유럽의 소형 위성 시장 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the europe small satellite market size is projected to expand from USD 0.62 billion in 2025 and USD 0.70 billion in 2026 to USD 1.90 billion by 2031, registering a 22.21% CAGR between 2026 and 2031.

This report is Segmented by Application (Communication, Earth Observation, Navigation, Space Observation, and Others), Orbit (LEO, MEO, and GEO), End-User (Commercial, Government and Civil, and Military), Satellite Mass (Femtosatellites, Picosatellites, Nanosatellites, and More), and Geography (United Kingdom, France, Germany, and More). The Market Forecasts are Provided in Terms of Value (USD).

Europe Small Satellite Market Trends and Insights

Surge in European Earth-observation Constellation Programs

Government-backed Earth observation constellations have become the clearest structural demand driver in the Europe small satellite market. Italy's IRIDE program covers 68 satellites across 6 constellations, and 16 Eaglet II satellites were already in orbit by March 2026, with full deployment targeted by 2027. Greece also committed EUR 130 million (USD 151.33 million) to its National Small Satellite Program, which will fund 13 satellites focused on wildfire detection, maritime awareness, and agricultural monitoring. These programs do more than create orders; they shorten technology qualification cycles for later commercial missions and lower perceived execution risk for operators entering the Europe small satellite market. European Space Agency's (ESA's) FutureEO Scout line now includes HydroGNSS and newly approved Hibidis and SOVA-S missions, demonstrating that compact, lower-cost platforms are becoming a standard scientific option rather than a fallback.

Growing Venture-capital Inflows into Europe NewSpace Start-ups

Private capital inflows strengthened again in 2025, providing the Europe small satellite market with a broader financing base. European space ventures attracted EUR 1.4 billion (USD 1.62 billion) in private investment in 2025, while venture capital rose 13% year over year to EUR 1.2 billion (USD 1.39 billion) according to ESPI's Space Venture 2025 report. Germany led that funding map, followed by Finland, France, Bulgaria, and the UK, which confirms that capital formation is spreading beyond a single national cluster. At the same time, security- and defense-oriented companies accounted for 30% of total European space investment in both 2024 and 2025, indicating that commercial and defense funding channels are increasingly converging. The funding picture remains uneven because the 5 largest rounds in 2025 accounted for EUR 629 million (USD 732.20 million), keeping smaller platform developers and data firms under pressure and raising the likelihood of consolidation across the second tier.

Limited Availability and Rising Costs of Dedicated Micro-launch Vehicles

The most immediate structural constraint on the Europe small satellite market is the absence of an operational indigenous micro-launch option. No European micro-launcher had achieved commercial orbital delivery by early 2026, while Isar Aerospace's Spectrum vehicle was targeting orbital qualification in May 2026, and Orbex ceased operations in February 2026. ESA responded in July 2025 by preselecting 5 companies for the European Launcher Challenge, with each eligible for contracts of up to EUR 169 million (USD 196.73 million). Until local cadence improves, operators still face scheduling dependency on US rideshares, currency exposure, and limited insurer confidence because flight heritage remains thin for new European launch systems. CNES's ELM-Diamant complex at the Guiana Space Centre improves the physical launch base from 2026 onward, but infrastructure alone does not solve cadence in the near term.

Other drivers and restraints analyzed in the detailed report include:

1. Europe Defence Fund Backing Small-satellite ISR Assets
2. Europe Green Deal Climate-monitoring Targets Boosting Demand
3. Satellite insurance premiums rising for less than 50 kg class

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Earth observation accounted for 38.32% of the Europe small satellite market in 2025, supported by the long procurement cycle for Copernicus-linked missions, the IRIDE deployment, and national sensing mandates. That position reflects more than current demand because many European governments now treat observation satellites as core public infrastructure rather than optional program assets. Greece's National Small Satellite Program clearly shows that shift, with 13 satellites planned for thermal, optical, and radar monitoring under an ESA-managed framework. Airbus also strengthened the high-resolution end of this segment in January 2026, when it announced the Pleiades Neo Next program, with the first launch planned for early 2028 and 20 cm-class native-resolution imagery.

Communication is the fastest-growing application, and the Europe small satellite market size for this segment is projected to expand at a 23.17% CAGR through 2031. IRIS2 remains the main anchor because its 272 LEO satellites provide the communication layer with a very large institutional backlog. At the same time, GOVSATCOM has already moved into operations and demonstrates a practical, secure connectivity use case across member states, where dual-use capability becomes more visible because the same node can support encrypted communications, maritime awareness, IoT backhaul, or sensor relay depending on the mission stack. Navigation and space observation remain smaller in absolute terms, but ESA's Celeste constellation shows that LEO-based positioning validation is gaining policy importance within the European small satellite industry. The others category, which includes technology demonstrations and IoT missions, remains fragmented at the company level but is still building a meaningful pool of demand as device-to-satellite rules and service models mature.

