Small Satellite Market Impacted by COVID-19, Market to Remain Dormant in Near Term, Projects FMI 2022 -2031

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Small Satellite Market Impacted by COVID-19, Market to Remain Dormant in Near Term, Projects FMI 2022 -2031

  • By type, the nanosatellite segment is anticipated to account for the leading share in the global market for small satellite during the forecast period. However, the microsatellite segment is estimated to grow at a robust CAGR of 19.5% through 2031.
  • By end user, the adoption of small satellites in commercial sector is anticipated to increase at a CAGR of 17.5% between 2021 and 2031, while civil segment is currently dominating the market.
  • North America is expected to lead the global small satellite market followed by Europe in 2021.
  • The market in Japan is expected to progress at a CAGR of around 16% through 2031.
  • In the U.K., sales are expected to increase at a CAGR of close to 13% over the next ten years.
  • Minisatellite
  • Microsatellite
  • Nanosatellite
  • Others
  • Civil
  • Commercial
  • Military
  • Others
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa (MEA)
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