Nanosatellite and Microsatellite Market by Component (Hardware, Software & Data Processing, Services, Launch Services), Mass (1 kg-10 kg and 11 kg-100 kg), Application (Earth Observation & Remote Sensing), Vertical - Global Forecast to 2022

  • ID: 4315697
  • Report
  • Region: Global
  • 128 Pages
  • Markets and Markets
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The Nanosatellite And Microsatellite Market is Projected to Grow from USD 1.21 Billion in 2017 to USD 3.49 Billion By 2022, at a CAGR of 23.7%

FEATURED COMPANIES

  • Axelspace Corporation
  • Dauria Aerospace
  • GS Sweden AB (Gomspace)
  • Raytheon Company
  • Sierra Nevada Corporation
  • Spacequest Ltd.
  • MORE

"The low manufacturing cost of miniature satellites is one of the key factors expected to drive the growth of the nanosatellite and microsatellite market."

The nanosatellite and microsatellite market is projected to grow from USD 1.21 billion in 2017 to USD 3.49 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 23.7% during the forecast period. Factors such as the high demand for miniature satellites in Earth observation applications, low manufacturing cost of miniature satellites, and increased investments in nanosatellite and microsatellite technologies are expected to drive the growth of the market. The implementation of stringent regulations pertaining to the increasing number of satellites being launched can restrain the growth of the market.

"Based on component, the service segment is estimated to be the largest segment of the nanosatellite and microsatellite market in 2017."

Based on component, the service segment is estimated to be the largest segment of the nanosatellite and microsatellite market in 2017. Services offered by companies in the market include planning and satellite design, mission management, engineering services, science services, testing, support, and all such services needed for the efficient operation of nanosatellites and microsatellites. The growth of the services segment can be primarily attributed to the high demand for vendors of nanosatellites and microsatellites that provide support services, in addition to developing and designing miniature satellites.

"Based on application, the Earth observation and remote sensing segment is expected to be the largest segment of the market in 2017."

The Earth observation and remote sensing segment is estimated to be the largest segment of the nanosatellite and microsatellite market in 2017. The high mobility of nanosatellites and microsatellites, due to their compactness, makes them ideal to forecast disasters with no delay in reporting time and track various weather-related phenomena, such as hurricanes, lightning, polar lights, or natural catastrophes.

Based on vertical, the commercial segment is estimated to be the largest segment of the market in 2017.

Based on vertical, the commercial segment of the nanosatellite and microsatellite market is expected to witness the highest growth in the coming years. Companies operational in the commercial vertical can gather real-time data and distribute it across a wide geographic area to their clients with the help of miniature satellites. Civil, government, and defense are other key verticals wherein nanosatellites and microsatellites are widely used.

"Europe is expected to be the fastest-growing market for nanosatellites and microsatellites during the forecast period"

The nanosatellite and microsatellite market has been studied for North America, Europe, Asia-Pacific (APAC), and RoW. The market in Europe includes the U.K., Russia, Germany, and France, who are rapidly gaining technological leadership in satellite manufacturing. The market for nanosatellites and microsatellites in Europe is expected to witness the highest growth during the forecast period due to the increased demand for missions that provide data for Earth observation and scientific exploration.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the nanosatellite and microsatellite marketplace.

  • By Company Type: Tier 1: 17%, Tier 2: 33%, and Tier 3: 50%
  • By Designation: C-Level: 35%, Director Level: 60%, and Others: 5%
  • By Region: North America: 48%, Europe: 35%, and APAC: 17%

Key vendors profiled in the report are as follows:
1. RUAG Group (Switzerland)
2. Clyde Space Inc., (U.K.)
3. GS Sweden AB (GomSpace) (Denmark)
4. Sierra Nevada Corporation (U.S.)
5. Tyvak, Inc. (U.S.)
6. Lockheed Martin Corporation (U.S.)
7. Raytheon Company (U.S.)
8. PLANET LABS INC. (U.S.)
9. Innovative Solutions In Space (ISIS) (Europe) and
10. SpaceQuest Ltd. (U.S.)

Research Coverage

The nanosatellite and microsatellite market has been segmented based on component, mass, application, vertical, and region. Based on component, the nanosatellite and microsatellite market has been segmented into hardware, software and data processing, service, and launch service. Based on mass, the market has been segmented into 1 kg-10 kg (nanosatellite) and 11 kg-100 kg (microsatellite). Based on application, the nanosatellite and microsatellite market has been segmented into communication, Earth observation and remote sensing, scientific research, biological experiment, technology demonstration and verification, academic training, mapping and navigation, and reconnaissance. Based on vertical, the nanosatellite and microsatellite market has been segmented into government, civil, commercial, defense, energy & infrastructure, and maritime & transportation. Based on region, the nanosatellite and microsatellite market has been segmented into North America, Europe, APAC and RoW (the Middle East & Africa and Latin America).

Key Benefits of Buying the Report:

The report will help market leaders and new entrants in the nanosatellite and microsatellite market in the following ways:

The report will help market leaders/new entrants in this market by providing them the closest approximations of revenues of the nanosatellite and microsatellite market and its subsegments. This report will also help stakeholders better understand the competitor landscape, gain more insight to better position their businesses, and implement suitable go-to-market strategies. The report will help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

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FEATURED COMPANIES

  • Axelspace Corporation
  • Dauria Aerospace
  • GS Sweden AB (Gomspace)
  • Raytheon Company
  • Sierra Nevada Corporation
  • Spacequest Ltd.
  • MORE

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary

4 Premium Insights
    4.1 Attractive Opportunities in Nanosatellite and Microsatellite Market
    4.2 Market By Component
    4.3 Market By Application
    4.4 Market By Vertical and Region
    4.5 Market By Region

5 Market Overview and Industry Trends
    5.1 Introduction
    5.2 Evolution
    5.3 Nanosatellite and Microsatellite Architecture
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Low Manufacturing Cost of Miniature Satellites
                    5.4.1.2 High Demand for Miniature Satellites in Earth Observation Application
                    5.4.1.3 Increased Investments in Nanosatellite & Microsatellite Technologies
           5.4.2 Restraints
                    5.4.2.1 Implementation of Regulations for Increasing Number of Satellites Being Launched
           5.4.3 Opportunities
                    5.4.3.1 Internet Access for Areas Without Broadband Connectivity
                    5.4.3.2 Advancements in Space Technologies
                    5.4.3.3 Increased Demand for Satellites in Various Application Areas
           5.4.4 Challenges
                    5.4.4.1 Lack of Dedicated Launch Vehicles for Launching Miniature Satellites Into Space
                    5.4.4.2 Issues Related to Space Debris

6 Nanosatellite and Microsatellite Market, By Component
    6.1 Introduction
    6.2 Hardware
    6.3 Software and Data Processing
    6.4 Service
    6.5 Launch Service

7 Market By Mass
    7.1 Introduction
    7.2 1 Kg-10 Kg (Nanosatellite)
    7.3 11 Kg-100 Kg (Microsatellite)

8 Nanosatellite and Microsatellite Market, By Application
    8.1 Introduction
    8.2 Communication
    8.3 Earth Observation and Remote Sensing
    8.4 Scientific Research
    8.5 Biological Experiment
    8.6 Technology Demonstration and Verification
    8.7 Academic Training
    8.8 Mapping and Navigation
    8.9 Reconnaissance

9 Nanosatellite and Microsatellite Market, By Vertical
    9.1 Introduction
    9.2 Government
    9.3 Civil
    9.4 Commercial
    9.5 Defense
    9.6 Energy & Infrastructure
    9.7 Maritime & Transportation

10 Regional Analysis
     10.1 Introduction
     10.2 North America
     10.3 Europe
     10.4 Asia-Pacific
     10.5 Rest of the World (RoW)

11 Competitive Landscape
     11.1 Introduction
             11.1.1 Vanguards
             11.1.2 Innovators
             11.1.3 Dynamic
             11.1.4 Emerging
     11.2 Competitive Benchmarking
             11.2.1 Product Offerings
             11.2.2 Business Strategies

12 Company Profiles
(Business Overview, Product Offerings & Business Strategies, Key Insights, Recent Developments, View)*
     12.1 Ruag Group
     12.2 Clyde Space, Inc.
     12.3 GS Sweden AB (Gomspace)
     12.4 Sierra Nevada Corporation
     12.5 Tyvak Inc.
     12.6 Lockheed Martin Corporation
     12.7 Raytheon Company
     12.8 Planet Labs, Inc.
     12.9 Innovative Solutions in Space
     12.10 Spacequest Ltd.

*Details on Business Overview, Product Offerings & Business Strategies, Key Insights, Recent Developments, View Might Not Be Captured in Case of Unlisted Companies.

13 Key Innovators
     13.1 Sky and Space Global Ltd.
     13.2 Kepler Communications, Inc.
     13.3 Else SA
     13.4 Axelspace Corporation
     13.5 Dauria Aerospace

List of Tables
Table 1 Nanosatellite and Microsatellite Market Size, By Component, 2015-2022 (USD Million)
Table 2 Hardware Component: Market Size, By Region, 2015-2022 (USD Million)
Table 3 Software and Data Processing Component: Market Size, By Region, 2015-2022 (USD Million)
Table 4 Service Component: Market Size, By Region, 2015-2022 (USD Million)
Table 5 Launch Service Component: Market Size, By Region, 2015-2022 (USD Million)
Table 6 Market Size, By Mass, 2015-2022 (USD Million)
Table 7 1 Kg -10 Kg (Nanosatellite): Market Size, By Region, 2015-2022 (USD Million)
Table 8 11 Kg-100 Kg (Microsatellite): Market Size, By Region, 2015-2022 (USD Million)
Table 9 Market Size, By Application, 2015-2022 (USD Million)
Table 10 Communication Application: Market Size, By Region, 2015-2022 (USD Million)
Table 11 Earth Observation and Remote Sensing Application: Market Size, By Region, 2015-2022 (USD Million)
Table 12 Scientific Research Application: Market Size, By Region, 2015-2022 (USD Million)
Table 13 Biological Experiment Application: Market Size, By Region, 2015-2022 (USD Million)
Table 14 Technology Demonstration and Verification Application: Market Size, By Region, 2015-2022 (USD Million)
Table 15 Academic Training Application: Market Size, By Region, 2015-2022 (USD Million)
Table 16 Mapping and Navigation Application: Market Size, By Region, 2015-2022 (USD Million)
Table 17 Reconnaissance Application: Market Size, By Region, 2015-2022 (USD Million)
Table 18 Nanosatellite and Microsatellite Market Size, By Vertical, 2015-2022 (USD Million)
Table 19 Government Vertical: Market Size, By Region, 2015-2022 (USD Million)
Table 20 Civil Vertical: Market Size, By Region, 2015-2022 (USD Million)
Table 21 Commercial Vertical: Market Size, By Region, 2015-2022 (USD Million)
Table 22 Defense Vertical: Market Size, By Region, 2015-2022 (USD Million)
Table 23 Energy & Infrastructure Vertical: Market Size, By Region, 2015-2022 (USD Million)
Table 24 Maritime & Transportation Vertical: Market Size, By Region, 2015-2022 (USD Million)
Table 25 Nanosatellite and Microsatellite Market Size, By Region, 2015-2022 (USD Million)
Table 26 North America: Market Size, By Component, 2015-2022 (USD Million)
Table 27 North America: Market Size, By Mass, 2015-2022 (USD Million)
Table 28 North America: Market Size, By Application, 2015-2022 (USD Million)
Table 29 North America: Market Size, By Vertical, 2015-2022 (USD Million)
Table 30 Europe: Market Size, By Component, 2015-2022 (USD Million)
Table 31 Europe: Market Size, By Mass, 2015-2022 (USD Million)
Table 32 Europe: Market Size, By Application, 2015-2022 (USD Million)
Table 33 Europe: Market Size, By Vertical, 2015-2022 (USD Million)
Table 34 Asia-Pacific: Nanosatellite and Microsatellite Market Size, By Component, 2015-2022 (USD Million)
Table 35 Asia-Pacific: Market Size, By Mass, 2015-2022 (USD Million)
Table 36 Asia-Pacific: Market Size, By Application, 2015-2022 (USD Million)
Table 37 Asia-Pacific: Market Size, By Vertical, 2015-2022 (USD Million)
Table 38 RoW: Market Size, By Component, 2015-2022 (USD Million)
Table 39 RoW: Market Size, By Mass, 2015-2022 (USD Million)
Table 40 RoW: Market Size, By Application, 2015-2022 (USD Million)
Table 41 RoW: Market Size, By Vertical, 2015-2022 (USD Million)

