Small Satellite Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

The Small Satellite Market is segmented by Application (Communication, Earth Observation, Navigation, Space Observation, Others), by Orbit Class (GEO, LEO, MEO), by End User (Commercial, Military & Government), by Propulsion Tech (Electric, Gas based, Liquid Fuel) and by Region (Asia-Pacific, Europe, North America). Market Value in USD is presented. Key Data Points observed include spending on space programs in USD by region; and, the count of satellite launches by satellite launch mass.

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Small Satellite Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

Small Satellite Market Size

Small Satellite Market Summary
Study Period 2017 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 184.6 Billion
Market Size (2030) USD 278.9 Billion
CAGR (2025 - 2030) 8.61 %
Market Concentration High

Major Players

Small Satellite Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Small Satellite Market Analysis

The Small Satellite Market size is estimated at 184.6 billion USD in 2025, and is expected to reach 278.9 billion USD by 2030, growing at a CAGR of 8.61% during the forecast period (2025-2030).

The satellite industry has undergone a revolutionary transformation, driven by technological advancements in miniaturization and the increasing commercialization of space technology activities. Between 2017 and 2022, approximately 2,900 small LEO satellites were manufactured and launched, demonstrating the industry's rapid evolution from government-dominated operations to a more commercially diverse ecosystem. The emergence of new satellite manufacturing techniques and advanced materials has enabled satellite manufacturers to reduce production costs while improving performance capabilities. Private companies are increasingly adopting innovative approaches to satellite design and production, with companies like Airbus demonstrating high-volume manufacturing capabilities by producing over 400 satellites for the OneWeb constellation.


The industry is witnessing a significant shift toward sustainable space operations and environmentally conscious satellite technologies. In April 2023, Dawn Aerospace secured a contract with DLR to conduct feasibility studies on enhancing the performance of nitrous-oxide-based green propellants for satellites and deep-space missions. This development reflects the growing emphasis on sustainable space practices and the industry's commitment to reducing environmental impact. The trend toward eco-friendly propulsion systems is reshaping manufacturing processes and influencing future satellite design considerations, with multiple companies investing in research and development of green technologies.


Commercial space activities have become increasingly accessible, with private companies leading the charge in satellite deployment and space-based services. SpaceX has achieved remarkable success with its Starlink program, currently serving over 250,000 user terminals globally through its satellite constellation. The success of such commercial ventures has attracted new players to the market, fostering innovation and competition. In April 2023, Visiona Tecnologia Espacial demonstrated this trend by launching VCUB1, their first Earth observation and data collection satellite, marking Brazil's entry into the commercial small satellite market sector.


The industry is experiencing a surge in specialized applications and targeted satellite deployments. Companies are developing purpose-built satellites for specific applications, ranging from Earth observation to telecommunications and scientific research. For instance, Sateliot announced plans to launch its first functional nanosatellite in 2023 to provide 5G connectivity for IoT devices from LEO, representing a new frontier in satellite communications. This trend toward specialized applications is driving innovation in satellite design and manufacturing processes, with manufacturers developing more efficient and capable platforms to meet specific mission requirements. The commercial sector has been particularly active, with data showing that commercial operators launched 3,527 small satellites during the historical period, highlighting the growing private sector involvement in satellite industry activities.

Segment Analysis: Application

Communication Segment in Small Satellite Market

The communication segment dominates the small satellite market, commanding approximately 95% of the total market share in 2024. This substantial market position is driven by the increasing need for uninterrupted connectivity and growing demand for high-speed data transmission across major and emerging countries. The segment's growth is further fueled by the rising popularity of streaming services, online gaming, and other data-intensive applications that are putting pressure on existing network infrastructure. Major private companies like Lockheed Martin, Telesat, and SpaceX are emphasizing various factors such as better connectivity for the transportation industry, communication backbones for Internet of Things (IoT) devices, fleet management, remote maintenance, and infrastructure for other communication service providers. The integration of satellite communication systems is crucial in enhancing these capabilities.

