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Global Nano and Microsatellite Market 2016-2020

Global Nano and Microsatellite Market 2016-2020

About Nano and Microsatellites

Nano and microsatellites are earth-orbiting devices that have lower mass and lesser physical dimensions as compared to a conventional satellite, such as a geostationary satellite. Owing to technological advancements, as well as advances in space research, these satellites have emerged as an important tool for applications such as wireless communications networks, data gathering, scientific observations, and global positioning systems (GPS).

Technavio’s analysts forecast the global nano and microsatellite market to grow at a CAGR of 22.95% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global nano and microsatellite market for 2016-2020. To calculate the market size, the report presents the market landscape and a corresponding detailed analysis of the five major vendors operating in the market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Nano and Microsatellite Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Dauria Aerospace
  • Deep Space Industries
  • Innovative Solutions In Space
  • Lockheed Martin
  • SpaceQuest
Other prominent vendors
  • Clyde Space
  • GeoOptics
  • Planet Labs
  • Raytheon
  • RUAG Space
  • Terra Bella
  • Spire Global
  • Terran Orbital
Market driver
  • Cost-effective solution as compared to bigger satellites
  • For a full, detailed list, view our report
Market challenge
  • Design and manufacturing constraints
  • For a full, detailed list, view our report
Market trend
  • Introduction of lightweight power amplifiers
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global NANO and Microsatellite Market 2016-2020

Technavio recognizes the following companies as the key players in the global NANO and microsatellite market: Dauria Aerospace, Deep Space Industries, Innovative Solutions In Space, Lockheed Martin, and SpaceQuest.

Other Prominent Vendors in the market are: Clyde Space, GeoOptics, Planet Labs, Raytheon, RUAG Space, Terra Bella, Spire Global, and Terran Orbital.

Commenting on the report, an analyst from Technavio’s team said: “Miniaturization has been one of the major trends in almost every sector, and microsatellites are no exception. Making radar cameras smaller, which conventionally weigh 110-440 pounds, will result in an overall reduction in weight of the satellites. A team of researchers at NTU developed a new technology which can be directed toward miniaturization of radar cameras and can be implemented in microsatellites. With the new technology, radar cameras can be made small enough to fit in the palm of the human hand.”

According to the report, one of the key drivers for market growth will be cost-effective solution as compared to bigger satellites. One of the advantages of the nano and microsatellites in comparison to the conventional large satellites is their financial viability with respect to the manufacturing and launching procedures. Thus, a constellation of such satellites can be utilized to provide low-cost solutions. However, the use of large satellites for the same purpose would otherwise cost tens of millions of dollars. The cost to build a nano or microsatellite is almost negligible in comparison to the traditional large-scale satellite. These nano and microsatellites mostly use the hardware and software already developed and mainly used by the tech industry.

Further, the report states that each satellite's development and manufacturing has its own set of challenges as it has to withstand the exposure to the space environment and launch events. The challenges in the design and manufacturing of nano and microsatellites arise because of the need to reduce the weight and size while providing a high level of performance and reliability. For example, the antennas for nano and microsatellites have to be miniaturized to fit into the satellite system, which, however, reduces the signal strength. Many of the current miniaturized satellites used for science missions or technological demonstrations are designed for short mission life and use off-the-shelf electronics to lower costs.



Companies Mentioned

Dauria Aerospace, Deep Space Industries, Innovative Solutions In Space, Lockheed Martin, SpaceQuest, Clyde Space, GeoOptics, Planet Labs, Raytheon, RUAG Space, Terra Bella, Spire Global, Terran Orbital.

  • Executive summary
    • Highlights
    • Key takeaways
      • Table Key takeaways of the global nano and microsatellite market
    • Key buying criteria
      • Table Key buying criteria for nano and microsatellites
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product and service offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Patent analysis
      • Table Types of satellites
      • Table CubeSats launched per year 2005-2013
      • Table Nano satellites launched in 2014 (in units)
  • Market landscape
    • Market overview
      • Table Segmentation of global nano and microsatellites market
    • Market size and forecast
      • Table Global nano and microsatellites market 2015-2020 ($ billions)
      • Table Global nano and microsatellites market: Satellite launches 2015-2020
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Segmentation of global nano and microsatellite market by application
      • Table Segmentation of global nano and microsatellite market by application 2015
  • Market segmentation by end-users
    • Segmentation of global nano and microsatellite market by endusers
      • Table Segmentation of global nano and microsatellite market by end-users 2015-2020
    • Commercial nano and microsatellite market
      • Table Commercial nano and microsatellite market 2015- 2020 ($ millions)
    • Civil and government nano and microsatellite market
      • Table Civil and government nano and microsatellite market 2015-2020 ($ millions)
    • Military and defense nano and microsatellite market
      • Table Military and defense nano and microsatellite market 2015-2020 ($ millions)
  • Geographical segmentation
    • Geographical segmentation of global nano and microsatellite market
      • Table Geographical segmentation of global nano and microsatellite market 2015-2020 ($ millions)
    • Nano and microsatellite market in EMEA
      • Table Nano and microsatellite market in EMEA 2015-2020 ($ millions)
      • Table Nano satellites launched in EMEA in 2014 (in units)
    • Nano and microsatellite market in Americas
      • Table Nano and microsatellite market in Americas 2015-2020 ($ millions)
    • Nano and microsatellite market in APAC
      • Table Nano and microsatellite market in APAC 2015-2020 ($ millions)
  • Market drivers
    • Growing demand in commercial applications
    • Increasing use in military and defense applications
    • Cost-effective solution as compared to bigger satellites
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Design and manufacturing constraints
    • Growing issues of space debris and deorbiting
    • Launch delays
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Introduction of lightweight power amplifiers
    • Miniaturization of radar cameras
    • Use of nano and microsatellites for maintenance of bigger satellites
  • Vendor landscape
    • Competitive landscape
      • Table List of vendors in global nano and microsatellite market 2015
    • Dauria Aerospace
      • Table Dauria Aerospace: Product portfolio
    • Deep Space Industries
      • Table Deep Space Industries: Product and service portfolio
    • Innovative Solutions In Space
      • Table Innovative Solutions In Space: Product and service portfolio
    • Lockheed Martin
      • Table Lockheed Martin: Business segmentation by revenue 2015
      • Table Lockheed Martin: Product portfolio
    • SpaceQuest
      • Table SpaceQuest: Product and service portfolio
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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