Application (2020-2025)
2.5.2 Global Small Satellite Revenue and Market Share by Application (2020-2025)
2.5.3 Global Small Satellite Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Small Satellite Breakdown Data by Company
3.1.1 Global Small Satellite Annual Sales by Company (2020-2025)
3.1.2 Global Small Satellite Sales Market Share by Company (2020-2025)
3.2 Global Small Satellite Annual Revenue by Company (2020-2025)
3.2.1 Global Small Satellite Revenue by Company (2020-2025)
3.2.2 Global Small Satellite Revenue Market Share by Company (2020-2025)
3.3 Global Small Satellite Sale Price by Company
3.4 Key Manufacturers Small Satellite Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Small Satellite Product Location Distribution
3.4.2 Players Small Satellite Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Small Satellite by Geographic Region
4.1 World Historic Small Satellite Market Size by Geographic Region (2020-2025)
4.1.1 Global Small Satellite Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Small Satellite Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Small Satellite Market Size by Country/Region (2020-2025)
4.2.1 Global Small Satellite Annual Sales by Country/Region (2020-2025)
4.2.2 Global Small Satellite Annual Revenue by Country/Region (2020-2025)
4.3 Americas Small Satellite Sales Growth
4.4 APAC Small Satellite Sales Growth
4.5 Europe Small Satellite Sales Growth
4.6 Middle East & Africa Small Satellite Sales Growth
5 Americas
5.1 Americas Small Satellite Sales by Country
5.1.1 Americas Small Satellite Sales by Country (2020-2025)
5.1.2 Americas Small Satellite Revenue by Country (2020-2025)
5.2 Americas Small Satellite Sales by Type (2020-2025)
5.3 Americas Small Satellite Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Small Satellite Sales by Region
6.1.1 APAC Small Satellite Sales by Region (2020-2025)
6.1.2 APAC Small Satellite Revenue by Region (2020-2025)
6.2 APAC Small Satellite Sales by Type (2020-2025)
6.3 APAC Small Satellite Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Small Satellite by Country
7.1.1 Europe Small Satellite Sales by Country (2020-2025)
7.1.2 Europe Small Satellite Revenue by Country (2020-2025)
7.2 Europe Small Satellite Sales by Type (2020-2025)
7.3 Europe Small Satellite Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Small Satellite by Country
8.1.1 Middle East & Africa Small Satellite Sales by Country (2020-2025)
8.1.2 Middle East & Africa Small Satellite Revenue by Country (2020-2025)
8.2 Middle East & Africa Small Satellite Sales by Type (2020-2025)
8.3 Middle East & Africa Small Satellite Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Small Satellite
10.3 Manufacturing Process Analysis of Small Satellite
10.4 Industry Chain Structure of Small Satellite
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Small Satellite Distributors
11.3 Small Satellite Customer
12 World Forecast Review for Small Satellite by Geographic Region
12.1 Global Small Satellite Market Size Forecast by Region
12.1.1 Global Small Satellite Forecast by Region (2026-2031)
12.1.2 Global Small Satellite Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Small Satellite Forecast by Type (2026-2031)
12.7 Global Small Satellite Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Lockheed Martin
13.1.1 Lockheed Martin Company Information
13.1.2 Lockheed Martin Small Satellite Product Portfolios and Specifications
13.1.3 Lockheed Martin Small Satellite Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Lockheed Martin Main Business Overview
13.1.5 Lockheed Martin Latest Developments
13.2 Northrop Gruman
13.2.1 Northrop Gruman Company Information
13.2.2 Northrop Gruman Small Satellite Product Portfolios and Specifications
13.2.3 Northrop Gruman Small Satellite Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Northrop Gruman Main Business Overview
13.2.5 Northrop Gruman Latest Developments
13.3 Raytheon
13.3.1 Raytheon Company Information
13.3.2 Raytheon Small Satellite Product Portfolios and Specifications
13.3.3 Raytheon Small Satellite Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Raytheon Main Business Overview
13.3.5 Raytheon Latest Developments
13.4 Dynetics
13.4.1 Dynetics Company Information
13.4.2 Dynetics Small Satellite Product Portfolios and Specifications
13.4.3 Dynetics Small Satellite Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Dynetics Main Business Overview
13.4.5 Dynetics Latest Developments
13.5 Surrey Satellite Technology
13.5.1 Surrey Satellite Technology Company Information
13.5.2 Surrey Satellite Technology Small Satellite Product Portfolios and Specifications
13.5.3 Surrey Satellite Technology Small Satellite Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Surrey Satellite Technology Main Business Overview
13.5.5 Surrey Satellite Technology Latest Developments
13.6 Axelspace
13.6.1 Axelspace Company Information
13.6.2 Axelspace Small Satellite Product Portfolios and Specifications
13.6.3 Axelspace Small Satellite Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Axelspace Main Business Overview
13.6.5 Axelspace Latest Developments
13.7 Sierra Nevada
13.7.1 Sierra Nevada Company Information
13.7.2 Sierra Nevada Small Satellite Product Portfolios and Specifications
13.7.3 Sierra Nevada Small Satellite Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Sierra Nevada Main Business Overview
13.7.5 Sierra Nevada Latest Developments
13.8 Clyde Space
13.8.1 Clyde Space Company Information
13.8.2 Clyde Space Small Satellite Product Portfolios and Specifications
13.8.3 Clyde Space Small Satellite Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Clyde Space Main Business Overview
13.8.5 Clyde Space Latest Developments
13.9 Planet Labs
13.9.1 Planet Labs Company Information
13.9.2 Planet Labs Small Satellite Product Portfolios and Specifications
13.9.3 Planet Labs Small Satellite Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Planet Labs Main Business Overview
13.9.5 Planet Labs Latest Developments
13.10 Dauria Aerospace
13.10.1 Dauria Aerospace Company Information
13.10.2 Dauria Aerospace Small Satellite Product Portfolios and Specifications
13.10.3 Dauria Aerospace Small Satellite Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Dauria Aerospace Main Business Overview
13.10.5 Dauria Aerospace Latest Developments
13.11 CASC
13.11.1 CASC Company Information
13.11.2 CASC Small Satellite Product Portfolios and Specifications
13.11.3 CASC Small Satellite Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 CASC Main Business Overview
13.11.5 CASC Latest Developments
14 Research Findings and Conclusion
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*If Applicable.