The Small Satellite Market is estimated to be USD 2.92 Billion in 2017 and is projected to reach USD 7.53 Billion by 2022, at a CAGR of 20.83% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.
The ecosystem of the small satellite market comprises defense departments, satellite developers, telecommunication companies, and regulatory authorities, among others. Sierra Nevada Corporation (U.S.), Planet Labs (U.S.) and Surrey Satellite Technology (U.K.), among others, are the major players in the market. They offer advanced technology systems, launch systems, products, and services.
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- Small Satellite Manufacturers
- Original Equipment Manufacturers
- Sub-component Manufacturers
- Technology Support Providers
North America is estimated to lead the small satellite market in 2017. Increasing interest in small satellites due to their low cost, advanced mechanics, and ease of assemble and launch has led to a rise in venture capital-backed funding for small satellites in the region. The small satellite market in the North American region is expected to witness high growth during the forecast period.
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