Plasma waves are an important target for satellite-based in situ observation to understand electromagnetic phenomena in space. Recent scientific satellites have carried fast Fourier transform (FFT)-based spectrum receivers; however, such receivers have a disadvantage because they use wideband analog parts. The new receiver overcomes the disadvantage by adding bandlimiting in the first stage of the analog part, and it covers the entire observation frequency range of each band by switching its cutoff frequency. In order to miniaturize circuit size, the new receiver comprises application-specific integrated circuits (ASICs) and a fieldprogrammable gate array (FPGA). The ASIC chip includes the analog part of the receiver and the analog-to-digital converter, and the FPGA includes an FFT module and the controller of the receiver. The proposed spectrum receiver was successfully implemented with a size of 55 mm × 80 mm × 35 mm and a total power consumption of 948.3 mW. The time resolution of the receiver was 112 ms, and the frequency resolutions for frequency bands from 10 Hz to 1 kHz, from 1 kHz to 10 kHz, and from 10 kHz to 100 kHz were 13 Hz, 130 Hz, and 1.3 kHz, respectively. Overall, the developed receiver showed sufficient performance for plasma wave observation.