Nanosatellite and Microsatellite Market

Nanosatellite and Microsatellite Market by Component (Hardware, Software & Data Processing, Launch Services, Space Services), Type (Nanosatellite, Microsatellite), Application, Vertical (Government, Defense), Orbit, and Region - Global Forecast to 2026

Report Code: TC 2267 Aug, 2021, by marketsandmarkets.com

[209 Pages Report] The global Nanosatellite and Microsatellite Market size is expected to grow from USD 2.3 billion in 2021 to USD 5.7 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 20.4% during the forecast period. The space industry is moving toward a future with large constellations of nanosatellites and microsatellites capable of providing all types of services in large geographical areas or across the globe. These satellites find major applications in biological experiments, communication, agriculture, navigation and mapping, education, scientific research, exploration, and earth observation. The support from governments and growing investments are the key factors boosting the launch of nanosatellites and microsatellites.

Nanosatellite and Microsatellite Market

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COVID-19 Impact on the Global Nanosatellite and Microsatellite Market

The outbreak of COVID-19 has taught all organizations a lot about being prepared for such uncertain and unprecedented times. Governments and businesses involved with space are reacting differently to the new situation. Some satellite launches are moving forward, while some are not; some tests continue, and some are delayed; some companies still operate, and others have shuttered.

Nanosatellite and Microsatellite Market Dynamics

Driver: Profilteration of LEO-based services to better connect remote and inaccessible regions

Recently, billions of dollars are being invested in a new generation of satellites that orbit the Earth at a low altitude. These LEO satellites better connect remote and inaccessible regions. The demand for LEO-based services, the availability of funding, the high-speed broadband, the growth of governments in industrialized countries, and the demand for low-cost broadband among individual consumers in less developed countries is driving the market of nanosatellites and microsatellites. These market drivers inspire investments in smallsat-based LEO constellations. According to the Science and Technology Policy Institute, satellite broadband capacity demand (served by both small and larger satellites in Geo-synchronous Earth Orbit (GEO), Medium Earth Orbit (MEO), and LEO orbits) will grow at a CAGR of 29% by 2024, reaching more than three terabits of bandwidth 12; however, proposed LEO constellations can collectively deliver almost 10 times as much, if operational. This, in turn, would lead to some LEO constellations either not deploying fully or failing. If this were to occur, it would not be too dissimilar to the dot-com bubble of the 1990s, where several companies failed, leaving behind a small number of robust organizations, infrastructure, and a trained workforce.

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. The process of procuring the launch is complex enough for small satellite operators. Thus companies, such as Spaceflight Industries (US), ECM Space (Germany), TriSept (US), Tyvak (US), and Innovative Solutions in Space (Netherlands), have developed technologies to safely include large numbers of small satellites as secondary payloads on large launchers.

Opportunity: Growth in the demand for satellite imagery from non-government players

The growth in the demand for satellite imagery is expected to come from non-governmental actors that could use images and image-based analytics for agriculture, economic forecasting, urban planning, and resource management, disaster monitoring, retail, maritime, and other applications. According to a report by Science and Technology Policy Institute in 2019, it is expected that the small satellite imagery market will rise at a CAGR of 49%, which could take the market from USD 15 million in 2015 to USD 8.8 billion by 2030. SpaceWorks 2020 report estimates the growth in market share of commercial operators' use of satellites to increase from 55% in 2020 to 70% by 2024.

Challenge: Raising capital and funding of satellite manufacturing and launch

The growth in the demand for satellite imagery is expected to come from non-governmental actors that could use images and image-based analytics for agriculture, economic forecasting, urban planning, and resource management, disaster monitoring, retail, maritime, and other applications. According to a report by Science and Technology Policy Institute in 2019, it is expected that the small satellite imagery market will rise at a CAGR of 49%, which could take the market from USD 15 million in 2015 to USD 8.8 billion by 2030. SpaceWorks 2020 report estimates the growth in market share of commercial operators' use of satellites to increase from 55% in 2020 to 70% by 2024.

By Component, the Software and Data Processing segment to have a higher growth during the forecast period

The Software and Data Processing component of the Nanosatellite and Microsatellite Market is expected to have a higher growth rate during the forecast period. This segment includes revenues from various software packages as well as data processing suites that are required for accepting and extracting actionable information from raw satellite data at the ground station. It includes revenues from onboard nanosatellite and microsatellite software.

By Type, the Nanosatellite segment to dominate the market during the forecast period

By Type, Nanosatellite market allows stimulated developments and enables the collaboration of different platform and services. Nanosatellite services help meet the various business challenges; thus, creating growth opportunities and accelerating technological innovation.

By region, Europe to record the highest growth during the forecast period

Europe Nanosatellite and Microsatellite Market is estimated to have strong growth in the future. Europe is one of the fastest-developing regions in the world. With the constant rise in technologies, there is a steady growth in the amount of launch services, softare and data processing in the region.