Market Analysis of Small Satellite Market: Chart for Application

Earth Observation Segment in Small Satellite Market

The Earth observation segment is experiencing remarkable growth in the small satellite market, projected to expand at approximately 18% during 2024-2029. This growth is primarily driven by the increasing demand for geospatial data across various applications, including agriculture, disaster management, urban planning, natural resource management, and climate monitoring. The segment's expansion is supported by the rising need for earth observation satellite systems, with various countries globally launching new satellites to enhance their capabilities in gathering data and insights. The advancement in technology has enabled these satellites to provide more accurate and detailed Earth observation data, making them increasingly valuable for both commercial and government applications.

Remaining Segments in Application

The space observation and navigation segments, along with other specialized applications, complete the small satellite market landscape. Space observation satellites are crucial for studying planets, asteroids, comets, and other celestial bodies, contributing significantly to space research and exploration. These segments serve specific niches in the market, with space observation satellites focusing on astronomical research and deep space exploration, while satellite navigation satellites support positioning and timing services. Other applications include technology demonstration missions, scientific research, and specialized commercial services, each playing a unique role in advancing space technology and expanding the capabilities of small satellites.

Segment Analysis: Orbit Class

LEO Segment in Small Satellite Market

Low Earth Orbit (LEO) dominates the small satellite market, commanding approximately 99% market share in 2024. The relatively low cost of launching small satellites into LEO has emerged as a crucial factor driving their increased deployment, making them significantly more economical compared to launches into higher orbits. This cost advantage has opened up new opportunities for a diverse range of organizations, including universities, startups, and developing countries, to launch their satellites into space. The demand for small satellites in LEO is being driven by the growing need for global connectivity, including Internet of Things (IoT), Earth observation, climate monitoring, and scientific research. Private companies like SpaceX, Blue Origin, Boeing, and others are investing heavily in space technology and driving innovation in the industry, while space organizations like NASA have established partnerships with private players for satellite production and launches worldwide. The role of LEO satellite systems is pivotal in achieving these advancements.

MEO Segment in Small Satellite Market

The Medium Earth Orbit (MEO) segment is experiencing rapid growth in the small satellite market, projected to grow at approximately 32% during 2024-2029. MEO is becoming increasingly attractive for small satellites due to several advantages it offers over other orbits. It provides wider coverage and longer contact times than LEO, making it ideal for communication and remote sensing applications. The higher altitude of MEO satellites compared to LEO satellites reduces atmospheric drag, thereby increasing their operational lifespan. Additionally, MEO satellites are more cost-effective to launch and maintain than GEO satellites, making them an attractive option for small satellite operators. Many scientific and research organizations are showing increased interest in launching small satellites to MEO for various purposes, including Earth observation and space weather monitoring.

Remaining Segments in Orbit Class

The Geostationary Earth Orbit (GEO) segment, while traditionally important for large communication satellites, plays a minimal role in the small satellite market. GEO satellites require more powerful propulsion systems and sophisticated station-keeping capabilities due to their high orbital altitude, which presents technical challenges for small satellite platforms. However, ongoing technological advancements in miniaturization and propulsion systems are gradually making GEO more accessible for small satellites, particularly for specialized communication and weather monitoring applications. The development of new technologies and materials continues to expand the possibilities for small satellites in GEO, though this segment remains relatively small compared to LEO and MEO deployments.

Segment Analysis: End User

Commercial Segment in Small Satellite Market

The commercial segment dominates the small satellite market, commanding approximately 97% market share in 2024, driven by increasing demand for satellite-based services across various industries. Private companies are actively investing in small satellite technology for applications ranging from Earth observation and data communication to broadband internet connectivity. Major commercial players like SpaceX, OneWeb, and Amazon are deploying large constellations of small satellites to provide global internet coverage and communication services. The segment's growth is further supported by decreasing launch costs, technological advancements in satellite miniaturization, and the rising adoption of satellite-based solutions by businesses worldwide. Commercial operators are particularly focused on developing innovative applications in areas such as precision agriculture, maritime tracking, and urban planning, while also exploring new market opportunities in emerging sectors like Internet of Things (IoT) connectivity and climate monitoring.

