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 2024
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Request For Special Pricing[159 Pages Report] The global nanosatellite and microsatellite market size is expected to grow from USD 1.5 billion in 2019 to USD 3.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 19.8% 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.
Based on 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 Alén Space, by 2022, up to 75% of all nanosatellites will be launched into the planet’s orbit for commercial reasons.
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).
Scope of the Report:
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Report Metrics |
Details |
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Market size available for years |
2017–2024 |
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Base year considered |
2018 |
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Forecast period |
2019–2024 |
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Forecast units |
Value (USD) |
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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) |
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Geographies covered |
North America, APAC, Europe, and RoW |
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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) |
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 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 spacecrafts.
Key Questions Addressed by the Report:
- Where will all these developments take the industry in the mid to long term?
- What are the upcoming industry solutions in the nanosatellite and microsatellite market?
- Which are the major factors expected to drive the market?
- Which region would offer high growth for vendors in the market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 18)
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology (Page No. - 22)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.3 Breakup of Primary Profiles
2.1.4 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
2.4 Market Forecast
2.5 Competitive Leadership Mapping Methodology
2.6 Assumptions for the Study
2.7 Limitations of the Study
3 Executive Summary (Page No. - 31)
4 Premium Insights (Page No. - 36)
4.1 Attractive Market Opportunities in the Global Nanosatellite and Microsatellite Market
4.2 Global Market By Type and Region
4.3 Market By Region
4.4 Market Investment Scenario
5 Market Overview and Industry Trends (Page No. - 38)
5.1 Introduction
5.2 Market Dynamics
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
5.2.3 Opportunities
5.2.3.1 Growth in the Demand for Satellite Imagery From Nongovernmental Players
5.2.3.2 Increase in the Number of Application Areas
5.2.4 Challenges
5.2.4.1 Raising Capital and Funding of Satellite Manufacturing and Launch
5.2.4.2 Concerns Related to Space Debris
5.3 Evolution of Nanosatellite and Microsatellite
5.4 Use Cases
5.4.1 Use Case: Hawkeye 360
5.4.2 Use Case: KTh Royal Institute of Technology
5.4.3 Use Case: European Firers Project
5.5 Impact of Disruptive Technologies
5.5.1 Artificial Intelligence
5.5.2 Internet of Things
6 Nanosatellite and Microsatellite Market By Component (Page No. - 45)
6.1 Introduction
6.2 Hardware
6.2.1 Several Players Offering Low-Cost Hardware to Drive the Growth of This Segment
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
6.4 Space Services
6.4.1 Focus on Improving Business Opportunities and Reducing Expenses and Overheads Via Space Services
6.5 Launch Services
6.5.1 Demand for Specialized Vehicles for Specific Microsatellite and Nanosatellite Launching to Drive the Launch Services Industry
7 Nanosatellite and Microsatellite Market By Type (Page No. - 55)
7.1 Introduction
7.2 Nanosatellite
7.2.1 Constant Innovations in the Miniaturization of Nanosatellites to Drive Its Adoption Among Verticals
7.3 Microsatellite
7.3.1 Ability of Microsatellites to Perform Complex Space Tasks With High Precision to Drive Their Adoption in the Future
8 Nanosatellite and Microsatellite Market By Application (Page No. - 60)
8.1 Introduction
8.2 Communication
8.2.1 Communication-Related Missions to Offer Enhanced Quality Communication Systems in Future
8.3 Earth Observation and Remote Sensing