Low Earth Orbit (LEO) held a 75.15% share in 2025 and remains the clear operational center of the Europe small satellite market because it meets the revisit, latency, and launch-cost needs of Earth observation, IoT, and secure communications. Italy's IRIDE program shows how deeply this orbit is now embedded in public procurement, with 16 Eaglet II satellites already in orbit by March 2026 and a path to 68 satellites across 6 constellations. The same density that makes LEO commercially attractive is also raising its operating burden, since conjunction avoidance and debris exposure are now affecting lifetime assumptions and insurance pricing. GEO still matters for legacy broadcast and fixed broadband services, but it is not where incremental growth is occurring in the European small-satellite class.

Medium Earth Orbit (MEO) is the fastest-growing orbit, and the Europe small satellite market size for this layer is projected to rise at a 23.81% CAGR through 2031. The main demand logic comes from IRIS2's hybrid architecture with 18 MEO satellites, continued Galileo second-generation development, and ESA's Celeste demonstration work on hybrid signal delivery. Coordination procedures for non-GSO systems also matter here because regulatory lead times of 2 to 5 years increasingly favor operators that filed early and can move faster through spectrum coordination. Europe is also testing lower operating bands through the European Defence Agency's LEO2VLEO effort and the VLEO-DEF contract signed in March 2026, which may add a commercially relevant orbit class within the forecast window. Even so, LEO and MEO together remain the main growth path for the Europe small satellite market through 2031.

List of Companies Covered in this Report:

1. Airbus SE
2. Innovative Solutions In Space B.V.
3. ICEYE Oy
4. AAC Clyde Space AB
5. OHB SE
6. Surrey Satellite Technology Ltd.
7. Thales Alenia Space
8. EnduroSat AD
9. SatRev S.A.
10. Planet Labs PBC
11. HEMERIA
12. GomSpace A/S
13. UAB Kongsberg NanoAvionics (Kongsberg Gruppen ASA)
14. Exotrail
15. Berlin Space Technologies GmbH

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Europe Defence Fund backing small-satellite ISR assets
  • 4.2.2 Surge in European Earth-observation constellation programs
  • 4.2.3 Europe Green Deal climate-monitoring targets boosting demand
  • 4.2.4 Growing venture-capital inflows into Europe NewSpace start-ups
  • 4.2.5 Institutional demand for in-orbit servicing and debris removal
  • 4.2.6 Tightened launch-window availability spurring rideshare-optimization tools
• 4.3 Market Restraints
  • 4.3.1 Limited availability and rising costs of dedicated micro-launch vehicles
  • 4.3.2 Spectrum-allocation bottlenecks at ITU and CEPT
  • 4.3.3 Satellite insurance premiums rising for less than 50 kg class
  • 4.3.4 Export-control regime divergence within Europe
• 4.4 Value Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Porter's Five Forces Analysis
  • 4.7.1 Bargaining Power of Suppliers
  • 4.7.2 Bargaining Power of Buyers/Consumers
  • 4.7.3 Threat of New Entrants
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Intensity of Competitive Rivalry

5 MARKET SIZE AND GROWTH FORECASTS (VALUE)

• 5.1 By Application
  • 5.1.1 Communication
  • 5.1.2 Earth Observation
  • 5.1.3 Navigation
  • 5.1.4 Space Observation
  • 5.1.5 Others
• 5.2 By Orbit
  • 5.2.1 Low Earth Orbit (LEO)
  • 5.2.2 Medium Earth Orbit (MEO)
  • 5.2.3 Geostationary Orbit (GEO)
• 5.3 By End-User
  • 5.3.1 Commercial
  • 5.3.2 Government and Civil
  • 5.3.3 Military
• 5.4 By Satellite Mass
  • 5.4.1 Femtosatellites
  • 5.4.2 Picosatellites
  • 5.4.3 Nanosatellites
  • 5.4.4 Microsatellites
  • 5.4.5 Minisatellites
• 5.5 By Geography
  • 5.5.1 United Kingdom
  • 5.5.2 France
  • 5.5.3 Germany
  • 5.5.4 Russia
  • 5.5.5 Rest of Europe

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials, Strategic Information, Market Rank/Share, Products and Services, and Recent Developments)
  • 6.4.1 Airbus SE
  • 6.4.2 Innovative Solutions In Space B.V.
  • 6.4.3 ICEYE Oy
  • 6.4.4 AAC Clyde Space AB
  • 6.4.5 OHB SE
  • 6.4.6 Surrey Satellite Technology Ltd.
  • 6.4.7 Thales Alenia Space
  • 6.4.8 EnduroSat AD
  • 6.4.9 SatRev S.A.
  • 6.4.10 Planet Labs PBC
  • 6.4.11 HEMERIA
  • 6.4.12 GomSpace A/S
  • 6.4.13 UAB Kongsberg NanoAvionics (Kongsberg Gruppen ASA)
  • 6.4.14 Exotrail
  • 6.4.15 Berlin Space Technologies GmbH

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-space and Unmet-need Assessment