Military & Government Segment in Small Satellite Market

The military and government segment is experiencing rapid growth in the small satellite market, projected to expand at approximately 12% during 2024-2029. This growth is driven by increasing investments in space-based defense capabilities and surveillance systems. Defense agencies worldwide are leveraging small satellites for various applications, including secure communications, reconnaissance, and intelligence gathering. The segment's expansion is further supported by growing emphasis on space-based military operations, enhanced battlefield communication requirements, and the need for real-time surveillance capabilities. Government space agencies are also collaborating with private sector players to develop advanced small satellite technologies for national security applications. The increasing focus on space situational awareness, tactical data links, and modern network-centric battle force capabilities is expected to continue driving innovation and adoption in this segment.

Remaining Segments in End User

The other end user segment primarily comprises academic institutions, research organizations, and non-profit entities utilizing small satellites for scientific research and educational purposes. These organizations play a crucial role in advancing space technology through experimental missions and innovative payload testing. Universities and research institutes are increasingly participating in small satellite development programs to conduct space-based experiments, validate new technologies, and provide hands-on experience to students. This segment contributes significantly to technological innovation and knowledge development in the small satellite industry, often serving as a testing ground for new concepts and applications that later find commercial or military applications.

Segment Analysis: Propulsion Tech

Liquid Fuel Segment in Small Satellite Market

The liquid fuel propulsion segment maintains its dominant position in the small satellite market, commanding approximately 73% market share in 2024. This significant market presence is attributed to the proven reliability and efficiency of liquid propulsion systems in satellite operations. Liquid propulsion systems offer higher specific impulses compared to other propulsion technologies, resulting in greater efficiency and longer operational life for satellites. The ability to precisely control thrust levels and throttle engines allows for optimized maneuvers and efficient fuel usage, enabling extended mission durations and orbital adjustments. Major space agencies and private companies continue to prefer liquid fuel systems for their satellite missions due to their established track record in providing reliable performance for various space applications including communications, Earth observation, and scientific research missions.

Gas Based Segment in Small Satellite Market

The gas-based propulsion segment is emerging as the fastest-growing segment in the small satellite market, projected to grow at approximately 13% during 2024-2029. This growth is driven by the increasing adoption of cold gas propulsion systems, which offer advantages in terms of simplicity, reliability, and cost-effectiveness for small satellite applications. The segment's expansion is further supported by ongoing technological innovations in gas-based propulsion systems, particularly in the development of green propellants and more efficient thruster designs. Companies are increasingly investing in research and development to enhance the performance capabilities of gas-based systems, focusing on improving specific impulse, thrust control, and overall system efficiency. The growing demand for precise attitude control and station-keeping capabilities in small satellites is also contributing to the segment's rapid growth.

Remaining Segments in Propulsion Tech

The electric propulsion segment represents a significant portion of the small satellite propulsion market, offering unique advantages in terms of fuel efficiency and long-term cost-effectiveness. Electric propulsion systems are particularly valuable for missions requiring extended operational lifespans and precise orbital maneuvers. These systems utilize various technologies such as ion engines, Hall thrusters, and electrospray propulsion, each offering specific benefits for different mission profiles. The continuous advancement in miniaturization of electric propulsion systems and improvements in power management technologies has made them increasingly attractive for small satellite applications, particularly in constellation deployments and deep space missions.

Small Satellite Market Geography Segment Analysis

Small Satellite Market in Asia-Pacific

The Asia-Pacific small satellite market has established itself as a dynamic and rapidly evolving sector, commanding approximately 9% of the global market share in 2024. The region has emerged as a hub for innovative satellite technology solutions, particularly in nano and microsatellites, driven by robust technological advancements and growing economic strength. China has positioned itself as a dominant force in the regional market, with its ambitious space program and expanding satellite services sector. Japan's expertise in advanced technology and unwavering commitment to space exploration continues to drive innovation in the region. Countries such as India, Australia, South Korea, Singapore, and New Zealand are also making significant strides in small satellite development, contributing to the region's diverse ecosystem. The market is particularly focused on Earth observation, communication, and scientific research applications, with a strong emphasis on developing indigenous capabilities and fostering international collaboration.

