Press Release

Europe Small Satellite Market to Register Robust Growth During Forecast Period

Satellite miniaturization to reduce total mission cost to drive the growth of Europe small satellite market

According to Tech Sci Research report, Europe Small Satellite Market Type, By End User, By Application, By Subsystem, By Country, Competition, Forecast & Opportunities, 2025, the Europe small satellite market is expected to witness an impressive growth during the forecast period. Small satellites can be launched on small launch vehicles that helps in total cost reduction during space missions, thereby driving the market growth. Moreover, surging demand for small satellites in various sectors like energy, agriculture, oil & gas, civil engineering among others for earth observation services is further anticipated to give healthy push to the growth of small satellite market in the region through the forecast years. Furthermore, development of small satellite requires smaller R&D team and shorter development cycles, when compared to conventional satellites, which in turn decreases the overall manufacturing and launching cost. However, the factors that can act as major impediments to the market growth in the next five years are delay & failure in launches and absence of dedicated launchers for small vehicles.

Browse  market data Tables and  Figures spread through  Pages and an in-depth TOC on " Europe Small Satellite Market"

The Europe small satellite market is segmented based on type, end user, application, subsystem, country and company. In terms of application, the Europe small satellite market is fragmented into earth observation & meteorology, communication, scientific research & exploration, surveillance & security, mapping & navigation. Among them, the earth observation & meteorology segment of the small satellite market is projected to grow at highest CAGR until 2025. The reason for the growth of the segment is the ability of earth observation & meteorology missions to generate high-quality complex images with the help of programs to develop and examine advanced hyper-spectral imaging systems compatible with satellites.

Sierra Nevada Corporation, Singapore Technologies Engineering Limited, Surrey Satellite Technology LTD., Planet Labs Inc., Airbus Defense and Space, Northrop Grumman Corporation, Space Exploration Technologies Corp., Millennium Space Systems Inc., Lockheed Martin Corporation, Harris Corporation etc. are some of the leading players operating in Europe small satellite market.

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“The Europe small satellite market is expected to grow at a rapid pace through 2025 owing to its widespread applications in the defense sector which include tactical communication, medium resolution imagery and geospace & atmospheric research. Also, huge investments by venture companies coupled with the increasing demand for low-cost miniaturized satellites are further anticipated to augment the market growth until 2025,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Europe Small Satellite Market Type, By End User, By Application, By Subsystem, By Country, Competition, Forecast & Opportunities, 2025 has evaluated the future growth potential of Europe small satellite market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Europe small satellite market.


Mr. Ken Mathews

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