8.3.1 Compact Nature of Nanosatellites and Microsatellites Led to Efficient Earth Observation and Remote Sensing
8.4 Scientific Research
8.4.1 Endless Prospects in Space Research to Open Up With Evolving Nanosatellites and Microsatellites
8.5 Biological Experiments
8.5.1 Low Cost of Nanosatellites and Microsatellites to Increase the Overall Adoption for Experiments
8.6 Technology Demonstration and Verification
8.6.1 Nanosatellites and Microsatellites Offer a Cost-Effective Approach for Technology Demonstration and Verification Projects
8.7 Academic Training
8.7.1 Increasing Support From Government to Train Students in Small Satellite Development
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
8.9 Reconnaissance
8.9.1 Reconnaissance Application to be Majorly Adopted for Military and Defense Purposes Set to Grow in the Future
9 Nanosatellite and Microsatellite Market By Vertical (Page No. - 75)
9.1 Introduction
9.2 Government
9.2.1 Government Initiatives to Increase the Number of Nanosatellite and Microsatellite Launches
9.3 Civil
9.3.1 Civil Vehicle Tracking and Weather Monitoring to Drive the Adoption of Nanosatellites and Microsatellites Across the Civil Vertical
9.4 Commercial
9.4.1 Use of Nanosatellites and Microsatellites for Commercial Purposes to Grow Owing to Low Costs
9.5 Defense
9.5.1 General Trend of Miniaturization of Technology and Increasing Capabilities of Nanosatellites and Microsatellites to Drive the Market Growth
9.6 Energy and Infrastructure
9.6.1 Use of Nanosatellites and Microsatellites to Detect and Monitor Oil and Gas Wells
9.7 Maritime and Transportation
9.7.1 Accuracy of Data Provided By Nanosatellites Led to Increased Adoption Across the Vertical
10 Nanosatellite and Microsatellite Market By Region (Page No. - 86)
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.1.1 Increasing Benefits of Technology-Enabled Nanosatellites and Microsatellites in the US Agriculture Vertical
10.2.2 Canada
10.2.2.1 Collaborations With International Space Agencies to Boost the Canadian Market
10.3 Europe
10.3.1 United Kingdom
10.3.1.1 Government Initiatives to Boost the Adoption of Nanosatellites and Microsatellites
10.3.2 Russia
10.3.2.1 Growing Reliability of Russia on Self-Developed Space Systems
10.3.3 France
10.3.3.1 Increasing Partnerships Among Local Companies to Boost the French Nanosatellite and Microsatellite Market
10.3.4 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 Growth of Self-Made Space Technology to Increase the Number of Space Programs in China
10.4.2 Japan
10.4.2.1 Japan’s Private Space Industry Plays a Key Role in the Government’s Space Program
10.4.3 India
10.4.3.1 Upcoming Nanosatellite Space Initiatives to Drive the Indian Nanosatellite and Microsatellite Market
10.4.4 Rest of Asia Pacific
10.5 Rest of the World
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. - 114)
11.1 Overview
11.2 Competitive Leadership Mapping
11.2.1 Visionary Leaders
11.2.2 Dynamic Differentiators
11.2.3 Innovators
11.2.4 Emerging Companies
11.2.5 Ranking of Key Players
11.3 Competitive Scenario
11.3.1 New Product Launches
11.3.2 Partnerships
12 Company Profiles (Page No. - 118)
(Business Overview, Products Offered, Solutions and Services Offered, Recent Developments & SWOT Analysis)*
12.1 Introduction
12.2 Gomspace
12.3 Lockheed Martin
12.4 L3Harris
12.5 Sierra Nevada Corporation
12.6 AAC Clyde Space
12.7 Planet Labs
12.8 Tyvak
12.9 NanoAvionics
12.10 Innovative Solutions in Space
12.11 SpaceQuest
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 Right-to-Win
*Details on Business Overview, Products Offered, Solutions and Services Offered, Recent Developments & SWOT Analysis Might Not be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 153)
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details
List of Tables (129 Tables)
Table 1 Nanosatellite and Microsatellite Market Size, By Component, 2017–2024 (USD Million)
Table 2 Hardware: Market Size By Subsystem, 2017–2024 (USD Million)
Table 3 Hardware: Market Size By Region, 2017–2024 (USD Million)
Table 4 North America: Hardware Market Size, By Country, 2017–2024 (USD Million)
Table 5 Europe: Hardware Market Size, By Country, 2017–2024 (USD Million)
Table 6 Software and Data Processing: Nanosatellite and Microsatellite Market Size, By Region, 2017–2024 (USD Million)
Table 7 North America: Software and Data Processing Market Size, By Country, 2017–2024 (USD Million)
Table 8 Europe: Software and Data Processing Market Size, By Country, 2017–2024 (USD Million)
Table 9 Space Services: Market Size By Region, 2017–2024 (USD Million)
Table 10 North America: Space Services Market Size, By Country, 2017–2024 (USD Million)
Table 11 Europe: Space Services Market Size, By Country, 2017–2024 (USD Million)
Table 12 Launch Services: Market Size By Region, 2017–2024 (USD Million)
Table 13 North America: Launch Services Market Size, By Country, 2017–2024 (USD Million)
Table 14 Europe: Launch Services Market Size, By Country, 2017–2024 (USD Million)
Table 15 Nanosatellite and Microsatellite Market Size, By Type, 2017–2024 (USD Million)
Table 16 Nanosatellite: Market Size By Region, 2017–2024 (USD Million)
Table 17 North America: Nanosatellite Market Size, By Country, 2017–2024 (USD Million)
Table 18 Europe: Nanosatellite Market Size, By Country, 2017–2024 (USD Million)
Table 19 Microsatellite: Market Size By Region, 2017–2024 (USD Million)
Table 20 North America: Microsatellite Market Size, By Country, 2017–2024 (USD Million)
Table 21 Europe: Microsatellite Market Size, By Country, 2017–2024 (USD Million)
Table 22 Nanosatellite and Microsatellite Market Size, By Application, 2017–2024 (USD Million)
Table 23 Communication: Market Size By Region, 2017–2024 (USD Million)
Table 24 North America: Communication Market Size, By Country, 2017–2024 (USD Million)
Table 25 Europe: Communication Market Size, By Country, 2017–2024 (USD Million)
Table 26 Earth Observation and Remote Sensing: Market Size By Region, 2017–2024 (USD Million)
Table 27 North America: Earth Observation and Remote Sensing Market Size, By Country, 2017–2024 (USD Million)
Table 28 Europe: Earth Observation and Remote Sensing Market Size, By Country, 2017–2024 (USD Million)
Table 29 Scientific Research: Nanosatellite and Microsatellite Market Size, By Region, 2017–2024 (USD Million)
Table 30 North America: Scientific Research Market Size, By Country, 2017–2024 (USD Million)
Table 31 Europe: Scientific Research Market Size, By Country, 2017–2024 (USD Million)
Table 32 Biological Experiments: Nanosatellite and Microsatellite Market Size, By Region, 2017–2024 (USD Million)
Table 33 North America: Biological Experiments Market Size, By Country, 2017–2024 (USD Million)
Table 34 Europe: Biological Experiments Market Size, By Country, 2017–2024 (USD Million)
Table 35 Technology Demonstration and Verification: Market Size By Region, 2017–2024 (USD Million)
Table 36 North America: Technological Demonstrations and Verification Market Size, By Country, 2017–2024 (USD Million)
Table 37 Europe: Technological Demonstrations and Verification Market Size, By Country, 2017–2024 (USD Million)
Table 38 Academic Training: Nanosatellite and Microsatellite Market Size, By Region, 2017–2024 (USD Million)
Table 39 North America: Academic Training Market Size, By Country, 2017–2024 (USD Million)
Table 40 Europe: Academic Training Market Size, By Country, 2017–2024 (USD Million)
Table 41 Mapping and Navigation: Market Size By Region, 2017–2024 (USD Million)
Table 42 North America: Mapping and Navigation Market Size, By Country, 2017–2024 (USD Million)
Table 43 Europe: Mapping and Navigation Market Size, By Country, 2017–2024 (USD Million)
Table 44 Reconnaissance: Market Size By Region, 2017–2024 (USD Million)
Table 45 North America: Reconnaissance Market Size, By Country, 2017–2024 (USD Million)
Table 46 Europe: Reconnaissance Market Size, By Country, 2017–2024 (USD Million)
Table 47 Nanosatellite and Microsatellite Market Size, By Vertical, 2017–2024 (USD Million)
Table 48 Government: Market Size By Region, 2017–2024 (USD Million)
Table 49 North America: Government Market Size, By Country, 2017–2024 (USD Million)
Table 50 Europe: Government Market Size, By Country, 2017–2024 (USD Million)
Table 51 Civil: Nanosatellite and Microsatellite Market Size, By Region, 2017–2024 (USD Million)
Table 52 North America: Civil Market Size, By Country, 2017–2024 (USD Million)
Table 53 Europe: Civil Market Size, By Country, 2017–2024 (USD Million)
Table 54 Commercial: Market Size By Region, 2017–2024 (USD Million)
Table 55 North America: Commercial Market Size, By Country, 2017–2024 (USD Million)