Market Analysis of Small Satellite Market: Forecasted Growth Rate by Region

Small Satellite Market in Europe

The European small satellite market has demonstrated remarkable expansion, achieving an impressive growth rate of approximately 355% from 2019 to 2024. The region's success is built upon a strong foundation of technological innovation and collaborative initiatives between various space agencies and private enterprises. European companies are actively pursuing advanced propulsion systems development, with significant emphasis on sustainable and efficient technologies. The market is characterized by a robust ecosystem of manufacturers, launch service providers, and research institutions working in tandem to advance satellite technology capabilities. The European Space Agency's continued support and strategic initiatives have played a crucial role in fostering innovation and market growth. The region's focus on developing commercial applications, particularly in Earth observation and telecommunications, has created numerous opportunities for market expansion. Additionally, the increasing participation of startups and private companies has introduced new dynamics to the market, fostering competition and driving technological advancement.

Small Satellite Market in North America

The North American small satellite market is projected to experience substantial growth of approximately 51% from 2024 to 2029, reinforcing its position as a global leader in space technology. The region's market is characterized by strong collaboration between government space agencies and private enterprises, creating a robust ecosystem for innovation and development. The presence of major players and innovative startups has created a competitive environment that drives technological advancement and market expansion. The market benefits from substantial private investment and government support, particularly in developing advanced satellite services and applications. The region's focus on commercial space activities, coupled with strong research and development capabilities, continues to drive market growth. The emphasis on developing new applications in areas such as Earth observation, communications, and defense has created diverse opportunities for market participants. The market also benefits from advanced satellite manufacturing capabilities and a well-established supply chain, enabling efficient production and deployment of small satellites.

Small Satellite Market in Rest of World

The Rest of World small satellite market is experiencing significant transformation, driven by increasing participation from emerging economies and growing interest in space technology. Countries in Latin America, Africa, and the Middle East are developing their space capabilities, focusing on applications such as Earth observation, disaster management, and communications. The market is characterized by growing collaboration between local organizations and established international players, facilitating technology transfer and capability development. Regional space agencies are increasingly focusing on developing indigenous capabilities while maintaining strategic partnerships with global leaders. The emphasis on practical applications, particularly in areas such as agriculture, natural resource management, and urban planning, has created new opportunities for market growth. Educational institutions and research organizations in these regions are playing an increasingly important role in advancing small satellite technology and applications. The market is also benefiting from increasing private sector participation and government support for space-related initiatives.

Small Satellite Industry Overview

Top Companies in Small Satellite Market

The small satellite market is characterized by intense innovation and strategic developments among key players like SpaceX, Airbus, China Aerospace Science and Technology Corporation, Thales Alenia Space, and ICEYE Ltd. Companies are heavily investing in research and development to advance satellite technologies, including miniaturization of components, propulsion systems, and power capabilities. The industry witnesses frequent product launches focused on improving communication capabilities, Earth observation accuracy, and data transmission efficiency. Operational agility is demonstrated through rapid manufacturing capabilities, with some companies achieving production rates of multiple satellites per week. Strategic partnerships, particularly between satellite manufacturers and launch service providers, have become increasingly common to ensure reliable deployment solutions. Geographic expansion remains a key focus, with companies establishing regional offices and manufacturing facilities to better serve local markets and comply with regional regulations.

Consolidated Market with Strong Global Leaders

The small satellite market exhibits a highly consolidated structure dominated by a mix of established aerospace conglomerates and specialized satellite manufacturers. Major players leverage their extensive technological expertise, manufacturing capabilities, and established customer relationships to maintain their market positions. The industry is characterized by significant barriers to entry, including high capital requirements, technical expertise needs, and regulatory compliance demands. While global conglomerates like Airbus and Thales bring diverse aerospace capabilities, specialized players like ICEYE and Planet Labs focus exclusively on satellite technology innovation.


