Europe & CIS Small Satellite Market By Satellite Type (Nanosatellite, Microsatellite, Minisatellite, Others), By End User (Civil, Defense, Commercial), By Application (Earth Observation & Meteorology, Communication, Scientific Research & Exploration, Surveillance & Security, Mapping & Navigation), and By Country, Competition, Forecast & Opportunities, 2018-2028
Published Date: January - 2025 | Publisher: MIR | No of Pages: 280 | Industry: Aerospace and Defense | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationEurope & CIS Small Satellite Market By Satellite Type (Nanosatellite, Microsatellite, Minisatellite, Others), By End User (Civil, Defense, Commercial), By Application (Earth Observation & Meteorology, Communication, Scientific Research & Exploration, Surveillance & Security, Mapping & Navigation), and By Country, Competition, Forecast & Opportunities, 2018-2028
Europe & CIS small satellite market is expected to grow at higher CAGR during the forecast period
Europe & CIS Small Satellite Market
The Europe & CIS small satellites market offers a wide range of scope and opportunities for both established players and new entrants due to the growing demand in many sectors such as earth observation and surveillance & security.
Europe & CIS Small Satellite Market
A small satellite, miniaturized satellite, or smallsat is a satellite of low mass and size, usually under 1,200 kg
Increasing Diversity in Applications of Small Satellites
The Europe & CIS region is one of the major small satellite markets in the world. The rapid escalation of the production and launch of small satellites has revolutionized space. Small satellites usually operate in low orbits (LEO).
Increasing space sustainability and space traffic management
The major challenge in the Europe & CIS small satellite market is to maintain space traffic management, which include the growing number of satellites and space debris, limited resources for tracking and monitoring, international coordination, and the need for clear regulations and guidelines. Multiple companies are running assembly lines for high-volume small satellite production and scaling up production to support this high demand. With the increasing volume of small satellites in space activities, many companies are collaborating to manage the space traffic and space debris. Thus, the Europe & CIS small satellite market is expected to witness slower growth during the forecast period.
Developing Technology and Popularity of Small Satellites
Traditionally large satellites are manufactured to the highest quality standards, with an expectation that a large satellite launched into the Geostationary orbit (GEO) will remain operational for around 30 years. Furthermore, small satellites are launched into the lower low earth orbit (LEO), with an expectation that they will remain functional for about 3-4 years. Technology advancement, majorly in the miniaturization of electronic components and the use of thermal management adhesives in small satellite sector, has boosted the demand for small satellites in recent years. Thermal management adhesives are a critical component in the small satellite sector. With the miniaturization of electronic components and higher power output comes a substantial increase in heat generation. This heat must be managed through thermal management adhesives to avoid damaging the electronics on circuit boards. This increases the investment in research and development of small satellites making it more durable and affordable. Moreover, the rising demand for smart seating, the Europe & CIS small satellite market is expected to witness growth in the coming years.
Recent Development
- In
2023, the EPICHyPer-1, an American Astronautical Council (AAC) Clyde Space
View (Clyde) 6U satellite, was launched on a successful mission to the
European Space Agency (ESA) in Space.
- Additionally in 2023, AAC Clyde Space received an
order to install reaction wheels on a series of small satellites, which
will be subject to engineering and flight model testing as well as
qualification testing. Reaction wheels are a key component of spacecraft
attitude control, providing high point accuracy and allowing for the rotation
of spacecraft to maintain payloads in the appropriate orientation.
- EnduroSat has raised USD
10 million Series A funding round in 2023, which was led by the European
Investment Fund (CEECAT Capital) and focused on the fast-growing markets
of Central and Eastern European (CEE) space market.
- NanoAvionics, received an order from 5G Telecoms
Operator OQ Technology in 2023, which will add three additional satellites
to its existing constellation. This will make OQ Technology's existing
constellation into the world's largest 5G Network and Internet of Things
satellite operator.
Company Insights
- The European Defence
Fund (EDF) has awarded a contract to AAC Clyde Space for the development
of a satellite weighing less than 100 kg for the purpose of space
situational awareness.
- AAC Clyde Space's Starbuck
power system has received orders for Sirius computers avionics, and other
satellite components in 2023, with a total order value of SEK 20.1 million
(1.8 USD million).
- In 2023, EnduroSat
reported the successful launch of two of their satellites (Taifa-1 and
GroundBreaker).
- In 2023, NanoAvionics announced
that six of its manufactured satellites had been successfully launched by
SpaceX’s Transporter-8 mission.
Europe & CIS Small Satellite Market
The demand for small satellites is anticipated to increase as the technology advances, offering up new market opportunities for specialized service providers as well as emerging new players to establish new market area and services. In the European region, there are many chances for growth and development of the industry. Small satellites are expected to have almost same capacity such as bigger satellites in terms of applications but with less mass and size. The research in science and engineering fields have developed new materials and advanced technologies. Considering the rising demand for high-end and compact satellites with advanced features and affordable prices has the potential to grow at higher rate which results in driving the growth of the Europe & CIS small satellite market. This offers opportunity for satellite manufacturing companies to contribute their expertise and collaborate with other space manufacturers to expand their market share.
Company Profiles
Some of the major players which are leading in Europe & CIS Small Satellite Market are Thales Alenia Space, Surrey Satellite Technology Ltd., GomSpace Group AB, EnduroSat, AAC Clyde Space, Innovative Solutions in Space BV, NEXEYA, NanoAvionics, OHB Italia SpA, and G.A.U.S.S. Srl.
Market Segmentation
The Europe & CIS small satellite market is segmented into satellite type, end user, application, and country. On the basis of satellite type, the market is segmented into nanosatellite, microsatellite, minisatellite, and others. Based on end user, it is further segmented into civil, defense, and commercial. Furthermore, on the basis of application, it is segmented into earth observation & meteorology, communication, scientific research & exploration, surveillance & security, and mapping & navigation. Furthermore, the market is divided mainly into Germany, United Kingdom, France, Russia, Spain, Italy.
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historical
Years |
2018 – 2021 |
|
Estimated Year |
2023 |
|
Forecast
Period |
2024 – 2028 |
|
Quantitative Units |
Revenue in USD Million and CAGR
for 2018-2022 and 2023-2028 |
|
Report
Coverage |
Revenue forecast, company share,
competitive landscape, growth factors, and trends |
|
Segments Covered |
Aircraft Type Class Satellite Type End User Application Country |
|
Key Companies
Profiled |
Thales Alenia Space, Surrey Satellite
Technology Ltd., GomSpace Group AB, EnduroSat, AAC Clyde Space, Innovative
Solutions In Space BV, NEXEYA, NanoAvionics, OHB Italia SpA, and G.A.U.S.S.
Srl |
|
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10% free report customization
with purchase. Addition or alteration to country, regional & segment
scope. |
|
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Purchase Options |
Avail customized purchase options to meet
your exact research needs. Explore purchase options |
|
Delivery Format |
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can also provide the editable version of the report in PPT/pdf format on
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