Table 56 Europe: Commercial Market Size, By Country, 2017–2024 (USD Million)
Table 57 Defense: Nanosatellite and Microsatellite Market Size, By Region, 2017–2024 (USD Million)
Table 58 North America: Defense Market Size, By Country, 2017–2024 (USD Million)
Table 59 Europe: Defense Market Size, By Country, 2017–2024 (USD Million)
Table 60 Energy and Infrastructure: Market Size By Region, 2017–2024 (USD Million)
Table 61 North America: Energy and Infrastructure Market Size, By Country, 2017–2024 (USD Million)
Table 62 Europe: Energy and Infrastructure Market Size, By Country, 2017–2024 (USD Million)
Table 63 Maritime and Transportation: Market Size By Region, 2017–2024 (USD Million)
Table 64 North America: Maritime and Transportation Market Size, By Country, 2017–2024 (USD Million)
Table 65 Europe: Maritime and Transportation Market Size, By Country, 2017–2024 (USD Million)
Table 66 Nanosatellite and Microsatellite Market Size, By Region, 2017–2024 (USD Million)
Table 67 North America: Nanosatellite and Microsatellite Market Size, By Component, 2017–2024 (USD Million)
Table 68 North America: Market Size By Type, 2017–2024 (USD Million)
Table 69 North America: Market Size By Application, 2017–2024 (USD Million)
Table 70 North America: Market Size By Vertical, 2017–2024 (USD Million)
Table 71 North America: Market Size By Country, 2017–2024 (USD Million)
Table 72 United States: Nanosatellite and Microsatellite Market Size, By Component, 2017–2024 (USD Million)
Table 73 United States: Market Size By Type, 2017–2024 (USD Million)
Table 74 United States: Market Size By Application, 2017–2024 (USD Million)
Table 75 United States: Market Size By Vertical, 2017–2024 (USD Million)
Table 76 Canada: Nanosatellite and Microsatellite Market Size, By Component, 2017–2024 (USD Million)
Table 77 Canada: Market Size By Type, 2017–2024 (USD Million)
Table 78 Canada: Market Size By Application, 2017–2024 (USD Million)
Table 79 Canada: Market Size By Vertical, 2017–2024 (USD Million)
Table 80 Europe: Nanosatellite and Microsatellite Market Size, By Component, 2017–2024 (USD Million)
Table 81 Europe: Market Size By Type, 2017–2024 (USD Million)
Table 82 Europe: Market Size By Application, 2017–2024 (USD Million)
Table 83 Europe: Market Size By Vertical, 2017–2024 (USD Million)
Table 84 Europe: Market Size By Country, 2017–2024 (USD Million)
Table 85 United Kingdom: Nanosatellite and Microsatellite Market Size, By Component, 2017–2024 (USD Million)
Table 86 United Kingdom: Market Size By Type, 2017–2024 (USD Million)
Table 87 United Kingdom: Market Size By Application, 2017–2024 (USD Million)
Table 88 United Kingdom: Market Size By Vertical, 2017–2024 (USD Million)
Table 89 Russia: Nanosatellite and Microsatellite Market Size, By Component, 2017–2024 (USD Million)
Table 90 Russia: Market Size By Type, 2017–2024 (USD Million)
Table 91 Russia: Market Size By Application, 2017–2024 (USD Million)
Table 92 Russia: Market Size By Vertical, 2017–2024 (USD Million)
Table 93 France: Nanosatellite and Microsatellite Market Size, By Component, 2017–2024 (USD Million)
Table 94 France: Market Size By Type, 2017–2024 (USD Million)
Table 95 France: Market Size By Application, 2017–2024 (USD Million)
Table 96 France: Market Size By Vertical, 2017–2024 (USD Million)
Table 97 Rest of Europe: Nanosatellite and Microsatellite Market Size, By Component, 2017–2024 (USD Million)
Table 98 Rest of Europe: Market Size By Type, 2017–2024 (USD Million)
Table 99 Rest of Europe: Market Size By Application, 2017–2024 (USD Million)
Table 100 Rest of Europe: Market Size By Vertical, 2017–2024 (USD Million)
Table 101 Asia Pacific: Nanosatellite and Microsatellite Market Size, By Component, 2017–2024 (USD Million)
Table 102 Asia Pacific: Market Size By Type, 2017–2024 (USD Million)
Table 103 Asia Pacific: Market Size By Application, 2017–2024 (USD Million)
Table 104 Asia Pacific: Market Size By Vertical, 2017–2024 (USD Million)
Table 105 Asia Pacific: Market Size By Country, 2017–2024 (USD Million)
Table 106 Rest of the World: Nanosatellite and Microsatellite Market Size, By Component, 2017–2024 (USD Million)
Table 107 Rest of the World: Market Size By Type, 2017–2024 (USD Million)
Table 108 Rest of the World: Market Size By Application, 2017–2024 (USD Million)
Table 109 Rest of the World: Market Size By Vertical, 2017–2024 (USD Million)