Nanosatellite and Microsatellite Market  by Region

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Key Market Players

The report includes the study of key players offering nanosatellite and microsatellite services. It profiles major vendors in the global nanosatellite and microsatellite market. The 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), Surrey Satellite Technology(England), Pumpkin(US), OHB SE(Germany), TYVAK (US), NanoAvionics (US), Northrop Grumman (US), GAUSS(Italy), Spire Global(US), SpaceQuest(US), Dauria Aerospace(Russia), RUAG Space(Switzerland), Raytheon(US), EnduroSat(Bulgaria), Astrocast(Switzerland), Millennium Space Systems(US), Swarm(US), Alen Space(Spain), Excolaunch(Germany), and Axelspace(Japan). These players have adopted various strategies to grow in the global nanosatellite and microsatellite market.

The study includes an in-depth competitive analysis of these key players in the nanosatellite and microsatellite market with their company profiles, recent developments, and key market strategies.

Scope of the Report

Report Metrics

Details

Market size available for years

2020-2026

Base year considered

2021

Forecast period

2021-2026

Forecast units

Value (USD Million)

Segments covered

By Component, By Type, By Vertical, By Application, By Orbit and Region

Regions covered

North America, Europe, APAC, and RoW.

Companies covered

GomSpace (Denmark), Lockheed Martin (US), L3Harris(US), Sierra Nevada Corporation(US), AAC Clyde Space(Scotland), Planet Labs(US), Surrey Satellite Technology(England), Pumpkin(US), OHB SE(Germany), TYVAK (US), NanoAvionics (US), Northrop Grumman (US), GAUSS(Italy), Spire Global(US), SpaceQuest(US), Dauria Aerospace(Russia), RUAG Space(Switzerland), Raytheon(US), EnduroSat(Bulgaria), Astrocast(Switzerland), Millennium Space Systems(US), Swarm(US), Alen Space(Spain), Excolaunch(Germany), and Axelspace(Japan).

This research report categorizes the Nanosatellite and Microsatellite Market to forecast revenues and analyze trends in each of the following subsegments:

By Component:

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

By Type:

  • Nanosatellite
  • Microsatellite

By Vertical:

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

By Application:

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

By Orbit:

  • Non-Polar Inclined
  • Sun-Synchronous Orbit
  • Polar Orbit

By Region:

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Russia
    • France
    • Rest of Europe
  • APAC
    • China
    • Japan
    • India
    • Rest of APAC
  • Rest Of World
    • Middle East
    • Africa
    • Latin America

Recent Developments:

  • In July 2021, Surrey Satellite Technology Limited launched its first geostationary satellite platform Eutelsat Quantum.
  • In June 2021, Lockheed Martin launched GPS III Space vehicle 05 which is the latest next-generation GPS III satellite.
  • In May 2021, L3Harris and Air Tractor partnered to create an affordable, production-ready ISR strike system that will combine Air Tractor’s rugged platform with L3Harris’ mature mission solutions.
  • In May 2021, Gomspace and SIGCOM collaborated for the FNR-funded MegaLEO project. MegaLEO will advance state-of-the-art of large satellite constellations that operate semi-autonomously by deciding and executing satellite and network operation configurations in space.
  • In April 2021, Lockheed Martin and Thales Australia have finalized an agreement advancing the delivery of an Australian guided weapons manufacturing capability in support of a sovereign national guided weapons enterprise.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 22)
    1.1 INTRODUCTION TO COVID-19
    1.2 COVID-19 HEALTH ASSESSMENT
           FIGURE 1 COVID-19: GLOBAL PROPAGATION
           FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES
    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 GLOBAL ECONOMY
                    FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY
    1.4 OBJECTIVES OF THE STUDY
    1.5 MARKET DEFINITION
           1.5.1 INCLUSIONS AND EXCLUSIONS
    1.6 MARKET SCOPE
           1.6.1 MARKET SEGMENTATION
           1.6.2 REGIONS COVERED
           1.6.3 YEARS CONSIDERED FOR THE STUDY
    1.7 CURRENCY CONSIDERED
    1.8 STAKEHOLDERS
    1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 32)
    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 DATA TRIANGULATION
    2.3 MARKET SIZE ESTIMATION
           FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE OF HARDWARE/SOFTWARE/SERVICES OF THE MARKET
           FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL SOFTWARE/HARDWARE/SERVICES OF THE NANOSATELLITE AND MICROSATELLITE MARKET
           FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2— BOTTOM-UP (DEMAND SIDE): SOFTWARE/SERVICES
    2.4 MARKET FORECAST
           FIGURE 10 FACTOR ANALYSIS
    2.5 ASSUMPTIONS FOR THE STUDY
    2.6 LIMITATIONS OF THE STUDY

