Small Satellites - Market and Technology Forecast to 2033

1       Executive Summary
1.1       Trends and Insights
1.2       Main Findings
1.2.1      Small Sats market summary by Region
1.2.2      Small Sats market summary by Type
1.2.3      Small Sats market summary by Application
1.2.4      Small Sats market summary by End-User
1.3       Key Conclusions

2       Introduction
2.1       Scope
2.2       Methodology
2.3       Who will benefit from this study?

3       Technologies and Developments
3.1       Technology overview
3.2       Technology Development
3.3       Types of Small Satellites
3.3.1      Micro Satellites
3.3.2      Mini Satellites
3.3.3      Nano Satellites
3.3.4      Cube Satellites
3.4       Manufacturing and Development Approaches
3.5       Application and Services
3.6       Major Products in the Small Satellite Business

4       Critical Raw Materials

5       Market Overview
5.1       Introduction
5.2       Current Status of the Small Satellite Market
5.3       Regional Landscape
5.3.1      Global Endeavour in Space Launch
5.4       Challenges and Opportunities
5.4.1      Orbital Debris Considerations
5.4.2      Regulatory Evolution
5.4.3      Supply Chain Resilience
5.4.4      Interoperability and Standards Evolution
5.4.5      Market Consolidation Dynamics
5.4.6      Beyond Earth Orbit
5.5       Small Satellites market volume distribution over forecast period by Region
5.6       Competitive landscape
5.7       Services Driving Growth
5.7.1      Earth observation
5.7.2      Communications services
5.7.3      PNT services
5.7.4      Space-based situational awareness
5.7.5      Technology demonstration
5.7.6      Key Players
5.7.7      Key Products
5.8       Market Assessment for Business Developers
5.9       Market Assessment for the Investor Community
5.10    Market Assessment for Government and Defence Agencies
5.11    Procurement Considerations
5.12    Investment Requirements
5.12.1    Critical Investment Requirements
5.13    Highest Value market Segments for Buyers and Manufacturers
5.13.1    Earth Observation Data Integration
5.13.2    Communications Constellation Evolution
5.13.3    Security and Defence Applications
5.13.4    Cross-Segment Value Creation
5.14    Customer Needs and Churn Analysis
5.15    Future Outlook and Industry Evolution

6       Market Dynamics and Forecast Factors
6.1       Market Segmentation
6.2       Drivers
6.3       Trends
6.4       Opportunities
6.5       Challenges
6.6       Forecast Factors
6.6.1      Base Scenario
6.6.2      Growth Scenario

7       Country Analysis
7.1       Overview
7.2       North America
7.2.1      United States
7.2.2      Canada
7.2.3      Mexico
7.2.4      Rest of North America
7.3       Latin America
7.3.1      Brazil
7.3.2      Argentina
7.3.3      Chile
7.3.4      Mexico
7.3.5      Colombia
7.3.6      Peru
7.3.7      Equador
7.3.8      Rest of Latin America
7.4       Europe
7.4.1      United Kingdom
7.4.2      France
7.4.3      Germany
7.4.4      Italy
7.4.5      Netherlands
7.4.6      Norway
7.4.7      Türkiye
7.4.8      Sweden
7.4.9      Other European Countries
7.5       Asia Pacific
7.5.1      China
7.5.2      Japan
7.5.3      India
7.5.4      Australia
7.5.5      South Korea
7.5.6      Russia
7.5.7      Other Asia Pacific Nations
7.6       Middle East & Africa
7.6.1      Israel
7.6.2      United Arab Emirates
7.6.3      South Africa
7.6.4      Saudi Arabia
7.6.5      Other Middle East & African Nations

8       Small Sats market to 2033 by Region
8.1       Small Sats market by Region overview
8.2       Small Sats market Region by Type overview
8.2.1      North America market by Type overview
8.2.2      Europe market by Type overview
8.2.3      Asia-Pacific market by Type overview
8.2.4      Middle-East & Africa market by Type overview
8.2.5      Latin America market by Type overview
8.3       Small Sats market Region by Application overview
8.3.1      North America market by Application overview
8.3.2      Europe market by Application overview
8.3.3      Asia-Pacific market by Application overview
8.3.4      Middle-East & Africa market by Application overview
8.3.5      Latin America market by Application overview
8.4       Small Sats market Region by End-User overview
8.4.1      North America market by End-User overview
8.4.2      Europe market by End-User overview
8.4.3      Asia-Pacific market by End-User overview
8.4.4      Middle-East & Africa market by End-User overview
8.4.5      Latin America market by End-User overview

