The global nanosatellite and microsatellite market reached a value of US$ 2.0 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 6.1 Billion by 2027, exhibiting a CAGR of 20.42% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Nanosatellites and microsatellites (NaM) refer to miniaturized artificial satellites that weigh between 1 to 10 kilograms. They circle the earth in a polar (circular or elliptical) orbit and are usually launched at low altitudes. They travel at high speeds and offer optimum solutions for communications, remote sensing and land observations. These satellites consist of various hardware, software and data processing devices that are also used for geographical mapping, navigation and scientific research. The data obtained from these satellites is processed and used for improving water management and carrying out relief and defense operations.
Significant growth in the aeronautic and satellite industry is one of the key factors driving the growth of the market. Furthermore, advancements in the miniaturization technologies across industries are also providing a boost to the market growth. NaMs are increasingly being utilized across the civil, commercial and defense sectors to conduct low-cost space missions, including geolocation, signal monitoring and communications. Various technological advancements, such as the integration of these satellites with artificial intelligence (AI), robotics and the Internet of Things (IoT) is acting as another growth-inducing factor. These technologies, along with Very High Frequency (VHF), Ultra High Frequency (UHF) and visible transmission technologies, aid in increasing signal frequencies and overall data transfer speeds between the satellite and the ground stations. Other factors, including the deployment of solar panels and star tracker technologies, along with extensive research and development (R&D) activities in the field of space science, are projected to drive the market further.
The publisher provides an analysis of the key trends in each sub-segment of the global nanosatellite and microsatellite market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on satellite mass, component, application and end-use sector.
The report has also analysed the competitive landscape of the market with some of the key players being AAC Clyde Space., Axelspace Corporation, Berlin Space Technologies, GomSpace, ISISPACE Group, L3harris Technologies Inc., Lockheed Martin Corporation., Planet Labs Tb Inc., Spacequest Ltd., Spire Inc., Surrey Satellite Technology, Tyvak Nano-Satellite Systems, Inc. etc.
2. What is the expected growth rate of the global nanosatellite and microsatellite market during 2022-2027?
3. What are the key factors driving the global nanosatellite and microsatellite market?
4. What has been the impact of COVID-19 on the global nanosatellite and microsatellite market?
5. What is the breakup of the global nanosatellite and microsatellite market based on the satellite mass?
6. What is the breakup of the global nanosatellite and microsatellite market based on the component?
7. What is the breakup of the global nanosatellite and microsatellite market based on the application?
8. What is the breakup of the global nanosatellite and microsatellite market based on the end-use sector?
9. What are the key regions in the global nanosatellite and microsatellite market?
10. Who are the key companies/players in the global nanosatellite and microsatellite market?
Nanosatellites and microsatellites (NaM) refer to miniaturized artificial satellites that weigh between 1 to 10 kilograms. They circle the earth in a polar (circular or elliptical) orbit and are usually launched at low altitudes. They travel at high speeds and offer optimum solutions for communications, remote sensing and land observations. These satellites consist of various hardware, software and data processing devices that are also used for geographical mapping, navigation and scientific research. The data obtained from these satellites is processed and used for improving water management and carrying out relief and defense operations.
Significant growth in the aeronautic and satellite industry is one of the key factors driving the growth of the market. Furthermore, advancements in the miniaturization technologies across industries are also providing a boost to the market growth. NaMs are increasingly being utilized across the civil, commercial and defense sectors to conduct low-cost space missions, including geolocation, signal monitoring and communications. Various technological advancements, such as the integration of these satellites with artificial intelligence (AI), robotics and the Internet of Things (IoT) is acting as another growth-inducing factor. These technologies, along with Very High Frequency (VHF), Ultra High Frequency (UHF) and visible transmission technologies, aid in increasing signal frequencies and overall data transfer speeds between the satellite and the ground stations. Other factors, including the deployment of solar panels and star tracker technologies, along with extensive research and development (R&D) activities in the field of space science, are projected to drive the market further.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global nanosatellite and microsatellite market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on satellite mass, component, application and end-use sector.
Breakup by Satellite Mass:
- Nanosatellite (1kg to 10kg)
- Microsatellite (10kg to 100kg)
Breakup by Component:
- Hardware
- Software and Data Processing
- Space Services
- Launch Services
Breakup Application:
- Communication
- Earth Observation and Remote Sensing
- Scientific Research
- Biological Experiments
- Technology Demonstration and Verification
- Academic Training
- Mapping and Navigation
- Reconnaissance
- Others
Breakup by End-Use Sector:
- Government
- Civil
- Commercial
- Defense
- Energy and Infrastructure
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being AAC Clyde Space., Axelspace Corporation, Berlin Space Technologies, GomSpace, ISISPACE Group, L3harris Technologies Inc., Lockheed Martin Corporation., Planet Labs Tb Inc., Spacequest Ltd., Spire Inc., Surrey Satellite Technology, Tyvak Nano-Satellite Systems, Inc. etc.
Key Questions Answered in This Report
1. What is the size of the global nanosatellite and microsatellite market in 2021?2. What is the expected growth rate of the global nanosatellite and microsatellite market during 2022-2027?
3. What are the key factors driving the global nanosatellite and microsatellite market?
4. What has been the impact of COVID-19 on the global nanosatellite and microsatellite market?
5. What is the breakup of the global nanosatellite and microsatellite market based on the satellite mass?
6. What is the breakup of the global nanosatellite and microsatellite market based on the component?
7. What is the breakup of the global nanosatellite and microsatellite market based on the application?
8. What is the breakup of the global nanosatellite and microsatellite market based on the end-use sector?
9. What are the key regions in the global nanosatellite and microsatellite market?
10. Who are the key companies/players in the global nanosatellite and microsatellite market?
Frequently Asked Questions about the Global Nanosatellite and Microsatellite Market
What is the estimated value of the Global Nanosatellite and Microsatellite Market?
What is the growth rate of the Global Nanosatellite and Microsatellite Market?
What is the forecasted size of the Global Nanosatellite and Microsatellite Market?
Who are the key companies in the Global Nanosatellite and Microsatellite Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 141 |
| Published | June 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD
| USD 2 Billion |
| Forecasted Market Value ( USD
| USD 6.1 Billion |
| Compound Annual Growth Rate | 20.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Indicators
2 Scope and Methodology
4 Introduction
5 Global Nanosatellite and Microsatellite Market
6 Market Breakup by Satellite Mass
7 Market Breakup by Component
8 Market Breakup by Application
9 Market Breakup by End-Use Sector
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- AAC Clyde Space.
- Axelspace Corporation
- Berlin Space Technologies
- GomSpace
- ISISPACE Group
- L3harris Technologies Inc.
- Lockheed Martin Corporation.
- Planet Labs Tb Inc.
- Spacequest Ltd.
- Spire Inc.
- Surrey Satellite Technology
- Tyvak Nano-Satellite Systems Inc.
Methodology
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