Top Companies in Small Satellite Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research

Small Satellite Market is expected to reach USD 8.86 Billion by 2030 at a CAGR of 17.3% over the forecast period 2023-2030.

Top Companies in Small Satellite Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Small Satellite Market

Vantage Market Research has recently published a new report on the "Small Satellite Market" Global Industry Assessment & Forecast to identify key trends and challenges. The report offers insights into the competitive landscape, prospects, and key investment considerations for businesses operating in Small Satellite Market. The key statistics in the report highlight that Global Small Satellite Market was valued at USD 2.9 Billion in 2022 and is expected to reach USD 8.86 Billion by 2030 at a CAGR of 17.3% over the forecast period 2023-2030. The global Small Satellite Market will continue to expand due to increased demand from end users, lower launch costs, development of automation, and technical innovation.

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The Global Small Satellite Market is dominated by well-known players like Planet Labs Inc. (U.S.), Space Exploration Technologies Corporation (SpaceX) (U.S.), Sierra Nevada Corporation (U.S.), Spire Global Inc. (U.S.), Blue Canyon Technologies Inc. (U.S.), AAC Clyde Space (Sweden), L3Harris Technologies Inc. (U.S.), Airbus Defence and Space (Germany), Axelspace Corporation (Japan), Kepler Communications Inc. (Canada), and others.

Let's Take a Look at the Top Market Players that are Captivating the Small Satellite Market

  1. Planet Labs Inc. (U.S.)

Planet Labs Inc. is a US-based company that provides satellite imagery and analytics services. The company operates a fleet of small satellites that capture high-resolution images of the Earth's surface. The company was founded in 2010 by former NASA scientists and engineers. Planet Labs Inc. is well-positioned to take advantage of this growth as a leading player in the small satellite market. The company offers various services, including high-resolution satellite imagery, data analytics, and platform-as-a-service (PaaS) solutions. Planet Labs' satellites are also used by government agencies, non-profits, and commercial organizations to monitor environmental changes and support disaster relief efforts.

  1. Space Exploration Technologies Corporation (SpaceX) (U.S.)

Elon Musk, a businessman, founded Space Exploration Technologies Corporation, also known as SpaceX, a private American aerospace manufacturer and provider of space transportation services, in 2002. It is dedicated to developing reusable rockets and spacecraft to reduce space transportation costs and enable space exploration and travel. In recent years, SpaceX's focus has also shifted towards the small satellite market, which refers to satellites with a mass of less than 500 kg. The increasing demand for small satellites and the need for cost-effective launch services have led to the emergence of several new companies in the small satellite market. With its innovative and affordable launch capabilities, SpaceX has become a major player in this market. SpaceX's Falcon 9 rocket and Dragon spacecraft have successfully launched small satellites into orbit, with multiple launches per year. The company has also designed and developed its smallsat bus called Starlink, which can support a wide range of missions, including communication, remote sensing, and scientific research.

  1. Sierra Nevada Corporation (U.S.)

Sierra Nevada Corporation (SNC) is a privately held American aerospace and national security contractor headquartered in Sparks, Nevada. SNC specializes in designing, developing, and manufacturing advanced spacecraft, aircraft, space systems, and technologies for commercial and government clients. One of SNC's areas of focus is the small satellite market. Small satellites, also known as CubeSats or nanosatellites, weigh less than 500 kg and are used for various applications, including remote sensing, Earth observation, communications, and scientific research. SNC is well-positioned in the small satellite market, with a portfolio of innovative small satellite technologies and systems. For example, SNC's Dream Chaser spacecraft can be configured to carry CubeSats into orbit and deploy them once in space. SNC also offers a range of other small satellite solutions, including communications systems, propulsion systems, and satellite buses.

  1. Spire Global Inc. (U.S.)

Spire Global Inc. is an American company specializing in small satellite technology and data analytics for various industries, including maritime, aviation, and weather forecasting. The company was founded in 2012 and has since launched over 100 small satellites into orbit. Spire Global's small satellite technology allows for more frequent and accurate data collection, which can provide valuable insights for businesses and organizations. For example, their maritime tracking system can help monitor global shipping routes and detect potential security threats or illegal activities. Spire Global is one of the leading companies in the small satellite industry, focusing on providing data and analytics services to customers worldwide. The company partners with various organizations, including NASA, the European Space Agency, and the National Oceanic and Atmospheric Administration (NOAA).

