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.
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).
This report can be customized to meet your requirements.
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Trends
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
5.1.1 Low Manufacturing Cost
5.1.2 High Demand in Earth Observation Applications
5.2.1 Implementation of Regulations
5.3.1 Internet Access for Areas with No Connectivity
6. Market Segmentation by Application
6.1 Navigation and Mapping
6.2 Scientific Research
7. Market Segmentation by End-User
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
9.1.3 Rest of North America
9.2 South America
9.2.3 Rest of South America
9.3.4 South Korea
9.3.5 Rest of Asia-Pacific
9.4.4 Rest of Europe
9.5 Middle East & Africa
9.5.2 South Africa
9.5.2 Saudi Arabia
9.5.4 Rest of the Middle East & Africa
10. Competitive Landscape
10.2 Market Share Analysis
10.3 Developments of Key Players
11. Key Vendor Analysis (Overview, Products & Services, Strategies)
11.1 Airbus Defense & Space
11.3 Dauria Aerospace
11.4 Deep Space Industries
11.6 Northrop Grumman Corporation
11.7 Planet Labs
11.8 Sierra Nevada
12. Future of the Market