The South America small satellite market is expected to grow from US$ 52.83 million in 2022 to US$ 101.47 million by 2028; it is estimated to grow at a CAGR of 11.5% from 2022 to 2028.
Growing IoT and Communication Applications is Fueling the South America Small Satellite Market
Internet access, machine-to-machine communication (M2M), and the Internet of Things (IoT) are among the most important applications of a small satellite. Space has become an ideal solution to improve the efficiency of current terrestrial communication networks. Also, small satellite constellations can play an important role in various environmental conditions, especially in remote or hard-to-reach places, where real-time data is received from all types of sensors and linked devices for IoT-based business models. Thus, a small satellite helps receive, store, and transmit real-time information to any point. The small satellite can also be effective for remote management. Sensors can help to control all devices, receive real-time information, and send commands for configurations remotely across the South America. Satellite communications support land-based communications in Amazon basin, Antarctica, offshore platforms, critical infrastructure like nuclear power plants, and other hard-to-reach areas. Also, small satellites guarantee communication in any circumstances in virtually uncommunicated areas such as large rural areas, desert territories, frozen areas, jungle areas, and high seas. For high internet access, several projects are being launched in various developed and developing regions where small satellites play a major role. According to Oberlo, in 2022, there are ~62.6% active internet users across the South America. The growing internet access worldwide will propel the demand for small satellites during the forecast period. Thus, the rising demand for small satellites to provide internet access, M2M communication, and IoT will create a lucrative opportunity for South America small satellite market growth in the forecasted period.South America Small Satellite Market Overview
The South America small satellite market, based on country, is bifurcated into Brazil and the Rest of South America (SAM). Over the last couple of years, the region has experienced a rise in space programs and growth in investments from public and private enterprises to drive the growth of the space industry. In February 2022, Amazon Web Services partnered with Brazilian Space Agency to support its long-term growth plans of offering satellite-based internet services across the country. The partnerships are boosting the space industry of the country, which, in turn, is expected to propel the growth of the small satellite market in Brazil.South America Small Satellite Market Segmentation
The South America small satellite market is segmented based on type, payload, application, vertical, and country.- Based on type, the South America small satellite market is bifurcated into nanosatellite (1 to 10 Kg) and microsatellite (10 to 150 Kg). The microsatellite (10 to 150 Kg) segment held a larger market share in 2022.
- Based on payload, the South America small satellite market is segmented into automatic identification system (AIS), transmitter, imaging devices, and others. The automatic identification system (AIS) segment held the largest market share in 2022.
- Based on application, the South America small satellite market is segmented into earth observation, communication and navigation, and scientific research. The earth observation segment held the largest market share in 2022.
- Based on vertical, the South America small satellite market is segmented into government, military, and commercial. The commercial segment held the largest market share in 2022.
- Based on country, the South America small satellite market is bifurcated into Brazil and the Rest of South America. Brazil dominated the market share in 2022.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM Small Satellite Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Small Satellite Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Support for Development of Small Satellite
5.1.2 Increasing Number of Partnerships and Contracts
5.2 Key Market Restraints
5.2.1 Lack of Small Satellite Manufacturers Across Emerging Region
5.3 Key Market Opportunities
5.3.1 Growing IoT and Communication Applications
5.3.2 Rising Production of Smallsats for Beyond LEO Orbit Launches
5.4 Future Trends
5.4.1 Rising Adoption of Small Satellites for Military Applications
5.5 Impact Analysis of Drivers and Restraints
6. Small Satellite Market - SAM Market Analysis
6.1 Small Satellite Market SAM Overview
6.2 SAM Small Satellite Market Forecast and Analysis
7. SAM Small Satellite Market Analysis - By Type
7.1 Overview
7.2 Small Satellite Market, By Type (2021 and 2028)
7.3 Nanosatellite (Upto 10 Kg)
7.3.1 Overview
7.3.2 Nanosatellite (Upto 10 Kg): Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Microsatellite (10-150 Kg)
7.4.1 Overview
7.4.2 Microsatellite (10-150 Kg): Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
8. SAM Small Satellite Market Analysis - By Payload
8.1 Overview
8.2 Small Satellite Market, By Payload (2021 and 2028)
8.3 Automatic Identification System (AIS)
8.3.1 Overview
8.3.2 Automatic Identification System: Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Transmitter
8.4.1 Overview
8.4.2 Transmitter: Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Imaging Devices
8.5.1 Overview
