Global Nano and Micro Satellite Market - Global Market Forecast and Analysis (2018 - 2023)

  • ID: 4534345
  • Report
  • Region: Global
  • 110 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Airbus Defense & Space
  • Axelspace
  • Dauria Aerospace
  • Deep Space Industries
  • GeoOptics
  • Planet Labs
  • MORE
Nano and microsatellites range between 1-10 kgs and 10 - 100 kgs, respectively. These satellites are the fastest growing segments of the satellite industry. Their ease to build and lower operating and manufacturing costs are making them immensely popular in, both, civilian and military applications. The factors driving this sector include diminishing manufacturing, launching costs, increased investment in R&D by both public and private players, rising acceptance of satellite constellation approach, and major upcoming mission dispatches. The market is expected to register a CAGR of 23.5% during the forecast period of 2018-2023.

Reduced Cost of Nano Satellites

The cost of building a nano or microsatellite is almost negligible in comparison to the traditional large-scale satellites. This is one of the primary reason driving the market, as many venture capitalists are investing in startups in space technology. Moreover, these miniaturized satellites mostly use the hardware and software already developed and used by the tech industry. Companies are entering the market with ease and offer diverse on-demand services. Thus, the possibilities for new applications and products & services are widening further. For instance, currently, many private players are providing internet-based space exploration to the general public. Diminishing manufacturing and launching costs have resulted in a rise in upcoming launches, worldwide, by both, military, as well as, private conglomerates for earth observation, surveillance, and communication applications.

Excessive Satellites in Orbit

Nano and microsatellites, currently, do not have a deorbiting system, due to size and weight constraints. However, with thousands of satellites in orbit, this factor might create issues for the market. Various international agencies, such as the FCC, the UN, and the IADC, have proposed mitigating guidelines that state the importance of deorbiting.

The commercial and civilian markets for nano and microsatellites hold the largest share and have scope for high growth during 2018-2023. North America is projected to have the fastest growing market, followed by Asia-Pacific and the Middle East & Africa.

Key Developments in the Market:
  • February 2018: Unique Danish nano-satellite in orbit around the Arctic.
  • February 2018: The UK space agency awarded Spire Global EUR 4 million to fund nanosatellites.
Major players: Dauria Aerospace, Airbus, Northrop Gruman, SpaceQuest, Geo Optics, and Sierra Nevada, among others.

Reasons to Purchase the Report:
  • The report analyses how the increasing applications in earth’s observation will drive the global nano and micro satellite market.
  • Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • 3-month analyst support along with the Market Estimate sheet (in Excel).
Customization of the Report:

This report can be customized to meet your requirements.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Airbus Defense & Space
  • Axelspace
  • Dauria Aerospace
  • Deep Space Industries
  • GeoOptics
  • Planet Labs
  • MORE
1. Introduction
1.1 Study Deliverables
1.2 General Study Assumptions

2. Research Methodology
2.1 Introduction
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling

3. Executive Summary

4. Market Overview and Trends
4.1 Introduction
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry

5. Market Dynamics
5.1 Drivers
5.1.1 Low Manufacturing Cost
5.1.2 High Demand in Earth Observation Applications
5.2 Restraints
5.2.1 Implementation of Regulations
5.3 Opportunities
5.3.1 Internet Access for Areas with No Connectivity

6. Market Segmentation by Application
6.1 Navigation and Mapping
6.2 Scientific Research
6.3 Power
6.4 Communications
6.5 Reconnaissance

7. Market Segmentation by End-User
7.1 Military
7.2 Government
7.3 Commercial

8. Market Segmentation by Mass
8.1 Nanosatellite (1 - 10 kg)
8.2 Microsatellite (10 - 100 kg)

9. Market Segmentation by Geography
9.1 North America
9.1.1 US
9.1.2 Canada
9.1.3 Rest of North America
9.2 South America
9.2.1 Brazil
9.2.2 Argentina
9.2.3 Rest of South America
9.3 Asia-Pacific
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 South Korea
9.3.5 Rest of Asia-Pacific
9.4 Europe
9.4.1 UK
9.4.2 Germany
9.4.3 France
9.4.4 Rest of Europe
9.5 Middle East & Africa
9.5.1 UAE
9.5.2 South Africa
9.5.2 Saudi Arabia
9.5.4 Rest of the Middle East & Africa

10. Competitive Landscape
10.1 Introduction
10.2 Market Share Analysis
10.3 Developments of Key Players

11. Key Vendor Analysis (Overview, Products & Services, Strategies)
11.1 Airbus Defense & Space
11.2 Axelspace
11.3 Dauria Aerospace
11.4 Deep Space Industries
11.5 GeoOptics
11.6 Northrop Grumman Corporation
11.7 Planet Labs
11.8 Sierra Nevada
11.9 SpaceQuest
12. Future of the Market
13. Disclaimer
Note: Product cover images may vary from those shown
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  • Airbus Defense & Space
  • Axelspace
  • Dauria Aerospace
  • Deep Space Industries
  • GeoOptics
  • Northrop Grumman Corporation
  • Planet Labs
  • Sierra Nevada SpaceQuest
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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