The market has witnessed strategic consolidations through mergers and acquisitions, particularly as established players seek to acquire innovative technologies and expand their service offerings. Companies are increasingly pursuing vertical integration strategies, developing capabilities across the value chain from satellite manufacturing to launch services and ground operations. This trend is particularly evident among larger players who aim to offer end-to-end solutions to their customers. Regional players are emerging through strategic partnerships and government support, particularly in Asia-Pacific and Europe, contributing to market dynamism.

Innovation and Integration Drive Future Success

Success in the small satellite market increasingly depends on companies' ability to innovate while maintaining cost-effectiveness and reliability. Incumbent players must focus on continuous technological advancement, particularly in areas such as miniaturization, power efficiency, and communication capabilities. The ability to offer integrated solutions, from satellite manufacturing to data services, becomes crucial for maintaining competitive advantage. Companies need to establish strong relationships with launch service providers and develop robust supply chain networks to ensure reliable satellite deployment capabilities.


Market contenders can gain ground by focusing on specialized applications or niche market segments, particularly in emerging areas such as Internet of Things connectivity and Earth observation services. Success factors include developing proprietary technologies, establishing strategic partnerships with established players, and maintaining flexibility in adapting to evolving customer needs. The regulatory environment plays a crucial role, with companies needing to navigate complex international space laws and licensing requirements. End-user concentration varies by application segment, with commercial users becoming increasingly important alongside traditional government and military customers. The risk of substitution remains relatively low due to the unique capabilities of satellite technology, though companies must continuously innovate to maintain their competitive edge.

Small Satellite Market Leaders

  1. Airbus SE

  2. China Aerospace Science and Technology Corporation (CASC)

  3. ICEYE Ltd.

  4. Space Exploration Technologies Corp.

  5. Thales

  6. *Disclaimer: Major Players sorted in no particular order
Small Satellite Market Concentration
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Small Satellite Market News

  • June 2022: Falcon 9 launched Globalstar FM15 to low-Earth orbit from Space Launch Complex 40 (SLC-40) at Cape Canaveral Space Force Station in Florida.
  • May 2022: As part of the Transporter-5 mission another five satellitesnamely ICEYE-X17, -X18, -X19, -X20 and -X24 were launched.
  • April 2022: Swarm Technologies 12 “picosatellites” on the Transporter 4 mission for low-data-rate communications network have been launched.

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We offer a comprehensive set of global and local metrics that illustrate the fundamentals of the satellites industry. Clients can access in-depth market analysis of various satellites and launch vehicles through granular level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on satellite launches, satellite mass, application of satellites, spending on space programs, propulsion systems, end users, etc., are available in the form of comprehensive reports as well as excel based data worksheets.

Small Satellite Market
Small Satellite Market
Small Satellite Market
Small Satellite Market

Small Satellite Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 Satellite Mass
  • 4.2 Spending On Space Programs
  • 4.3 Regulatory Framework
    • 4.3.1 Global
    • 4.3.2 Australia
    • 4.3.3 Brazil
    • 4.3.4 Canada
    • 4.3.5 China
    • 4.3.6 France
    • 4.3.7 Germany
    • 4.3.8 India
    • 4.3.9 Iran
    • 4.3.10 Japan
    • 4.3.11 New Zealand
    • 4.3.12 Russia
    • 4.3.13 Singapore
    • 4.3.14 South Korea
    • 4.3.15 United Arab Emirates
    • 4.3.16 United Kingdom
    • 4.3.17 United States
  • 4.4 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)

  • 5.1 Application
    • 5.1.1 Communication
    • 5.1.2 Earth Observation
    • 5.1.3 Navigation
    • 5.1.4 Space Observation
    • 5.1.5 Others
  • 5.2 Orbit Class
    • 5.2.1 GEO
    • 5.2.2 LEO
    • 5.2.3 MEO
  • 5.3 End User
    • 5.3.1 Commercial
    • 5.3.2 Military & Government
    • 5.3.3 Other
  • 5.4 Propulsion Tech
    • 5.4.1 Electric
    • 5.4.2 Gas based
    • 5.4.3 Liquid Fuel
  • 5.5 Region
    • 5.5.1 Asia-Pacific
    • 5.5.2 Europe
    • 5.5.3 North America
    • 5.5.4 Rest of World

