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 nanosatellite and microsatellite market is projected to grow from an estimated 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, from 2017 to 2022. The base year considered for the study is 2016.

Objectives of the study:

• To determine and forecast the global nanosatellite and microsatellite market based on component, mass, application, vertical, and region from 2017 to 2022, and analyse the various macro and micro-economic factors that affect market growth
• To forecast the size of market segments with respect to four main regions, namely, North America, Europe, Asia-Pacific (APAC), and RoW (Middle East & Africa (MEA) and Latin America)
• To provide detailed information regarding the major factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the market
• To strategically analyse each submarket with respect to individual growth trends, prospects, and contribution to the total market
• To analyse the opportunities in the market for stakeholders by identifying high-growth segments of the nanosatellite and microsatellite market
• To profile key market players, provide comparative analysis based on business overviews, product offerings, regional presence, business strategies, key financials, with the help of in-house statistical tools to understand the competitive landscape
• To track and analyze competitive developments, such as mergers & acquisitions, product developments, partnerships & collaborations, and Research & Development (R&D) activities in the market

The research methodology used to estimate and forecast the nanosatellite and microsatellite market size begins with the capturing of data of key vendor revenues through secondary research such as annual reports, white papers, certified publications, databases such as Factiva and Hoovers, press releases, and investor presentations of nanosatellite and microsatellite solutions and service vendors, as well as articles from recognized industry associations, statistics bureaus, and government publishing sources. Vendor offerings were also taken into consideration to determine the market segmentations. The bottom-up procedure was employed to arrive at the overall global nanosatellite and microsatellite market size from the revenues of the key market players. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key individuals, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

The breakdown of the profiles of the primary participants is depicted in the figure below:

To know about the assumptions considered for the study, download the pdf brochure

The nanosatellite and microsatellite market ecosystem includes key players, such as the RUAG Group (Switzerland), Clyde Space Inc., (U.K.), GS Sweden AB (GomSpace) (Denmark), Sierra Nevada Corporation (U.S.), Tyvak, Inc. (U.S.), Lockheed Martin Corporation (U.S.), Raytheon Company (U.S.), PLANET LABS INC. (U.S.), Innovative Solutions In Space (ISIS) (Europe), and SpaceQuest Ltd. (U.S.), who provide solutions and services required in nanosatellites and microsatellites.

Key Target Audience

• Satellite Component Manufacturers
• Satellite Manufacturers
• Satellite Integrators
• System Integrators
• Professional Service Providers
• Launch Service Providers
• Ground Station Operators
• Government and Civil Organizations Related to the Market
• Small Satellite Companies
• Payload Suppliers
• Aerospace Companies
• Security Companies
• Scientific Institutions
• Meteorological organizations
• Component Suppliers
• Contractors
• Technologists
• R&D Staff
• Consultants

Scope of the Report

The research report categorizes the nanosatellite and microsatellite market to forecast the revenues and analyze the trends in each of the following subsegments:

By Component

• Hardware
• Software and Data Processing
• Service
• Launch Service

By Mass

• 1 kg-10 kg (Nanosatellite)
• 11 kg-100 kg (Microsatellite)

By Application

• Communication
• Earth Observation and Remote Sensing
• Scientific Research
• Biological Experiments
• Technology Demonstration and Verification
• Academic Training
• Mapping and Navigation
• Reconnaissance

By Vertical

• Government
• Civil
• Commercial
• Defense
• Energy and Infrastructure
• Maritime and Transportation

By Region

• North America
• Europe
• Asia-Pacific (APAC)
• RoW

Available Customizations

Along with the given market data, MarketsandMarkets offers customization as per the company’s specific requirements. The following customization options are available for the report:

Geographic Analysis

• Further country-level breakdown of the North America nanosatellite and microsatellite market
• Further country-level breakdown of the Europe market
• Further country-level breakdown of the APAC market
• Further country-level breakdown of the RoW market

Company Information

• Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 28)
    4.1 Attractive Opportunities in Nanosatellite and Microsatellite Market
    4.2 Market By Component
    4.3 Market By Application
    4.4 Market By Vertical and Region
    4.5 Market By Region

