Nanosatellite and Microsatellite Market

Nanosatellite and Microsatellite Market by Component (Hardware, Software & Data Processing, Launch Services), Type (Nanosatellite and Microsatellite), Application, Vertical (Government, Defense, Civil), and Region - Global Forecast to 2025

Report Code: TC 2267 Jul, 2020, by marketsandmarkets.com

[236 Pages Report]The global nanosatellite and microsatellite market size is expected to grow from USD 1.8 billion in 2020 to USD 4.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.3% during the forecast period. The satellites are used for several applications, such as communication, earth observation and remote sensing, scientific research, biological experiments, academic training, reconnaissance, and various other applications by the defense, intelligence, civil, commercial, and/or government. Continuous advancements in the miniaturization of technologies, such as electronics, low-mission costs, and the increasing use of satellite constellations, are major drivers of the market.

Nanosatellite and Microsatellite Market

Impact of COVID-19 on Nanosatellite and Microsatellite Market

The ongoing crises caused by the outbreak of the COVID-19 is creating disruptions across all sectors in the economy, with each sector impacted in different ways. Major economies have come to a standstill with strict lockdown policies being imposed across the world.

Although the space industry is less exposed than other industries, such as travel, commercial aviation, and others, it still had to face several challenges due to the operational impacts of COVID-19, such as delayed launches and disrupted supply chain of critical parts. Cash flows and finance-related issues for SMEs and startups pose risks to business continuity. Government-funded space exploration programs have a direct impact on financing as governments have reallocated their budget for other essential services. Private investments have reduced significantly in satellite manufacturing and access to space launches. In 2019, about 170 space startups attracted USD 5.7 billion in total funding. Investments have reduced significantly in 2020. Softbank’s shutdown of OneWeb Project indicates lower confidence of venture capitalists on the space industry during these uncertain times. Administration shutdown of spaceports around the world, except China and Russia, is potentially delaying the launches.

As per our primary respondents, the demand for earth observation and satellite communication has increased over the period due to the increased focus of governments to control the pandemic and increase in demand for big data and analytics services. The demand for the supply of space surveillance data is expected to stay sustained during and after the pandemic.

Driver: Increasing demand for LEO-based services

The demand for LEO-based services, availability of funding, high-speed broadband, growth of governments in industrialized countries, and the need for low-cost broadband among individual consumers in less developed countries is driving the market of nanosatellites and microsatellites.

Restraint: Limited access to space

Current options for small satellite launches are limited as small satellites are most often rideshare either as secondary payloads on rockets launching large satellites or carrying cargo to the International Space Station (ISS). These options impose restrictions in terms of the integration and launch schedules, orbit destinations, and loss of flexibility with respect to subsystems in small satellites.

Some companies act as launch brokers, purchasing entire launches from organizations, such as SpaceX and Indian Space Research Organization (ISRO), to sell slots to individual small satellite operators, sometimes as part of their manufacturing and turnkey operations contracts.

Opportunity: Rising demand for Earth observation related application

Earth observation services majorly cover the monitoring of agricultural fields, detection of climatic changes, disaster mitigation, meteorology, and several other resources. The requirement of high-resolution Earth imaging has increased for precise management of land, water, and forest resources. Agencies are focusing on the active use of satellite imagery to study the impact of COVID-19 on air quality and atmosphere. The use of space-based inputs is proving extremely useful for disaster forewarning as well as post-disaster management.

Challenge: Raising capital and funding of satellite manufacturing and launch

According to NASA, the whole mission requires approximately USD 10 million to launch small satellites into the Earth’s orbit. The failure to obtain capital from investors could possibly delay or cancel satellite programs. Several new satellite startups find it challenging to raise the required capital for their space mission. Uncertainty in global financial markets amid COVID-19 creates mixed results for funding in the satellite services sector business.

Based on the component, the hardware segment to hold the largest market size during the forecast period

Nanosatellites are cheaper to build and launch in space than traditional satellites. They further provide a cost-effective platform for training and research, especially for countries where heavy investments in the space industry can hinder satellite development and launch. Constant innovations and technological advances, such as the miniaturization of electronics, are expected to boost the commercial sector significantly, affecting the proportion of nanosatellite launches during the next couple of years.

Commercial vertical to hold the largest market size during the forecast period

Nanosatellites or microsatellites help commercial companies gather global real-time data and distribute the same at surprisingly low prices to customers across a wide geographic area. Nanosatellites and microsatellites are used for commercial purposes, such as communication, in the form of voice, data, and videos, internet communication, and video chat. Between 2013 and 2017, almost half the nanosatellites were launched for military or civil missions and the remaining half for business purposes. The outlook for the next few years is expected to be different. According to Alιn Space, by 2022, up to 75% of all nanosatellites will be launched into the planet’s orbit for commercial reasons.

Nanosatellite and Microsatellite Market by Region

North America to hold the largest market size during the forecast period

North America leads in the adoption of the nanosatellites and microsatellites and provides great opportunities for the growth of the nanosatellite and microsatellite market. The presence of large space organizations and private companies specializing in cutting edge satellite technologies creates a huge demand for satellite image-based applications for business use is projected to drive the market in North America. The region has always been an early adopter of new technology or software, and the North American market grows at a faster rate initially as compared to any other region. Furthermore, to meet the growing business need, a growing number of nanosatellite and microsatellite missions are being undertaken via missions by Nation Aeronautics and Space Administration (NASA) and other private space agencies. The US and Canada are developing new knowledge and cutting-edge technology to boost innovation of nanosatellites and microsatellites.

Key Market Players

Major vendors in the nanosatellite and microsatellite market include GomSpace (Denmark), Lockheed Martin (US), L3Harris (US), Sierra Nevada Corporation (US), AAC Clyde Space (Scotland), Planet Labs (US), Tyvak (US), NanoAvionics (US), Innovative Solutions In Space (Netherlands), SpaceQuest (US), Raytheon (US), RUAG (Switzerland), Surrey Satellite Technology Limited (England), Dauria Aerospace (Russia), Axelspace Corporation (Japan), Sky and Space Global (UK), Kepler (Canada), GAUSS' (Italy), SpaceWorks Enterprises (US), and Berlin Space Technologies (Germany), Spire Global (US), Pumpkin Inc.(US) Northrop grumman corporation (US), Dynetics (US), Satellogic (Argentina).

Scope of the Report:

Report Metric

Details

Market size available for years

2015–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD)

Segments covered

Component (Hardware, Software and Data Processing, Space Services, and Launch Services), Type (Nanosatellite and Microsatellite), Application (Communication, Earth Observation and Remote Sensing, Scientific Research, Biological Experiment, Technology Demonstration and Verification, Academic Training, Mapping and Navigation, and Reconnaissance), Vertical (Government, Civil, Commercial, Defense, Energy and Infrastructure, and Maritime and Transportation)

Geographies covered

North America, APAC, Europe, and RoW

Companies covered

GomSpace (Denmark), Lockheed Martin (US), L3Harris (US), Sierra Nevada Corporation (US), AAC Clyde Space (Scotland), Planet Labs (US), Tyvak (US), NanoAvionics (US), Innovative Solutions In Space (Netherlands), SpaceQuest (US), Raytheon (US), RUAG (Switzerland), Surrey Satellite Technology Limited (England), Dauria Aerospace (Russia), Axelspace Corporation (Japan), Sky and Space Global (UK), Kepler (Canada), GAUSS' (Italy), SpaceWorks Enterprises (US), and Berlin Space Technologies (Germany), Spire Global (US), Pumpkin Inc (US). Northrop Grumman Corporation (US), Dynetics (US), Satellogic (Argentina)

The research report categorizes the nanosatellite and microsatellite market based on the type, application, organization size, vertical, and region.

By Component

  • Hardware
  • Software and Data Processing
  • Space Services
  • Launch Services

By Type

  • Nanosatellite
  • 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
  • APAC
  • RoW

Recent Developments:

  • In June 2019, GomSpace signed a development contract with the European Space Agency (ESA) for the initiation of a new GOMX-5 satellite mission. The purpose of the mission is to demonstrate new nanosatellite capabilities for the next generation of constellations requiring high-speed communication links and high levels of maneuverability.
  • In February 2019, Myriota partnered with Tyvak to develop and launch multiple satellites in 2019, taking Myriota another step toward its goal of having a constellation of 50 nanosatellites.
  • In April 2018, Lockheed Martin and Rovsing collaborated to bring better solar simulators in the market to service the increasing demand for a range of spacecraft sizes. Solar simulation equipment tests power and electrical systems for all spacecraft.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 25)
    1.1 INTRODUCTION TO COVID-19
    1.2 COVID-19 HEALTH ASSESSMENT
        FIGURE 1 COVID-19: THE GLOBAL PROPAGATION
        FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIE
    1.3 COVID-19 ECONOMIC ASSESSMENT
        FIGURE 3 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
           1.3.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT
                 FIGURE 4 CRITERIA IMPACTING THE GLOBAL ECONOMY
                 FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY
    1.4 OBJECTIVES OF THE STUDY
    1.5 MARKET DEFINITION
    1.6 MARKET SCOPE
           1.6.1 MARKET SEGMENTATION
           1.6.2 YEARS CONSIDERED FOR THE STUDY
    1.7 CURRENCY CONSIDERED
    1.8 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA
        FIGURE 6 NANOSATELLITE AND MICROSATELLITE MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakup of primary profiles
                    2.1.2.2 Key industry insights
    2.2 MARKET BREAKUP AND DATA TRIANGULATION
    2.3 MARKET SIZE ESTIMATION
        FIGURE 7 NANOSATELLITE AND MICROSATELLITE MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES
           2.3.1 TOP-DOWN APPROACH
           2.3.2 BOTTOM-UP APPROACH
    2.4 MARKET FORECAST
        FIGURE 8 FACTOR ANALYSIS
    2.5 COMPETITIVE LEADERSHIP MAPPING METHODOLOGY
        FIGURE 9 COMPETITIVE LEADERSHIP MAPPING: CRITERIA WEIGHTAGE
    2.6 ASSUMPTIONS FOR THE STUDY
    2.7 LIMITATIONS OF THE STUDY

3 EXECUTIVE SUMMARY (Page No. - 44)
  FIGURE 10 TOP THREE LEADING SEGMENTS IN THE NANOSATELLITE AND MICROSATELLITE MARKET IN 2020
  FIGURE 11 MARKET, TOP THREE SEGMENTS, 2020
  FIGURE 12 NANOSATELLITE SEGMENT TO ACCOUNT FOR A HIGHER MARKET SHARE IN 2020

4 PREMIUM INSIGHTS (Page No. - 47)
    4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE GLOBAL NANOSATELLITE AND MICROSATELLITE MARKET
        FIGURE 13 LOW MANUFACTURING COST OF MINIATURE SATELLITES TO DRIVE THE MARKET GROWTH DURING THE FORECAST PERIOD
    4.2 GLOBAL MARKET, BY TYPE AND REGION
        FIGURE 14 NANOSATELLITE SEGMENT AND NORTH AMERICA REGION TO ACCOUNT FOR HIGHER MARKET SHARES IN NORTH AMERICA IN 2020
    4.3 MARKET: INVESTMENT SCENARIO
        FIGURE 15 NORTH AMERICA AND EUROPE TO EMERGE AS THE BEST MARKETSFOR INVESTMENTS OVER THE NEXT FIVE YEARS

5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 49)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: NANOSATELLITE AND MICROSATELLITE MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for LEO-based services
                    5.2.1.2 Growing focus on reducing the cost of miniatures satellite
                    5.2.1.3 Rising demand for Earth observation related application
           5.2.2 RESTRAINTS
                    5.2.2.1 Limited access to space
                    5.2.2.2 Government policies
           5.2.1 OPPORTUNITIES
                    5.2.1.1 Growth in the demand for satellite imagery from nongovernmental players
                    5.2.1.2 Increase in the number of application areas
           5.2.2 CHALLENGES
                    5.2.2.1 Raising capital and funding of satellite manufacturing and launch
                    5.2.2.2 Concerns related to space debris
    5.3 COVID-19 PANDEMIC-DRIVEN MARKET DYNAMICS AND FACTOR ANALYSIS
        TABLE 1 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: NANOSATELLITE AND MICROSATELLITE MARKET
           5.3.1 COVID-19 DYNAMICS IMPACTING EMAIL ENCRYPTION MARKET GROWTH
    5.4 EVOLUTION OF NANOSATELLITE AND MICROSATELLITE
        FIGURE 17 EVOLUTION: NANOSATELLITE AND MICROSATELLITE
    5.5 USE CASES
           5.5.1 USE CASE: HAWKEYE 360
           5.5.2 USE CASE: KTH ROYAL INSTITUTE OF TECHNOLOGY
           5.5.3 USE CASE: EUROPEAN FIRERS PROJECT
    5.6 IMPACT OF DISRUPTIVE TECHNOLOGIES
           5.6.1 ARTIFICIAL INTELLIGENCE
           5.6.2 INTERNET OF THINGS

6 NANOSATELLITE AND MICROSATELLITE MARKET, BY COMPONENT (Page No. - 58)
    6.1 INTRODUCTION
        FIGURE 18 SOFTWARE AND DATA PROCESSING SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
        TABLE 2 MARKET SIZE, BY COMPONENT, 2015–2019 (USD MILLION)
        TABLE 3 MARKET SIZE, BY COMPONENT, PRE COVID-19, 2019–2025 (USD MILLION)
        TABLE 4 MARKET SIZE, BY COMPONENT, POST COVID-19, 2019–2025 (USD MILLION)
    6.2 HARDWARE
           6.2.1 SEVERAL PLAYERS OFFERING LOW-COST HARDWARE TO DRIVE THE GROWTH OF THIS SEGMENT
           6.2.2 HARDWARE: COVID-19 IMPACT
                 TABLE 5 HARDWARE: MARKET SIZE, BY REGION, 2015–2019 (USD MILLION)
                 TABLE 6 HARDWARE: MARKET SIZE, BY REGION, PRE COVID-192019–2025 (USD MILLION)
                 TABLE 7 HARDWARE: MARKET SIZE, BY REGION, POST COVID-19, 2019–2025 (USD MILLION)
    6.3 SOFTWARE AND DATA PROCESSING
           6.3.1 ADVANCED DATA PROCESSING IN SPACE FOR MONITORING GEOLOGY TO DRIVE THE SOFTWARE AND DATA PROCESSING MARKET
           6.3.2 SOFTWARE AND DATA PROCESSING: COVID-19 IMPACT
                 TABLE 8 SOFTWARE AND DATA PROCESSING: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015–2019 (USD MILLION)
                 TABLE 9 SOFTWARE AND DATA PROCESSING: MARKET SIZE, BY REGION, PRE COVID-19, 2019–2025 (USD MILLION)
                 TABLE 10 SOFTWARE AND DATA PROCESSING: MARKET SIZE, BY REGION, POST COVID-19, 2019–2025 (USD MILLION)
    6.4 SPACE SERVICES
           6.4.1 FOCUS ON IMPROVING BUSINESS OPPORTUNITIES AND REDUCING EXPENSES AND OVERHEADS VIA SPACE SERVICES
           6.4.2 SPACE SERVICES: COVID-19 IMPACT
                 TABLE 11 SPACE SERVICES: MARKET SIZE, BY REGION, 2015–2019 (USD MILLION)
                 TABLE 12 SPACE SERVICES: MARKET SIZE, BY REGION, PRE COVID-19 2020–2025 (USD MILLION)
                 TABLE 13 SPACE SERVICES MARKET SIZE, BY REGION, POST COVID-19 2020–2025 (USD MILLION)
    6.5 LAUNCH SERVICES
           6.5.1 DEMAND FOR SPECIALIZED VEHICLES FOR SPECIFIC MICROSATELLITE AND NANOSATELLITE LAUNCHING TO DRIVE THE LAUNCH SERVICES INDUSTRY
           6.5.2 LAUNCH SERVICES: COVID-19 IMPACT
                 TABLE 14 LAUNCH SERVICES: MARKET SIZE, BY REGION, 2015–2019 (USD MILLION)
                 TABLE 15 LAUNCH SERVICES: MARKET SIZE, BY REGION, PRE COVID-19 2019–2025 (USD MILLION)
                 TABLE 16 LAUNCH SERVICES: MARKET SIZE, BY REGION, POST COVID-19 2019–2025 (USD MILLION)

