Global Small Satellite Market Size, Trends & Growth Opportunity, By Type (Minisatellite, Microsatellite, Nanosatellite, Pico-Satellites, and Femto-satellite), By Application (Imaging & Earth Observations, Satellite Communication, Science & Explorations, Technology Development, and Space Situational Awareness), By End User (Civil, Commercial, and Military), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Small Satellite Market 
Global Small Satellite Market was valued at USD 3.5 billion in 2021 and is expected to reach USD 8.5 billion by 2027, at a CAGR 11.60% from 2022-2027.
A small satellite, smallsat, or miniaturized satellite is a satellite of low mass & size, usually under 1,200 kg. While all such satellites can be referred to as "small", different classifications are used to categorize them based on mass. Satellites are built small to reduce the large economic cost of launch vehicles and the costs associated with construction.
Also, these satellites are more useful than larger ones. Small satellites and spacecraft help NASA advance scientific and human exploration, expand access to space, and reduce the cost of new space missions. 
Market Drivers
Rising demand for small satellites for earth observation services in many sectors like agriculture, civil engineering, energy, and oil & gas are considered as key driving factors which are expected to boost the global small satellite market growth. 
Furthermore, increasing focus on mission cost shall have a positive impact on market growth. Moreover, growing investments by venture companies which is expected to propel the market growth during this forecast period. 
Additionally, compared to conventional satellites, small satellites have shorter development teal, shorter development cycle, and they decrease the manufacturing and launching cost which will fuel the market growth.
Market Restraints
However, lack of dedicated launch vehicles to launch small satellites is the major challenging factor which is expected to hinder the global small satellites market growth. Furthermore, design related limitations and programmatic & scientific risks involved in production of small satellites are some of the other restraining factors which will hamper the small satellites market growth in forecast period 2027.
Market Segmentation
The Global Small Satellite Market is segmented into type, application, end user, and region.
Based on type, the small satellite market is sub-segmented into minisatellite (150–500 kg), microsatellite (10–150 kg), nanosatellite (1–10 kg), picosatellite (0.01–1 kg), and femto satellite (0.001–0.01 kg).
Regional Analysis
The Global Small Satellite Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
The North American region is expected to dominate the small satellite market, attributable to the expanding interest for dispatch administrations for satellites, space tests, and human space apparatus. Also, the small satellite adapter of space flights to ISS and expanded interests in space investigation missions are major factors expected to drive the development of the market in North America. 
Key Players
Various key players are discussed into the Global Small Satellite Market Report including: Sierra Nevada Corporation, Singapore Technologies Engineering Limited, Surrey Satellite Technology LTD., Planet Labs Inc, Airbus Défense and Space, Northrop Grumman Corporation, Space Exploration Technologies Corp, Boeing, Thales Alenia Space, Mitsubishi Heavy Industries, Ltd., and Others.
For instance, in April 2020, Lockheed Martin had received a USD 5.8 Million contract from Défense Advanced Research Projects Agency (USA) to deploy a constellation of 20 small satellites to demonstrate that a low Earth orbit system shall provide global high-speed communications.
Market Taxonomy
By Type
•        Minisatellite
•        Microsatellite
•        Nanosatellite
•        Pico-Satellites
•        Femto-satellite
By Application
•        Imaging & Earth Observations
•        Satellite Communication
•        Science & Explorations
•        Technology Development
•        Space Situational Awareness
By End User
•        Civil & Commercial
•        Government & Défense
By Region
•        North America
•        Latin America
•        Europe
•        Asia Pacific
•        Middle East & Africa

Global Small Satellite Market TOC:
1 Introduction 
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Small Satellite Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Small Satellite Market, By Type
5.1 Y-o-Y Growth Comparison, By Type 
5.2 Global Small Satellite Market Share Analysis, By Type 
5.3 Global Small Satellite Market Size and Forecast, By Type
5.3.1 Minisatellite
5.3.2 Microsatellites
5.3.3 Nanosatellite
5.3.4 Femto- Satellite
6 Global Small Satellite Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Small Satellite Market Share Analysis, By Application
6.3 Global Small Satellite Market Size and Forecast, By Application
6.3.1 Imaging & Earth Observations
6.3.2 Satellite Communication
6.3.3 Science & Exploration
6.3.4 Technology Development
6.3.5 Space Situational Awareness
7 Global Small Satellite Market, End User
7.1 Y-o-Y Growth Comparison, End User
7.2 Global Small Satellite Market Share Analysis, End User
7.3 Global Small Satellite Market Size and Forecast, End User
7.3.1 Civil & Commercial
7.3.2 Government & Défense
8 Global Small Satellite Market, By Region
8.1 Global Small Satellite Market Share Analysis, By Region
8.2 Global Small Satellite Market Share Analysis, By Region
8.3 Global Small Satellite Market Size and Forecast, By Region
9 North America Small Satellite Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 North America Small Satellite Market Share Analysis, By Type
9.3 North America Small Satellite Market Size and Forecast, By Application
9.4 North America Small Satellite Market Size and Forecast, End User
9.5 North America Small Satellite Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Small Satellite Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Europe Small Satellite Market Share Analysis, By Type 
10.3 Europe Small Satellite Market Size and Forecast, By Application 
10.4 Europe Small Satellite Market Size and Forecast, End User
10.5 Europe Small Satellite Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Small Satellite Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Asia Pacific Small Satellite Market Share Analysis, By Type 
11.3 Asia Pacific Small Satellite Market Size and Forecast, By Application 
11.4 Asia Pacific Small Satellite Market Size and Forecast, End User
11.5 Asia Pacific Small Satellite Market Size and Forecast, By Country
11.5.1 China 
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia Pacific
12 Latin America Small Satellite Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Latin America Small Satellite Market Share Analysis, By Type 
12.3 Latin America Small Satellite Market Size and Forecast, By Application 
12.4 Latin America Small Satellite Market Size and Forecast, End User
12.5 Latin America Small Satellite Market Size and Forecast, Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Small Satellite Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Middle East Small Satellite Market Share Analysis, By Type 
13.3 Middle East Small Satellite Market Size and Forecast, By Application 
13.4 Middle East Small Satellite Market Size and Forecast, End User
13.5 Middle East Small Satellite Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Sierra Nevada Corporation
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Singapore Technologies Engineering Limited
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Surrey Satellite Technology LTD
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Planet Labs Inc.
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Airbus Defense and Space
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Northrop Grumman Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Space Exploration Technologies Corp
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies 
15.8 Boeing
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies 
15.9 Thales Alenia Space 
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Mitsubishi Heavy Industries, Ltd.
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies