Market Overview:
The global nano and microsatellite market is expected to grow at a CAGR of 16.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for miniaturized satellites for various applications such as national security, science & environment, commercial, and other applications. Additionally, the growing investment in space exploration by countries across the globe is also propelling the growth of this market. However, stringent regulatory norms and high cost of development are some of the factors restraining the growth of this market. On basis on type, microsatellites accounted for a larger share in 2017 and is expected to maintain its dominance during forecast period 2018-2030 owing to their low cost and easy deployment options as compared to nanosatellites. On basis on application, national security held majority share in 2017 followed by science & environment due rising demand for earth observation data from government agencies across world for strategic purposes such as defense planning & monitoring infrastructure etcetera .
Product Definition:
Nano and microsatellites are small satellites, typically weighing less than 100 kg (220 lb). Nano satellites are those under 10 kg (22 lb), while microsatellites weigh between 10 and 100 kg. They are used for a variety of purposes, including Earth observation, communications, navigation, scientific research and technology development.
Microsatellite:
Microsatellite is a small satellite that is launched into space with the help of a launch vehicle. It has a low orbit around the earth and it's purpose is to perform one or many tasks which are directed by its operator. Microsatellites are mainly used for communication, but they can also be used for scientific research purposes, weather monitoring etc., depending on its type. The market size spans global as well as regional markets based on applications and end-users.
Nanosatellite:
Nanosatellites are small satellites, which are made to orbit the earth in a smaller distance with the help of conventional rockets. They comprise a negligible amount of mass and hence they move in an orbit at a very low altitude as compared to larger satellites. These objects have a diameter less than 1/10th of the width of human hair and they can be easily launched into space by means of launching vehicles.
Application Insights:
The national security segment dominated the global nano and microsatellite market in terms of revenue share in 2017. The application is projected to witness significant growth over the forecast period owing to increasing military expenditure by countries such as China, India, and Russia. Furthermore, growing cross-border tensions between various countries will drive demand for these small satellites for military purposes which will further propel industry growth over the coming years.
The commercial segment is expected to grow at a CAGR of XX% from 2018 to 2030 due mainlyto increased transatlantic air transportation servicesby low-cost carriers such as Southwest Airlines (U.S.) and Ryanair (Ireland). These airlines are increasingly using nanosatellites for providing high-speed internet access on board aircraft thereby driving demand for commercial applications across several regions worldwide including North America, Europe, Asia Pacific and Middle East & Africa.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The U.S. is at the forefront of this regional market, with a significant number of satellites launched by various companies from different countries over past few years. For instance, as per Space-Track Ltd., around 514 spacecraft have been launched from American soil (excluding NASA missions).
Asia Pacific region is anticipated to witness lucrative growth during the forecast period owing to increasing demand for satellite services and growing economies such as China and India that require constant up-gradation and modernization of telecommunication infrastructure on account of rising population coupled with rapid urbanization across these nations.
Growth Factors:
- Increasing demand for miniaturization in electronics and telecommunications
- Proliferation of small satellites for earth observation and other applications
- Development of advanced materials and manufacturing processes
- Growing interest in space exploration by commercial entities and new countries
- Expansion of the global small satellite industry supply chain
Scope Of The Report
Report Attributes
Report Details
Report Title
Nano and Microsatellite Market Research Report
By Type
Microsatellite, Nanosatellite
By Application
National Security, Science & Environment, Commercial, Other
By Companies
Lockheed Martin, Northrop Gruman, Raytheon, Dynetics, Surrey Satellite Technology, Axelspace, Sierra Nevada, Clyde Space, Planet Labs, Dauria Aerospace, CASC
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Nano and Microsatellite Market Report Segments:
The global Nano and Microsatellite market is segmented on the basis of:
Types
Microsatellite, Nanosatellite
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
National Security, Science & Environment, Commercial, Other
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:
- Lockheed Martin
- Northrop Gruman
- Raytheon
- Dynetics
- Surrey Satellite Technology
- Axelspace
- Sierra Nevada
- Clyde Space
- Planet Labs
- Dauria Aerospace
- CASC
Highlights of The Nano and Microsatellite 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:
- Microsatellite
- Nanosatellite
- By Application:
- National Security
- Science & Environment
- Commercial
- Other
- 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 Nano and Microsatellite 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
- Identifying Appropriate Advertising Appeals
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?