7 NANOSATELLITE AND MICROSATELLITE MARKET, BY TYPE (Page No. - 69)
    7.1 INTRODUCTION
        FIGURE 19 NANOSATELLITE SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
        TABLE 17 MARKET SIZE, BY TYPE, 2015–2019 (USD MILLION)
        TABLE 18 MARKET SIZE, BY TYPE, 2020–2025, PRE-COVID-19 (USD MILLION)
        TABLE 19 MARKET SIZE, BY TYPE, 2020–2025, POST-COVID-19 (USD MILLION)
    7.2 NANOSATELLITE
           7.2.1 CONSTANT INNOVATIONS IN THE MINIATURIZATION OF NANOSATELLITES TO DRIVE ITS ADOPTION AMONG VERTICALS
                 TABLE 20 NANOSATELLITE: MARKET SIZE, BY REGION, 2015–2019 (USD MILLION)
                 TABLE 21 NANOSATELLITE: MARKET SIZE, BY REGION, PRE COVID-19 2019–2025 (USD MILLION)
                 TABLE 22 NANOSATELLITE: MARKET SIZE, POST COVID-19 2019–2025 (USD MILLION)
    7.3 MICROSATELLITE
           7.3.1 ABILITY OF MICROSATELLITES TO PERFORM COMPLEX SPACE TASKS WITH HIGH PRECISION TO DRIVE THEIR ADOPTION IN THE FUTURE
                 TABLE 23 MICROSATELLITE: MARKET SIZE, BY REGION, 2015–2019 (USD MILLION)
                 TABLE 24 MICROSATELLITE: MARKET SIZE, BY REGION, PRE COVID-19 2019–2025 (USD MILLION)
                 TABLE 25 MICROSATELLITE: MARKET SIZE, BY REGION, POST COVID-19 2019–2025 (USD MILLION)

8 NANOSATELLITE AND MICROSATELLITE MARKET, BY APPLICATION (Page No. - 75)
    8.1 INTRODUCTION
           8.1.1 NANOSATELLITE AND MICROSATELLITE: COVID-19 IMPACT
                 FIGURE 20 EARTH OBSERVATION AND REMOTE SENSING SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
                 TABLE 26 MARKET SIZE, BY APPLICATION, 2015–2019 (USD MILLION)
                 TABLE 27 MARKET SIZE, BY APPLICATION, PRE COVID-19, 2019–2025 (USD MILLION)
                 TABLE 28 MARKET SIZE, BY APPLICATION, POST COVID-19, 2019–2025 (USD MILLION)
    8.2 COMMUNICATION
           8.2.1 COMMUNICATION-RELATED MISSIONS TO OFFER ENHANCED QUALITY COMMUNICATION SYSTEMS IN FUTURE
           8.2.2 COMMUNICATION: COVID-19 IMPACT
                 TABLE 29 COMMUNICATION: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015–2019 (USD MILLION)
                 TABLE 30 COMMUNICATION: MARKET SIZE, BY REGION, PRE COVID-19, 2019–2025 (USD MILLION)
                 TABLE 31 COMMUNICATION: MARKET SIZE, BY REGION, POST COVID-19, 2019–2025 (USD MILLION)
    8.3 EARTH OBSERVATION AND REMOTE SENSING
           8.3.1 COMPACT NATURE OF NANOSATELLITES AND MICROSATELLITES LED TO EFFICIENT EARTH OBSERVATION AND REMOTE SENSING
           8.3.2 EARTH OBSERVATION AND REMOTE SENSING: COVID-19 IMPACT
                 TABLE 32 EARTH OBSERVATION AND REMOTE SENSING: MARKET SIZE, BY REGION, 2015–2019 (USD MILLION)
                 TABLE 33 EARTH OBSERVATION AND REMOTE SENSING: MARKET SIZE, BY REGION, PRE COVID-19, 2019–2025 (USD MILLION)
                 TABLE 34 EARTH OBSERVATION AND REMOTE SENSING: MARKET SIZE, BY REGION, POST COVID-19, 2019–2025 (USD MILLION)
    8.4 SCIENTIFIC RESEARCH
           8.4.1 ENDLESS PROSPECTS IN SPACE RESEARCH TO OPEN UP WITH EVOLVING NANOSATELLITES AND MICROSATELLITES
           8.4.2 SCIENTIFIC RESEARCH: COVID-19 IMPACT
                 TABLE 35 SCIENTIFIC RESEARCH: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015–2019 (USD MILLION)
                 TABLE 36 SCIENTIFIC RESEARCH: MARKET SIZE, BY REGION, PRE COVID-19, 2019–2025 (USD MILLION)
                 TABLE 37 SCIENTIFIC RESEARCH: MARKET SIZE, BY REGION, POST COVID-19, 2019–2025 (USD MILLION)
    8.5 BIOLOGICAL EXPERIMENTS
           8.5.1 LOW COST OF NANOSATELLITES AND MICROSATELLITES TO INCREASE THE OVERALL ADOPTION FOR EXPERIMENTS
           8.5.2 BIOLOGICAL EXPERIMENTS: COVID-19 IMPACT
                 TABLE 38 BIOLOGICAL EXPERIMENTS: MARKET SIZE, BY REGION, 2015–2019 (USD MILLION)
                 TABLE 39 BIOLOGICAL EXPERIMENTS: MARKET SIZE, BY REGION, PRE COVID-19, 2019–2025 (USD MILLION)
                 TABLE 40 BIOLOGICAL EXPERIMENTS: MARKET SIZE, BY REGION, POST COVID-19, 2019–2025 (USD MILLION)
    8.6 TECHNOLOGY DEMONSTRATION AND VERIFICATION
           8.6.1 NANOSATELLITES AND MICROSATELLITES OFFER A COST-EFFECTIVE APPROACH FOR TECHNOLOGY DEMONSTRATION AND VERIFICATION PROJECTS
           8.6.2 TECHNOLOGY DEMONSTRATION AND VERIFICATION: COVID-19 IMPACT
                 TABLE 41 TECHNOLOGY DEMONSTRATION AND VERIFICATION: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015–2019 (USD MILLION)
                 TABLE 42 TECHNOLOGY DEMONSTRATION AND VERIFICATION: MARKET SIZE, BY REGION, PRE COVID-19, 2019–2025 (USD MILLION)
                 TABLE 43 TECHNOLOGY DEMONSTRATION AND VERIFICATION: MARKET SIZE, BY REGION, POST COVID-19, 2019–2025 (USD MILLION)
    8.7 ACADEMIC TRAINING
           8.7.1 INCREASING SUPPORT FROM GOVERNMENT TO TRAIN STUDENTS IN SMALL SATELLITE DEVELOPMENT
           8.7.2 ACADEMIC TRAINING: COVID-19 IMPACT
                 TABLE 44 ACADEMIC TRAINING: MARKET SIZE, BY REGION, 2015–2019 (USD MILLION)
                 TABLE 45 ACADEMIC TRAINING: MARKET SIZE, BY REGION, PRE COVID-19, 2019–2025 (USD MILLION)
                 TABLE 46 ACADEMIC TRAINING: MARKET SIZE, BY REGION, POST COVID-19, 2019–2025 (USD MILLION)
    8.8 MAPPING AND NAVIGATION
           8.8.1 TRANSPORTATION AND MARINE COMPANIES TO INVEST IN NANOSATELLITES AND MICROSATELLITES TO DEVELOP BETTER NAVIGATION AND TRACKING SYSTEMS
           8.8.2 MAPPING AND NAVIGATION: COVID-19 IMPACT
                 TABLE 47 MAPPING AND NAVIGATION: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015–2019 (USD MILLION)
                 TABLE 48 MAPPING AND NAVIGATION: MARKET SIZE, BY REGION, PRE COVID-19, 2019–2025 (USD MILLION)
                 TABLE 49 MAPPING AND NAVIGATION: MARKET SIZE, BY REGION, POST COVID-19, 2019–2025 (USD MILLION)
    8.9 RECONNAISSANCE
           8.9.1 RECONNAISSANCE APPLICATION TO BE MAJORLY ADOPTED FOR MILITARY AND DEFENSE PURPOSES SET TO GROW IN THE FUTURE
           8.9.2 RECONNAISSANCE: COVID-19 IMPACT
                 TABLE 50 RECONNAISSANCE: MARKET SIZE, BY REGION, 2015–2019 (USD MILLION)
                 TABLE 51 RECONNAISSANCE: MARKET SIZE, BY REGION, PRE COVID-19, 2019–2025 (USD MILLION)
                 TABLE 52 RECONNAISSANCE: MARKET SIZE, BY REGION, POST COVID-19, 2019–2025 (USD MILLION)