3 EXECUTIVE SUMMARY (Page No. - 40)
    FIGURE 11 NANOSATELLITE AND MICROSATELLITE MARKET: OVERALL VIEW
    FIGURE 12 MARKET: GROWTH TREND
    FIGURE 13 ASIA PACIFIC TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 43)
    4.1 BRIEF OVERVIEW OF THE NANOSATELLITE AND MICROSATELLITE MARKET
           FIGURE 14 RISING DEMAND FOR EARTH OBSERVATION-RELATED APPLICATIONS TO DRIVE THE MARKET GROWTH DURING THE FORECAST PERIOD
    4.2 NORTH AMERICAN MARKET, BY COMPONENT AND TYPE
           FIGURE 15 HARDWARE AND NANOSATELLITE SEGMENTS TO ACCOUNT FOR LARGER MARKET SHARES IN NORTH AMERICA IN 2021
    4.3 EUROPEAN MARKET, BY COMPONENT AND TYPE
           FIGURE 16 HARDWARE AND NANOSATELLITE SEGMENTS TO ACCOUNT FOR LARGER MARKET SHARES IN EUROPE IN 2021
    4.4 ASIA PACIFIC MARKET, BY COMPONENT AND TYPE
           FIGURE 17 HARDWARE AND NANOSATELLITE SEGMENTS TO ACCOUNT FOR LARGER MARKET SHARES IN ASIA PACIFIC IN 2021

5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 47)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: NANOSATELLITE AND MICROSATELLITE MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Proliferation of LEO-based services to better connect remote and inaccessible regions
                    5.2.1.2 Rapid escalation of the production and launch of small satellites to revolutionize the space industry
                               TABLE 1 NUMBER OF NANOSATELLITE LAUNCHED, APRIL 2021
                    5.2.1.3 Rising demand for Earth observation related applications
           5.2.2 RESTRAINTS
                    5.2.2.1 Limited access to space
                    5.2.2.2 Stringent government regulations to hinder the growth
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growth in the demand for satellite imagery from non-governmental players
                    5.2.3.2 Increase in the number of application areas
                    5.2.3.3 Increase in the number of space exploration missions
                    5.2.3.4 Growing technological advancements to transform space exploration
           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 CASE STUDY ANALYSIS
           5.3.1 NANOAVIONICS
           5.3.2 GOMSPACE
           5.3.3 ALEN SPACE
           5.3.4 GOMSPACE
           5.3.5 GOMSPACE
    5.4 AVERAGE SELLING PRICE TREND
           TABLE 2 PRICING RANGE FOR SATELLITES
           TABLE 3 PRICING RANGE FOR SATELLITE SUBSYSTEMS
           TABLE 4 PRICING RANGE FOR CUBESATS
           TABLE 5 PRICING RANGE FOR CUBESAT SUBSYSTEMS
    5.5 PATENT ANALYSIS
           TABLE 6 INNOVATIONS AND PATENT REGISTRATIONS, 2012–2017
           FIGURE 19 NUMBER OF PATENTS GRANTED IN A YEAR OVER THE LAST TEN YEARS
    5.6 COVID-19 MARKET OUTLOOK FOR NANOSATELLITE AND MICROSATELLITE MARKET
           FIGURE 20 PROLIFERATION OF LEO-BASED SERVICES TO ACCELERATE GROWTH OF THE MARKET
           FIGURE 21 KEY ISSUES: CONCERNS RELATED TO SPACE DEBRIS TO RESTRICT THE MARKET GROWTH
    5.7 IMPACT OF DISRUPTIVE TECHNOLOGIES
           5.7.1 ARTIFICIAL INTELLIGENCE
           5.7.2 INTERNET OF THINGS
           5.7.3 DYNAMIC SPECTRUM ACCESS TECHNOLOGIES
    5.8 VALUE CHAIN ANALYSIS
           FIGURE 22 VALUE CHAIN ANALYSIS FOR THE MARKET
    5.9 ECOSYSTEM
           TABLE 7 MARKET: ECOSYSTEM
    5.10 PORTER'S FIVE FORCES MODEL
           TABLE 8 IMPACT OF EACH FORCE ON THE NANOSATELLITE AND MICROSATELLITE MARKET
           5.10.1 THREAT OF NEW ENTRANTS
           5.10.2 THREAT OF SUBSTITUTES
           5.10.3 BARGAINING POWER OF SUPPLIERS
           5.10.4 BARGAINING POWER OF BUYERS
           5.10.5 DEGREE OF COMPETITION
    5.11 TRENDS/DISRUPTIONS IMPACTING BUYERS
                    FIGURE 23 REVENUE SHIFT IN THE MARKET

6 NANOSATELLITE AND MICROSATELLITE MARKET, BY COMPONENT (Page No. - 66)
    6.1 INTRODUCTION
           6.1.1 COMPONENT: MARKET DRIVERS
           6.1.2 COMPONENT: COVID-19 IMPACT
                    FIGURE 24 SOFTWARE AND DATA PROCESSING SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
                    TABLE 9 MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                    TABLE 10 MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
    6.2 HARDWARE
           TABLE 11 HARDWARE: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 12 HARDWARE: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    6.3 SOFTWARE AND DATA PROCESSING
           TABLE 13 SOFTWARE AND DATA PROCESSING: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 14 SOFTWARE AND DATA PROCESSING: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    6.4 SPACE SERVICES
           TABLE 15 SPACE SERVICES: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 16 SPACE SERVICES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    6.5 LAUNCH SERVICES
           TABLE 17 LAUNCH SERVICES: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 18 LAUNCH SERVICES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

7 NANOSATELLITE AND MICROSATELLITE MARKET, BY TYPE (Page No. - 73)
    7.1 INTRODUCTION
           7.1.1 TYPE: MARKET DRIVERS
           7.1.2 TYPE: COVID-19 IMPACT
                    FIGURE 25 NANOSATELLITE SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
                    TABLE 19 MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 20 MARKET SIZE, BY TYPE, 2021–2026, (USD MILLION)
    7.2 NANOSATELLITE
           TABLE 21 NANOSATELLITE: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 22 NANOSATELLITE: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    7.3 MICROSATELLITE
           TABLE 23 MICROSATELLITE: MARKET SIZE,  BY REGION, 2017–2020 (USD MILLION)
           TABLE 24 MICROSATELLITE: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

8 NANOSATELLITE AND MICROSATELLITE MARKET, BY APPLICATION (Page No. - 78)
    8.1 INTRODUCTION
           8.1.1 APPLICATION: MARKET DRIVERS
           8.1.2 APPLICATION: COVID-19 IMPACT
                    FIGURE 26 EARTH OBSERVATION AND REMOTE SENSING SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
                    TABLE 25 MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 26 MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
    8.2 COMMUNICATION
           TABLE 27 COMMUNICATION: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 28 COMMUNICATION: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.3 EARTH OBSERVATION AND REMOTE SENSING
           TABLE 29 EARTH OBSERVATION AND REMOTE SENSING: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 30 EARTH OBSERVATION AND REMOTE SENSING: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.4 SCIENTIFIC RESEARCH
           TABLE 31 SCIENTIFIC RESEARCH: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 32 SCIENTIFIC RESEARCH: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.5 BIOLOGICAL EXPERIMENTS
           TABLE 33 BIOLOGICAL EXPERIMENTS: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 34 BIOLOGICAL EXPERIMENTS: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.6 TECHNOLOGY DEMONSTRATION AND VERIFICATION
           TABLE 35 TECHNOLOGY DEMONSTRATION AND VERIFICATION: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 36 TECHNOLOGY DEMONSTRATION AND VERIFICATION: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.7 ACADEMIC TRAINING
           TABLE 37 ACADEMIC TRAINING: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 38 ACADEMIC TRAINING: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.8 MAPPING AND NAVIGATION
           TABLE 39 MAPPING AND NAVIGATION: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 40 MAPPING AND NAVIGATION: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.9 RECONNAISSANCE
           TABLE 41 RECONNAISSANCE: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 42 RECONNAISSANCE: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

9 NANOSATELLITE AND MICROSATELLITE MARKET, BY VERTICAL (Page No. - 92)
    9.1 INTRODUCTION
           9.1.1 VERTICALS: MARKET DRIVERS
           9.1.2 VERTICALS: COVID-19 IMPACT
                    FIGURE 27 COMMERCIAL SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
                    TABLE 43 MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
                    TABLE 44 MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
    9.2 GOVERNMENT
           TABLE 45 GOVERNMENT: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 46 GOVERNMENT: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    9.3 CIVIL
           TABLE 47 CIVIL: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 48 CIVIL: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    9.4 COMMERCIAL
           TABLE 49 COMMERCIAL: NANOSATELLITE AND MICROSATELLITE MARKET SIZE,  BY REGION, 2017–2020 (USD MILLION)
           TABLE 50 COMMERCIAL: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    9.5 DEFENSE
           TABLE 51 DEFENSE: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 52 DEFENSE: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    9.6 ENERGY AND INFRASTRUCTURE
           TABLE 53 ENERGY AND INFRASTRUCTURE: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 54 ENERGY AND INFRASTRUCTURE: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    9.7 MARITIME AND TRANSPORTATION
           TABLE 55 MARITIME AND TRANSPORTATION: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 56 MARITIME AND TRANSPORTATION: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

10 NANOSATELLITE AND MICROSATELLITE MARKET, BY ORBIT (Page No. - 102)
     10.1 INTRODUCTION
     10.2 NON-POLAR INCLINED ORBIT
     10.3 SUN-SYNCHRONOUS ORBIT
     10.4 POLAR ORBIT

11 NANOSATELLITE AND MICROSATELLITE MARKET, BY REGION (Page No. - 103)
     11.1 INTRODUCTION
               FIGURE 28 EUROPE TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
               TABLE 57 MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
               TABLE 58 MARKET SIZE, BY REGION 2021–2026 (USD MILLION)
     11.2 NORTH AMERICA
             11.2.1 NORTH AMERICA: MARKET DRIVERS
             11.2.2 NORTH AMERICA: COVID-19 IMPACT
             11.2.3 NORTH AMERICA: REGULATIONS AND STANDARDS
                       FIGURE 29 NORTH AMERICA: MARKET SNAPSHOT
                       TABLE 59 NORTH AMERICA: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 60 NORTH AMERICA: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 61 NORTH AMERICA: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 62 NORTH AMERICA: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                       TABLE 63 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 64 NORTH AMERICA: MARKET SIZE, BY APPLICATION 2021–2026 (USD MILLION)
                       TABLE 65 NORTH AMERICA: MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 66 NORTH AMERICA: MARKET SIZE, BY VERTICAL 2021–2026 (USD MILLION)
                       TABLE 67 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 68 NORTH AMERICA: LAUNCH SERVICES MARKET SIZE, BY COUNTRY, 2021–2026(USD MILLION)
             11.2.4 UNITED STATES
                       TABLE 69 UNITED STATES: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 70 UNITED STATES: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 71 UNITED STATES: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 72 UNITED STATES: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                       TABLE 73 UNITED STATES: MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 74 UNITED STATES: MARKET SIZE, BY APPLICATION 2021–2026 (USD MILLION)
                       TABLE 75 UNITED STATES: MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 76 UNITED STATES: MARKET SIZE, BY VERTICAL 2021–2026 (USD MILLION)
             11.2.5 CANADA
     11.3 EUROPE
             11.3.1 EUROPE: MARKET DRIVERS
             11.3.2 EUROPE: COVID-19 IMPACT
             11.3.3 EUROPE: REGULATIONS AND STANDARDS
                       FIGURE 30 EUROPE: MARKET SNAPSHOT
                       TABLE 77 EUROPE: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 78 EUROPE: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 79 EUROPE: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 80 EUROPE: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                       TABLE 81 EUROPE: MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 82 EUROPE: MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
                       TABLE 83 EUROPE: MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 84 EUROPE: MARKET SIZE, BY VERTICAL 2021–2026 (USD MILLION)
                       TABLE 85 EUROPE: MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 86 EUROPE: MARKET SIZE, BY COUNTRY 2021–2026 (USD MILLION)
             11.3.4 UNITED KINGDOM
                       TABLE 87 UNITED KINGDOM: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 88 UNITED KINGDOM: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 89 UNITED KINGDOM: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 90 UNITED KINGDOM: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                       TABLE 91 UNITED KINGDOM: MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 92 UNITED KINGDOM: MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
                       TABLE 93 UNITED KINGDOM: MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 94 UNITED KINGDOM: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
             11.3.5 RUSSIA
                       TABLE 95 RUSSIA: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 96 RUSSIA: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 97 RUSSIA: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 98 RUSSIA: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                       TABLE 99 RUSSIA: MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 100 RUSSIA: MARKET SIZE, BY APPLICATION 2021–2026 (USD MILLION)
                       TABLE 101 RUSSIA: MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 102 RUSSIA: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
             11.3.6 FRANCE
             11.3.7 REST OF EUROPE
     11.4 ASIA PACIFIC
             11.4.1 ASIA PACIFIC: MARKET DRIVERS
             11.4.2 ASIA PACIFIC: REGULATIONS
             11.4.3 ASIA PACIFIC: COVID-19 IMPACT
                       TABLE 103 ASIA PACIFIC: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 104 ASIA PACIFIC: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 105 ASIA PACIFIC: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 106 ASIA PACIFIC: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                       TABLE 107 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 108 ASIA PACIFIC: MARKET SIZE, BY APPLICATION 2021–2026 (USD MILLION)
                       TABLE 109 ASIA PACIFIC: MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 110 ASIA PACIFIC: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
                       TABLE 111 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 112 ASIA PACIFIC: MARKET SIZE, BY COUNTRY 2021–2026 (USD MILLION)
             11.4.4 CHINA
                       TABLE 113 CHINA: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 114 CHINA: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 115 CHINA: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 116 CHINA: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                       TABLE 117 CHINA: MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 118 CHINA: MARKET SIZE, BY APPLICATION 2021–2026 (USD MILLION)
                       TABLE 119 CHINA: MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 120 CHINA: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
             11.4.5 JAPAN
             11.4.6 INDIA
             11.4.7 REST OF ASIA PACIFIC
     11.5 REST OF WORLD
               TABLE 121 REST OF WORLD: NANOSATELLITE AND MICROSATELLITE MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
               TABLE 122 REST OF WORLD: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
               TABLE 123 REST OF WORLD: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
               TABLE 124 REST OF WORLD: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
               TABLE 125 REST OF WORLD: MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 126 REST OF WORLD: MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
               TABLE 127 REST OF WORLD: MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
               TABLE 128 REST OF WORLD: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
               TABLE 129 REST OF WORLD: MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 130 REST OF WORLD: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
             11.5.1 MIDDLE EAST
             11.5.2 AFRICA
             11.5.3 LATIN AMERICA

