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 Nanosatellite and Microsatellite Market

Nanosatellite and Microsatellite Market by Orbit Type (Non-Polar Inclined, Polar, and Sun-Synchronous), by End User (Civil, Government, Commercial, and Military), by Application (Communications, Earth Observation, Space Science, Technology Demonstration, and Technology Development), and by Component (Hardware, Software & Data Processing, Launch Services, Space Services), by Type (Nanosatellite, Microsatellite), by Vertical (Government, Defense), by Regions and Global Forecast 2022-2028

Report Id: SNS/A&D/1671 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Nanosatellite and Microsatellite Market Size was valued at USD 2.4 billion in 2021 and US$ 2.92 billion in 2022, expected to reach USD 9.65 billion by 2028, and grow at a CAGR of 22% over the forecast period 2022-2028.

Microsatellites and nanosatellites are more affordable than standard satellites and are utilized for different applications, for example, space examination, correspondence, and business purposes. There is an expansion in the interest for such satellites due to their quicker improvement cycles, lightweight attributes, high ability of executing complex registering position, and diminished sendoff costs. Key part like Gum-Space, Planet Labs, and Sierra Nevada Company, are sending off heavenly bodies of miniature and nanosatellites routinely to give a huge degree and scope of satellite-based administrations.

Nanosatellite and Microsatellite Market Revenue Graph

Factors, for example, little size and weight in correlation with ordinary satellites and the ascent in assembling and send off of CubeSats are supposed to drive the development of the nanosatellite and microsatellite market. Notwithstanding, limits of little satellites in regards to payload convenience and rigid unofficial laws control the market development. Besides, an expansion popular for nanosatellites and microsatellites from the business area and an expansion sought after for satellite information are projected to offer rewarding learning experiences for the market players.

MARKET DYNAMICS:

KEY DRIVERS:

  • Remote access

RESTRAINTS:

  • Access limited to space

  • High cost effective

OPPORTUNITIES:

  • Non-government player

  • Disaster monitoring

CHALLENGES:

  • Rising capital investment

THE IMPACT OF COVID-19

The COVID-19 epidemic has taught all organization’s a lot about being prepared for such unpredictable and unexpected times. Governments and businesses active in space are responding to the new scenario in a variety of ways. Certain satellite launches are proceeding, while others are not; some testing’s are ongoing, while others are postponed; some businesses remain open, while others have closed.

During the predicted period, the Software and Data Processing component of the Nanosatellite and Microsatellite Market is predicted to grow at a faster rate. This sector comprises revenue from various software packages as well as data processing suites that are necessary at the ground station for accepting and extracting useful information from raw satellite data. Revenues from onboard nanosatellite and microsatellite software are included. Nanosatellite market allows for enhanced development and collaboration of many platforms and services. Nanosatellite services assist in meeting numerous corporate difficulties, hence offering potential for growth and increasing technical innovation.

Nanosatellites and microsatellites save a lot of energy. This helps to remove barriers to reaching and exploring space, which has resulted in a spike in the popularity of small size and weight satellites since their introduction. Furthermore, depending on the needs, a small satellite may be manufactured and launched in orbit at a cheaper cost than regular satellites. Aside from the benefits of lighter weight and smaller size, the main advantage of small satellites is the short time it takes to create them. A regular or large satellite can take 5 to 15 years to create and put into orbit, whereas a nanosatellite can be developed and launched into the required orbit in less than 8 months. CubeSats, a subset of nanosatellites, are characterized by the CubeSat Plan Determination informally called the CubeSat standard. CubeSats are made by standard estimations, in units or U of 10 cm x 10 cm x 10 cm. They are typically underlying the arrangement of 1U/2U/3U/6U/12U or other in size, and as a rule weigh under 1.33 kg per unit. Making little satellites according to the CubeSat principles brings about the reducing of expenses related with the examination and specialized improvement stages, which has brought about a sharp expansion in the prominence of CubeSats since its presentation. Also, contingent upon the determinations, a CubeSat can be fabricated and situated in circle, which represents a little piece of complete expenses as contrasted and the expenses engaged with regular satellite missions. Such advantages related with CubeSats are expected to drive the development of the worldwide nanosatellite and microsatellite market during the conjecture time frame. Because of the increasing deployment of nanosatellites for Earth observation missions, the nanosatellites segment will account for more than 81 % of revenue in 2022 Earth observation satellite data has shown to be extremely useful for purposes such as improving water management, tracking refugee populations, conducting humanitarian activities, and national defense.

A nanosatellite has further advanced navigation and transportation capabilities, more efficient routes, resulting in better safety records and cheaper operational costs.

Nanosatellites are being developed for academic reasons and for conducting technological experiments in orbit by research organizations. For example, NASA's CubeSat effort has provided possibilities for educational institutions and non-governmental organizations to work on planned tiny satellite launches. NASA is providing CubeSat developers with a cost-effective way to conduct scientific studies and technological demonstrations in space through such creative technology partnerships.

MARKET KEY PLAYER

Astro Digital, AAC Clyde Space AB., Lockheed Martin Corporation, Planet Labs Inc., Surrey Satellite Technology Ltd., Swarm Technologies Inc., and Tyvak Nano-Satellite Systems, Inc., L3Harris Technologies, Sierra Nevada Corpporation, Gomspace Inc, and other players.

MARKET SEGMENTATION:

by Orbit Type

  • Non-Polar Inclined

  • Polar

  • Sun-Synchronous

by End User

  • Civil

  • Government

  • Commercial

  • Military

by Application

  • Communications

  • Earth Observation

  • Space Science

  • Technology Demonstration

  • Technology Development

by Component

  • Hardware

  • Software & Data Processing

  • Launch Services

  • Space Services

by Type

  • Nanosatellite

  • Microsatellite

by Vertical

  • Government

  • Defense

Nanosatellite and Microsatellite Market Segment Chart

REGIONAL ANALYSIS:

As economies in the region, such as Japan and India, continue to actively launch tiny satellites for communication and navigation, the Asia Pacific region is expected to emerge as the fastest-growing regional market. To fulfil the demand for miniaturization, Japan is researching tactics to tap into the demand for compact satellites and aircraft. Furthermore, countries like as South Korea and Singapore have entered the smallest production market in order to put their satellites into orbit, regardless of scale.

REGIONAL COVEREGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Nanosatellite and Microsatellite Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 2.4 Billion
Market Size by 2028 US$ 9.65 Billion
CAGR CAGR of 22% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Orbit Type (Non-Polar Inclined, Polar, and Sun-Synchronous)
• By End User (Civil, Government, Commercial, and Military)
• By Application (Communications, Earth Observation, Space Science, Technology Demonstration, and Technology Development)
• By Component (Hardware, Software & Data Processing, Launch Services, Space Services)
• By Type (Nanosatellite, Microsatellite)
• By Vertical (Government, Defense)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Astro Digital, AAC Clyde Space AB., Lockheed Martin Corporation, Planet Labs Inc., Surrey Satellite Technology Ltd., Swarm Technologies Inc., and Tyvak Nano-Satellite Systems, Inc., L3Harris Technologies, Sierra Nevada Corpporation, Gomspace Inc, and other players.
DRIVERS • Remote access
RESTRAINTS • Access limited to space
• High cost effective


Frequently Asked Questions (FAQ) :


Table of Content:

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Nanosatellite and Microsatellite Market, by Orbit Type

8.1 Non-Polar Inclined

8.2 Polar

8.3 Sun-Synchronous

 

9. Global Nanosatellite and Microsatellite Market, by End User

9.1 Civil

9.2 Government

9.3 Commercial

9.4 Military

 

10. Global Nanosatellite and Microsatellite Market, by Application

10.1 Communications

10.2 Earth Observation

10.3 Space Science

10.4 Technology Demonstration

10.5 Technology Development

 

11. Global Nanosatellite and Microsatellite Market, by Component

11.1 Hardware

11.2 Software & Data Processing

11.3 Launch Services

11.4 Space Services

 

12. Global Nanosatellite and Microsatellite Market, by Type

12.1 Nanosatellite

12.2 Microsatellite

 

13. Global Nanosatellite and Microsatellite Market, by Vertical

13.1 Government

13.2 Defense

 

14. Regional Analysis

14.1 Introduction

14.2 North America

14.2.1 USA

14.2.2 Canada

14.2.3 Mexico

14.3 Europe

14.3.1 Germany

14.3.2 UK

14.3.3 France

14.3.4 Italy

14.3.5 Spain

14.3.6 The Netherlands

14.3.7 Rest of Europe

14.4 Asia-Pacific

14.4.1 Japan

14.4.2 South Korea

14.4.3 China

14.4.4 India

14.4.5 Australia

14.4.6 Rest of Asia-Pacific

14.5 The Middle East & Africa

14.5.1 Israel

14.5.2 UAE

14.5.3 South Africa

14.5.4 Rest

14.6 Latin America

14.6.1 Brazil

14.6.2 Argentina

14.6.3 Rest of Latin America

 

15.Company Profiles

15.1 Airbus SE

15.1.1 Financial

15.1.2 Products/ Services Offered

15.1.3 SWOT Analysis

15.1.4 The SNS view

 

15.2 The Boeing Company

15.3 Honeywell International Inc.

15.4 Intelsat S.A.

15.5 Lockheed Martin Corporation

15.6 Mitsubishi Electric Corporation

15.7 Northrop Grumman Corporation

15.8 Raytheon Technologies Corporation

15.9 Thales Group

15.10 Viasat, Inc.

 

16. Competitive Landscape

16.1 Competitive Benchmarking

16.2 Market Share analysis

16.3 Recent Developments

 

17. Conclusion

 

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

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