How big is the Mid-size Satellites Market?

The Mid-size Satellites Market size is expected to reach USD 7.67 billion in 2024 and grow at a CAGR of 13.49% to reach USD 14.44 billion by 2029. Read More

What is the current Mid-size Satellites Market size?

In 2024, the Mid-size Satellites Market size is expected to reach USD 7.67 billion. Read More

Who are the key players in Mid-size Satellites Market?

Airbus SE, China Aerospace Science and Technology Corporation (CASC), Northrop Grumman Corporation, OHB SE and Thales are the major companies operating in the Mid-size Satellites Market. Read More

Which segment has the biggest share in the Mid-size Satellites Market?

In the Mid-size Satellites Market, the LEO segment accounts for the largest share by orbit class. Read More

Which region has the biggest share in the Mid-size Satellites Market?

In 2024, Asia-Pacific accounts for the largest share by region in the Mid-size Satellites Market. Read More

What years does this Mid-size Satellites Market cover, and what was the market size in 2023?

In 2023, the Mid-size Satellites Market size was estimated at USD 6.62 billion. The report covers the Mid-size Satellites Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mid-size Satellites Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Mid-size Satellites Market Trends

Statistics for the 2023 & 2024 Mid-size Satellites market trends, created by Mordor Intelligence™ Industry Reports. Mid-size Satellites trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Market Trends of mid-size satellites Industry

Growing demand for Earth observation, imaging, and connectivity services is expected to surge the research and development expenditure in the mid size satellites category

Over recent years, there has been a significant increase in the number of mid-size satellite missions launched and in development globally. This is largely due to advances in technology that have made it more affordable and accessible to build and launch these types of satellites. As a result, R&D expenditure in this area has been growing steadily. European countries are recognizing the importance of various investments in the space domain and are increasing their spending in areas such as Earth observation, satellite navigation, connectivity, space research, and innovation to stay competitive and innovative in the global space industry.
In November 2022, ESA announced that it had proposed a 25% boost in space funding over the next three years designed to maintain Europe's lead in Earth observation, expand navigation services, and remain a partner in exploration with the United States. The European Space Agency (ESA) is requesting its 22 nations to back a budget of EUR 18.5 billion for 2023-2025. Likewise, in September 2022, France announced that it was expecting to increase spending on national and European space programs as the European Space Agency works to secure commitments for its own significant budget increase. The government announced that it planned to allocate more than USD 9 billion to space activities, an increase of about 25% over the past three years.
During 2017-2022, around 320+ satellites were manufactured and launched globally. Overall, the mid-sized satellite market is expected to continue to grow, driven by the growing demand for Earth observation, imaging, and connectivity services.