Europe small satellite market size is projected to exhibit a growth rate (CAGR) of 11.10% during 2024-2032. The ongoing advancements in miniaturization of electronics and other technologies, which enable the creation of smaller, yet powerful, satellite systems, are primarily driving the market growth across the country.
Report Attribute
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Key Statistics
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Base Year
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2023 |
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Growth Rate (2024-2032) | 11.10% |
Small satellites, commonly referred to as smallsats, are compact, lightweight spacecraft designed for various purposes, including Earth observation, communication, scientific research, and technology demonstration. These satellites typically weigh less than 500 kilograms (1,100 pounds) and come in different form factors, such as CubeSats or nanosatellites. Their diminutive size offers cost-effective solutions for space missions, enabling quicker development and deployment compared to larger counterparts. Small satellites often leverage commercial off-the-shelf components and benefit from advancements in miniaturized technology. Despite their size, these satellites contribute significantly to space exploration, providing wide coverage and fostering innovation in the space industry. With growing interest and investment, small satellites play a pivotal role in advancing space capabilities and democratizing access to outer space for a diverse range of applications.
The small satellite market in Europe has witnessed substantial growth in recent years, driven by several key factors. Firstly, advancements in miniaturized technology have significantly reduced the size and weight of satellite components, enabling the development of smaller, cost-effective satellites. Additionally, the increasing demand for Earth observation data for various applications, such as agriculture, environmental monitoring, and disaster management, has propelled the adoption of small satellites. Moreover, the emergence of new entrants in the space industry, including private companies and startups, has spurred innovation and competition in the small satellite market. These entities are leveraging agile development processes and novel business models to bring about a paradigm shift in satellite manufacturing and deployment. Furthermore, the rise of mega-constellations for regional communication and broadband services has bolstered the demand for small satellites. Companies aiming to establish satellite constellations are opting for smaller satellite units to achieve scalability and cost-effectiveness. This trend is further supported by ongoing advancements in launch vehicle technologies, facilitating the simultaneous deployment of multiple small satellites. In conclusion, the small satellite market in Europe is being driven by a confluence of technological, economic, and market dynamics, making it a pivotal force in the rapidly evolving space industry.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and country levels for 2024-2032. Our report has categorized the market based on component, type, frequency, application, and end user.
Component Insights:
The report has provided a detailed breakup and analysis of the market based on the component. This includes payloads and structures, electric power system, solar panels and antenna system, propulsion system, and others.
Type Insights:
A detailed breakup and analysis of the market based on the type have also been provided in the report. This includes mini satellite, micro satellite, nano satellite, and others.
Frequency Insights:
The report has provided a detailed breakup and analysis of the market based on the frequency. This includes L-band, S-band, C-band, X-band, Ku-band, Ka-band, Q/V-band, HF/VHF/UHF-band, and others.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes communication, earth observation and remote sensing, science and exploration, mapping and navigation, space observation, and others.
End User Insights:
The report has provided a detailed breakup and analysis of the market based on the end user. This includes commercial, academic, government and military, and others.
Country Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Germany, United Kingdom, France, Italy, Russia, Spain, Netherlands, Switzerland, Poland, and Others.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Million |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Components Covered | Payloads and Structures, Electric Power System, Solar Panels and Antenna System, Propulsion System, Others |
Types Covered | Mini Satellite, Micro Satellite, Nano Satellite, Others |
Frequencies Covered | L-Band, S-Band, C-Band, X-Band, Ku-Band, Ka-Band, Q/V-Band, HF/VHF/UHF-Band, Others |
Applications Covered | Communication, Earth Observation and Remote Sensing, Science and Exploration, Mapping and Navigation, Space Observation, Others |
End Users Covered | Commercial, Academic, Government and Military, Others |
Countries Covered | Germany, United Kingdom, France, Italy, Russia, Spain, Netherlands, Switzerland, Poland, Others |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate User License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |