Product Code: GVR-2-68038-230-3
Nanosatellite And Microsatellite Market Growth & Trends:
The global nanosatellite and microsatellite market size is expected to reach USD 13.89 billion by 2030, growing at a CAGR of 23.3% from 2022 to 2030, according to a new report by Grand View Research, Inc. The upsurge in Earth observation missions and the development of Small Satellite Launch Vehicles (SSLVs) are expected to propel the growth of the market. For instance, in February 2022, EOS-04, an Earth observation satellite, was launched into a sun-synchronous polar orbit by India's Polar Satellite Launch Vehicle PSLV-C52. The satellite weighs 1,710 kg and provides high-quality photographs.
The emerging role of small satellites in the telecom sector has enabled telecom providers to accelerate 5G deployment globally, in addition to creating market opportunities for the satellite communication (Satcom) industry stakeholders. Developing small satellites for 5G deployment can particularly benefit in the form of wide-area coverage, cost-effectiveness, and reliability. Latest technologies such as new solar panel cell technology and star tracker technology are allowing providers of small satellites to strengthen their position in the broader satellite industry.
For instance, in January 2022, Sateliot, a nanosatellite and telecommunications operator based in Spain, signed a Memorandum of Understanding (MoU) with the European Space Agency, an intergovernmental organization of 22 member countries devoted to space exploration, to assess, develop, and enforce innovative products, technologies, and services with space capability using 5G. The company intends to invest approximately 100 million Euros in launching a fleet of 20 nanosatellites for 5G network design, mixed terrestrial space networks, spectrum exchange, and spectrum management.
The growth of the communications sector and the continued adoption of Internet of Things (IoT) are expected to create growth opportunities in the market. The continued adoption of IoT would particularly encourage start-ups to launch their small satellites. For instance, Hiber launched its first nanosatellite in 2019 to deliver internet connectivity to remote locations using a Hiberband modem and support potential IoT projects globally. In November 2021, Fleet Space Technologies Pty Ltd acquired USD 26 million in Series B funding to accelerate the development of its nanosatellite internet of things connectivity fleet.
The IoT nanosatellite fleet facilitates two-way communications in rural locations with inadequate mobile phone and broadband connectivity. Government support is the key factor encouraging companies to launch nanosatellites and microsatellites for communication and navigation, Earth observation, and remote sensing applications. However, frequent delays in satellite launches are leading to skepticism. Nevertheless, independent launch vehicles are being developed and low-cost sensors are being manufactured by the key companies, which is expected to help overcome the growth barriers.
Nanosatellite And Microsatellite Market Report Highlights:
- The nanosatellites segment is expected to grow at a significant CAGR over the forecast period. The progression toward low-cost satellite-based internet services is enabling a transition toward the adoption of these satellites
- The Earth observation/remote sensing segment growth can be attributed to the development of low-mass and low-power navigation sensors for small satellites, which provides impetus to new remote sensing and Earth observation missions
- The civil segment is expected to grow at a CAGR of more than 24% over the forecast period as the commercialization of small satellites introduces academic institutions and research organizations to the space technology
- Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to increased nanosatellite launches by various academic institutions and increased government support for developing space programs
Table of Contents
Chapter 1 Methodology And Scope
- 1.1 Research Methodology
- 1.2 Research Scope And Assumptions
- 1.3 List Of Data Sources
Chapter 2 Executive Summary
- 2.1 Nanosatellite And Microsatellite Market - Industry Snapshot & Key Buying Criteria, 2017 - 2030
Chapter 3 Nanosatellite And Microsatellite Industry Outlook
- 3.1 Market Segmentation And Scope
- 3.2 Nanosatellite And Microsatellite Market - Market Size And Growth Prospects
- 3.3 Nanosatellite And Microsatellite Market - Value Chain Analysis