9 NANOSATELLITE AND MICROSATELLITE MARKET, BY VERTICAL (Page No. - 93)
    9.1 INTRODUCTION
        FIGURE 21 COMMERCIAL SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
           9.5.2 DEFENSE: COVID-19 IMMINIATURIZATION OF TECHNOLOGY AND INCREASING CAPABILITIES OF NANOSATELLITES AND MICROSATELLITES TO DRIVE THE MARKET GROWTH
           9.5.2 DEFENSE: COVID-19 IMFIGURE 21 COMMERCIAL SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
                 TABLE 53 MARKET SIZE, BY VERTICAL, 2015–2019 (USD MILLION)
                 TABLE 54 MARKET SIZE, BY VERTICAL, PRE COVID-19, 2019–2025 (USD MILLION)
                 TABLE 55 MARKET SIZE, BY VERTICAL, POST COVID-19, 2019–2025 (USD MILLION)
    9.2 GOVERNMENT
           9.2.1 GOVERNMENT INITIATIVES TO INCREASE THE NUMBER OF NANOSATELLITE AND MICROSATELLITE LAUNCHES
           9.2.2 GOVERNMENT: COVID-19 IMPACT
                 TABLE 56 GOVERNMENT: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015–2019 (USD MILLION)
                 TABLE 57 GOVERNMENT: MARKET SIZE, BY REGION, PRE COVID-19, 2019–2025 (USD MILLION)
                 TABLE 58 GOVERNMENT: MARKET SIZE, BY REGION, POST COVID-19, 2019–2025 (USD MILLION)
    9.3 CIVIL
           9.3.1 CIVIL VEHICLE TRACKING AND WEATHER MONITORING TO DRIVE THE ADOPTION OF NANOSATELLITES AND MICROSATELLITES ACROSS THE CIVIL VERTICAL
           9.3.2 CIVIL: COVID-19 IMPACT
                 TABLE 59 CIVIL: MARKET SIZE, BY REGION, 2015–2019 (USD MILLION)
                 TABLE 60 CIVIL: MARKET SIZE, BY REGION, PRE COVID-19, 2019–2025 (USD MILLION)
                 TABLE 61 CIVIL: MARKET SIZE, BY REGION, POST COVID-19, 2019–2025 (USD MILLION)
    9.4 COMMERCIAL
           9.4.1 USE OF NANOSATELLITES AND MICROSATELLITES FOR COMMERCIAL PURPOSES TO GROW OWING TO LOW COSTS
           9.4.2 COMMERCIAL: COVID-19 IMPACT
                 TABLE 62 COMMERCIAL: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015–2019 (USD MILLION)
                 TABLE 63 COMMERCIAL: MARKET SIZE, BY REGION, PRE COVID-19, 2019–2025 (USD MILLION)
                 TABLE 64 COMMERCIAL: MARKET SIZE, BY REGION, POST COVID-19, 2019–2025 (USD MILLION)
    9.5 DEFENSE
           9.5.1 GENERAL TREND OF MINIATURIZATION OF TECHNOLOGY AND INCREASING CAPABILITIES OF NANOSATELLITES AND MICROSATELLITES TO DRIVE THE MARKET GROWTH
           9.5.2 DEFENSE: COVID-19 IMPACT
                 TABLE 65 DEFENSE: MARKET SIZE, BY REGION, 2015–2019 (USD MILLION)
                 TABLE 66 DEFENSE: MARKET SIZE, BY REGION, PRE COVID-19, 2019–2025 (USD MILLION)
                 TABLE 67 DEFENSE: MARKET SIZE, BY REGION, POST COVID-19, 2019–2025 (USD MILLION)
    9.6 ENERGY AND INFRASTRUCTURE
           9.6.1 USE OF NANOSATELLITES AND MICROSATELLITES TO DETECT AND MONITOR OIL AND GAS WELLS
           9.6.2 ENERGY AND INFRASTRUCTURE: COVID-19 IMPACT
                 TABLE 68 ENERGY AND INFRASTRUCTURE: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2015–2019 (USD MILLION)
                 TABLE 69 ENERGY AND INFRASTRUCTURE: MARKET SIZE, BY REGION, PRE COVID-19, 2019–2025 (USD MILLION)
                 TABLE 70 ENERGY AND INFRASTRUCTURE: MARKET SIZE, BY REGION, POST COVID-19, 2019–2025 (USD MILLION)
    9.7 MARITIME AND TRANSPORTATION
           9.7.1 ACCURACY OF DATA PROVIDED BY NANOSATELLITES LED TO INCREASED ADOPTION ACROSS THE VERTICAL
           9.7.2 MARITIME AND TRANSPORTATION: COVID-19 IMPACT
                 TABLE 71 MARITIME AND TRANSPORTATION: MARKET SIZE, BY REGION, 2015–2019 (USD MILLION)
                 TABLE 72 MARITIME AND TRANSPORTATION: MARKET SIZE, BY REGION, PRE COVID-19, 2019–2025 (USD MILLION)                   
                 TABLE 73 MARITIME AND TRANSPORTATION: MARKET SIZE, BY REGION, POST COVID-19, 2019–2025 (USD MILLION)