9       Small Sats market to 2033 by Type
9.1       Small Sats market by Type overview
9.2       Small Sats market Type by Region overview
9.2.1      Mini market by Region overview
9.2.2      Micro market by Region overview
9.2.3      Nano market by Region overview
9.2.4      Cube market by Region overview
9.3       Small Sats market Type by Application overview
9.3.1      Mini market by Application overview
9.3.2      Micro market by Application overview
9.3.3      Nano market by Application overview
9.3.4      Cube market by Application overview
9.4       Small Sats market Type by End-User overview
9.4.1      Mini market by End-User overview
9.4.2      Micro market by End-User overview
9.4.3      Nano market by End-User overview
9.4.4      Cube market by End-User overview

10    Small Sats market to 2033 by Application
10.1    Small Sats market by Application overview
10.2    Small Sats market Application by Region overview
10.2.1    Satellite Communication market by Region overview
10.2.2    Earth Observation market by Region overview
10.2.3    Earth Observation market by Region overview
10.2.4    Other Applications market by Region overview
10.3    Small Sats market Application by Type overview
10.3.1    Satellite Communication market by Type overview
10.3.2    Earth Observation market by Type overview
10.3.3    Earth Observation market by Type overview
10.3.4    Other Applications market by Type overview
10.4    Small Sats market Application by End-User overview
10.4.1    Satellite Communication market by End-User overview
10.4.2    Earth Observation market by End-User overview
10.4.3    Earth Observation market by End-User overview
10.4.4    Other Applications market by End-User overview

11    Small Sats market to 2033 by End-User
11.1    Small Sats market by End-User overview
11.2    Small Sats market End-User by Region overview
11.2.1    Government market by Region overview
11.2.2    Commercial market by Region overview
11.3    Small Sats market End-User by Type overview
11.3.1    Government market by Type overview
11.3.2    Commercial market by Type overview
11.4    Small Sats market End-User by Application overview
11.4.1    Government market by Application overview
11.4.2    Commercial market by Application overview

12    Opportunity Analysis
12.1    Introduction
12.2    Compound Growth Rates
12.2.1    By Region
12.2.2    By Type
12.2.3    By Application
12.2.4    By End-User
12.3    Growth Scenario
12.3.1    Small Sats market to 2033 by Region – Growth Scenario (US$ billion)
12.3.2    Small Sats market to 2033 by Type – Growth Scenario (US$ billion)
12.3.3    Small Sats market to 2033 by Application – Growth Scenario (US$ billion)
12.3.4    Small Sats market to 2033 by End-User – Growth Scenario (US$ billion)