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
    • 6.4.1 Airbus SE
    • 6.4.2 Astrocast
    • 6.4.3 Axelspace Corporation​
    • 6.4.4 Chang Guang Satellite Technology Co. Ltd
    • 6.4.5 China Aerospace Science and Technology Corporation (CASC)
    • 6.4.6 German Orbital Systems
    • 6.4.7 GomSpaceApS
    • 6.4.8 ICEYE Ltd.
    • 6.4.9 Planet Labs Inc.
    • 6.4.10 Satellogic
    • 6.4.11 Space Exploration Technologies Corp.
    • 6.4.12 SpaceQuest Ltd​
    • 6.4.13 Spire Global, Inc.
    • 6.4.14 Swarm Technologies, Inc.
    • 6.4.15 Thales

7. KEY STRATEGIC QUESTIONS FOR SATELLITE CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
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List of Tables & Figures

  1. Figure 1:  
  2. SATELLITE MASS (ABOVE 10KG) BY REGION, NUMBER OF SATELLITES LAUNCHED, GLOBAL, 2017 - 2022
  1. Figure 2:  
  2. SPENDING ON SPACE PROGRAMS BY REGION, USD, GLOBAL, 2017 - 2022
  1. Figure 3:  
  2. GLOBAL SMALL SATELLITE MARKET, VALUE, USD, 2017 - 2029
  1. Figure 4:  
  2. VALUE OF SMALL SATELLITE MARKET BY APPLICATION, USD, GLOBAL, 2017 - 2029
  1. Figure 5:  
  2. VALUE SHARE OF SMALL SATELLITE MARKET BY APPLICATION, %, GLOBAL, 2017 VS 2023 VS 2029
  1. Figure 6:  
  2. VALUE OF COMMUNICATION MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 7:  
  2. VALUE OF EARTH OBSERVATION MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 8:  
  2. VALUE OF NAVIGATION MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 9:  
  2. VALUE OF SPACE OBSERVATION MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 10:  
  2. VALUE OF OTHERS MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 11:  
  2. VALUE OF SMALL SATELLITE MARKET BY ORBIT CLASS, USD, GLOBAL, 2017 - 2029
  1. Figure 12:  
  2. VALUE SHARE OF SMALL SATELLITE MARKET BY ORBIT CLASS, %, GLOBAL, 2017 VS 2023 VS 2029
  1. Figure 13:  
  2. VALUE OF GEO MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 14:  
  2. VALUE OF LEO MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 15:  
  2. VALUE OF MEO MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 16:  
  2. VALUE OF SMALL SATELLITE MARKET BY END USER, USD, GLOBAL, 2017 - 2029
  1. Figure 17:  
  2. VALUE SHARE OF SMALL SATELLITE MARKET BY END USER, %, GLOBAL, 2017 VS 2023 VS 2029
  1. Figure 18:  
  2. VALUE OF COMMERCIAL MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 19:  
  2. VALUE OF MILITARY & GOVERNMENT MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 20:  
  2. VALUE OF OTHER MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 21:  
  2. VALUE OF SMALL SATELLITE MARKET BY PROPULSION TECH, USD, GLOBAL, 2017 - 2029
  1. Figure 22:  
  2. VALUE SHARE OF SMALL SATELLITE MARKET BY PROPULSION TECH, %, GLOBAL, 2017 VS 2023 VS 2029
  1. Figure 23:  
  2. VALUE OF ELECTRIC MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 24:  
  2. VALUE OF GAS BASED MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 25:  
  2. VALUE OF LIQUID FUEL MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 26:  
  2. VALUE OF SMALL SATELLITE MARKET BY REGION, USD, GLOBAL, 2017 - 2029
  1. Figure 27:  
  2. VALUE SHARE OF SMALL SATELLITE MARKET BY REGION, %, GLOBAL, 2017 VS 2023 VS 2029
  1. Figure 28:  
  2. VALUE OF SMALL SATELLITE MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 29:  
  2. VALUE SHARE OF SMALL SATELLITE MARKET %, ASIA-PACIFIC, 2017 VS 2029
  1. Figure 30:  
  2. VALUE OF SMALL SATELLITE MARKET, USD, EUROPE, 2017 - 2029
  1. Figure 31:  
  2. VALUE SHARE OF SMALL SATELLITE MARKET %, EUROPE, 2017 VS 2029
  1. Figure 32:  
  2. VALUE OF SMALL SATELLITE MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 33:  
  2. VALUE SHARE OF SMALL SATELLITE MARKET %, NORTH AMERICA, 2017 VS 2029
  1. Figure 34:  
  2. VALUE OF SMALL SATELLITE MARKET, USD, REST OF WORLD, 2017 - 2029
  1. Figure 35:  
  2. VALUE SHARE OF SMALL SATELLITE MARKET %, REST OF WORLD, 2017 VS 2029
  1. Figure 36:  
  2. NUMBER OF STRATEGIC MOVES OF MOST ACTIVE COMPANIES, GLOBAL SMALL SATELLITE MARKET, ALL, 2017 - 2029
  1. Figure 37:  
  2. TOTAL NUMBER OF STRATEGIC MOVES OF COMPANIES, GLOBAL SMALL SATELLITE MARKET, ALL, 2017 - 2029
  1. Figure 38:  
  2. MARKET SHARE OF GLOBAL SMALL SATELLITE MARKET, %, ALL, 2023