10 NANOSATELLITE AND MICROSATELLITE MARKET, BY REGION (Page No. - 106)
     10.1 INTRODUCTION
          FIGURE 22 EUROPE TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
          TABLE 74 MARKET SIZE, BY REGION, 2015–2019 (USD MILLION)
          TABLE 75 MARKET SIZE, BY REGION, PRE COVID-19, 2019–2025 (USD MILLION)
          TABLE 76 MARKET SIZE, BY REGION, POST COVID-19, 2019–2025 (USD MILLION)
     10.2 NORTH AMERICA
             10.2.1 NORTH AMERICA: COVID-19 IMPACT
                    FIGURE 23 NORTH AMERICA: MARKET SNAPSHOT
                    TABLE 77 NORTH AMERICA: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY COMPONENT, 2015–2019 (USD MILLION)
                    TABLE 78 NORTH AMERICA: MARKET SIZE, BY COMPONENT, PRE COVID-19, 2019–2025 (USD MILLION)
                    TABLE 79 NORTH AMERICA: MARKET SIZE, BY COMPONENT, POST COVID-19, 2019–2025 (USD MILLION)
                    TABLE 80 NORTH AMERICA: MARKET SIZE, BY TYPE, 2015–2019 (USD MILLION)
                    TABLE 81 NORTH AMERICA: MARKET SIZE, BY TYPE, 2019–2025, PRE-COVID-19 (USD MILLION)
                    TABLE 82 NORTH AMERICA: MARKET SIZE, BY TYPE, 2019–2025, POST-COVID-19 (USD MILLION)
                    TABLE 83 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2015–2019 (USD MILLION)
                    TABLE 84 NORTH AMERICA: MARKET SIZE, BY APPLICATION, PRE COVID-19, 2019–2025 (USD MILLION)
                    TABLE 85 NORTH AMERICA: MARKET SIZE, BY APPLICATION, POST COVID-19, 2019–2025 (USD MILLION)
                    TABLE 86 NORTH AMERICA: MARKET SIZE, BY VERTICAL, 2015–2019 (USD MILLION)
                    TABLE 87 NORTH AMERICA: MARKET SIZE, BY VERTICAL, PRE COVID-19, 2019–2025 (USD MILLION)
                    TABLE 88 NORTH AMERICA: MARKET SIZE, BY VERTICAL, POST COVID-19, 2019–2025 (USD MILLION)
                    TABLE 89 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2015–2019 (USD MILLION)
                    TABLE 90 NORTH AMERICA: LAUNCH SERVICES MARKET SIZE, BY COUNTRY, 2019–2025, PRE-COVID-19 (USD MILLION)
                    TABLE 91 NORTH AMERICA: LAUNCH SERVICES MARKET SIZE, BY COUNTRY, 2019–2025, POST-COVID-19 (USD MILLION)
             10.2.2 UNITED STATES
                        10.2.2.1 Increasing benefits of technology-enabled nanosatellites and microsatellites in the US agriculture vertical
                    TABLE 92 UNITED STATES: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY COMPONENT, 2015–2019 (USD MILLION)
                    TABLE 93 UNITED STATES: MARKET SIZE, BY COMPONENT, PRE COVID-19, 2019–2025 (USD MILLION)
                    TABLE 94 UNITED STATES: MARKET SIZE, BY COMPONENT, POST COVID-19, 2019–2025 (USD MILLION)
                    TABLE 95 UNITED STATES: MARKET SIZE, BY TYPE, 2015–2019 (USD MILLION)
                    TABLE 96 UNITED STATES: MARKET SIZE, BY TYPE, 2019–2025, PRE-COVID-19 (USD MILLION)
                    TABLE 97 UNITED STATES: MARKET SIZE, BY TYPE, 2019–2025, POST-COVID-19 (USD MILLION)
                    TABLE 98 UNITED STATES: MARKET SIZE, BY APPLICATION, 2015–2019 (USD MILLION)
                    TABLE 99 UNITED STATES: MARKET SIZE, BY APPLICATION, PRE COVID-19 2019–2025 (USD MILLION)
                    TABLE 100 UNITED STATES: MARKET SIZE, BY APPLICATION, POST COVID-19, 2019–2025 (USD MILLION)
                    TABLE 101 UNITED STATES: MARKET SIZE, BY VERTICAL, 2015–2019 (USD MILLION)
                    TABLE 102 UNITED STATES: MARKET SIZE, BY VERTICAL, PRE COVID-19 2019–2025 (USD MILLION)
                    TABLE 103 UNITED STATES: MARKET SIZE, BY VERTICAL, POST COVID-19 2019–2025 (USD MILLION)
             10.2.3 CANADA
                        10.2.3.1 Collaborations with international space agencies to boost the Canadian market
                                 TABLE 104 CANADA: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY COMPONENT, 2015–2019 (USD MILLION)
                                 TABLE 105 CANADA: MARKET SIZE, BY COMPONENT, PRE COVID-19 2019–2025 (USD MILLION)
                                 TABLE 106 CANADA: MARKET SIZE, BY COMPONENT, POST COVID-19, 2019–2025 (USD MILLION)
                                 TABLE 107 CANADA: MARKET SIZE, BY TYPE, 2015–2019 (USD MILLION)
                                 TABLE 108 CANADA: MARKET SIZE, BY TYPE, 2019–2025, PRE-COVID-19 (USD MILLION)
                                 TABLE 109 CANADA: MARKET SIZE, BY TYPE, 2019–2025, POST-COVID-19 (USD MILLION)
                                 TABLE 110 CANADA: MARKET SIZE, BY APPLICATION, 2015–2019 (USD MILLION)
                                 TABLE 111 CANADA: MARKET SIZE, BY APPLICATION, PRE COVID-19 2019–2025 (USD MILLION)
                                 TABLE 112 CANADA: MARKET SIZE, BY APPLICATION, POST COVID-19 2019–2025 (USD MILLION)
                                 TABLE 113 CANADA: MARKET SIZE, BY VERTICAL, 2015–2019 (USD MILLION)
                                 TABLE 114 CANADA: MARKET SIZE, BY VERTICAL, PRE COVID-19, 2019–2025 (USD MILLION)
                                 TABLE 115 CANADA: MARKET SIZE, BY VERTICAL, POST COVID-19, 2019–2025 (USD MILLION)
     10.3 EUROPE
             10.3.1 EUROPE: COVID-19 IMPACT
                    TABLE 116 EUROPE: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY COMPONENT, 2015–2019 (USD MILLION)
                    TABLE 117 EUROPE: MARKET SIZE, BY COMPONENT, PRE COVID-19, 2019–2025 (USD MILLION)
                    TABLE 118 EUROPE: MARKET SIZE, BY COMPONENT, POST COVID-19, 2019–2025 (USD MILLION)
                    TABLE 119 EUROPE: MARKET SIZE, BY TYPE, 2015–2019 (USD MILLION)
                    TABLE 120 EUROPE: MARKET SIZE, BY TYPE, 2019–2025, PRE-COVID-19 (USD MILLION)
                    TABLE 121 EUROPE: MARKET SIZE, BY TYPE, 2019–2025, POST-COVID-19 (USD MILLION)
                    TABLE 122 EUROPE: MARKET SIZE, BY APPLICATION, 2015–2019 (USD MILLION)
                    TABLE 123 EUROPE: MARKET SIZE, BY APPLICATION, PRE COVID-19, 2019–2025 (USD MILLION)
                    TABLE 124 EUROPE: MARKET SIZE, BY APPLICATION, POST COVID-19, 2019–2025 (USD MILLION)
                    TABLE 125 EUROPE: MARKET SIZE, BY VERTICAL, 2015–2019 (USD MILLION)
                    TABLE 126 EUROPE: MARKET SIZE, BY VERTICAL, PRE COVID-19, 2019–2025 (USD MILLION)
                    TABLE 127 EUROPE: MARKET SIZE, BY VERTICAL, POST COVID-19, 2019–2025 (USD MILLION)
                    TABLE 128 EUROPE: MARKET SIZE, BY COUNTRY, 2015–2019 (USD MILLION)
                    TABLE 129 EUROPE: MARKET SIZE, BY COUNTRY, PRE COVID-19, 2019–2025 (USD MILLION)
                    TABLE 130 EUROPE: MARKET SIZE, BY COUNTRY, POST COVID-19, 2019–2025 (USD MILLION)
             10.3.2 UNITED KINGDOM
                        10.3.2.1 Government initiatives to boost the adoption of nanosatellites and microsatellites
                                 TABLE 131 UNITED KINGDOM: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY COMPONENT, 2015–2019 (USD MILLION)
                                 TABLE 132 UNITED KINGDOM: MARKET SIZE, BY COMPONENT, PRE COVID-19, 2019–2025 (USD MILLION)
                                 TABLE 133 UNITED KINGDOM: MARKET SIZE, BY COMPONENT, POST COVID-19, 2019–2025 (USD MILLION)
                                 TABLE 134 UNITED KINGDOM: MARKET SIZE, BY TYPE, 2015–2019 (USD MILLION)
                                 TABLE 135 UNITED KINGDOM: MARKET SIZE, BY TYPE, 2019–2025, PRE-COVID-19 (USD MILLION)
                                 TABLE 136 UNITED KINGDOM: MARKET SIZE, BY TYPE, 2019–2025, POST-COVID-19 (USD MILLION)
                                 TABLE 137 UNITED KINGDOM: MARKET SIZE, BY APPLICATION, 2015–2019 (USD MILLION)
                                 TABLE 138 UNITED KINGDOM: MARKET SIZE, BY APPLICATION, PRE COVID-19 2019–2025 (USD MILLION)
                                 TABLE 139 UNITED KINGDOM: MARKET SIZE, BY APPLICATION, POST COVID-19, 2019–2025 (USD MILLION)
                                 TABLE 140 UNITED KINGDOM: MARKET SIZE, BY VERTICAL, 2015–2019 (USD MILLION)
                                 TABLE 141 UNITED KINGDOM: MARKET SIZE, BY VERTICAL, PRE COVID-19 2019–2025 (USD MILLION)
                                 TABLE 142 UNITED KINGDOM: MARKET SIZE, BY VERTICAL, POST COVID-19 2019–2025 (USD MILLION)
             10.3.3 RUSSIA
                        10.3.3.1 Growing reliability of Russia on self-developed space systems