  1. Blue Canyon Technologies Inc. (U.S.)

Blue Canyon Technologies Inc. is a private company based in Boulder, Colorado. They offer turnkey small satellite solutions, including nanosatellites, microsatellites, and ESPA class platforms. They focus on developing affordable, reliable, and innovative solutions for missions in Earth orbit and deep space. Blue Canyon Technologies was founded in 2008 by George Stafford and Brent Abbott. The company has recently increased and has been involved in more than 40 projects since its inception. It provides many spacecraft subsystems, including attitude control systems, power management systems, command and data processing systems, and communication systems. Blue Canyon Technologies has worked with many clients, including NASA, the Department of Defense, and commercial satellite operators. Blue Canyon Technologies has an estimated annual revenue of $151 million annually.

  1. AAC Clyde Space (Sweden)

AAC Clyde Space is a Scottish company specializing in developing, producing, and operating small satellites. Founded in 2005, the company has grown rapidly and employs more than 150 people. AAC Clyde Space designs and builds satellites for various applications, including Earth observation, telecommunications, and science missions. The company's satellites range in size from 1U (10cm x 10cm x 10cm) to 6U (20cm x 20cm x 30cm) and are designed to be highly configurable and scalable. AAC Clyde Space also provides various services related to space missions, including mission planning, operations, and data processing. In addition, the company's mission control center in Glasgow, Scotland, also enables customers to monitor and control their satellites in real-time.AAC Clyde Space has five employees in 6 locations, and annual sales for FY 2022 are SEK 196.72 million. Overall, AAC Clyde Space aims to provide affordable, high-quality satellite solutions to customers worldwide, focusing on enabling new space applications and services.

  1. L3Harris Technologies Inc. (U.S.)

L3Harris Technologies Inc. is a prominent player in the small satellite market. The company provides many products and services for small satellite missions, including spacecraft bus systems, payloads, ground systems, and mission operations. L3Harris has extensive expertise in designing and building small and medium-sized spacecraft, offering affordable solutions for clients worldwide. L3Harris is well-positioned in the small satellite market with its strong technological capabilities, competitive pricing, and excellent customer support. The company has collaborated with private and public organizations to develop innovative solutions for small satellite missions, providing comprehensive support throughout the entire mission lifecycle. L3Harris has also invested in advanced technologies such as artificial intelligence, robotics, and machine learning to enhance the efficiency and reliability of small satellite systems.

  1. Airbus Defence and Space (Germany)

Airbus Defence and Space, a subsidiary of Airbus Group, is a leading provider of small satellite technology, solutions, and services in the global market. The company offers a wide range of innovative and cost-effective solutions, including mission design, integration, testing, launch services, and ground segment operations. Airbus Defence and Space's small satellite products and services are designed to cater to a diverse range of applications, including earth observation, telecommunications, navigation, and scientific research. Airbus Defence and Space is well-positioned in this market, with a strong focus on innovation, agility, and customer-driven solutions. The company's expertise in designing and building small satellites, combined with its extensive portfolio of ground infrastructure and network services, enables it to offer complete end-to-end solutions for customers. The company has a strong presence in Europe, with state-of-the-art facilities in Germany, France, and the UK and a global network of partners and customers. Airbus Defence and Space's small satellite products and services are used by many customers, including government agencies, commercial operators, and academic institutions.

  1. Axelspace Corporation (Japan)

Axelspace Corporation is a Japanese company specializing in developing and operating small Earth observation satellites. Founded in 2008, the company's mission is to provide valuable data and insights to customers in industries such as agriculture, forestry, and infrastructure. Axelspace Corporation's flagship satellite, the AxelGlobe, is a constellation of 50 small satellites that will provide daily coverage of the entire planet. The first AxelGlobe satellite was launched in 2018, and the company plans to have the full constellation in orbit by 2023. The data provided by the AxelGlobe constellation will enable users to monitor global changes, track natural disasters, and gather detailed information about specific areas. In addition to its Earth observation satellites, Axelspace Corporation is also developing a satellite-based Internet of Things (IoT) network called AxelNet. This network will allow users to connect and communicate with remote sensors and devices in areas with limited infrastructure.

  1. Kepler Communications Inc. (Canada)

Kepler Communications Inc. is a Canadian-based company specializing in developing small satellites for telecommunications purposes. With a mission to connect the world's devices, Kepler provides satellite internet-of-things (IoT) connectivity and other data services for its customers. The company's satellites are designed to be cost-effective and easily deployable, making them ideal for various applications. Kepler's satellites are designed to orbit in a low Earth orbit, providing real-time connectivity to remote areas, ships, and even aircraft. In addition, the company's satellites are also equipped with advanced software-defined radio technology that enables them to provide high-speed data services and support multiple frequencies simultaneously.

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