Market Overview:
The global nanosatellite market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for nanosatellites for various applications, such as communications, positioning, earth observation, and others. In addition, the growing demand for small satellites across different regions is also contributing to the growth of this market. Based on type, the global nanosatellite market can be segmented into communications satellite, positioning satellite, and others. The communications satellite segment is expected to hold a major share of this market during the forecast period. This can be attributed to the increasing demand for these satellites for various communication applications such as broadband internet access and cellular backhauling. Based on application, the global nanosatellite market can be divided into IT & telecommunication; agriculture; mining; oil & gas; government; and other applications.
Product Definition:
A nanosatellite is an artificial satellite with a mass below 500 kg. Nanosatellites are used for a variety of purposes, including Earth observation, scientific research, communication, and navigation.
Communications Satellite:
Communications satellite is a device used to transmit signals from one point to another. It’s an artificial satellite that delivers information from one location to the other using radio waves. Communications satellites are widely used for military, commercial and civil applications such as television broadcast, internet service, phone service, etc.
Positioning Satellite:
A positioning satellite is a type of satellite that provides information about the location of the receiver on earth. It does this by measuring signals received from known transmitters and determining the position of the receiver using triangulation. The positioning satellites are used in mobile devices such as smartphones to provide accurate information regarding location, nearby restaurants and stores, etc.
Application Insights:
The application segment is segregated into IT & telecommunication, agriculture, mining, oil & gas and government. The IT & telecommunication segment accounted for the largest market share in 2017 and is anticipated to maintain its dominance over the forecast period. This can be attributed to growing demand from data-intensive applications such as communication satellites that provide high-speed internet access across the globe.
The positioning satellite segment is expected to witness significant growth over the forecast period owing to its wide application in industries such as automotive, construction and logistics among others. Positioning satellites use Global Navigation Satellite Systems (GNSS) for accurate location information which enables users with real-time tracking information of a shipment or a vehicle¢â‚¬â„¢s position on Earth's surface thus boosting industry growth during future years nanosatellite launch campaigns.
Regional Analysis:
North America dominated the global nanosatellite market in terms of revenue share in 2016. The region is expected to continue its dominance over the forecast period owing to increasing space activities and growing IT industry. Moreover, a well-established launch vehicle industry and an increasing number of small satellites are also contributing towards regional growth.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to several initiatives undertaken by governments for developing space technology in their respective countries. For instance, China has launched several programs such as Chang'e series missions (Yuan/Shenzhou) with human crew onboard, robotic missions such as Chang'e orbiter and lander missions on the lunar surface etc., which have contributed significantly toward gaining experience for future deep-space exploration activities thus far.
Growth Factors:
- Increased demand for data and communication services: The growth in Nanosatellite market is mainly attributed to the increased demand for data and communication services. With the increase in number of satellites, there is an increase in the need for ground infrastructure, which would include tracking stations, telemetry receivers, and command centers. This would help meet the growing needs of various end users such as government agencies, commercial enterprises, academic institutions etc.
- Proliferation of small satellites: The development of small satellites has led to a reduction in their cost and an increase in their performance. This has resulted in an increased interest from various end users such as government agencies and commercial enterprises who are looking to use these satellites for a variety of applications such as earth observation, communications etc.
- Technological advancements: There has been a significant advancement in technology over the past few years that has helped reduce the size and weight of Nanosatellites while enhancing their performance levels. This is attracting more players into this market space resulting in increased competition which is ultimately benefiting end users through reduced costs and better products/services offerings . Some key technological advancements that have taken place include miniaturization of components (such as sensors), development of advanced algorithms & software tools etc..