                                 TABLE 143 RUSSIA: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY COMPONENT, 2015–2019 (USD MILLION)
                                 TABLE 144 RUSSIA: MARKET SIZE, BY COMPONENT, PRE COVID-19, 2019–2025 (USD MILLION)
                                 TABLE 145 RUSSIA: MARKET SIZE, BY COMPONENT, POST COVID-19, 2019–2025 (USD MILLION)
                                 TABLE 146 RUSSIA: MARKET SIZE, BY TYPE, 2015–2019 (USD MILLION)
                                 TABLE 147 RUSSIA: MARKET SIZE, BY TYPE, 2019–2025, PRE-COVID-19 (USD MILLION)
                                 TABLE 148 RUSSIA: MARKET SIZE, BY TYPE, 2019–2025, POST-COVID-19 (USD MILLION)
                                 TABLE 149 RUSSIA: MARKET SIZE, BY APPLICATION, 2015–2019 (USD MILLION)
                                 TABLE 150 RUSSIA: MARKET SIZE, BY APPLICATION, PRE COVID-19 2019–2025 (USD MILLION)
                                 TABLE 151 RUSSIA: MARKET SIZE, BY APPLICATION, POST COVID-19, 2019–2025 (USD MILLION)
                                 TABLE 152 RUSSIA: MARKET SIZE, BY VERTICAL, 2015–2019 (USD MILLION)
                                 TABLE 153 RUSSIA: MARKET SIZE, BY VERTICAL, PRE COVID-19, 2019–2025 (USD MILLION)
                                 TABLE 154 RUSSIA: MARKET SIZE, BY VERTICAL, POST COVID-19, 2019–2025 (USD MILLION)
             10.3.4 FRANCE
                        10.3.4.1 Increasing partnerships among local companies to boost the French nanosatellite and microsatellite market
                                 TABLE 155 FRANCE: MARKET SIZE, BY COMPONENT, 2015–2019 (USD MILLION)
                                 TABLE 156 FRANCE: MARKET SIZE, BY COMPONENT, PRE COVID-19, 2019–2025 (USD MILLION)
                                 TABLE 157 FRANCE: MARKET SIZE, BY COMPONENT, POST COVID-19, 2019–2025 (USD MILLION)
                                 TABLE 158 FRANCE: MARKET SIZE, BY TYPE, 2015–2019 (USD MILLION)
                                 TABLE 159 FRANCE: MARKET SIZE, BY TYPE, 2019–2025, PRE-COVID-19 (USD MILLION)
                                 TABLE 160 FRANCE: MARKET SIZE, BY TYPE, 2019–2025, POST-COVID-19 (USD MILLION)
                                 TABLE 161 FRANCE: MARKET SIZE, BY APPLICATION, 2015–2019 (USD MILLION)
                                 TABLE 162 FRANCE: MARKET SIZE, BY APPLICATION, PRE COVID-19, 2019–2025 (USD MILLION)
                                 TABLE 163 FRANCE: MARKET SIZE, BY APPLICATION, POST COVID-19, 2019–2025 (USD MILLION)
                                 TABLE 164 FRANCE: MARKET SIZE, BY VERTICAL, 2015–2019 (USD MILLION)
                                 TABLE 165 FRANCE: MARKET SIZE, BY VERTICAL, PRE COVID-19, 2019–2025 (USD MILLION)
                                 TABLE 166 FRANCE: MARKET SIZE, BY VERTICAL, POST COVID-19 2019–2025 (USD MILLION)
             10.3.5 REST OF EUROPE
                    TABLE 167 REST OF EUROPE: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY COMPONENT, 2015–2019 (USD MILLION)
                    TABLE 168 REST OF EUROPE: MARKET SIZE, BY COMPONENT, PRE COVID-19, 2019–2025 (USD MILLION)
                    TABLE 169 REST OF EUROPE: MARKET SIZE, BY COMPONENT, POST COVID-19, 2019–2025 (USD MILLION)
                    TABLE 170 REST OF EUROPE: MARKET SIZE, BY TYPE, 2015–2019 (USD MILLION)
                    TABLE 171 REST OF EUROPE: MARKET SIZE, BY TYPE, 2019–2025, PRE-COVID-19 (USD MILLION)
                    TABLE 172 REST OF EUROPE: MARKET SIZE, BY TYPE, 2019–2025, POST-COVID-19 (USD MILLION)
                    TABLE 173 REST OF EUROPE: MARKET SIZE, BY APPLICATION, 2015–2019 (USD MILLION)
                    TABLE 174 REST OF EUROPE: MARKET SIZE, BY APPLICATION, PRE COVID-19, 2019–2025 (USD MILLION)
                    TABLE 175 REST OF EUROPE: MARKET SIZE, BY APPLICATION, POST, COVID-19 2019–2025 (USD MILLION)
                    TABLE 176 REST OF EUROPE: MARKET SIZE, BY VERTICAL, 2015–2019 (USD MILLION)
                    TABLE 177 REST OF EUROPE: MARKET SIZE, BY VERTICAL, PRE COVID-19, 2019–2025 (USD MILLION)
                    TABLE 178 REST OF EUROPE: MARKET SIZE, BY VERTICAL, POST COVID-19, 2019–2025 (USD MILLION)
     10.4 ASIA PACIFIC
             10.4.1 ASIA PACIFIC: COVID-19 IMPACT
                    TABLE 179 ASIA PACIFIC: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY COMPONENT, 2015–2019 (USD MILLION)
                    TABLE 180 ASIA PACIFIC: MARKET SIZE, BY COMPONENT, PRE COVID-19, 2019–2025 (USD MILLION)
                    TABLE 181 ASIA PACIFIC: MARKET SIZE, BY COMPONENT, POST COVID-19, 2019–2025 (USD MILLION)
                    TABLE 182 ASIA PACIFIC: MARKET SIZE, BY TYPE, 2015–2019 (USD MILLION)
                    TABLE 183 ASIA PACIFIC: MARKET SIZE, BY TYPE, 2019–2025, PRE-COVID-19 (USD MILLION)
                    TABLE 184 ASIA PACIFIC: MARKET SIZE, BY TYPE, 2019–2025, POST-COVID-19 (USD MILLION)
                    TABLE 185 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2015–2019 (USD MILLION)
                    TABLE 186 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, PRE COVID-19, 2019–2025 (USD MILLION)
                    TABLE 187 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, POST COVID-19, 2019–2025 (USD MILLION)
                    TABLE 188 ASIA PACIFIC: MARKET SIZE, BY VERTICAL, 2015–2019 (USD MILLION)
                    TABLE 189 ASIA PACIFIC: MARKET SIZE, BY VERTICAL, PRE COVID-19, 2019–2025 (USD MILLION)
                    TABLE 190 ASIA PACIFIC: MARKET SIZE, BY VERTICAL, POST COVID-19, 2019–2025 (USD MILLION)
                    TABLE 191 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2015–2019 (USD MILLION)
                    TABLE 192 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, PRE COVID-19, 2019–2025 (USD MILLION)
                    TABLE 193 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, POST COVID-19, 2019–2025 (USD MILLION)
             10.4.2 CHINA
                        10.4.2.1 Growth of self-made space technology to increase the number of space programs in China
             10.4.3 JAPAN
                        10.4.3.1 Japan’s private space industry plays a key role in the government’s space program
             10.4.4 INDIA
                        10.4.4.1 Upcoming nanosatellite space initiatives to drive the Indian nanosatellite and microsatellite market
             10.4.5 REST OF ASIA PACIFIC
     10.5 REST OF THE WORLD
          TABLE 194 REST OF THE WORLD: MARKET SIZE, BY COMPONENT, 2015–2019 (USD MILLION)
          TABLE 195 REST OF THE WORLD: MARKET SIZE, BY COMPONENT, PRE COVID-19, 2019–2025 (USD MILLION)
          TABLE 196 REST OF THE WORLD: MARKET SIZE, BY COMPONENT, POST COVID-19, 2019–2025 (USD MILLION)
          TABLE 197 REST OF THE WORLD: MARKET SIZE, BY TYPE, 2015–2019 (USD MILLION)
          TABLE 198 REST OF THE WORLD: MARKET SIZE, BY TYPE, 2019–2025, PRE-COVID-19 (USD MILLION)
          TABLE 199 REST OF THE WORLD: MARKET SIZE, BY TYPE, 2019–2025, POST-COVID-19 (USD MILLION)
          TABLE 200 REST OF THE WORLD: MARKET SIZE, BY APPLICATION, 2015–2019 (USD MILLION)
          TABLE 201 REST OF THE WORLD: MARKET SIZE, BY APPLICATION, PRE COVID-19, 2019–2025 (USD MILLION)
          TABLE 202 REST OF THE WORLD: MARKET SIZE, BY APPLICATION, POST COVID-19, 2019–2025 (USD MILLION)
          TABLE 203 REST OF THE WORLD: MARKET SIZE, BY VERTICAL, 2015–2019 (USD MILLION)
          TABLE 204 REST OF THE WORLD: MARKET SIZE, BY VERTICAL, PRE COVID-19, 2019–2025 (USD MILLION)
          TABLE 205 REST OF THE WORLD: MARKET SIZE, BY VERTICAL, POST COVID-19, 2019–2025 (USD MILLION)
          TABLE 206 REST OF THE WORLD: MARKET SIZE, BY COUNTRY, 2015–2019 (USD MILLION)
          TABLE 207 REST OF THE WORLD: MARKET SIZE, BY COUNTRY, PRE COVID-19, 2019–2025 (USD MILLION)
          TABLE 208 REST OF THE WORLD: MARKET SIZE, BY COUNTRY, POST COVID-19, 2019–2025 (USD MILLION)
             10.5.1 MIDDLE EAST
                        10.5.1.1 Growing partnerships to develop the Middle Eastern space sector to drive market growth
             10.5.2 AFRICA
                        10.5.2.1 African market to accelerate with several countries launching their satellites
             10.5.3 LATIN AMERICA
                        10.5.3.1 Latin America to depict healthy involvement in space initiatives through nanosatellite and microsatellite space missions

