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Small Satellite Market Share

  • Report ID: GMI5727
  • Published Date: Jul 2024
  • Report Format: PDF

Small Satellite Market Share

Airbus has made significant developments in the market. The company's OneWeb venture aims to deploy a constellation of low Earth orbit satellites for global internet coverage. Airbus has also developed the OneWeb Satellites joint venture, focusing on high-volume, cost-effective satellite production. the small satellite industry. The company's OneWeb venture aims to deploy a constellation of low Earth orbit satellites for global internet coverage. Airbus has also developed the OneWeb Satellites joint venture, focusing on high-volume, cost-effective satellite production.
 

Blue Canyon Technologies has emerged as a key player in the small satellite industry, specializing in the design and manufacture of high-performance spacecraft components and systems. The company's strategic focus on microsatellites and CubeSats has positioned it at the forefront of the rapidly growing market. Blue Canyon's innovations in attitude control systems, star trackers, and reaction wheels have significantly enhanced the capabilities of small satellites. Their turnkey mission solutions offer cost-effective options for commercial, government, and academic customers. By emphasizing vertical integration and in-house manufacturing, Blue Canyon has streamlined production processes and reduced lead times. The company's recent acquisition by Raytheon Technologies is expected to further bolster its market position and technological advancements.
 

Small Satellite Market Companies

Major companies operating in the small satellite industry are:

  • Airbus
  • Blue Canyon Technologies
  • Gomspace
  • L3Harris Technologies Inc.
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Planet Labs Inc.
  • Sierra Nevada Corporation
  • Thales Group.
Authors: Suraj Gujar, Saptadeep Das

Frequently Asked Questions (FAQ) :

The market size for small satellite was valued at over USD 4 billion in 2023 and is anticipated to record a CAGR of over 16% between 2024 and 2032, attributed to advancements in technology, reduced launch costs, and increased demand for satellite-based services.

The earth observation application segment will infer over 18% CAGR from 2024 in 2032, due to the demand for high-resolution imagery and data across various applications such as environmental monitoring, disaster management, and agricultural planning.

North America accounted for over 37% share of the global small satellite market in 2023, backe by the government initiatives such as NASAs small satellite programs and the U.S. Department of Defenses interest in leveraging small satellites for tactical advantages.

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

Small Satellite Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 405
  • Countries covered: 21
  • Pages: 250
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