Market Research Logo

Nanosatellite and Microsatellite Market by Component (Hardware, Software & Data Processing, Services, Launch Services), Mass (1 kg-10 kg and 11 kg-100 kg), Application (Earth Observation & Remote Sensing), Vertical - Global Forecast to 2022

Nanosatellite and Microsatellite Market by Component (Hardware, Software & Data Processing, Services, Launch Services), Mass (1 kg-10 kg and 11 kg-100 kg), Application (Earth Observation & Remote Sensing), Vertical - Global Forecast to 2022

“The low manufacturing cost of miniature satellites is one of the key factors expected to drive the growth of the nanosatellite and microsatellite market.”
The nanosatellite and microsatellite market is projected to grow from USD 1.21 billion in 2017 to USD 3.49 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 23.7% during the forecast period. Factors such as the high demand for miniature satellites in Earth observation applications, low manufacturing cost of miniature satellites, and increased investments in nanosatellite and microsatellite technologies are expected to drive the growth of the market. The implementation of stringent regulations pertaining to the increasing number of satellites being launched can restrain the growth of the market.

“Based on component, the service segment is estimated to be the largest segment of the nanosatellite and microsatellite market in 2017.”
Based on component, the service segment is estimated to be the largest segment of the nanosatellite and microsatellite market in 2017. Services offered by companies in the market include planning and satellite design, mission management, engineering services, science services, testing, support, and all such services needed for the efficient operation of nanosatellites and microsatellites. The growth of the services segment can be primarily attributed to the high demand for vendors of nanosatellites and microsatellites that provide support services, in addition to developing and designing miniature satellites.

“Based on application, the Earth observation and remote sensing segment is expected to be the largest segment of the market in 2017.”
The Earth observation and remote sensing segment is estimated to be the largest segment of the nanosatellite and microsatellite market in 2017. The high mobility of nanosatellites and microsatellites, due to their compactness, makes them ideal to forecast disasters with no delay in reporting time and track various weather-related phenomena, such as hurricanes, lightning, polar lights, or natural catastrophes.

Based on vertical, the commercial segment is estimated to be the largest segment of the market in 2017.
Based on vertical, the commercial segment of the nanosatellite and microsatellite market is expected to witness the highest growth in the coming years. Companies operational in the commercial vertical can gather real-time data and distribute it across a wide geographic area to their clients with the help of miniature satellites. Civil, government, and defense are other key verticals wherein nanosatellites and microsatellites are widely used.

“Europe is expected to be the fastest-growing market for nanosatellites and microsatellites during the forecast period”
The nanosatellite and microsatellite market has been studied for North America, Europe, Asia-Pacific (APAC), and RoW. The market in Europe includes the U.K., Russia, Germany, and France, who are rapidly gaining technological leadership in satellite manufacturing. The market for nanosatellites and microsatellites in Europe is expected to witness the highest growth during the forecast period due to the increased demand for missions that provide data for Earth observation and scientific exploration.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the nanosatellite and microsatellite marketplace.
By Company Type: Tier 1: 17%, Tier 2: 33%, and Tier 3: 50%
By Designation: C-Level: 35%, Director Level: 60%, and Others: 5%
By Region: North America: 48%, Europe: 35%, and APAC: 17%

Key vendors profiled in the report are as follows:
1. RUAG Group (Switzerland)
2. Clyde Space Inc., (U.K.)
3. GS Sweden AB (GomSpace) (Denmark)
4. Sierra Nevada Corporation (U.S.)
5. Tyvak, Inc. (U.S.)
6. Lockheed Martin Corporation (U.S.)
7. Raytheon Company (U.S.)
8. PLANET LABS INC. (U.S.)
9. Innovative Solutions In Space (ISIS) (Europe) and
10. SpaceQuest Ltd. (U.S.)

Research Coverage
The nanosatellite and microsatellite market has been segmented based on component, mass, application, vertical, and region. Based on component, the nanosatellite and microsatellite market has been segmented into hardware, software and data processing, service, and launch service. Based on mass, the market has been segmented into 1 kg-10 kg (nanosatellite) and 11 kg-100 kg (microsatellite). Based on application, the nanosatellite and microsatellite market has been segmented into communication, Earth observation and remote sensing, scientific research, biological experiment, technology demonstration and verification, academic training, mapping and navigation, and reconnaissance. Based on vertical, the nanosatellite and microsatellite market has been segmented into government, civil, commercial, defense, energy & infrastructure, and maritime & transportation. Based on region, the nanosatellite and microsatellite market has been segmented into North America, Europe, APAC and RoW (the Middle East & Africa and Latin America).
Key Benefits of Buying the Report:

The report will help market leaders and new entrants in the nanosatellite and microsatellite market in the following ways:
The report will help market leaders/new entrants in this market by providing them the closest approximations of revenues of the nanosatellite and microsatellite market and its subsegments. This report will also help stakeholders better understand the competitor landscape, gain more insight to better position their businesses, and implement suitable go-to-market strategies. The report will help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • RESEARCH ASSUMPTIONS
    • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE NANOSATELLITE AND MICROSATELLITE MARKET
    • NANOSATELLITE AND MICROSATELLITE MARKET, BY COMPONENT
    • NANOSATELLITE AND MICROSATELLITE MARKET, BY APPLICATION
    • NANOSATELLITE AND MICROSATELLITE MARKET, BY VERTICAL AND REGION
    • NANOSATELLITE AND MICROSATELLITE MARKET, BY REGION
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • EVOLUTION
    • NANOSATELLITE AND MICROSATELLITE ARCHITECTURE
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • NANOSATELLITE AND MICROSATELLITE MARKET, BY COMPONENT
    • INTRODUCTION
      • Table NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
    • HARDWARE
      • Table HARDWARE: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SOFTWARE AND DATA PROCESSING
      • Table SOFTWARE AND DATA PROCESSING: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SERVICE
      • Table SERVICE: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • LAUNCH SERVICE
      • Table LAUNCH SERVICE: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • NANOSATELLITE AND MICROSATELLITE MARKET, BY MASS
    • INTRODUCTION
      • Table NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY MASS, 2015-2022 (USD MILLION)
    • 1 KG-10 KG (NANOSATELLITE)
      • Table 1 KG -10 KG (NANOSATELLITE): NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • 11 KG-100 KG (MICROSATELLITE)
      • Table 11 KG-100 KG (MICROSATELLITE): NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • NANOSATELLITE AND MICROSATELLITE MARKET, BY APPLICATION
    • INTRODUCTION
      • Table NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
    • COMMUNICATION
      • Table COMMUNICATION: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • EARTH OBSERVATION AND REMOTE SENSING
      • Table EARTH OBSERVATION AND REMOTE SENSING: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SCIENTIFIC RESEARCH
      • Table SCIENTIFIC RESEARCH: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • BIOLOGICAL EXPERIMENT
      • Table BIOLOGICAL EXPERIMENT: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • TECHNOLOGY DEMONSTRATION AND VERIFICATION
      • Table TECHNOLOGY DEMONSTRATION AND VERIFICATION: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • ACADEMIC TRAINING
      • Table ACADEMIC TRAINING: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • MAPPING AND NAVIGATION
      • Table MAPPING AND NAVIGATION: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • RECONNAISSANCE
      • Table RECONNAISSANCE: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • NANOSATELLITE AND MICROSATELLITE MARKET, BY VERTICAL
    • INTRODUCTION
      • Table NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • GOVERNMENT
      • Table GOVERNMENT: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • CIVIL
      • Table CIVIL: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • COMMERCIAL
      • Table COMMERCIAL: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • DEFENSE
      • Table DEFENSE: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • ENERGY & INFRASTRUCTURE
      • Table ENERGY & INFRASTRUCTURE: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • MARITIME & TRANSPORTATION
      • Table MARITIME & TRANSPORTATION: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • REGIONAL ANALYSIS
    • INTRODUCTION
      • Table NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY MASS, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • EUROPE
      • Table EUROPE: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table EUROPE: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY MASS, 2015-2022 (USD MILLION)
      • Table EUROPE: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • Table EUROPE: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • ASIA-PACIFIC (APAC)
      • Table ASIA-PACIFIC: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table ASIA-PACIFIC: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY MASS, 2015-2022 (USD MILLION)
      • Table ASIA-PACIFIC: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • Table ASIA-PACIFIC: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • REST OF THE WORLD (ROW)
      • Table ROW: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table ROW: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY MASS, 2015-2022 (USD MILLION)
      • Table ROW: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • Table ROW: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
      • VANGUARDS
      • INNOVATORS
      • DYNAMIC
      • EMERGING
    • COMPETITIVE BENCHMARKING
      • PRODUCT OFFERINGS
      • BUSINESS STRATEGIES
  • COMPANY PROFILES
    • RUAG GROUP
      • BUSINESS OVERVIEW
      • RUAG GROUP SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • CLYDE SPACE, INC.
      • BUSINESS OVERVIEW
      • CLYDE SPACE, INC. SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • GS SWEDEN AB (GOMSPACE)
      • BUSINESS OVERVIEW
      • GS SWEDEN AB (GOMSPACE) SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • SIERRA NEVADA CORPORATION
      • BUSINESS OVERVIEW
      • SIERRA NEVADA CORPORATION SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • TYVAK INC.
      • BUSINESS OVERVIEW
      • TYVAK, INC. SCORECARD
      • BUSINESS STRATEGIES
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • LOCKHEED MARTIN CORPORATION
      • BUSINESS OVERVIEW
      • LOCKHEED MARTIN CORPORATION SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • RAYTHEON COMPANY
      • BUSINESS OVERVIEW
      • RAYTHEON COMPANY SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • PLANET LABS, INC.
      • BUSINESS OVERVIEW
      • PLANET LABS, INC. SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • INNOVATIVE SOLUTIONS IN SPACE
      • BUSINESS OVERVIEW
      • INNOVATIVE SOLUTIONS IN SPACE SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • SPACEQUEST LTD.
      • BUSINESS OVERVIEW
      • SPACEQUEST LTD.SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
  • KEY INNOVATORS
    • SKY AND SPACE GLOBAL LTD.
    • KEPLER COMMUNICATION, INC.
    • ELSE SA
    • AXELSPACE CORPORATION
    • DAURIA AEROSPACE
  • APPENDIX
    • INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report