12 COMPETITIVE LANDSCAPE (Page No. - 142)
     12.1 OVERVIEW
     12.2 MARKET EVALUATION FRAMEWORK
               FIGURE 31 MARKET EVALUATION FRAMEWORK, 2019–2021
     12.3 KEY MARKET DEVELOPMENTS
             12.3.1 PRODUCT LAUNCHES
                       TABLE 131 NANOSATELLITE AND MICROSATELLITE MARKET: PRODUCT LAUNCHES, AUGUST 2019–JULY 2021
             12.3.2 DEALS
                       TABLE 132 MARKET: DEALS, FEBRUARY 2019–MAY 2021
             12.3.3 OTHERS
                       TABLE 133 MARKET: OTHERS, OCTOBER 2019–FEBRUARY 2020
     12.4 MARKET SHARE ANALYSIS OF TOP PLAYERS
               TABLE 134 MARKET: DEGREE OF COMPETITION
               FIGURE 32 REVENUE SHARE ANALYSIS OF THE MARKET IN 2021
     12.5 HISTORICAL REVENUE ANALYSIS
               FIGURE 33 REVENUE ANALYSIS OF TOP PLAYERS, 2020 (USD BILLION)
     12.6 COMPANY EVALUATION MATRIX
             12.6.1 STARS
             12.6.2 EMERGING LEADERS
             12.6.3 PERVASIVE PLAYERS
             12.6.4 PARTICIPANTS
                       FIGURE 34 NANOSATELLITE AND MICROSATELLITE MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021
     12.7 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS
               TABLE 135 PRODUCT FOOTPRINT ANALYSIS OF TOP PLAYERS IN THE MARKET
     12.8 COMPANY MARKET RANKING ANALYSIS
               FIGURE 35 RANKING OF KEY PLAYERS IN THE MARKET, 2021
     12.9 STARTUP/SME EVALUATION MATRIX METHODOLOGY AND DEFINITIONS
               FIGURE 36 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE
             12.9.1 PROGRESSIVE COMPANIES
             12.9.2 RESPONSIVE COMPANIES
             12.9.3 DYNAMIC COMPANIES
             12.9.4 STARTING BLOCKS
                       FIGURE 37 NANOSATELLITE AND MICROSATELLITE MARKET (GLOBAL): STARTUP/SME EVALUATION MATRIX, 2021

13 COMPANY PROFILES (Page No. - 154)
     13.1 MAJOR PLAYERS
(Business Overview, Products offered, strategies, Key Insights, Recent Developments, MnM View)*
             13.1.1 GOMSPACE
                       TABLE 136 GOMSPACE: BUSINESS OVERVIEW
                       FIGURE 38 GOMSPACE: COMPANY SNAPSHOT
                       TABLE 137 GOMSPACE: PRODUCTS OFFERED
                       TABLE 138 GOMSPACE: PRODUCTS LAUNCHES
                       TABLE 139 GOMSPACE: DEALS
             13.1.2 LOCKHEED MARTIN
                       TABLE 140 LOCKHEED MARTIN: BUSINESS OVERVIEW
                       FIGURE 39 LOCKHEED MARTIN: COMPANY SNAPSHOT
                       TABLE 141 LOCKHEED MARTIN: PRODUCTS OFFERED
                       TABLE 142 LOCKHEED MARTIN: PRODUCTS LAUNCHES
                       TABLE 143 LOCKHEED MARTIN: DEALS
             13.1.3 L3HARRIS
                       TABLE 144 L3HARRIS: BUSINESS OVERVIEW
                       FIGURE 40 L3HARRIS: COMPANY SNAPSHOT
                       TABLE 145 L3HARRIS: PRODUCTS OFFERED
                       TABLE 146 L3HARRIS: PRODUCTS LAUNCHES
                       TABLE 147 L3HARRIS: DEALS
             13.1.4 SIERRA NEVADA CORPORATION
                       TABLE 148 SIERRA NEVADA CORPORATION: BUSINESS OVERVIEW
                       TABLE 149 SIERRA NEVADA CORPORATION: PRODUCTS OFFERED
                       TABLE 150 SIERRA NEVADA CORPORATION: PRODUCTS LAUNCHES
                       TABLE 151 SIERRA NEVADA CORPORATION: DEALS
             13.1.5 AAC CLYDE SPACE
                       TABLE 152 AAC CLYDE SPACE: BUSINESS OVERVIEW
                       TABLE 153 AAC CLYDE SPACE: PRODUCTS OFFERED
                       TABLE 154 AAC CLYDE SPACE: PRODUCTS LAUNCHES
                       TABLE 155 AAC CLYDE SPACE: DEALS
                       TABLE 156 AAC CLYDE SPACE: OTHERS
             13.1.6 PLANET LABS
                       TABLE 157 PLANET LABS: BUSINESS OVERVIEW
                       TABLE 158 PLANET LABS: PRODUCTS OFFERED
                       TABLE 159 PLANET LABS: PRODUCTS LAUNCHES
                       TABLE 160 PLANET LABS: OTHERS
             13.1.7 SURREY SATELLITE TECHNOLOGY
                       TABLE 161 SURREY SATELLITE TECHNOLOGY: BUSINESS OVERVIEW
                       TABLE 162 SURREY SATELLITE TECHNOLOGY: PRODUCTS OFFERED
                       TABLE 163 SURREY SATELLITE TECHNOLOGY: PRODUCTS LAUNCHES
             13.1.8 PUMPKIN
                       TABLE 164 PUMPKIN: BUSINESS OVERVIEW
                       TABLE 165 PUMPKIN: PRODUCTS OFFERED
             13.1.9 OHB SE
                       TABLE 166 OHB SE: BUSINESS OVERVIEW
                       TABLE 167 OHB SE: PRODUCTS OFFERED
                       TABLE 168 OHB SE: PRODUCTS LAUNCHES
                       TABLE 169 OHB SE: DEALS
             13.1.10 TYVAK
                       TABLE 170 TYVAK: BUSINESS OVERVIEW
                       TABLE 171 TYVAK: PRODUCTS OFFERED
                       TABLE 172 TYVAK: PRODUCTS LAUNCHES
                       TABLE 173 TYVAK: DEALS
             13.1.11 NORTHROP GRUMMAN
             13.1.12 SPACEQUEST
             13.1.13 RUAG SPACE
             13.1.14 RAYTHEON
             13.1.15 MILLENNIUM SPACE SYSTEMS
             13.1.16 EXOLAUNCH
             13.1.17 ALEXSPACE
*Details on Business Overview, Products, Key Insights, Recent Developments, MnM View might not be captured in case of unlisted companies.
     13.2 START-UP/SME PLAYERS
             13.2.1 NANOAVIONICS
             13.2.2 GAUSS
             13.2.3 SPIRE GLOBAL
             13.2.4 DAURIA AEROSPACE
             13.2.5 SWARM
             13.2.6 ALEN SPACE
             13.2.7 ENDUROSAT
             13.2.8 ASTROCAST

