Global Nanosatellite and Microsatellite Market, By Component (Hardware, Software & Data Processing, Launch Services), Mass (1 Kg – 10 Kg (Nanosatellites), 11 Kg – 100 Kg (Microsatellites)), Application (Communications, Reconnaissance, Scientific Research, Earth Observation, Remote Sensing, Climate, Mapping and Navigation), Vertical (Media and Entertainment Sector, BFSI, Healthcare Sector, Transportation, Public Sector, Manufacturing Sector, Retail Sector, IT & Telecom Sector, Energy & Utilities, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Nanosatellite and Microsatellite Market
Nanosatellite and microsatellite market will grow at a CAGR of 19.80% in the forecast period of 2021 to 2028. The increasing demand for LEO-based services is an essential factor driving the nanosatellite and microsatellite market.
Satellite is a type of an object or equipment which is sent to space that moves around the planet to collect the information. The nanosatellite and microsatellite are basically used for communication purposes, earth observation and space research. There are numerous applications associated with nanosatellite and microsatellite such as military, defense sector and also for commercial purpose among others. These satellites are inexpensive and smaller in size than larger satellites.
Rising demand for Earth observation related application is a crucial factor accelerating the market growth, also rising focus on reducing the cost of miniatures satellite, increasing demand for small satellite in earth observation application, increasing investments for space technologies, growing demand for research activities and increasing research and development of small satellite are the major factors among others boosting the nanosatellite and microsatellite market. Moreover, rising growth in the demand for satellite imagery from nongovernmental players and rise in the number of application areas will further create new opportunities for nanosatellite and microsatellite market in the forecast period mentioned above.
However, limited access to space and rising government regulatory challenges are the major factors among others which will curtail the market growth, while raising capital and funding of satellite manufacturing and launch and rising concerns related to space debris will further challenge the nanosatellite and microsatellite market in the forecast period mentioned above.
This nanosatellite and microsatellite market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on nanosatellite and microsatellite market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Nanosatellite and Microsatellite Market Scope and Market Size
Nanosatellite and microsatellite market is segmented on the basis of component, mass, application and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, nanosatellite and microsatellite market is segmented into hardware, software & data processing and launch services.
- Based on mass, the nanosatellite and microsatellite market is segmented into 1 Kg – 10 Kg (Nanosatellites) and 11 Kg – 100 Kg (Microsatellites).
- Based on application, the nanosatellite and microsatellite market is segmented into communications, reconnaissance, scientific research, Earth observation, remote sensing, climate and mapping and navigation.
- The nanosatellite and microsatellite market is also segmented on the basis of vertical into media and entertainment sector, BFSI, healthcare sector, transportation, public sector, manufacturing sector, retail sector, IT & telecom sector, energy & utilities and others.
Global Nanosatellite and Microsatellite Market Scope Country Level Analysis
Nanosatellite and microsatellite market is analysed and market size, volume information is provided by country, component, mass, application and vertical as referenced above.
The countries covered in the nanosatellite and microsatellite market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the nanosatellite and microsatellite market due to rising presence of established space research agencies and universities, along with advance technologies especially in the US, in this region. Asia-Pacific accounts for considerable revenue share contribution to the global nanosatellite and microsatellite market due to rising research and development activities, hiking focus on reducing the cost of miniatures satellite and rising research and development activities in this region. Europe is the expected region in terms of growth in nanosatellite and microsatellite market due to rising technological advancements in nanosatellite and microsatellite and rising research activities in this region.
The country section of the nanosatellite and microsatellite market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Nanosatellite and Microsatellite Market Share Analysis
Nanosatellite and microsatellite market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to nanosatellite and microsatellite market.
The major players covered in nanosatellite and microsatellite market report are GomSpace, Lockheed Martin Corporation, L3Harris Technologies, Inc., Sierra Nevada Corporation, AAC Clyde Space, Planet Labs Inc., NanoAvionics, Tyvak Nano-Satellite Systems, Inc., Innovative Solutions In Space B.V., SpaceQuest Ltd., Raytheon Technologies Corporation, RUAG Group, Surrey Satellite Technology, Dauria Aerospace, Axelspace Corporation, Sky and Space Global SpaceWorks Enterprises, Inc., Berlin Space Technologies GmbH., Spire Global, Northrop Grumman Corporation. and Dynetics, Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-