The small satellite market is expected to grow with a CAGR of over 14% during the forecast period (2022-2027). In July 2021, the US Space Force launched an experimental microsatellite, Monolith, from a Rocket Lab-built Electron rocket. The satellite was built by the Space Dynamics Laboratory of Utah State University and was launched to explore the use of small satellites for Department of Defense missions. For more insights: https://bit.ly/3IU8diN

1. Small
Satellite
Market
GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2022 - 2027)

2. MARKET SEGMENTATION
By Type
Minisatellite
Microsatellite
Nanosatellite
Picosatellite
Femtosatellite
By End user
Civil
Commercial
Military
By Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

3. during the forecast
period (2022-2027)
The small satellite market is
expected to grow with a
CAGR
MARKET OVERVIEW
14%

4. The satellites can verify international compliance to
the arms limitation treaties and aid in strategic
targeting
Since small military satellites can also be launched as
a secondary payload, the adoption is increasing on
account of the increasing use of satellites in tactical
warfare
In July 2021, the Netherlands launched the country’s
first military satellite. BRIK II, a nanosatellite, into
orbit around the Earth by the company Virgin Orbit
MILITARY SATELLITE SEGMENT
GROWTH

5. China is also investing heavily in space technology and
as per the China National Space Administration (CNSA),
the country expects to launch about 100 satellites by
2025
The Indian Space Research Organization (ISRO) diverts
most of its commercial space-related activities to
industry and enhances focus on advanced research.
GEOGRAPHICAL OVERVIEW

6. LATEST ADVANCEMENTS IN
SMALL SATELLITE MARKET
Two of the satellites were from
SatRevolution, a Polish smallsat developer.
One satellite was from Spire Global, which
is developed with the Austrian Space
Forum and Findus Venture GmbH to
measure the orbital debris environment.
The remaining four of the satellites came
through the Defense Department’s Space
Test Program
In January 2022, Virgin Orbit placed seven
CubeSats for three customers into orbit on the
third consecutive successful operational flight
of its LauncherOne air-launch system

7. The presence of several players in the small satellites market makes
it a fragmented market
COMPETITIVE LANDSCAPE
& many more...

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