13    Leading Companies
13.1    BAE Systems Plc
13.1.1    Introduction
13.1.2    Products and Services
13.1.3    Recent Contracts and Development
13.1.4    Recent Contracts
13.1.5    SWOT Analysis
13.2    CASC - China Aerospace Science and Technology Corporation
13.2.1    Introduction
13.2.2    Products and Services
13.2.3    Recent Contracts and Developments
13.2.4    SWOT Analysis
13.3    Embraer
13.3.1    Introduction
13.3.2    Products and Services:
13.3.3    Recent Contracts and Development
13.3.4    SWOT Analysis
13.4    General Atomics
13.4.1    Introduction
13.4.2    Products and Services
13.4.3    Recent Contracts and Development
13.4.4    SWOT Analysis
13.5    Gilat Satellite Networks
13.5.1    Introduction
13.5.2    Products and Service
13.5.3    Recent Contracts and Development
13.5.4    SWOT Analysis
13.6    Hensoldt
13.6.1    Introduction
13.6.2    Products and Services
13.6.3    Recent Contracts and Development
13.6.4    SWOT Analysis
13.7    Hughes Network Systems, LLC
13.7.1    Introduction
13.7.2    Products and Services
13.7.3    Recent Contracts and Development
13.7.4    SWOT Analysis
13.8    Inmarsat Government
13.8.1    Introduction
13.8.2    Products and Services
13.8.3    Recent Contracts and Development
13.8.4    SWOT Analysis
13.9    Kongsberg
13.9.1    Introduction
13.9.2    Products and Services
13.9.3    Recent Contracts and Development
13.9.4    SWOT Analysis
13.10  Kratos Defense & Security Solutions
13.10.1  Introduction
13.10.2  Products and Services
13.10.3  Recent Contracts and Development
13.10.4  SWOT Analysis
13.11  Lockheed Martin Corporation
13.11.1  Introduction
13.11.2  Products and Services
13.11.3  Recent Contracts and Development
13.11.4  Recent Contracts
13.11.5  SWOT Analysis
13.12  Open Cosmos
13.12.1  Introduction
13.12.2  Products and Services
13.12.3  Recent Contracts and Development
13.12.4  SWOT Analysis
13.13  Planet Labs
13.13.1  Introduction
13.13.2  Products and Services
13.13.3  Recent Contracts and Development
13.13.4  SWOT Analysis
13.14  Planetek Hellas
13.14.1  Introduction
13.14.2  Products and Services
13.14.3  Recent Contracts and Developments
13.14.4  SWOT Analysis
13.15  Rocket Lab
13.15.1  Introduction
13.15.2  Products and Services
13.15.3  Recent Contracts and Development
13.15.4  SWOT Analysis
13.16  RTX Corporation
13.16.1  Introduction
13.16.2  Products and Services
13.16.3  Recent Contracts and Development
13.16.4  SWOT Analysis
13.17  SES
13.17.1  Introduction
13.17.2  Products and Services
13.17.3  Recent Contracts and Development
13.17.4  SWOT Analysis
13.18  SpaceX
13.18.1  Introduction
13.18.2  Products and Services
13.18.3  Recent Contracts and Developments
13.18.4  SWOT Analysis
13.19  Spire Global
13.19.1  Introduction
13.19.2  Products and Services
13.19.3  Recent Contracts and Development
13.19.4  SWOT Analysis
13.20  Turkish Aerospace Industries
13.20.1  Introduction
13.20.2  Products and Services
13.20.3  Recent Contracts and Development
13.20.4  SWOT Analysis
13.21  Viasat, Inc.
13.21.1  Introduction
13.21.2  Products and Services
13.21.3  Recent Contracts and Development
13.21.4  SWOT Analysis
13.22  Other companies of interest
13.22.1  Exolaunch
13.22.2  Products and Services
13.22.3  Recent Contracts and Development
13.22.4  Packet Digital
13.22.5  Products and Services:
13.22.6  Recent Contracts and Developments

14    Results and Conclusions

15    About Market Forecast
15.1    General
15.2    Contact us
15.3    Disclaimer
15.4    License

Appendix A:         Companies Mentioned
Appendix B:         Abbreviations
 
 