Small Satellite Industry Segmentation

Communication, Earth Observation, Navigation, Space Observation, Others are covered as segments by Application. GEO, LEO, MEO are covered as segments by Orbit Class. Commercial, Military & Government are covered as segments by End User. Electric, Gas based, Liquid Fuel are covered as segments by Propulsion Tech. Asia-Pacific, Europe, North America are covered as segments by Region.
Application Communication
Earth Observation
Navigation
Space Observation
Others
Orbit Class GEO
LEO
MEO
End User Commercial
Military & Government
Other
Propulsion Tech Electric
Gas based
Liquid Fuel
Region Asia-Pacific
Europe
North America
Rest of World
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Market Definition

  • Application - Various applications or purposes of the satellites are classified into communication, earth observation, space observation, navigation, and others. The purposes listed are those self-reported by the satellite’s operator.
  • End User - The primary users or end users of the satellite is described as civil (academic, amateur), commercial, government (meteorological, scientific, etc.), military. Satellites can be multi-use, for both commercial and military applications.
  • Launch Vehicle MTOW - The launch vehicle MTOW (maximum take-off weight) means the maximum weight of the launch vehicle during take-off, including the weight of payload, equipment and fuel.
  • Orbit Class - The satellite orbits are divided into three broad classes namely GEO, LEO, and MEO. Satellites in elliptical orbits have apogees and perigees that differ significantly from each other and categorized satellite orbits with eccentricity 0.14 and higher as elliptical.
  • Propulsion tech - Under this segment, different types of satellite propulsion systems have been classified as electric, liquid-fuel and gas-based propulsion systems.
  • Satellite Mass - Under this segment, different types of satellite propulsion systems have been classified as electric, liquid-fuel and gas-based propulsion systems.
  • Satellite Subsystem - All the components and subsystems which includes propellants, buses, solar panels, other hardware of satellites are included under this segment.
Keyword Definition
Attitude Control The orientation of the satellite relative to the Earth and the sun.
INTELSAT The International Telecommunications Satellite Organization operates a network of satellites for international transmission.
Geostationary Earth Orbit (GEO) Geostationary satellites in Earth orbit 35,786 km (22,282 mi) above the equator in the same direction and at the same speed as the earth rotates on its axis, making them appear fixed in the sky.
Low Earth Orbit (LEO) Low Earth Orbit satellites orbit from 160-2000km above the earth, take approximately 1.5 hours for a full orbit and only cover a portion of the earth’s surface.
Medium Earth Orbit (MEO) MEO satellites are located above LEO and below GEO satellites and typically travel in an elliptical orbit over the North and South Pole or in an equatorial orbit.
Very Small Aperture Terminal (VSAT) Very Small Aperture Terminal is an antenna that is typically less than 3 meters in diameter
CubeSat CubeSat is a class of miniature satellites based on a form factor consisting of 10 cm cubes. CubeSats weigh no more than 2 kg per unit and typically use commercially available components for their construction and electronics. 
Small Satellite Launch Vehicles (SSLVs) Small Satellite Launch Vehicle (SSLV) is a three-stage Launch Vehicle configured with three Solid Propulsion Stages and a liquid propulsion-based Velocity Trimming Module (VTM) as a terminal stage
Space Mining Asteroid mining is the hypothesis of extracting material from asteroids and other asteroids, including near-Earth objects.