5 Market Overview and Industry Trends (Page No. - 31)
    5.1 Introduction
    5.2 Evolution
    5.3 Nanosatellite and Microsatellite Architecture
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Low Manufacturing Cost of Miniature Satellites
                    5.4.1.2 High Demand for Miniature Satellites in Earth Observation Application
                    5.4.1.3 Increased Investments in Nanosatellite & Microsatellite Technologies
           5.4.2 Restraints
                    5.4.2.1 Implementation of Regulations for Increasing Number of Satellites Being Launched
           5.4.3 Opportunities
                    5.4.3.1 Internet Access for Areas Without Broadband Connectivity
                    5.4.3.2 Advancements in Space Technologies
                    5.4.3.3 Increased Demand for Satellites in Various Application Areas
           5.4.4 Challenges
                    5.4.4.1 Lack of Dedicated Launch Vehicles for Launching Miniature Satellites Into Space
                    5.4.4.2 Issues Related to Space Debris

6 Nanosatellite and Microsatellite Market, By Component (Page No. - 37)
    6.1 Introduction
    6.2 Hardware
    6.3 Software and Data Processing
    6.4 Service
    6.5 Launch Service

7 Market By Mass (Page No. - 42)
    7.1 Introduction
    7.2 1 Kg–10 Kg (Nanosatellite)
    7.3 11 Kg–100 Kg (Microsatellite)

8 Nanosatellite and Microsatellite Market, By Application (Page No. - 46)
    8.1 Introduction
    8.2 Communication
    8.3 Earth Observation and Remote Sensing
    8.4 Scientific Research
    8.5 Biological Experiment
    8.6 Technology Demonstration and Verification
    8.7 Academic Training
    8.8 Mapping and Navigation
    8.9 Reconnaissance

9 Nanosatellite and Microsatellite Market, By Vertical (Page No. - 54)
    9.1 Introduction
    9.2 Government
    9.3 Civil
    9.4 Commercial
    9.5 Defense
    9.6 Energy & Infrastructure
    9.7 Maritime & Transportation

10 Regional Analysis (Page No. - 60)
     10.1 Introduction
     10.2 North America
     10.3 Europe
     10.4 Asia-Pacific
     10.5 Rest of the World (RoW)

11 Competitive Landscape (Page No. - 76)
     11.1 Introduction
             11.1.1 Vanguards
             11.1.2 Innovators
             11.1.3 Dynamic
             11.1.4 Emerging
     11.2 Competitive Benchmarking
             11.2.1 Product Offerings
             11.2.2 Business Strategies

12 Company Profiles (Page No. - 80)
(Business Overview, Product Offerings & Business Strategies, Key Insights, Recent Developments, MnM View)*
     12.1 Ruag Group
     12.2 Clyde Space, Inc.
     12.3 GS Sweden AB (Gomspace)
     12.4 Sierra Nevada Corporation
     12.5 Tyvak Inc.
     12.6 Lockheed Martin Corporation
     12.7 Raytheon Company
     12.8 Planet Labs, Inc.
     12.9 Innovative Solutions in Space
     12.10 Spacequest Ltd.

*Details on Business Overview, Product Offerings & Business Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Key Innovators (Page No. - 115)
     13.1 Sky and Space Global Ltd.
     13.2 Kepler Communications, Inc.
     13.3 Else SA
     13.4 Axelspace Corporation
     13.5 Dauria Aerospace

14 Appendix (Page No. - 117)
     14.1 Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details

List of Tables (41 Tables)