List of figures

Figure 1: Size of Cubesats
Figure 2: Small Sats market summary by Region
Figure 3: Small Sats market summary by Type
Figure 4: Small Sats market summary by Application
Figure 5: Small Sats market summary by End-User
Figure 6: Orbits of Satellites
Figure 7: NASA’s 6-Pack of Mini-Satellites
Figure 8: Nano sat constellations as of 30 April, 2025
Figure 9: 2U CubeSat
Figure 10: Electric Propulsion System for Small Sats
Figure 11: Miniaturised Earth Observing Cameras
Figure 13: Critical Raw Materials producing countries
Figure 12: Critical Raw Materials dependence [%] and volume [mt] by producing countries
Figure 14: Market volumes over the forecast period per region
Figure 15: Dove Satellite Constellation (3 meters)
Figure 16: Low Earth Multi-Use Receiver
Figure 17: Photon - integrated launch-plus-spacecraft solution
Figure 18: Electrical Power Improvement for CubeSats
Figure 19: Market Segmentation and Sub Segmentation Small Satellite Market
Figure 20: The Mohammed bin Rashid Space Centre, UAE
Figure 21: Small Sats market to 2033 by Region [US$ billions]
Figure 22: Small Sats market to 2033 by Region %
Figure 23: North America Small Sats market to 2033 by Type
Figure 24: North America - Small Sats market to 2033 by Type
Figure 25: Europe Small Sats market to 2033 by Type
Figure 26: Europe - Small Sats market to 2033 by Type
Figure 27: Asia-Pacific Small Sats market to 2033 by Type
Figure 28: Asia-Pacific - Small Sats market to 2033 by Type
Figure 29: Middle-East & Africa Small Sats market to 2033 by Type
Figure 30: Middle-East & Africa - Small Sats market to 2033 by Type
Figure 31: Latin America Small Sats market to 2033 by Type
Figure 32: Latin America - Small Sats market to 2033 by Type
Figure 33: North America Small Sats market to 2033 by Application
Figure 34: North America - Small Sats market to 2033 by Application
Figure 35: Europe Small Sats market to 2033 by Application
Figure 36: Europe - Small Sats market to 2033 by Application
Figure 37: Asia-Pacific Small Sats market to 2033 by Application
Figure 38: Asia-Pacific - Small Sats market to 2033 by Application
Figure 39: Middle-East & Africa Small Sats market to 2033 by Application
Figure 40: Middle-East & Africa - Small Sats market to 2033 by Application
Figure 41: Latin America Small Sats market to 2033 by Application
Figure 42: Latin America - Small Sats market to 2033 by Application
Figure 43: North America Small Sats market to 2033 by End-User
Figure 44: North America - Small Sats market to 2033 by End-User
Figure 45: Europe Small Sats market to 2033 by End-User
Figure 46: Europe - Small Sats market to 2033 by End-User
Figure 47: Asia-Pacific Small Sats market to 2033 by End-User
Figure 48: Asia-Pacific - Small Sats market to 2033 by End-User
Figure 49: Middle-East & Africa Small Sats market to 2033 by End-User
Figure 50: Middle-East & Africa - Small Sats market to 2033 by End-User
Figure 51: Latin America Small Sats market to 2033 by End-User
Figure 52: Latin America - Small Sats market to 2033 by End-User
Figure 53: Small Sats market to 2033 by Type [US$ billions]
Figure 54: Small Sats market to 2033 by Type %
Figure 55: Mini Small Sats market to 2033 by Region
Figure 56: Mini - Small Sats market to 2033 by Region
Figure 57: Micro Small Sats market to 2033 by Region
Figure 58: Micro - Small Sats market to 2033 by Region
Figure 59: Nano Small Sats market to 2033 by Region
Figure 60: Nano - Small Sats market to 2033 by Region
Figure 61: Cube Small Sats market to 2033 by Region
Figure 62: Cube - Small Sats market to 2033 by Region
Figure 63: Mini Small Sats market to 2033 by Application
Figure 64: Mini - Small Sats market to 2033 by Application
Figure 65: Micro Small Sats market to 2033 by Application
Figure 66: Micro - Small Sats market to 2033 by Application
Figure 67: Nano Small Sats market to 2033 by Application