Nano and Microsatellite are both types of satellites. Nano satellites are smaller than a grain of sand, while microsatellites are smaller than a human hair.
Some of the major players in the nano and microsatellite market are Lockheed Martin, Northrop Gruman, Raytheon, Dynetics, Surrey Satellite Technology, Axelspace, Sierra Nevada, Clyde Space, Planet Labs, Dauria Aerospace, CASC.
The nano and microsatellite market is expected to grow at a compound annual growth rate of 16.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Nano and Microsatellite Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Nano and Microsatellite Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Nano and Microsatellite Market - Supply Chain
4.5. Global Nano and Microsatellite Market Forecast
4.5.1. Nano and Microsatellite Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Nano and Microsatellite Market Size (000 Units) and Y-o-Y Growth
4.5.3. Nano and Microsatellite Market Absolute $ Opportunity
5. Global Nano and Microsatellite Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Nano and Microsatellite Market Size and Volume Forecast by Type
5.3.1. Microsatellite
5.3.2. Nanosatellite
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Nano and Microsatellite Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Nano and Microsatellite Market Size and Volume Forecast by Application
6.3.1. National Security
6.3.2. Science & Environment
6.3.3. Commercial
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Nano and Microsatellite Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Nano and Microsatellite Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Nano and Microsatellite Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Nano and Microsatellite Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Nano and Microsatellite Demand Share Forecast, 2019-2026
9. North America Nano and Microsatellite Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Nano and Microsatellite Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Nano and Microsatellite Market Size and Volume Forecast by Application
9.4.1. National Security
9.4.2. Science & Environment
9.4.3. Commercial
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Nano and Microsatellite Market Size and Volume Forecast by Type
9.7.1. Microsatellite
9.7.2. Nanosatellite
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Nano and Microsatellite Demand Share Forecast, 2019-2026
10. Latin America Nano and Microsatellite Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Nano and Microsatellite Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Nano and Microsatellite Market Size and Volume Forecast by Application
10.4.1. National Security
10.4.2. Science & Environment
10.4.3. Commercial
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Nano and Microsatellite Market Size and Volume Forecast by Type
10.7.1. Microsatellite
10.7.2. Nanosatellite
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Nano and Microsatellite Demand Share Forecast, 2019-2026
11. Europe Nano and Microsatellite Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Nano and Microsatellite Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Nano and Microsatellite Market Size and Volume Forecast by Application
11.4.1. National Security
11.4.2. Science & Environment
11.4.3. Commercial
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Nano and Microsatellite Market Size and Volume Forecast by Type
11.7.1. Microsatellite
11.7.2. Nanosatellite
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Nano and Microsatellite Demand Share, 2019-2026
12. Asia Pacific Nano and Microsatellite Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Nano and Microsatellite Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Nano and Microsatellite Market Size and Volume Forecast by Application
12.4.1. National Security
12.4.2. Science & Environment
12.4.3. Commercial
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Nano and Microsatellite Market Size and Volume Forecast by Type
12.7.1. Microsatellite
12.7.2. Nanosatellite
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Nano and Microsatellite Demand Share, 2019-2026
13. Middle East & Africa Nano and Microsatellite Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Nano and Microsatellite Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Nano and Microsatellite Market Size and Volume Forecast by Application
13.4.1. National Security
13.4.2. Science & Environment
13.4.3. Commercial
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Nano and Microsatellite Market Size and Volume Forecast by Type
13.7.1. Microsatellite
13.7.2. Nanosatellite
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Nano and Microsatellite Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Nano and Microsatellite Market: Market Share Analysis
14.2. Nano and Microsatellite Distributors and Customers
14.3. Nano and Microsatellite Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Lockheed Martin
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Northrop Gruman
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Raytheon
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dynetics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Surrey Satellite Technology
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Axelspace
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sierra Nevada
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Clyde Space
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Planet Labs
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Dauria Aerospace
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CASC
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
