The Small Satellite Services Global Market Report 2023, provides comprehensive information on the small satellite services market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global small satellite services market size is expected to grow from $38.06 billion in 2022 to $47.93 billion in 2023 at a compound annual growth rate (CAGR) of 25.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the small satellite services market is expected to grow to $121.46 billion in 2027 at a CAGR of 26.2%.
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New product innovation is the key trend gaining popularity in the small satellite services market. Major companies operating in the small satellite services market are focused on research and development for product innovations to strengthen their position in the market. For instance, in September 2021, Honeywell International Inc., a US-based company operating in aerospace products and services, introduced its advanced high-data communication system for small satellites integrated with a high-speed baseband processor known as Honeywell Aerospace XDL-C301-HR. Honeywell Aerospace’s XDL-C301-HR includes the unique feature of a “baseband processor,” a chip capable of converting digital data into radio frequency or vice versa and transmitting it over a radio access. Honeywell Aerospace XDL-C301-HR provides high-bandwidth data to be transmitted down to Earth and between satellites in orbit in X-band with low power consumption and enhances the process of telecommand.
The small satellite services market is segmented:
1) By Platform: CubeSat, Nanosatellite, Microsatellite, Minisatellite
2) By NEGO orbit: Traditional LEO and MEO Satellite, LEO High Throughput Satellite, MEO High Throughput Satellite
3) By Vertical: Government and Military, Non-profit Organizations, Commercial
4) By Application: Communication, Remote Sensing, Research, Education, Surveillance and Security, Navigation, Other Applications
North America was the largest region in the small satellite services market in 2022.
The table of contents in TBRC’s small satellite services market report includes:
1. Executive Summary
2. Small Satellite Services Market Characteristics
3. Small Satellite Services Market Trends And Strategies
4. Small Satellite Services Market – Macro Economic Scenario
5. Small Satellite Services Market Size And Growth
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26. Africa Small Satellite Services Market
27. Small Satellite Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Small Satellite Services Market
29. Small Satellite Services Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Singapore Telecommunications Limited
- Eutelsat S.A
- EchoStar Corporation
- RSS (Remote Sensing Solutions GmbH)
- Inmarsat
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