
Nanosatellite and Microsatellite Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Nanosatellite and Microsatellite Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global nanosatellite and microsatellite market size reached US$ 2.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.2 Billion by 2028, exhibiting a growth rate (CAGR) of 19.7% during 2023-2028.
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:
IMARC Group provides an analysis of the key trends in each sub-segment of the global nanosatellite and microsatellite market report, along with forecasts at the global, regional and country level from 2023-2028. 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:
What is the size of the global nanosatellite and microsatellite market in 2022?
What is the expected growth rate of the global nanosatellite and microsatellite market during 2023-2028?
What are the key factors driving the global nanosatellite and microsatellite market?
What has been the impact of COVID-19 on the global nanosatellite and microsatellite market?
What is the breakup of the global nanosatellite and microsatellite market based on the satellite mass?
What is the breakup of the global nanosatellite and microsatellite market based on the component?
What is the breakup of the global nanosatellite and microsatellite market based on the application?
What is the breakup of the global nanosatellite and microsatellite market based on the end-use sector?
What are the key regions in the global nanosatellite and microsatellite market?
Who are the key companies/players in the global nanosatellite and microsatellite market?
Market Overview:
The global nanosatellite and microsatellite market size reached US$ 2.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.2 Billion by 2028, exhibiting a growth rate (CAGR) of 19.7% during 2023-2028.
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:
IMARC Group provides an analysis of the key trends in each sub-segment of the global nanosatellite and microsatellite market report, along with forecasts at the global, regional and country level from 2023-2028. 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:
What is the size of the global nanosatellite and microsatellite market in 2022?
What is the expected growth rate of the global nanosatellite and microsatellite market during 2023-2028?
What are the key factors driving the global nanosatellite and microsatellite market?
What has been the impact of COVID-19 on the global nanosatellite and microsatellite market?
What is the breakup of the global nanosatellite and microsatellite market based on the satellite mass?
What is the breakup of the global nanosatellite and microsatellite market based on the component?
What is the breakup of the global nanosatellite and microsatellite market based on the application?
What is the breakup of the global nanosatellite and microsatellite market based on the end-use sector?
What are the key regions in the global nanosatellite and microsatellite market?
Who are the key companies/players in the global nanosatellite and microsatellite market?
Table of Contents
141 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Nanosatellite and Microsatellite Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Satellite Mass
- 6.1 Nanosatellite (1kg to 10kg)
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Microsatellite (10kg to 100kg)
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 7 Market Breakup by Component
- 7.1 Hardware
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Software and Data Processing
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Space Services
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Launch Services
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 8 Market Breakup by Application
- 8.1 Communication
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Earth Observation and Remote Sensing
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Scientific Research
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Biological Experiments
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Technology Demonstration and Verification
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Academic Training
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 8.7 Mapping and Navigation
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
- 8.8 Reconnaissance
- 8.8.1 Market Trends
- 8.8.2 Market Forecast
- 8.9 Others
- 8.9.1 Market Trends
- 8.9.2 Market Forecast
- 9 Market Breakup by End-Use Sector
- 9.1 Government
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Civil
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Commercial
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Defense
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Energy and Infrastructure
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Others
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
- 10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.2 Asia Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
- 11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
- 12 Value Chain Analysis
- 13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
- 14 Price Indicators
- 15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 AAC Clyde Space
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.2 Axelspace Corporation
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Berlin Space Technologies
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.4 GomSpace
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.5 ISISPACE Group
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.6 L3harris Technologies Inc.
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.7 Lockheed Martin Corporation
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Planet Labs Tb Inc.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 Spacequest Ltd.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 Spire Inc.
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis
- 15.3.11 Surrey Satellite Technology
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.12 Tyvak Nano-Satellite Systems, Inc.
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
Pricing
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