Table 1 Nanosatellite and Microsatellite Market Size, By Component, 2015–2022 (USD Million)
Table 2 Hardware Component: Market Size, By Region, 2015–2022 (USD Million)
Table 3 Software and Data Processing Component: Market Size, By Region, 2015–2022 (USD Million)
Table 4 Service Component: Market Size, By Region, 2015–2022 (USD Million)
Table 5 Launch Service Component: Market Size, By Region, 2015–2022 (USD Million)
Table 6 Market Size, By Mass, 2015–2022 (USD Million)
Table 7 1 Kg -10 Kg (Nanosatellite): Market Size, By Region, 2015–2022 (USD Million)
Table 8 11 Kg–100 Kg (Microsatellite): Market Size, By Region, 2015–2022 (USD Million)
Table 9 Market Size, By Application, 2015-2022 (USD Million)
Table 10 Communication Application: Market Size, By Region, 2015-2022 (USD Million)
Table 11 Earth Observation and Remote Sensing Application: Market Size, By Region, 2015-2022 (USD Million)
Table 12 Scientific Research Application: Market Size, By Region, 2015-2022 (USD Million)
Table 13 Biological Experiment Application: Market Size, By Region, 2015-2022 (USD Million)
Table 14 Technology Demonstration and Verification Application: Market Size, By Region, 2015-2022 (USD Million)
Table 15 Academic Training Application: Market Size, By Region, 2015-2022 (USD Million)
Table 16 Mapping and Navigation Application: Market Size, By Region, 2015-2022 (USD Million)
Table 17 Reconnaissance Application: Market Size, By Region, 2015-2022 (USD Million)
Table 18 Nanosatellite and Microsatellite Market Size, By Vertical, 2015-2022 (USD Million)
Table 19 Government Vertical: Market Size, By Region, 2015-2022 (USD Million)
Table 20 Civil Vertical: Market Size, By Region, 2015-2022 (USD Million)
Table 21 Commercial Vertical: Market Size, By Region, 2015-2022 (USD Million)
Table 22 Defense Vertical: Market Size, By Region, 2015-2022 (USD Million)
Table 23 Energy & Infrastructure Vertical: Market Size, By Region, 2015-2022 (USD Million)
Table 24 Maritime & Transportation Vertical: Market Size, By Region, 2015-2022 (USD Million)
Table 25 Nanosatellite and Microsatellite Market Size, By Region, 2015-2022 (USD Million)
Table 26 North America: Market Size, By Component, 2015-2022 (USD Million)
Table 27 North America: Market Size, By Mass, 2015-2022 (USD Million)
Table 28 North America: Market Size, By Application, 2015-2022 (USD Million)
Table 29 North America: Market Size, By Vertical, 2015-2022 (USD Million)
Table 30 Europe: Market Size, By Component, 2015-2022 (USD Million)
Table 31 Europe: Market Size, By Mass, 2015-2022 (USD Million)
Table 32 Europe: Market Size, By Application, 2015-2022 (USD Million)
Table 33 Europe: Market Size, By Vertical, 2015-2022 (USD Million)
Table 34 Asia-Pacific: Nanosatellite and Microsatellite Market Size, By Component, 2015-2022 (USD Million)
Table 35 Asia-Pacific: Market Size, By Mass, 2015-2022 (USD Million)
Table 36 Asia-Pacific: Market Size, By Application, 2015-2022 (USD Million)
Table 37 Asia-Pacific: Market Size, By Vertical, 2015-2022 (USD Million)
Table 38 RoW: Market Size, By Component, 2015-2022 (USD Million)
Table 39 RoW: Market Size, By Mass, 2015-2022 (USD Million)
Table 40 RoW: Market Size, By Application, 2015-2022 (USD Million)
Table 41 RoW: Market Size, By Vertical, 2015-2022 (USD Million)

List of Figures (51 Figures)