Table 110 Rest of the World: Market Size By Country, 2017–2024 (USD Million)
Table 111 Evaluation Criteria
Table 112 Ranking of Key Players in the Nanosatellite and Microsatellite Market, 2018
Table 113 New Product Launches, 2018–2019
Table 114 Partnerships, 2018–2019
Table 115 Gomspace: Inorganic Growth Strategies
Table 116 Gomspace: Organic Growth Strategies
Table 117 Lockheed Martin: Inorganic Growth Strategies
Table 118 Lockheed Martin: Organic Growth Strategies
Table 119 L3Harris: Inorganic Growth Strategies
Table 120 L3Harris: Organic Growth Strategies
Table 121 AAC Clyde Space: Inorganic Growth Strategies
Table 122 Planet Labs: Inorganic Growth Strategies
Table 123 Planet Labs: Organic Growth Strategies
Table 124 Tyvak: Inorganic Growth Strategies
Table 125 Tyvak: Organic Growth Strategies
Table 126 NanoAvionics: Inorganic Growth Strategies
Table 127 NanoAvionics: Organic Growth Strategies
Table 128 Isispace: Inorganic Growth Strategies
Table 129 SpaceQuest: Organic Growth Strategies
List of Figures (29 Figures)
Figure 1 Nanosatellite and Microsatellite Market: Research Design
Figure 2 Market Top-Down and Bottom-Up Approaches
Figure 3 Factor Analysis
Figure 4 Competitive Leadership Mapping: Criteria Weightage
Figure 5 Nanosatellite and Microsatellite Market to Witness a Steady Growth During the Forecast Period
Figure 6 Top 3 Leading Segments in the Market in 2019
Figure 7 Market Regional Market Scenario
Figure 8 Market Top 3 Segments, 2019
Figure 9 Nanosatellite Segment to Account for a Higher Market Share in 2019
Figure 10 Low Manufacturing Cost of Miniature Satellites to Drive the Nanosatellite and Microsatellite Market Growth During the Forecast Period
Figure 11 Nanosatellite Segment and North America Region to Account for Higher Market Shares in North America in 2019
Figure 12 Europe to Grow at the Highest CAGR During the Forecast Period
Figure 13 North America and Europe to Emerge as the Best Markets for Investments Over the Next 5 Years
Figure 14 Drivers, Restraints, Opportunities, and Challenges: Nanosatellite and Microsatellite Market
Figure 15 Evolution: Nanosatellite and Microsatellite
Figure 16 Software and Data Processing Segment to Grow at the Highest CAGR During the Forecast Period
Figure 17 Nanosatellite Segment to Grow at a Higher CAGR During the Forecast Period
Figure 18 Earth Observation and Remote Sensing Segment to Grow at the Highest CAGR During the Forecast Period
Figure 19 Commercial Segment to Grow at the Highest CAGR During the Forecast Period
Figure 20 Europe to Grow at the Highest CAGR During the Forecast Period
Figure 21 North America: Market Snapshot
Figure 22 Nanosatellite and Microsatellites Market (Global), Competitive Leadership Mapping, 2018
Figure 23 Key Developments By Leading Players in the Nanosatellite and Microsatellite Market (2018–2019)
Figure 24 Gomspace: Company Snapshot
Figure 25 Gomspace: SWOT Analysis
Figure 26 Lockheed Martin: Company Snapshot
Figure 27 Lockheed Martin: SWOT Analysis
Figure 28 L3Harris: Company Snapshot
Figure 29 L3Harris: SWOT Analysis
The study involved 4 major steps to estimate the current market size for the nanosatellite and microsatellite market. An 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. Thereafter, 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 further conducted 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:
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)
Speak to analyst to detect blind spots in your revenue decisions by analysing interconnected unknowns around ""
- Triangulate with your Own Data
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- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
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- What are the Known and Unknown Adjacencies Impacting the Nanosatellite and Microsatellite Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Nanosatellite and Microsatellite Market
Understanding of the nano and microsatellites.
Detailed understanding of the Space Commercialization
Interested in the he market value subdivision relative to launch, components, telecommunication services between earth and satellites.
Deep understanding of the small satellite market, microgravity market, and future launchers of the orbital and suborbital markets.
Gather insights into Nanosatellite and Microsatellite Market