Figure 68: Nano - Small Sats market to 2033 by Application
Figure 69: Cube Small Sats market to 2033 by Application
Figure 70: Cube - Small Sats market to 2033 by Application
Figure 71: Mini Small Sats market to 2033 by End-User
Figure 72: Mini - Small Sats market to 2033 by End-User
Figure 73: Micro Small Sats market to 2033 by End-User
Figure 74: Micro - Small Sats market to 2033 by End-User
Figure 75: Nano Small Sats market to 2033 by End-User
Figure 76: Nano - Small Sats market to 2033 by End-User
Figure 77: Cube Small Sats market to 2033 by End-User
Figure 78: Cube - Small Sats market to 2033 by End-User
Figure 79: Small Sats market to 2033 by Application [US$ billions]
Figure 80: Small Sats market to 2033 by Application %
Figure 81: Satellite Communication Small Sats market to 2033 by Region
Figure 82: Satellite Communication - Small Sats market to 2033 by Region
Figure 83: Earth Observation Small Sats market to 2033 by Region
Figure 84: Earth Observation - Small Sats market to 2033 by Region
Figure 85: Earth Observation Small Sats market to 2033 by Region
Figure 86: Earth Observation - Small Sats market to 2033 by Region
Figure 87: Other Applications Small Sats market to 2033 by Region
Figure 88: Other Applications - Small Sats market to 2033 by Region
Figure 89: Satellite Communication Small Sats market to 2033 by Type
Figure 90: Satellite Communication - Small Sats market to 2033 by Type
Figure 91: Earth Observation Small Sats market to 2033 by Type
Figure 92: Earth Observation - Small Sats market to 2033 by Type
Figure 93: Earth Observation Small Sats market to 2033 by Type
Figure 94: Earth Observation - Small Sats market to 2033 by Type
Figure 95: Other Applications Small Sats market to 2033 by Type
Figure 96: Other Applications - Small Sats market to 2033 by Type
Figure 97: Satellite Communication Small Sats market to 2033 by End-User
Figure 98: Satellite Communication - Small Sats market to 2033 by End-User
Figure 99: Earth Observation Small Sats market to 2033 by End-User
Figure 100: Earth Observation - Small Sats market to 2033 by End-User
Figure 101: Earth Observation Small Sats market to 2033 by End-User
Figure 102: Earth Observation - Small Sats market to 2033 by End-User
Figure 103: Other Applications Small Sats market to 2033 by End-User
Figure 104: Other Applications - Small Sats market to 2033 by End-User
Figure 105: Small Sats market to 2033 by End-User [US$ billions]
Figure 106: Small Sats market to 2033 by End-User %
Figure 107: Government Small Sats market to 2033 by Region
Figure 108: Government - Small Sats market to 2033 by Region
Figure 109: Commercial Small Sats market to 2033 by Region
Figure 110: Commercial - Small Sats market to 2033 by Region
Figure 111: Government Small Sats market to 2033 by Type
Figure 112: Government - Small Sats market to 2033 by Type
Figure 113: Commercial Small Sats market to 2033 by Type
Figure 114: Commercial - Small Sats market to 2033 by Type
Figure 115: Government Small Sats market to 2033 by Application
Figure 116: Government - Small Sats market to 2033 by Application
Figure 117: Commercial Small Sats market to 2033 by Application
Figure 118: Commercial - Small Sats market to 2033 by Application
Figure 119: Small Sats Size by Region
Figure 120: Small Sats CAGR by Region in US$ billions
Figure 121: Small Sats Size by Type
Figure 122: Small Sats CAGR by Type in US$ billions
Figure 123: Small Sats Size by Application
Figure 124: Small Sats CAGR by Application in US$ billions
Figure 125: Small Sats Size by End-User
Figure 126: Small Sats CAGR by End-User in US$ billions
Figure 127: Small Sats market to 2033 by Region [US$ billions]
Figure 128: Small Sats market to 2033 by Type [US$ billions]
Figure 129: Small Sats market to 2033 by Application [US$ billions]
Figure 130: Small Sats market to 2033 by End-User [US$ billions]
 

