Nanosatellite and Microsatellite Market

Nanosatellite and Microsatellite Market by Masses (Nanosatellites and Microsatellites), Applications (Technology & Academic Training, Scientific Research, Earth Observation/Remote Sensing, and Communication & Navigation), End-users (Civil, Commercial, Defense & Security, and Government), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: AD-501
  • Author: Growth Market Reports
  • Rating: 4.8
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  • No. Of Pages: 194
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The global nanosatellite and microsatellite market is projected to expand at a significant CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to the increasing demand for miniaturized satellites for various scientific research and defense applications.
 

Nanosatellite and Microsatellite Market Key Takeaways


Nanosatellite and microsatellite are artificial satellites that primarily have less mass and small surface areas. According to NASA’s definition, these satellite are normally weighted between one and 10 kg. The satellites are used for various applications including earth observation and remote sensing, biological experiment, communication, scientific research, academic training. Owing to its wide applications and various excellent functions, these satellite systems are extensively used for defense and intelligence activities from government agencies. Moreover, these small machines are also widely adopted for commercial purposes to provide a proper communication channel. As per a report of Alen Space, up to 75% of all nanosatellites are expected to launch into the earth’s orbit for commercial purposes by the year 2022.

In general, the launch of normal satellites requires heavy vehicles to load and lift it into the space, which prove to be a challenging factor for several government and commercial organizations. Moreover, these smaller satellite are equally effective and useful for collecting or sharing information for various activities as normal satellite do. Rising adoption helps to minimize the cost for launching a satellite and reduce other additional capacity for payload in the carriers. The expansion in the introduction of the cost-efficient carriers such as small satellite launch vehicles (SSLVs) that helps to expand the potential growth in the nanosatellite market. Owing to the low cost of small satellites, several space missions are made possible and governments across the globe are focusing to develop new technology for space missions.

Additionally, the upgrade and incorporation of latest technology including robotics and AI in small satellites help to improve their functional capabilities. Some of the commonly used technology in these satellites include very high frequency (VHF), ultra-high frequency (UHF), and visible transmission technology. Moreover, the adoption of machine learning (ML) intelligence on different space advancement platforms is offering effective communications, enhancing spacecraft reliability, improving coordination in the overall advancement of a mission, and providing more effective computing capabilities.

Market Trends, Drivers, Restraints, and Opportunities

  • Growing demand for low-cost satellite for various communication purposes and other geo-scientific study of Earth are projected to propel the market growth.
  • Rising research activities and investments for space technology developments is expected to boost the market expansion.
  • Increasing tendency for space mission from several leading economies is estimated to drive the market growth.
  • Expanding upgrade of satellite carriers, launching infrastructure, and developments in satellites, are some of the factors contributing to the expansion of market.
  • Lack of sufficient availability of miniature satellites launch vehicles as well as the strict rules and regulations by the International Telecom Union related to radio frequencies are projected to hinder the market growth during the analysis period.
  • Growing use of satellites to reach the increasing demand for internet access in areas without broadband service is expected to present numerous opportunities for the expansion of market.

Scope of the Report

The report on the global nanosatellite and microsatellite market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Nanosatellite and Microsatellite Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Masses (Nanosatellites and Microsatellites), Applications (Technology & Academic Training, Scientific Research, Earth Observation/Remote Sensing, and Communication & Navigation), and End-users (Civil, Commercial, Defense & Security, and Government)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Dauria Aerospace, GomSpace Group AB, Innovative Solutions in Space, Sierra Nevada Corporation, and SpaceQuest Ltd.

 

Global Nanosatellite and Microsatellite Market Segment Insights

Nanosatellites segment is expected to register a major revenue share
Based on masses, the market is bifurcated into nanosatellites and microsatellites. The nanosatellites segment is expected to register a major revenue share during the forecast years owing to their increasing implementation for earth observation missions. The information related to Earth observation satellites are substantially proven valuable for different applications including tracing of population density or congestion, enhancing water management, national defense, and carrying out relief operations. Moreover, the nanosatellites are equipped with advanced navigation as well as transportation capabilities, which in turn, offering certain advantages such as efficient routes, safety records, and lower operating costs.

