North America Small Satellite Market Current Status by 2028 Top Players


The North America small satellite market is expected to grow from US$ 1,325.42 million in 2022 to US$ 4,976.36 million by 2028; it is estimated to grow at a CAGR of 24.7% from 2022 to 2028.

Rising Support for Small Satellite Development

In North America, both government entities and private companies are increasingly investing in the small satellite market, driven by growing demand across diverse applications such as Earth observation, communications, navigation, and scientific research. For example, in November 2021, Fleet Space Technologies secured US$26 million in funding to enhance its nanosatellite IoT connectivity network. Such initiatives reflect the strong governmental and private sector backing that is fueling the North America small satellite market growth.

Small satellites play a critical role in national security, disaster response (e.g., monitoring earthquake or flood-affected regions), maritime surveillance, and support for communication, navigation, and research missions. Several governments are actively supporting rapid development and localized production of small satellites, especially for Earth observation projects. These ongoing initiatives are a key driver behind the increasing adoption and expansion of the North America small satellite market.

North America small satellite market Overview

The North American small satellite market is segmented by country into the US, Canada, and Mexico. Demand for small satellites is steadily rising across the region due to their expanding role in applications such as Earth and space observation, IoT and communications, environmental monitoring, asset tracking, and defense and national space programs.

Fleet management companies in particular are utilizing small satellites for real-time vehicle tracking, which helps reduce theft, minimize downtime, and ensure rapid response to mechanical failures. In the US, small satellites are being launched for communication services and island monitoring, among other uses. These applications are key contributors to the market’s growth in the region.

Strategic Insights into the North American Small Satellite Market

Strategic insights into the North America small satellite market provide valuable, data-driven analysis of the industry, highlighting prevailing trends, major players, and region-specific dynamics. These insights help stakeholders—investors, manufacturers, and decision-makers—identify market opportunities, develop differentiated value propositions, and stay ahead of emerging shifts.

By leveraging analytics, stakeholders can make well-informed decisions, identify untapped segments, and plan effectively for the future. These insights are essential for navigating a rapidly evolving industry, ensuring competitive advantage, profitability, and sustainable success in the market.

Regional Insights: North American Market Focus

Regional insights explore the geographic nuances of the North America small satellite market. Understanding local factors—such as consumer preferences, economic conditions, and regulatory requirements—is vital for tailoring strategies to specific areas.

Companies can unlock growth by identifying underserved markets or customizing offerings to align with regional needs. A well-defined geographic focus enables businesses to allocate resources efficiently, implement targeted marketing strategies, and outperform regional competitors. Ultimately, such an approach supports stronger market penetration and sustained business growth across North America.

Segments Covered

North America small satellite market By Type

  • Nanosatellite
  • Microsatellite

North America small satellite market By Payload

  • Automatic Identification System
  • Transmitter
  • Imaging Devices

North America small satellite market By Application

  • Earth Observation
  • Communication and Navigation
  • Scientific Research

North America small satellite market By Vertical

  • Government
  • Military
  • Commercial

North America small satellite market Regions and Countries Covered

North America

  • US
  • Canada
  • Mexico

North America small satellite market leaders and key company profiles

  • GomSpace Group AB
  • Lockheed Martin Corp
  • Northrop Grumman Corp
  • Raytheon Technologies Corp
  • Sierra Nevada Corp
  • Swarm Technology Inc
  • Thales SA

Other Reports:

North America Gummy Supplements Market: https://business-news-insights.blogspot.com/2025/05/north-america-gummy-supplements-market.html 

North America Radiation-Hardened Electronics Market: https://sites.google.com/view/radiation-hardenedelectronics/home 

North America mHealth Market: https://penzu.com/p/db6f54f77a57a934 

North America Synthetic Biology Market: https://github.com/SuryakantGadekar/Business-Market-Insights/issues/24 

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights

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