Developing technology and material systems and increasing use of small satellites in different sectors will drive the growth of the Europe & CIS small satellite market during the forecast period.
According to TechSci Research report, “Europe & CIS Small Satellite Market - By Region, Competition, Forecast & Opportunities, 2018-2028F”, the Europe & CIS small satellites market is growing at a significant rate. As the demand for Earth observation, surveillance, security, and other sectors continues to grow, the scope and opportunity for both established players and new entrants to enter the market is expanding. Small satellites, also known as miniaturized satellites or smallsat, are typically satellites with lower weight (less than 1,200 kilograms) and size. The most common applications of these satellites are fleet management, logistics ship tracking, aircraft tracking, communication in-orbit demonstration, disaster management, and others. Furthermore, as technology progresses, the Europe & CIS small satellite market is anticipated to expand further. Additionally, electronic technology continues to miniaturize to increase in capability and accessibility, nanosatellites are becoming increasingly capable of carrying out commercial missions that were previously dependent on micro-satellites. Overall, this increases the popularity of small satellites among many organizations, which will further boost the demand for Europe & CIS small satellites during the forecast period.
Europe & CIS region is one of the world’s largest small satellite markets. The rapid growth of small satellite production and launch has changed the way space is used. Large satellites typically operate in GEO orbits for long periods of time, while small satellites typically operate in LEO orbits for shorter periods of time. Furthermore, the development of lighter and more powerful material systems has significantly increased the use of small satellites over the last few years.
The development of technology, especially in the area of electronic components miniaturization, and the utilization of thermal management in the small satellite industry has increased the demand for small satellites over the past few years. To prevent damage to the electronics on the circuit boards caused by the significant increase in heat generated in small satellites, many organizations are investing in R&D to develop safe and long-lasting small satellites. This has led to the rapid growth of the Europe & CIS small satellite market.
Many companies are investing in small satellite R&D and working with other space firms to deploy small satellites in orbit periodically. In 2023, the European Space Agency’s (ESA) European Positioning and Tracking (EPICYPer-1) 6U (EPICYPER-1) small satellite, a segment of the ESA’s constellation, was successfully launched on a mission to the International Space Station. Additionally, in 2023, EnduroSat secures series A funding accounting for USD 10 million, led by CEECAT Capital (European Investment Fund), with a focus on the rapidly expanding markets of the CEE space market. From the above factors, the Europe & CIS small satellite market is expected to grow at a higher rate in coming years.
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The Europe & CIS small satellite market can be segmented based on by satellite type, by end user, by application, and by country. On the basis of satellite type, the market is segmented into nanosatellite, microsatellite, minisatellite, and others. The nanosatellite segment is growing at higher CAGR, and it is expected grow at similar CAGR in coming years. Based on the end user, it is further segmented into civil, defense, and commercial. The commercial segment is becoming increasingly popular for the Europe & CIS small satellite market. Furthermore, on the basis of application, it is segmented into earth observation & meteorology, communication, scientific research & exploration, surveillance & security, and mapping & navigation. The market is also divided into country wise mainly into Germany, United Kingdom, France, Russia, Spain, Italy, and the Rest of Europe & CIS.
Key market players in the Europe & CIS small satellite market include:
- Thales Alenia Space
- Surrey Satellite Technology Ltd.
- GomSpace Group AB
- EnduroSat
- AAC Clyde Space
- Innovative Solutions In Space BV
- NEXEYA
- NanoAvionics
- OHB Italia SpA
- G.A.U.S.S. Srl
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“The use of small satellites is on the rise in many industries across Europe and CIS. Small satellites are also becoming increasingly popular for the deployment of small payloads such as compact radio receivers and optical cameras. The nanosatellite segment in Europe and CIS is growing at a rapid pace. In addition, the commercial segment is expected to grow significantly during the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Europe & CIS Small Satellite Market Segmented 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 (Germany, United Kingdom, France, Russia, Spain, Italy), Competition, Forecast & Opportunities, 2018- 2028F” has evaluated the future growth potential of the Europe & CIS 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 the Europe & CIS small satellite market.
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