14 ADJACENT/RELATED MARKET (Page No. - 188)
     14.1 SMALL SATELLITE MARKET
             14.1.1 MARKET DEFINITION
             14.1.2 MARKET OVERVIEW
             14.1.3 SMALL SATELLITE MARKET, BY SUBSYSTEM
                       TABLE 174 SMALL SATELLITE MARKET SIZE, BY SUBSYSTEM, 2018–2025 (USD MILLION)
                       TABLE 175 SATELLITE BUS: SMALL SATELLITE MARKET SIZE, BY SUBSYSTEM, 2018–2025 (USD MILLION)
                       TABLE 176 SATELLITE BUS: SMALL SATELLITE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                       TABLE 177 PAYLOADS: SMALL SATELLITE MARKET SIZE, BY SUBSYSTEM, 2018–2025 (USD MILLION)
                       TABLE 178 PAYLOADS: SMALL SATELLITE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                       TABLE 179 SOLAR PANELS: SMALL SATELLITE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                       TABLE 180 SATELLITE ANTENNA: SMALL SATELLITE MARKET SIZE, BY SUBSYSTEM, 2018–2025 (USD MILLION)
                       TABLE 181 SATELLITE ANTENNA: SMALL SATELLITE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
             14.1.4 SMALL SATELLITE MARKET, BY APPLICATION
                       TABLE 182 SMALL SATELLITE MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
                       TABLE 183 COMMUNICATION: SMALL SATELLITES MARKET, BY REGION,  2018–2025 (USD MILLION)
                       TABLE 184 EARTH OBSERVATION AND REMOTE SENSING: SMALL SATELLITES MARKET, BY REGION, 2018–2025 (USD MILLION)
                       TABLE 185 SCIENTIFIC RESEARCH AND EXPLORATION: SMALL SATELLITES MARKET, BY REGION, 2018–2025 (USD MILLION)
                       TABLE 186 MAPPING AND NAVIGATION: SMALL SATELLITES MARKET, BY REGION, 2018–2025 (USD MILLION)
                       TABLE 187 SURVEILLANCE AND SECURITY: SMALL SATELLITES MARKET, BY REGION, 2018–2025 (USD MILLION)
                       TABLE 188 METEOROLOGY: SMALL SATELLITES MARKET, BY REGION, 2018–2025 (USD MILLION)
                       TABLE 189 SPACE OBSERVATION: SMALL SATELLITES MARKET, BY REGION, 2018–2025 (USD MILLION)
             14.1.5 SMALL SATELLITE MARKET, BY END USER
                       TABLE 190 SMALL SATELLITE MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                       TABLE 191 COMMERCIAL, SMALL SATELLITE MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                       TABLE 192 COMMERCIAL: SMALL SATELLITE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                       TABLE 193 GOVERNMENT & DEFENSE: SMALL SATELLITE MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                       TABLE 194 GOVERNMENT & DEFENSE: SMALL SATELLITE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                       TABLE 195 DUAL USE: SMALL SATELLITE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
             14.1.6 SMALL SATELLITE MARKET, BY FREQUENCY
                       TABLE 196 SMALL SATELLITE MARKET SIZE, BY FREQUENCY, 2018–2025 (USD MILLION)
                       TABLE 197 L-BAND: SMALL SATELLITE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                       TABLE 198 S-BAND: SMALL SATELLITE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                       TABLE 199 C-BAND: SMALL SATELLITE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                       TABLE 200 X-BAND: SMALL SATELLITE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                       TABLE 201 KU-BAND: SMALL SATELLITE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                       TABLE 202 KA-BAND: SMALL SATELLITE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                       TABLE 203 Q/V-BAND: SMALL SATELLITE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                       TABLE 204 HF/VHF/UHF-BAND: SMALL SATELLITE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
     14.2 SPACE LAUNCH SERVICES MARKET
             14.2.1 MARKET DEFINITION
             14.2.2 MARKET OVERVIEW
             14.2.3 SPACE LAUNCH SERVICES MARKET, BY PAYLOAD
                       TABLE 205 SPACE LAUNCH SERVICES MARKET SIZE, BY PAYLOAD, 2015–2025 (USD MILLION)
                       TABLE 206 SATELLITE MARKET SIZE, BY REGION, 2015–2025 (USD MILLION)
                       TABLE 207 STRATOLLITE MARKET SIZE, BY REGION, 2015–2025 (USD MILLION)
                       TABLE 208 CARGO MARKET SIZE, BY REGION, 2015–2025 (USD MILLION)
                       TABLE 209 HUMAN SPACECRAFT MARKET SIZE, BY REGION, 2015–2025 (USD MILLION)
                       TABLE 210 TESTING PROBES MARKET SIZE, BY REGION, 2015–2025 (USD MILLION)

