A small satellite, miniaturized satellite, or smallsat is a satellite 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. Motivated by visions of hundreds, if not thousands, of small satellites launching yearly; buoyed by venture capitals markets that become responsive to space endeavors; and encouraged by the highly visible success of SpaceX, entrepreneurs across the globe have embarked on what was once considered the incredibly risky and financially non-rewarding venture of designing and fielding a new rocket. The global small sat market is dominated by companies based in the United States, China and European Union.
Market Forecast’s latest report “Small Satellites - Market and Technology Forecast to 2029” examines, analyzes, and predicts the evolution of small sat technologies, markets, and outlays (expenditures) over the next 8 years – 2021 -2029 in the space industry. It also examines small sat markets geographically, focusing on the top 95% of global markets, in the United States, Europe, and Asia.
Throughout the report we show how smallsats is used today to add real value. To provide the most thorough and realistic forecast, this report provides a twin-scenario analysis, including “steady state”, emergence of new small sat technology.
In this report we have classified small satellite industry under 5 major groups. We will research these six major groups and also provide forecast figures from 2021 - 2029. These are:
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Report Code: | MF211483 |
Published: | December 9, 2021 |
Pages: | 228 (US Letter) |