List of Figures
Figure 1 Nanosatellite and Microsatellite Market: Research Design
Figure 2 Breakdown of Primary Interview: By Company Type, Designation, and Region
Figure 3 Data Triangulation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Assumptions
Figure 7 Global Nanosatellite and Microsatellite Market: Regional Snapshot
Figure 8 1kg-10kg (Nanosatellite) Segment to Record Higher Growth During Forecast Period (USD Million)
Figure 9 Commercial Vertical to Record Highest Growth During Forecast Period (USD Million)
Figure 10 Earth Observation and Remote Sensing Application to Record Highest Growth During Forecast Period (USD Million)
Figure 11 Low Manufacturing Cost of Miniature Satellites to Drive Market Growth During Forecast Period
Figure 12 Software and Data Processing Component to Record Highest Growth During Forecast Period (USD Million)
Figure 13 Earth Observation and Remote Sensing Application to Record Highest Growth During Forecast Period (USD Million)
Figure 14 Commercial Segment and North America to Dominate Market in 2017
Figure 15 Europe to Record Highest Growth During Forecast Period (USD Million)
Figure 16 Evolution: Market
Figure 17 Nanosatellite and Microsatellite Architecture
Figure 18 Nanosatellite and Microsatellite Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Software and Data Processing Component to Record Highest Growth During Forecast Period (USD Million)
Figure 20 Market, By Mass, 2017 & 2022 (USD Million)
Figure 21 Earth Observation and Remote Sensing Application to Record Highest Growth During Forecast Period (USD Million)
Figure 22 Commercial Vertical to Record Highest Growth During Forecast Period (USD Million)
Figure 23 North America to Dominate Global Market During Forecast Period (USD Million)
Figure 24 Global Market Snapshot: Europe to Record Highest Growth During Forecast Period
Figure 25 North America: Nanosatellite and Microsatellite Market Snapshot
Figure 26 Europe: Market Snapshot
Figure 27 Dive Chart
Figure 28 Ruag Group: Company Snapshot
Figure 29 Ruag Group: Product Offerings Scorecard
Figure 30 Ruag Group: Business Strategies Scorecard
Figure 31 Clyde Space, Inc.: Product Offerings Scorecard
Figure 32 Clyde Space, Inc.: Business Strategies Scorecard
Figure 33 GS Sweden AB (Gomspace): Company Snapshot
Figure 34 GS Sweden AB (Gomspace): Product Offerings Scorecard
Figure 35 GS Sweden AB (Gomspace): Business Strategies Scorecard
Figure 36 Sierra Nevada Corporation: Product Offerings Scorecard
Figure 37 Sierra Nevada Corporation: Business Strategies Scorecard
Figure 38 Tyvak, Inc.: Product Offerings Scorecard
Figure 39 Tyvak, Inc.: Business Strategies Scorecard
Figure 40 Lockheed Martin Corporation: Company Snapshot
Figure 41 Lockheed Martin Corporation: Product Offerings Scorecard
Figure 42 Lockheed Martin Corporation: Business Strategies Scorecard
Figure 43 Raytheon Company: Company Snapshot
Figure 44 Raytheon Company: Product Offerings Scorecard
Figure 45 Raytheon Company: Business Strategies Scorecard
Figure 46 Planet Labs, Inc.: Product Offerings Scorecard
Figure 47 Planet Labs, Inc.: Business Strategies Scorecard
Figure 48 Innovative Solutions in Space: Product Offerings Scorecard
Figure 49 Innovative Solutions in Space: Business Strategies Scorecard
Figure 50 Spacequest Ltd.: Product Offerings Scorecard
Figure 51 Spacequest Ltd.: Business Strategies Scorecard

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  • Axelspace Corporation
  • Clyde Space, Inc.
  • Dauria Aerospace
  • Else SA
  • GS Sweden AB (Gomspace)
  • Innovative Solutions in Space
  • Kepler Communications, Inc.
  • Lockheed Martin Corporation
  • Planet Labs, Inc.
  • Raytheon Company
  • Ruag Group
  • Sierra Nevada Corporation
  • Sky and Space Global Ltd.
  • Spacequest Ltd.
  • Tyvak Inc.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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