Earth observation/remote sensing segment to hold a high share
On the basis of applications, the global nanosatellite and microsatellite market is divided into technology and academic training, scientific research, earth observation/remote sensing, and communication & navigation. The earth observation/remote sensing segment is projected to hold a high revenue share during the analysis period owing to the continuous investments by various governments for Earth observation and meteorology projects. For instance, as per the U.S. Group on Earth Observations, the US government spends more than USD 3 billion every year for space-related missions as well as civil earth observations. The rise in awareness about the importance of large amounts of data from Earth observation satellites that provides crucial information about various fields including agriculture, water resources, forestry, mineral prospecting, ocean resources, disaster management, and urban planning.

On the other hand, the communication & navigation segment is anticipated to expand at a significant CAGR during the forecast period owing to the enlarged adoption of innovative technologies including Internet Protocol Television (IPTV) and Over-The-Top (OTT) in communication and navigation. Some of these miniaturized communication satellites are strictly designed to deliver high performance regarding global navigation system. These payloads are equipped to provide mobile, fixed, and broadcast services to the regional coverage areas.

Commercial segment is expected to dominate the market
Based on end-users, the market is classified as civil, commercial, defense & security, and government. The commercial segment is expected to dominate the market during the analysis period owing to the increasing requirement for communication, navigation, and broadcasting activities from the commercial sector. However, the defense & security segment is projected to constitute a high revenue share in the coming years owing to increasing defense budget across governments and growing defense space architecture to improve operational support to military forces. The requirement for improving the military operations and missions result in wide use of these satellites. This is a key aspect for propelling the demand for nano-and microsatellites in the military sector.
 

Nanosatellite and Microsatellite Market By end Users


North America is anticipated to constitute a large share
In terms of regions, the global nanosatellite and microsatellite market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a large share of the market during the forecast period owing to the growing investments in space related activities and early adoption of advanced satellite technology as well as program. For instance, NASA assigns a specific budget every year for the space-related activities such as exploration, aeronautics, space technology, science, and other space operations.

On the other hand, the market in Asia Pacific is expected to expand at a significant growth rate in the coming years due to the increasing focus on the developing of small satellites from emerging economies including India and Japan, for the purpose of communication and navigation. Moreover, small economies including Singapore and South Korea have entered the miniature production market, aiming to launch their own satellites into the orbits irrespective of scale of implementation.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Nanosatellite 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. Nanosatellite 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. Nanosatellite and Microsatellite Market - Supply Chain
  4.5. Global Nanosatellite and Microsatellite Market Forecast
     4.5.1. Nanosatellite and Microsatellite Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Nanosatellite and Microsatellite Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Nanosatellite and Microsatellite Market Absolute $ Opportunity
5. Global Nanosatellite and Microsatellite Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Nanosatellite and Microsatellite Market Size and Volume Forecast by Applications
     5.3.1. Technology & Academic Training
     5.3.2. Scientific Research
     5.3.3. Earth Observation/Remote Sensing
     5.3.4. Communication & Navigation
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Nanosatellite and Microsatellite Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Nanosatellite and Microsatellite Market Size and Volume Forecast by End Users
     6.3.1. Civil
     6.3.2. Commercial
     6.3.3. Defense & Security
     6.3.4. Government
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Nanosatellite and Microsatellite Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Nanosatellite and Microsatellite Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Nanosatellite and Microsatellite Demand Share Forecast, 2019-2026
8. North America Nanosatellite and Microsatellite Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Nanosatellite and Microsatellite Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Nanosatellite and Microsatellite Market Size and Volume Forecast by Applications
     8.4.1. Technology & Academic Training
     8.4.2. Scientific Research
     8.4.3. Earth Observation/Remote Sensing
     8.4.4. Communication & Navigation
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. North America Nanosatellite and Microsatellite Market Size and Volume Forecast by End Users
     8.7.1. Civil
     8.7.2. Commercial
     8.7.3. Defense & Security
     8.7.4. Government
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Nanosatellite and Microsatellite Demand Share Forecast, 2019-2026
9. Latin America Nanosatellite 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
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Nanosatellite and Microsatellite Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Nanosatellite and Microsatellite Market Size and Volume Forecast by Applications
     9.4.1. Technology & Academic Training
     9.4.2. Scientific Research
     9.4.3. Earth Observation/Remote Sensing
     9.4.4. Communication & Navigation
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Latin America Nanosatellite and Microsatellite Market Size and Volume Forecast by End Users
     9.7.1. Civil
     9.7.2. Commercial
     9.7.3. Defense & Security
     9.7.4. Government
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Nanosatellite and Microsatellite Demand Share Forecast, 2019-2026
10. Europe Nanosatellite 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. Europe Average Pricing Analysis
  10.2. Europe Nanosatellite and Microsatellite Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Nanosatellite and Microsatellite Market Size and Volume Forecast by Applications
     10.4.1. Technology & Academic Training
     10.4.2. Scientific Research
     10.4.3. Earth Observation/Remote Sensing
     10.4.4. Communication & Navigation
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Europe Nanosatellite and Microsatellite Market Size and Volume Forecast by End Users
     10.7.1. Civil
     10.7.2. Commercial
     10.7.3. Defense & Security
     10.7.4. Government
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Nanosatellite and Microsatellite Demand Share Forecast, 2019-2026
11. Asia Pacific Nanosatellite 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. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Nanosatellite and Microsatellite Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Nanosatellite and Microsatellite Market Size and Volume Forecast by Applications
     11.4.1. Technology & Academic Training
     11.4.2. Scientific Research
     11.4.3. Earth Observation/Remote Sensing
     11.4.4. Communication & Navigation
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Asia Pacific Nanosatellite and Microsatellite Market Size and Volume Forecast by End Users
     11.7.1. Civil
     11.7.2. Commercial
     11.7.3. Defense & Security
     11.7.4. Government
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Nanosatellite and Microsatellite Demand Share Forecast, 2019-2026
12. Middle East & Africa Nanosatellite 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. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Nanosatellite and Microsatellite Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Nanosatellite and Microsatellite Market Size and Volume Forecast by Applications
     12.4.1. Technology & Academic Training
     12.4.2. Scientific Research
     12.4.3. Earth Observation/Remote Sensing
     12.4.4. Communication & Navigation
  12.5. Basis Point Share (BPS) Analysis by Applications
  12.6. Y-o-Y Growth Projections by Applications
  12.7. Middle East & Africa Nanosatellite and Microsatellite Market Size and Volume Forecast by End Users
     12.7.1. Civil
     12.7.2. Commercial
     12.7.3. Defense & Security
     12.7.4. Government
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Nanosatellite and Microsatellite Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Nanosatellite and Microsatellite Market: Market Share Analysis
  13.2. Nanosatellite and Microsatellite Distributors and Customers
  13.3. Nanosatellite and Microsatellite Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Dauria Aerospace
     13.4.2. GomSpace Group AB
     13.4.3. Innovative Solutions in Space
     13.4.4. Sierra Nevada Corporation
     13.4.5. SpaceQuest Ltd.

Segments Covered in the Report
The global nanosatellite and microsatellite market has been segmented based on

Masses

  • Nanosatellites
  • Microsatellites

Applications

  • Technology & Academic Training
  • Scientific Research
  • Earth Observation/Remote Sensing
  • Communication & Navigation

End-users

  • Civil
  • Commercial
  • Defense & Security
  • Government

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Some major players competing in the global nanosatellite and microsatellite market include Dauria Aerospace, GomSpace Group AB, Innovative Solutions in Space, Sierra Nevada Corporation, and SpaceQuest Ltd.

These leading market players are using strategies including mergers, acquisition, partnerships, new launches, collaborations, and product development to build their strong position in the market. For instance, in October 2020, SpaceQuest Ltd., one of the major competitors in small satellite technology, announced launching of new 20 spacecraft and satellite components that could help many commercial aerospace companies and space agencies including the US Department of Defense and NASA. Moreover, in October 2020, GomSpace Group and the European Space Agency (ESA) entered into a contract for the development of new nanosatellite capabilities that could help in the advancement of the GOMX-5 mission.
 

Nanosatellite and Microsatellite Market By key Players

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