Small Satellite Services Market Report 2026

The small satellite services market size has grown exponentially in recent years. It will grow from $75.59 billion in 2025 to $96.15 billion in 2026 at a compound annual growth rate (CAGR) of 27.2%. The growth in the historic period can be attributed to rising interest in small satellite missions, growth of space commercialization, increasing need for low cost launches, expanding government space initiatives, rising communication service demand.

The small satellite services market size is expected to see exponential growth in the next few years. It will grow to $245.87 billion in 2030 at a compound annual growth rate (CAGR) of 26.5%. The growth in the forecast period can be attributed to increasing satellite constellation projects, rising commercial space investments, expanding surveillance and remote sensing demand, growing navigation and data needs, rising private sector participation. Major trends in the forecast period include increasing deployment of small satellite constellations, growing demand for low cost space mission services, rising adoption of remote sensing and monitoring solutions, expanding use of small satellites for communication and data services, increasing preference for flexible and rapid space deployment.

The increasing level of investment by venture capital firms in the small satellite services market is expected to support market growth going forward. Many venture companies are directing significant funding toward small satellite services to enable the development of advanced and efficient solutions. These investments span areas such as communication services, launch services, integration and testing, satellite logistics, and related support activities. For instance, in May 2024, according to Primo Ventures, an Italy-based venture capital and private equity firm, Revolv Space, a space technology startup operating in Italy and the Netherlands, secured €2.6 million in funding to advance small satellite capabilities through the development of innovative mechanisms and power systems. Therefore, strong venture capital investment in small satellite services is driving the growth of the small satellite services market.

Companies operating in the small satellite services market are increasingly focusing on technological advancements, including improved heat measurement technologies to better understand Earth’s energy balance and enhance climate prediction capabilities. Heat measurement, or thermal management, in satellite systems involves monitoring and controlling component temperatures to maintain optimal performance and avoid overheating. For example, in May 2024, the National Aeronautics and Space Administration (NASA), a US-based government agency responsible for the civilian space program, launched the Small Climate Satellite to Study Earth’s Poles mission. Known as PREFIRE, the mission uses two CubeSats to measure far-infrared heat emissions from Earth’s polar regions. The data collected will improve climate models and support predictions related to sea ice behavior, weather patterns, and sea-level changes, while also helping industries such as agriculture and fishing adapt to climate impacts. The CubeSats are expected to operate for approximately 10 months following successful communication deployment.

In September 2024, Redwire Corporation, a US-based aerospace manufacturer and space infrastructure technology provider, acquired Hera Systems, Inc. for an undisclosed amount. This acquisition was aimed at strengthening Redwire’s position in the expanding space economy and enhancing its ability to deliver comprehensive space solutions. The move aligns with the company’s strategy to broaden its technology portfolio and offer innovative, integrated space-based services. Hera Systems, Inc. is a US-based company specializing in advanced satellite technologies and services.

Major companies operating in the small satellite services market report are Eutelsat S.A., EchoStar Corporation, Airbus SE, Blue Canyon Technologies, GomSpace A/S, L3Harris Technologies Inc., The Lockheed Martin Corporation, Northrop Grumman Corporation, Sierra Nevada Corporation, Thales Alenia Space, Surrey Satellite Technology Ltd., Space Exploration Technologies Corp., Millennium Space Systems Inc., Adcole Maryland Aerospace LLC, Planet Labs Inc., Spire Global Inc., Globalstar Inc., Inmarsat, Iridium Communications Inc., Viasat Inc., NanoRacks LLC, Tyvak Nano-Satellite Systems Inc., AAC Clyde Space, Axelspace Corporation, D-Orbit, Kepler Communications Inc., Satellogic, Sky and Space Global Ltd., Terran Orbital Corporation.

North America was the largest region in the small satellite services market share in 2025. The regions covered in the small satellite services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the small satellite services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The small satellite services market includes revenues earned by entities by providing mission management, launching services, integration services, environmental testing, and in-space logistics services to fit mission needs. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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