List of tables

Table 1: Small Sats market summary by Region in US$ billions
Table 2: Small Sats market summary by Type in US$ billions
Table 3: Small Sats market summary by Application in US$ billions
Table 4: Small Sats market summary by End-User in US$ billions
Table 5: Critical Raw Materials used in Small Sats
Table 6: Critical Raw Materials - Annual production from low-risk countries (LRC) versus required production for Small Sats
Table 7: Primary Small Satellite Services and Applications
Table 9: Market activity
Table 10: {Topic} market forecast by Country [US$ billion]
Table 11: Small Sats market to 2033 by Region [US$ billions]
Table 12: North America Small Sats market to 2033 by Type [US$ billions]
Table 13: Europe Small Sats market to 2033 by Type [US$ billions]
Table 14: Asia-Pacific Small Sats market to 2033 by Type [US$ billions]
Table 15: Middle-East & Africa Small Sats market to 2033 by Type [US$ billions]
Table 16: Latin America Small Sats market to 2033 by Type [US$ billions]
Table 17: North America Small Sats market to 2033 by Application [US$ billions]
Table 18: Europe Small Sats market to 2033 by Application [US$ billions]
Table 19: Asia-Pacific Small Sats market to 2033 by Application [US$ billions]
Table 20: Middle-East & Africa Small Sats market to 2033 by Application [US$ billions]
Table 21: Latin America Small Sats market to 2033 by Application [US$ billions]
Table 22: North America Small Sats market to 2033 by End-User [US$ billions]
Table 23: Europe Small Sats market to 2033 by End-User [US$ billions]
Table 24: Asia-Pacific Small Sats market to 2033 by End-User [US$ billions]
Table 25: Middle-East & Africa Small Sats market to 2033 by End-User [US$ billions]
Table 26: Latin America Small Sats market to 2033 by End-User [US$ billions]
Table 27: Small Sats market to 2033 by Type [US$ billions]
Table 28: Mini Small Sats market to 2033 by Region [US$ billions]
Table 29: Micro Small Sats market to 2033 by Region [US$ billions]
Table 30: Nano Small Sats market to 2033 by Region [US$ billions]
Table 31: Cube Small Sats market to 2033 by Region [US$ billions]
Table 32: Mini Small Sats market to 2033 by Application [US$ billions]
Table 33: Micro Small Sats market to 2033 by Application [US$ billions]
Table 34: Nano Small Sats market to 2033 by Application [US$ billions]
Table 35: Cube Small Sats market to 2033 by Application [US$ billions]
Table 36: Mini Small Sats market to 2033 by End-User [US$ billions]
Table 37: Micro Small Sats market to 2033 by End-User [US$ billions]
Table 38: Nano Small Sats market to 2033 by End-User [US$ billions]
Table 39: Cube Small Sats market to 2033 by End-User [US$ billions]
Table 40: Small Sats market to 2033 by Application [US$ billions]
Table 41: Satellite Communication Small Sats market to 2033 by Region [US$ billions]
Table 42: Earth Observation Small Sats market to 2033 by Region [US$ billions]
Table 43: Earth Observation Small Sats market to 2033 by Region [US$ billions]
Table 44: Other Applications Small Sats market to 2033 by Region [US$ billions]
Table 45: Satellite Communication Small Sats market to 2033 by Type [US$ billions]
Table 46: Earth Observation Small Sats market to 2033 by Type [US$ billions]
Table 47: Earth Observation Small Sats market to 2033 by Type [US$ billions]
Table 48: Other Applications Small Sats market to 2033 by Type [US$ billions]
Table 49: Satellite Communication Small Sats market to 2033 by End-User [US$ billions]
Table 50: Earth Observation Small Sats market to 2033 by End-User [US$ billions]
Table 51: Earth Observation Small Sats market to 2033 by End-User [US$ billions]
Table 52: Other Applications Small Sats market to 2033 by End-User [US$ billions]
Table 53: Small Sats market to 2033 by End-User [US$ billions]
Table 54: Government Small Sats market to 2033 by Region [US$ billions]
Table 55: Commercial Small Sats market to 2033 by Region [US$ billions]
Table 56: Government Small Sats market to 2033 by Type [US$ billions]
Table 57: Commercial Small Sats market to 2033 by Type [US$ billions]
Table 58: Government Small Sats market to 2033 by Application [US$ billions]
Table 59: Commercial Small Sats market to 2033 by Application [US$ billions]
Table 60: Small Sats market to 2033 by Region [US$ billions]
Table 61: Small Sats market to 2033 by Type [US$ billions]
Table 62: Small Sats market to 2033 by Application [US$ billions]
Table 63: Small Sats market to 2033 by End-User [US$ billions]
 
 

SpaceX
Planet Labs
Spire Global
Rocket Lab
Terran Orbital
OneWeb
EnduroSat
GomSpace
Blue Canyon Technologies
Capella Space
BlackSky
Astroscale
Thales Alenia Space
Airbus Defence and Space
Lockheed Martin Corporation
Northrop Grumman
Maxar Technologies
LeoStella
York Space Systems
Firefly Aerospace
Isar Aerospace
Agnikul Cosmos
Pixxel
Skyroot Aerospace
Analytical Space
Kepler Communications
Orbex
Aurora Propulsion Technologies
Space Forge
ClearSpace
 

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