Figure 1 Nanosatellite and Microsatellite Market: Research Design
Figure 2 Breakdown of Primary Interview: By Company Type, Designation, and Region
Figure 3 Data Triangulation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Assumptions
Figure 7 Global Nanosatellite and Microsatellite Market: Regional Snapshot
Figure 8 1kg-10kg (Nanosatellite) Segment to Record Higher Growth During Forecast Period (USD Million)
Figure 9 Commercial Vertical to Record Highest Growth During Forecast Period (USD Million)
Figure 10 Earth Observation and Remote Sensing Application to Record Highest Growth During Forecast Period (USD Million)
Figure 11 Low Manufacturing Cost of Miniature Satellites to Drive Market Growth During Forecast Period
Figure 12 Software and Data Processing Component to Record Highest Growth During Forecast Period (USD Million)
Figure 13 Earth Observation and Remote Sensing Application to Record Highest Growth During Forecast Period (USD Million)
Figure 14 Commercial Segment and North America to Dominate Market in 2017
Figure 15 Europe to Record Highest Growth During Forecast Period (USD Million)
Figure 16 Evolution: Market
Figure 17 Nanosatellite and Microsatellite Architecture
Figure 18 Nanosatellite and Microsatellite Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Software and Data Processing Component to Record Highest Growth During Forecast Period (USD Million)
Figure 20 Market, By Mass, 2017 & 2022 (USD Million)
Figure 21 Earth Observation and Remote Sensing Application to Record Highest Growth During Forecast Period (USD Million)
Figure 22 Commercial Vertical to Record Highest Growth During Forecast Period (USD Million)
Figure 23 North America to Dominate Global Market During Forecast Period (USD Million)
Figure 24 Global Market Snapshot: Europe to Record Highest Growth During Forecast Period
Figure 25 North America: Nanosatellite and Microsatellite Market Snapshot
Figure 26 Europe: Market Snapshot
Figure 27 Dive Chart
Figure 28 Ruag Group: Company Snapshot
Figure 29 Ruag Group: Product Offerings Scorecard
Figure 30 Ruag Group: Business Strategies Scorecard
Figure 31 Clyde Space, Inc.: Product Offerings Scorecard
Figure 32 Clyde Space, Inc.: Business Strategies Scorecard
Figure 33 GS Sweden AB (Gomspace): Company Snapshot
Figure 34 GS Sweden AB (Gomspace): Product Offerings Scorecard
Figure 35 GS Sweden AB (Gomspace): Business Strategies Scorecard
Figure 36 Sierra Nevada Corporation: Product Offerings Scorecard
Figure 37 Sierra Nevada Corporation: Business Strategies Scorecard
Figure 38 Tyvak, Inc.: Product Offerings Scorecard
Figure 39 Tyvak, Inc.: Business Strategies Scorecard
Figure 40 Lockheed Martin Corporation: Company Snapshot
Figure 41 Lockheed Martin Corporation: Product Offerings Scorecard
Figure 42 Lockheed Martin Corporation: Business Strategies Scorecard
Figure 43 Raytheon Company: Company Snapshot
Figure 44 Raytheon Company: Product Offerings Scorecard
Figure 45 Raytheon Company: Business Strategies Scorecard
Figure 46 Planet Labs, Inc.: Product Offerings Scorecard
Figure 47 Planet Labs, Inc.: Business Strategies Scorecard
Figure 48 Innovative Solutions in Space: Product Offerings Scorecard
Figure 49 Innovative Solutions in Space: Business Strategies Scorecard
Figure 50 Spacequest Ltd.: Product Offerings Scorecard
Figure 51 Spacequest Ltd.: Business Strategies Scorecard

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% from 2017 to 2022. The major factors expected to drive the growth of the market include the low manufacturing cost of miniature satellites, high demand for miniature satellites for earth observation applications, and increased investments in nanosatellite and microsatellite technologies.

The nanosatellite and microsatellite market has been segmented based on mass into 1kg-10kg (nanosatellite) and 11kg-100kg (microsatellite). The 1kg-10kg (nanosatellite) segment is expected to witness the highest growth during the forecast period. Based on application, the 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. The Earth observation and remote sensing segment is expected to be the fastest-growing segment of the market during the forecast period. Based on component, the market has been segmented into hardware, software and data processing, service, and launch service. The software and data processing segment is expected to witness the highest growth during the forecast period.  Based on vertical, the market has been segmented into government, civil, commercial, defense, energy & infrastructure, and maritime & transportation.

North America is expected to be the largest market for nanosatellites and microsatellites during the forecast period, owing to the high demand from NASA and the U.S. Department of Defense, as well as research organizations and companies in the telecommunication sector. The nanosatellite and microsatellite market in Europe is expected to witness the highest growth during the forecast period, due to an increase in the demand for miniature satellites in missions to obtain data pertaining to Earth observation and scientific exploration. The European Space Agency (ESA) and other national space agencies are expected to launch nanosatellites and microsatellites to gather data on climate monitoring, disaster management, navigation, and surveillance.

The implementation of stringent regulations by the International Telecommunication Union (ITU), an organization that regulates orbital slots and radio frequencies, can restrain the growth of the market in the near future. Key players in the nanosatellite and microsatellite market include the RUAG Group (Switzerland), Clyde Space, Inc. (U.K.), GS Sweden AB (GomSpace) (Denmark), Sierra Nevada Corporation (U.S.), PLANET LABS, INC. (U.S.), TYVAK INC. (U.S.), Lockheed Martin Corporation (U.S.), Raytheon Company (U.S.), Innovative Solutions In Space (Netherlands), and Spacequest Ltd. (U.S.). These companies are focusing on the development of nanosatellites and microsatellites in collaboration with dedicated launch service providers.

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