8.5.2 Imaging Devices: Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
9. SAM Small Satellite Market Analysis - By Application
9.1 Overview
9.2 Small Satellite Market Breakdown, by Application, (2021 and 2028)
9.3 Earth Observation
9.3.1 Overview
9.3.2 Earth Observation: Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Communication and Navigation
9.4.1 Overview
9.4.2 Communication and Navigation: Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Scientific Research
9.5.1 Overview
9.5.2 Scientific Research: Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
10. SAM Small Satellite Market Analysis - By Vertical
10.1 Overview
10.2 Small Satellite Market Breakdown, by Vertical, (2021 and 2028)
10.3 Government
10.3.1 Overview
10.3.2 Government: Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
10.4 Military
10.4.1 Overview
10.4.2 Military: Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
10.5 Commercial
10.5.1 Overview
10.5.2 Commercial: Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
11. SAM Small Satellite Market - by Country Analysis
11.1 SAM: Small Satellite Market
11.1.1 SAM: Small Satellite Market, by Key Country
11.1.1.1 Brazil: Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Brazil: Small Satellite Market, By Type
11.1.1.1.2 Brazil: Small Satellite Market, by Application
11.1.1.1.3 Brazil: Small Satellite Market, by Payload
11.1.1.1.4 Brazil: Small Satellite Market, by Vertical
11.1.1.2 Rest of SAM: Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Rest of SAM: Small Satellite Market, By Type
11.1.1.2.2 Rest of SAM: Small Satellite Market, by Application
11.1.1.2.3 Rest of SAM: Small Satellite Market, by Payload
11.1.1.2.4 Rest of SAM: Small Satellite Market, by Vertical
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Lockheed Martin Corp
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Northrop Grumman Corp
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Raytheon Technologies Corp
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Thales SA
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
14. Appendix
14.1 About the Publisher
14.2 Word Index
Table 1. SAM Small Satellite Market, Revenue and Forecast, 2020-2028 (US$ Million)
Table 2. Brazil: Small Satellite Market, By Type- Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Small Satellite Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: Small Satellite Market, by Payload - Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil: Small Satellite Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 6. Rest of SAM: Small Satellite Market, By Type- Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of SAM: Small Satellite Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of SAM: Small Satellite Market, by Payload - Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of SAM: Small Satellite Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 10. List of Abbreviation
Figure 1. SAM Small Satellite Market Segmentation
Figure 2. SAM Small Satellite Market Segmentation - by Country
Figure 3. SAM Small Satellite Market Overview
Figure 4. SAM Small Satellite Market, By Type
Figure 5. SAM Small Satellite Market, By Application
Figure 6. SAM Small Satellite Market, By Payload
Figure 7. SAM Small Satellite Market, By Vertical
Figure 8. SAM Small Satellite Market, By Country
Figure 9. SAM Porter’s Five Forces Analysis
Figure 10. SAM Small Satellite Market: Ecosystem Analysis
Figure 11. SAM Expert Opinion
Figure 12. SAM Small Satellite Market: Impact Analysis of Drivers and Restraints
Figure 13. SAM Small Satellite Market, Forecast and Analysis (US$ Million)
Figure 14. SAM Small Satellite Market Revenue Share, by Type (2021 and 2028)
Figure 15. Nanosatellite (Upto 10 Kg): SAM Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Microsatellite (10-150 Kg): SAM Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. SAM Small Satellite Market Revenue Share, by Payload (2021 and 2028)
Figure 18. Automatic Identification System: SAM Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Transmitter: SAM Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Imaging Devices: SAM Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: SAM Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. SAM Satellite Market Breakdown, by Application (2021 and 2028)
Figure 23. Earth Observation: SAM Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. Communication and Navigation: SAM Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. Scientific Research: SAM Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. SAM Small Satellite Market Breakdown, by Vertical (2021 and 2028)
Figure 27. Government: SAM Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Military: SAM Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Commercial: SAM Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. SAM: Small Satellite Market, by Key Country - Revenue (2021) (US$ Million)
Figure 31. SAM: Small Satellite Market Revenue Share, by Key Country (2021 & 2028)
Figure 32. Brazil: Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of SAM: Small Satellite Market - Revenue and Forecast to 2028 (US$ Million)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Lockheed Martin Corp
- Northrop Grumman Corp
- Raytheon Technologies Corp
- Thales SA
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 101 |
| Published | January 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 52.83 Million |
| Forecasted Market Value ( USD | $ 101.47 Million |
| Compound Annual Growth Rate | 11.5% |