15 APPENDIX (Page No. - 203)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 AVAILABLE CUSTOMIZATIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

The study involved six major activities in estimating the current size of the nanosatellite and microsatellite Market. Exhaustive secondary research was done to collect information on the industry. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, the market breakup and data triangulation procedures were used to estimate the market size of the segments and sub segments of the nanosatellite and microsatellite Market.

Secondary Research

In the secondary research process, various secondary sources were referred to for identifying and collecting information for the study. The secondary sources included companies’ annual reports, press releases, and investor presentations, and white papers; certified publications, such as Institute of Electrical and Electronics Engineers (IEEE), nanosatellite and microsatellite Journal, NASA, ESA, UCS Satellite Database, Committee on Earth Observation Satellites (CEOS), Nanosats Database (Erik Kulu); and articles from recognized associations and government publishing sources. Secondary research was mainly used to obtain key information about the industry’s value chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both markets and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information for the report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations providing nanosatellite and microsatellite software solutions. The primary sources from the demand side included end users, such as Chief Information Officers (CIOs), consultants, service professionals, technicians and technologists, and managers at public and investor-owned utilities.

Nanosatellite and Microsatellite Market  Size, and Share

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

Market Size Estimation

Multiple approaches were adopted for the estimation and forecasting of the nanosatellite and microsatellite market. The first approach involves the estimation of the market size through the summation of companies’ revenue generated through the sales of solutions and services.

In this approach for the market estimation, the key companies were identified offering nanosatellite and microsatellite software, such as GomSpace, Lockheed Martin, L3Harris, Sierra Nevada Corporation, and AAC Clyde Space, which contribute almost 60% to the global nanosatellite and microsatellite market. After confirming these companies through primary interviews with industry experts, their total revenue through annual reports, SEC filings, and paid databases was estimated. These companies’ revenues pertaining to the Business Units (BUs) that offer nanosatellite and microsatellite services were identified through similar sources. Then, through primaries, the data of the revenue generated through specific nanosatellite and microsatellite services were collected. Collective revenue of key companies that offer nanosatellite and microsatellite services comprised 55–60% of the market, which was again confirmed through primary interviews with industry experts. With the assumption that the rest of the market share is contributed by smaller players (part of the unorganized market), the market size of organized players (55–60%) and unorganized players (40–45%) collectively was assumed to be the market size of the global E nanosatellite and microsatellite services market for FY 2019.

Data Triangulation

Report Objectives

  • To determine and forecast the global Nanosatellite and Microsatellite market by component, type, application, vertical, orbit, and region from 2017 to 2026 and to analyze the various macroeconomic and microeconomic factors that affect the market growth
  • To describe and forecast the size of the market segments with respect to four main regions: North America, Europe, Asia Pacific (APAC), and Rest of World.
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market.
  • To analyze the impact of COVID-19 on the market
  • To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall Nanosatellite and Microsatellite market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments
  • To profile the key market players, including top vendors and startups; provide a comparative analysis based on business overviews, regional presence, product offerings, business strategies, and key financials; and provide a detailed competitive landscape of the market
  • To analyze the competitive developments, such as mergers and acquisitions (M&A); new product launches and product enhancements; agreements, partnerships, and collaborations; expansions; and R&D activities in the market

Available Customizations

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

Product Analysis

  • Product Matrix which gives a detailed comparison of the product portfolio of each company

Company Information

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

Get in-depth analysis of the COVID-19 impact on the Nanosatellite and Microsatellite Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Nanosatellite and Microsatellite Market

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CAGR 2018-23

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Report Code
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Published ON
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