11 COMPETITIVE LANDSCAPE (Page No. - 167)
     11.1 OVERVIEW
     11.2 COMPETITIVE LEADERSHIP MAPPING
          TABLE 209 EVALUATION CRITERIA
             11.2.1 VISIONARY LEADERS
             11.2.2 DYNAMIC DIFFERENTIATORS
             11.2.3 INNOVATORS
             11.2.4 EMERGING COMPANIES
                    FIGURE 24 NANOSATELLITE AND MICROSATELLITES MARKET (GLOBAL), COMPETITIVE LEADERSHIP MAPPING, 2020
     11.3 RANKING OF KEY PLAYERS
          FIGURE 25 RANKING OF KEY PLAYERS IN THE NANOSATELLITE AND MICROSATELLITE MARKET, 2020
     11.4 COMPETITIVE SCENARIO
          FIGURE 26 KEY DEVELOPMENTS BY LEADING PLAYERS IN THE MARKET (2018–2020)
             11.4.1 NEW PRODUCT LAUNCHES
                    TABLE 210 NEW PRODUCT LAUNCHES, 2018–2020
             11.4.2 PARTNERSHIPS
                    TABLE 211 PARTNERSHIPS, 2018–2020

12 COMPANY PROFILES (Page No. - 174)
     12.1 INTRODUCTION
(Business Overview, Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     12.2 GOMSPACE
          FIGURE 27 GOMSPACE: COMPANY SNAPSHOT
          TABLE 212 GOMSPACE: ORGANIC GROWTH STRATEGIES
          TABLE 213 GOMSPACE: INORGANIC GROWTH STRATEGIES
          FIGURE 28 GOMSPACE: SWOT ANALYSIS
     12.3 LOCKHEED MARTIN
          FIGURE 29 LOCKHEED MARTIN: COMPANY SNAPSHOT
          TABLE 214 LOCKHEED MARTIN: ORGANIC GROWTH STRATEGIES
          TABLE 215 LOCKHEED MARTIN: INORGANIC GROWTH STRATEGIES
          FIGURE 30 LOCKHEED MARTIN: SWOT ANALYSIS
     12.4 L3HARRIS
          FIGURE 31 L3HARRIS: COMPANY SNAPSHOT
          TABLE 216 L3HARRIS: ORGANIC GROWTH STRATEGIES
          TABLE 217 L3HARRIS: INORGANIC GROWTH STRATEGIES
          FIGURE 32 L3HARRIS: SWOT ANALYSIS
     12.5 SIERRA NEVADA CORPORATION
          TABLE 218 SIERRA NEVADA CORPORATION: ORGANIC GROWTH STRATEGIES
          TABLE 219 SIERRA NEVADA CORPORATION: INORGANIC GROWTH STRATEGIES
     12.6 AAC CLYDE SPACE
          TABLE 220 AAC CLYDE SPACE: ORGANIC GROWTH STRATEGIES
          TABLE 221 AAC CLYDE SPACE: INORGANIC GROWTH STRATEGIES
     12.7 PLANET LABS
          TABLE 222 PLANET LABS: ORGANIC GROWTH STRATEGIES
          TABLE 223 PLANET LABS: INORGANIC GROWTH STRATEGIES
     12.8 TYVAK
          TABLE 224 TYVAK: ORGANIC GROWTH STRATEGIES
          TABLE 225 TYVAK: INORGANIC GROWTH STRATEGIES
     12.9 NANOAVIONICS
          TABLE 226 NANOAVIONICS: ORGANIC GROWTH STRATEGIES
          TABLE 227 NANOAVIONICS: INORGANIC GROWTH STRATEGIES
     12.10 INNOVATIVE SOLUTIONS IN SPACE
          TABLE 228 ISISPACE: INORGANIC GROWTH STRATEGIES
     12.11 SPACEQUEST
          TABLE 229 SPACEQUEST: ORGANIC AND INORGNIC GROWTH STRATEGIES
     12.12 RAYTHEON
     12.13 RUAG SPACE
     12.14 SURREY SATELLITE TECHNOLOGY LIMITED
     12.15 DAURIA AEROSPACE
     12.16 AXELSPACE CORPORATION
     12.17 SKY AND SPACE GLOBAL
     12.18 KEPLER
     12.19 GAUSS'
     12.20 SPACEWORKS ENTERPRISES
     12.21 BERLIN SPACE TECHNOLOGIES
     12.22 SPIRE GLOBAL
     12.23 PUMPKIN
     12.24 NORTHROP GRUMMAN CORPORATION
     12.25 DYNETICS
     12.26 SATELLOGIC
     12.27 RIGHT-TO-WIN

