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Small Satellite Market Projected to Reach $7.0 Billion by 2028

The report "Small Satellite Market by Mass (Small Satellite, CubeSat), Application, Subsystems (Satellite Bus, Payload, Solar Panel, Satellite Antenna), Frequency, End-use (Commercial, Government & Defence, Dual-use), Orbit and Region - Global Forecast to 2028."

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Small Satellite Market Projected to Reach $7.0 Billion by 2028

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  1. (/) Small Satellite Market CAREER (/CAREER.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp) REPORTS (/TOP-MARKET-REPORTS.ASP) RESOURCE CENTER ABOUT MNM Search Reports HOME (/) PRESS RELEASES (/PRESS-RELEASE-2.HTML) CONTACT US (/CONTACTUS.ASP) HOME (/)› PRESS RELEASES (/PRESS-RELEASE-2.HTML)› Small Satellite Industry worth $7.0 billion by 2028 GLOBAL TOP 2000 STRATEGIST RELY ON US FOR THEIR GROWTH STRATEGIES. KNOW MORE Small Satellite Industry worth $7.0 billion by 2028 (/Knowledgestore.asp) VIEW FULL TABLE OF CONTENTS (HTTPS://WWW.MARKETSANDMARKETS.COM/MARKET-REPORTS/SMALL- SATELLITE-MARKET-150947396.HTML) METHODOLOGY (HTTPS://WWW.MARKETSANDMARKETS.COM/MARKET-REPORTS/SMALL-SATELLITE-MARKET- 150947396.HTML) DOWNLOAD PDF (/PDFDOWNLOADNEW.ASP?ID=150947396) The report "Small Satellite Market (https://www.marketsandmarkets.com/Market-Reports/small-satellite- market-150947396.html) by Mass (Small Satellite, CubeSat), Application, Subsystems (Satellite Bus, Payload, Solar Panel, Satellite Antenna), Frequency, End-use (Commercial, Government & Defence, Dual-use), Orbit and Region - Global Forecast to 2028." The small satellite market is estimated at USD 3.2 billion in 2023 and is projected to reach USD 7.0 billion by 2028, at a CAGR of 16.8 % from 2023 to 2028. The increasing capabilities of small satellites through the integration of the latest hi-tech and commercial-off-the- shelf electronic circuits will further boost the demand for such satellites at a rapid pace in the coming years. Browse 307 market data Tables and 47 Figures spread through 327 Pages and in-depth TOC on "Small Satellite Market by Mass (Small Satellite, CubeSat), Application, Subsystems (Satellite Bus, Payload, Solar Panel, Satellite Antenna), Frequency, End-use (Commercial, Government & Defence, Dual-use), Orbit and Region - Global Forecast to 2028 " View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/small-satellite- market-150947396.html (https://www.marketsandmarkets.com/Market-Reports/small-satellite-market- 150947396.html) Commercial segment is expected to account for the largest share in 2023. By End-use, the small satellite market is segmented into commercial, government & defense and dual use. The Commercial segment is expected to account for the largest share the small satellite market by the end-user. One of the main factors boosting the market for small satellites is the reduced in launch costs. The cost of launching a satellite into orbit used to be extremely high, sometimes costing over $100 million. The new launch firms like SpaceX and Rocket Lab have significantly reduced the cost of placing small satellites into orbit. Small satellite constellation development has developed as a result of the decrease in cost for enterprises to launch small satellites. The growth of the satellite operators/owners segment is due to rising investments from the private sector in space research and satellite communication services. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  2. Earth Observation segment is expected to account for the largest share in 2023. By Application, the small satellite market is segmented into Communication, Earth Observation, Education, Technology, Others. The small satellite market's Earth observation segment is witnessing strong growth because it provides cost-efficient, frequent data collection for diverse industries. Small satellites offer high- resolution imagery, benefiting businesses in agriculture, environmental monitoring, and disaster management. These capabilities enhance decision-making, resource optimization, and risk reduction. Consequently, businesses are increasingly investing in small satellite-based Earth observation solutions, fostering market growth and innovation (/) Sign In (https://www.marketsandmarkets.com/signin.asp) REPORTS (/TOP-MARKET-REPORTS.ASP) HOME (/) CAREER (/CAREER.ASP) PRESS RELEASES (/PRESS-RELEASE-2.HTML) CONTACT US (/CONTACTUS.ASP) The Satellite bus segment held the largest market share in the small satellite market. By Subsegment, the small satellite market has been segmented into satellite bus, payload, solar panel, satellite antenna and others. Satellite bus segment to hold the largest market share. The Satellite bus segment demand is influence by the adoption of the small satellite for various applications such as earth observation, communication, research etc. Overall, it is anticipated that the small satellite bus segment market would expand and diversify over the coming years as new technologies and applications are introduced. The Ku-band segment of the small satellite market by Frequency is projected to dominate the market. The small satellite marketed based on the frequency is segmented into the L-band, S-band, C-band,X-band, Ku-band, Ka-band, Q/V-band, HF/VHF/UHF-band, Laser/Optical. KU-band offers high data transmission capabilities in a compact form, making it ideal for broadband internet, remote sensing, and Earth observation services. KU-band's ability to efficiently meet the increasing demand for connectivity and data while accommodating miniaturized satellite designs positions it as a prime choice for lucrative business opportunities in the thriving small satellite sector. The LEO segment of the small satellite market by orbit is projected to dominate the market. The small satellite marketed based on the orbit is segmented into the LEO, MEO, GEO and others. The Low Earth Orbiting (LEO (https://www.marketsandmarkets.com/PressReleases/leo-satellite.asp)) Segment holds the major market share of the small satellite market by orbit segment. GEO Segment to hold the highest growth rate over the forecast period. Growing demand for high-speed and low-latency communication and increased satellite and spacecraft launches in LEO are primarily driving this segment. North America is expected to account for the largest share in 2023. The small satellite market industry has been studied in North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The North America region to account for the largest market share. The market in North America is being driven by increasing NASA Research and Development initiatives and rising military spending on surveillance missions. Major players operating in the small satellite market Sierra Nevada Corporation (US), L3Harris Technologies (US), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), and Airbus Defence and Space (Germany) are some of the market players. Don’t miss out on business opportunities in Small Satellite Market. Speak to our analyst and gain crucial industry insights that will help your business grow. (https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=150947396) About MarketsandMarkets™ We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  3. MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. (/) Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. Sign In (https://www.marketsandmarkets.com/signin.asp) REPORTS (/TOP-MARKET-REPORTS.ASP) HOME (/) CAREER (/CAREER.ASP) PRESS RELEASES (/PRESS-RELEASE-2.HTML) CONTACT US (/CONTACTUS.ASP) MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com (mailto:sales@marketsandmarkets.com) Report Code AS 4259 PR Published ON 3/31/2023 ? REQUEST FREE SAMPLE REPORT (/requestsampleNew.asp?id=150947396) We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info X CHOOSE LICENSE TYPE (https://www.marketsandmarkets.com/Privacy-12.html).

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