Scope Of The Report
Report Attributes
Report Details
Report Title
Nanosatellite Market Research Report
By Type
Communications Satellite, Positioning Satellite, Others
By Application
IT & Telecommunication, Agriculture, Mining, Oil & Gas, Government
By Companies
Israel Aerospace Industries Ltd, Lockheed Martin, NanoAvionika, Northrop Grumman Corporation, OHB SE, Orbital ATK, Planet Labs, Ball Corporation, Clyde Space Ltd, Deep Space Industries, Israel Aerospace Industries Ltd, Interorbital Systems, QinetiQ Group PLC, Terra Bella, The Boeing Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Nanosatellite Market Report Segments:
The global Nanosatellite market is segmented on the basis of:
Types
Communications Satellite, Positioning Satellite, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
IT & Telecommunication, Agriculture, Mining, Oil & Gas, Government
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Israel Aerospace Industries Ltd
- Lockheed Martin
- NanoAvionika
- Northrop Grumman Corporation
- OHB SE
- Orbital ATK
- Planet Labs
- Ball Corporation
- Clyde Space Ltd
- Deep Space Industries
- Israel Aerospace Industries Ltd
- Interorbital Systems
- QinetiQ Group PLC
- Terra Bella
- The Boeing Company
Highlights of The Nanosatellite Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Communications Satellite
- Positioning Satellite
- Others
- By Application:
- IT & Telecommunication
- Agriculture
- Mining
- Oil & Gas
- Government
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Nanosatellite Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A nanosatellite is a spacecraft that is smaller than a microsatellite, but larger than a CubeSat.
Some of the key players operating in the nanosatellite market are Israel Aerospace Industries Ltd, Lockheed Martin, NanoAvionika, Northrop Grumman Corporation, OHB SE, Orbital ATK, Planet Labs, Ball Corporation, Clyde Space Ltd, Deep Space Industries, Israel Aerospace Industries Ltd, Interorbital Systems, QinetiQ Group PLC, Terra Bella, The Boeing Company.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nanosatellite Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Nanosatellite Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nanosatellite Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Nanosatellite Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Nanosatellite Market Size & Forecast, 2020-2028
4.5.1 Nanosatellite Market Size and Y-o-Y Growth
4.5.2 Nanosatellite Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Communications Satellite
5.2.2 Positioning Satellite
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 IT & Telecommunication
6.2.2 Agriculture
6.2.3 Mining
6.2.4 Oil & Gas
6.2.5 Government
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nanosatellite Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Nanosatellite Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Communications Satellite
9.6.2 Positioning Satellite
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 IT & Telecommunication
9.10.2 Agriculture
9.10.3 Mining
9.10.4 Oil & Gas
9.10.5 Government
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Communications Satellite
10.6.2 Positioning Satellite
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 IT & Telecommunication
10.10.2 Agriculture
10.10.3 Mining
10.10.4 Oil & Gas
10.10.5 Government
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Communications Satellite
11.6.2 Positioning Satellite
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 IT & Telecommunication
11.10.2 Agriculture
11.10.3 Mining
11.10.4 Oil & Gas
11.10.5 Government
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Communications Satellite
12.6.2 Positioning Satellite
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 IT & Telecommunication
12.10.2 Agriculture
12.10.3 Mining
12.10.4 Oil & Gas
12.10.5 Government
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Communications Satellite
13.6.2 Positioning Satellite
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 IT & Telecommunication
13.10.2 Agriculture
13.10.3 Mining
13.10.4 Oil & Gas
13.10.5 Government
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Nanosatellite Market: Competitive Dashboard
14.2 Global Nanosatellite Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Israel Aerospace Industries Ltd
14.3.2 Lockheed Martin
14.3.3 NanoAvionika
14.3.4 Northrop Grumman Corporation
14.3.5 OHB SE
14.3.6 Orbital ATK
14.3.7 Planet Labs
14.3.8 Ball Corporation
14.3.9 Clyde Space Ltd
14.3.10 Deep Space Industries
14.3.11 Israel Aerospace Industries Ltd
14.3.12 Interorbital Systems
14.3.13 QinetiQ Group PLC
14.3.14 Terra Bella
14.3.15 The Boeing Company