Nano Satellites Nanosatellites are loosely defined as any satellite weighing less than 10 kilograms.
Automatic Identification System (AIS) Automatic identification system (AIS) is an automatic tracking system used to identify and locate ships by exchanging electronic data with other nearby ships, AIS base stations, and satellites. Satellite AIS (S-AIS) is the term used to describe when a satellite is used to detect AIS signatures.
Reusable launch vehicles (RLVs) Reusable launch vehicle (RLV) means a launch vehicle that is designed to return to Earth substantially intact and therefore may be launched more than one time or that contains vehicle stages that may be recovered by a launch operator for future use in the operation of a substantially similar launch vehicle.
Apogee The point in an elliptical satellite orbit which is farthest from the surface of the earth. Geosynchronous satellites which maintain circular orbits around the earth are first launched into highly elliptical orbits with apogees of 22,237 miles.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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Small Satellite Market Research FAQs

How big is the Global Small Satellite Market?

The Global Small Satellite Market size is expected to reach USD 184.55 billion in 2025 and grow at a CAGR of 8.61% to reach USD 278.87 billion by 2030.

What is the current Global Small Satellite Market size?

In 2025, the Global Small Satellite Market size is expected to reach USD 184.55 billion.

Who are the key players in Global Small Satellite Market?

Airbus SE, China Aerospace Science and Technology Corporation (CASC), ICEYE Ltd., Space Exploration Technologies Corp. and Thales are the major companies operating in the Global Small Satellite Market.

Which segment has the biggest share in the Global Small Satellite Market?

In the Global Small Satellite Market, the LEO segment accounts for the largest share by orbit class.

Which region has the biggest share in the Global Small Satellite Market?

In 2025, North America accounts for the largest share by region in the Global Small Satellite Market.

What years does this Global Small Satellite Market cover, and what was the market size in 2025?

In 2025, the Global Small Satellite Market size was estimated at 184.55 billion. The report covers the Global Small Satellite Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Global Small Satellite Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Small Satellite Market Research

Mordor Intelligence delivers comprehensive satellite market intelligence through detailed satellite industry analysis. We specialize in the small satellite and smallsat segments. Our expertise spans the entire ecosystem, from satellite manufacturing to satellite components and satellite payload systems. The report provides in-depth satellite market analysis covering various categories, including microsatellite, nanosatellite, and cubesat technologies. We focus particularly on LEO satellite applications. Our research encompasses emerging trends in satellite imaging, satellite communication, and satellite navigation sectors, available in an easy-to-download report PDF format.

The analysis offers stakeholders crucial insights into satellite market size and satellite market growth projections. It includes a detailed examination of satellite manufacturing industry dynamics and space technology developments. Our report covers essential aspects of the satellite data service sector and satellite launch service capabilities. It also provides comprehensive market forecast data for the small satellite services market. Stakeholders benefit from our detailed assessment of earth observation satellite applications and satellite constellation developments. This is supported by extensive satellite remote sensing market analysis and satellite internet trend evaluation.