*Details on Business Overview, Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

13 ADJACENT/RELATED MARKET (Page No. - 218)
     13.1 SMALL SATELLITE MARKET
             13.1.1 MARKET DEFINITION
             13.1.2 MARKET OVERVIEW
             13.1.3 SMALL SATELLITE MARKET, BY APPLICATION
                    TABLE 230 SMALL SATELLITE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
                    TABLE 231 SMALL SATELLITE MARKET IN EARTH OBSERVATION AND METEOROLOGY, BY REGION, 2015-2022 (USD MILLION)
                    TABLE 232 SMALL SATELLITE MARKET IN COMMUNICATION, BY REGION, 2015-2022 (USD MILLION)
                    TABLE 233 SMALL SATELLITE MARKET IN SCIENTIFIC RESEARCH AND EXPLORATION, BY REGION, 2015-2022 (USD MILLION)
                    TABLE 234 SMALL SATELLITE MARKET IN SURVEILLANCE AND SECURITY, BY REGION, 2015-2022 (USD MILLION)
                    TABLE 235 SMALL SATELLITE MARKET IN MAPPING AND NAVIGATION, BY REGION, 2015-2022 (USD MILLION)
             13.1.4 SMALL SATELLITE MARKET, BY END USER
                    TABLE 236 SMALL SATELLITE MARKET SIZE, BY END USER, 2015-2022 (USD MILLION)
                    TABLE 237 SMALL SATELLITE MARKET FOR CIVIL, BY REGION, 2015-2022 (USD MILLION)
                    TABLE 238 SMALL SATELLITE MARKET FOR COMMERCIAL, BY REGION, 2015-2022 (USD MILLION)
                    TABLE 239 SMALL SATELLITE MARKET FOR DEFENSE, BY REGION, 2015-2022 (USD MILLION)
     13.2 SMALL SATELLITE SERVICES MARKET
             13.2.1 MARKET DEFINITION
             13.2.2 MARKET OVERVIEW
             13.2.3 SMALL SATELLITE SERVICES MARKET, BY APPLICATION
                    TABLE 240 SMALL SATELLITE SERVICES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
                    TABLE 241 COMMUNICATION SEGMENT, BY REGION, 2015-2022 (USD MILLION)
                    TABLE 242 COMMUNICATION SEGMENT, BY SUBSEGMENT, 2015-2022 (USD MILLION)
                    TABLE 243 REMOTE SENSING SEGMENT, BY REGION, 2015-2022 (USD MILLION)
                    TABLE 244 REMOTE SENSING SEGMENT, BY SUBSEGMENT, 2015-2022 (USD MILLION)
                    TABLE 245 SCIENCE AND TECHNOLOGY AND EDUCATION SEGMENT, BY REGION, 2015-2022 (USD MILLION)
                    TABLE 246 OTHERS SEGMENT, BY REGION, 2015-2022 (USD MILLION)
             13.2.4 SMALL SATELLITE SERVICES MARKET, BY VERTICAL
                    TABLE 247 SMALL SATELLITE SERVICES MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
                    TABLE 248 COMMERCIAL SEGMENT, BY APPLICATION, 2015-2022 (USD MILLION)
                    TABLE 249 COMMERCIAL SEGMENT, BY REGION, 2015-2022 (USD MILLION)
                    TABLE 250 COMMERCIAL SEGMENT, BY SUBSEGMENT, 2015-2022 (USD MILLION)
                    TABLE 251 GOVERNMENT AND MILITARY SEGMENT, BY APPLICATION, 2015-2022 (USD MILLION)
                    TABLE 252 GOVERNMENT AND MILITARY SEGMENT, BY REGION, 2015-2022 (USD MILLION)
                    TABLE 253 NON-PROFIT ORGANIZATION, BY APPLICATION, 2015-2022 (USD MILLION)
                    TABLE 254 NON-PROFIT ORGANIZATION SEGMENT, BY REGION, 2015-2022 (USD MILLION)
     13.3 SPACE LAUNCH SERVICES MARKET
             13.3.1 MARKET DEFINITION
             13.3.2 MARKET OVERVIEW
             13.3.3 SPACE LAUNCH SERVICES MARKET, BY PAY LOAD
                    TABLE 255 SPACE LAUNCH SERVICES MARKET SIZE, BY PAYLOAD, 2015-2025 (USD MILLION)
                    TABLE 256 SATELLITE MARKET SIZE, BY REGION, 2015-2025 (USD MILLION)
                    TABLE 257 STRATOLLITE MARKET SIZE, BY REGION, 2015-2025 (USD MILLION)
                    TABLE 258 CARGO MARKET SIZE, BY REGION, 2015-2025 (USD MILLION)
                    TABLE 259 HUMAN SPACECRAFT MARKET SIZE, BY REGION, 2015-2025 (USD MILLION)
                    TABLE 260 TESTING PROBES MARKET SIZE, BY REGION, 2015-2025 (USD MILLION)

14 APPENDIX (Page No. - 230)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involved four major steps in estimating the current market size for the nanosatellite and microsatellite market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakup and data triangulation methods were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, have been referred to, to identify and collect information for the study. These secondary sources included annual reports, press releases, and investor presentations of companies; white papers, technology journals, and certified publications, such as Institute of Electrical and Electronics Engineers (IEEE) and Union of Concerned Scientists (UCS), referred to nanosatellite and microsatellite; and articles from recognized authors, directories, and databases.

Primary Research

The nanosatellite and microsatellite market comprises several stakeholders, such as platform and service providers, support and maintenance service providers, manufacturing enterprises, technology consultants, system design and development vendors, and logistics and supply chain management providers. The extensive primary research was conducted to gather information, and verify and validate the critical numbers arrived at. Primary research was undertaken further to identify the segmentation types; industry trends; key players; the competitive landscape of different market players; and key market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key strategies. Following is the breakup of the primary respondents:

Nanosatellite and Microsatellite Market Size, and Share

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the overall size of the nanosatellite and microsatellite market. These methods were used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the industry and markets have been identified through extensive secondary research.
  • The nanosatellite and microsatellite market expenditure across regions, along with the geographic split in various segments, have been considered to arrive at the overall market size.
  • All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size, using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakup procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand side and supply side in the nanosatellite and microsatellite market.

Report Objectives:

  • To define, describe, and forecast the nanosatellite and microsatellite market by type, component, application, vertical, and region
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growth
  • To analyze the opportunities in the market and provide details about the competitive landscape for stakeholders and market leaders
  • To forecast the market size of the market segments with respect to 4 main regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To profile the key players and comprehensively analyze their market rankings and core competencies1
  • To analyze competitive developments, such as partnerships, new product launches, and mergers and acquisitions, in the nanosatellite and microsatellite market

1Core competencies of the companies have been captured in terms of their key developments and key strategies adopted by them to sustain their positions in the market.

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakup of the APAC market
  • Further breakup of the Latin American market
  • Further breakup of the European market

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
COVID-19

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Adjacent Markets

Mar. Size
2018
CAGR 2018-23

Competitive Landscape

 
 
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Report Code
TC 2267
Published ON
Jul, 2020
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