- 3.4 Nanosatellite And Microsatellite Market - Market Dynamics
- 3.4.1 Market Driver Analysis
- 3.4.1.1 Increase In The Demand For Miniaturized Satellites In Commercial And Defense & Military Segments
- 3.4.1.2 Lower Manufacturing Cost And Time Compared To Large Satellites
- 3.4.2 Market Restraint Analysis
- 3.4.2.1 Legal And Regulatory Issues Related To Satellite Launch
- 3.5 Key Opportunities Prioritized
- 3.6 Nanosatellites And Microsatellites Launch Cost (2014 - 2018)
- 3.7 Nanosatellites And Mocrosatellites Launch Providers
- 3.8 Nanosatellite And Microsatellite Market - Key Company Analysis, 2021
- 3.9 Business Environment Analysis Tools
- 3.9.1 PEST Analysis
- 3.9.2 Porter's Five Force Analysis
Chapter 4 Nanosatellite And Microsatellite Market Mass Estimates & Trend Analysis
- 4.1 Market Estimates & Forecasts And Trend Analysis, 2017 - 2030 (Revenue, USD Million)
- 4.2 Nanosatellite And Microsatellite Market: Mass Movement Analysis
- 4.2.1 Nanosatellites
- 4.2.1.1 Market Estimates & Forecasts By Region, 2017 - 2030 (Revenue, USD Million)
- 4.2.2 Microsatellites
- 4.2.2.1 Market Estimates & Forecasts By Region, 2017 - 2030 (Revenue, USD Million)
Chapter 5 Nanosatellite And Microsatellite Market Application Estimates & Trend Analysis
- 5.1 Market Estimates & Forecasts And Trend Analysis, 2017 - 2030 (Revenue, USD Million)
- 5.2 Nanosatellite And Microsatellite Market: Application Movement Analysis
- 5.2.1 Communication & Navigation
- 5.2.1.1 Market Estimates & Forecasts By Region, 2017 - 2030 (Revenue, USD Million)
- 5.2.2 Earth Observation/Remote Sensing
- 5.2.2.1 Market Estimates & Forecasts By Region, 2017 - 2030 (Revenue, USD Million)
- 5.2.3 Scientific Research
- 5.2.3.1 Market Estimates & Forecasts By Region, 2017 - 2030 (Revenue, USD Million)
- 5.2.4 Technology & Academic Training
- 5.2.4.1 Market Estimates & Forecasts By Region, 2017 - 2030 (Revenue, USD Million)
Chapter 6 Nanosatellite And Microsatellite Market End-Use Estimates & Trend Analysis
- 6.1 Market Estimates & Forecasts And Trend Analysis, 2017 - 2030 (Revenue, USD Million)
- 6.2 Nanosatellite And Microsatellite Market: End-Use Movement Analysis
- 6.2.1 Government
- 6.2.1.1 Market Estimates & Forecasts By Region, 2017 - 2030 (Revenue, USD Million)
- 6.2.2 Defense & Security
- 6.2.2.1 Market Estimates & Forecasts By Region, 2017 - 2030 (Revenue, USD Million)
- 6.2.3 Commercial
- 6.2.3.1 Market Estimates & Forecasts By Region, 2017 - 2030 (Revenue, USD Million)
- 6.2.4 Civil
- 6.2.4.1 Market Estimates & Forecasts By Region, 2017 - 2030 (Revenue, USD Million)
Chapter 7 Nanosatellite And Microsatellite Market Regional Estimates & Trend Analysis
- 7.1 Market Estimates & Forecasts And Trend Analysis, 2017 - 2030 (Revenue, USD Million)
- 7.2 Nanosatellite And Microsatellite Market: Regional Movement Analysis
- 7.3 North America
- 7.3.1 Market Estimates & Forecasts By Mass, 2017 - 2030 (Revenue, USD Million)
- 7.3.2 Market Estimates & Forecasts By Application, 2017 - 2030 (Revenue, USD Million)
- 7.3.3 Market Estimates & Forecasts By End-Use, 2017 - 2030 (Revenue, USD Million)
- 7.3.4 U.S.
- 7.3.4.1 Market Estimates & Forecasts By Mass, 2017 - 2030 (Revenue, USD Million)
- 7.3.4.2 Market Estimates & Forecasts By Application, 2017 - 2030 (Revenue, USD Million)
- 7.3.4.3 Market Estimates & Forecasts By End-Use, 2017 - 2030 (Revenue, USD Million)
- 7.3.5 Canada
- 7.3.5.1 Market Estimates & Forecasts By Mass, 2017 - 2030 (Revenue, USD Million)
- 7.3.5.2 Market Estimates & Forecasts By Application, 2017 - 2030 (Revenue, USD Million)
- 7.3.5.3 Market Estimates & Forecasts By End-Use, 2017 - 2030 (Revenue, USD Million)
- 7.4 Europe
- 7.4.1 Market Estimates & Forecasts By Mass, 2017 - 2030 (Revenue, USD Million)
- 7.4.2 Market Estimates & Forecasts By Application, 2017 - 2030 (Revenue, USD Million)
- 7.4.3 Market Estimates & Forecasts By End-Use, 2017 - 2030 (Revenue, USD Million)
- 7.4.4 Germany
- 7.4.4.1 Market Estimates & Forecasts By Mass, 2017 - 2030 (Revenue, USD Million)
- 7.4.4.2 Market Estimates & Forecasts By Application, 2017 - 2030 (Revenue, USD Million)
- 7.4.4.3 Market Estimates & Forecasts By End-Use, 2017 - 2030 (Revenue, USD Million)
- 7.4.5 U.K.
- 7.4.5.1 Market Estimates & Forecasts By Mass, 2017 - 2030 (Revenue, USD Million)
- 7.4.5.2 Market Estimates & Forecasts By Application, 2017- 2030 (Revenue, USD Million)
- 7.4.5.3 Market Estimates & Forecasts By End-Use, 2017 - 2030 (Revenue, USD Million)
- 7.5 Asia Pacific
- 7.5.1 Market Estimates & Forecasts By Mass, 2017 - 2030 (Revenue, USD Million)
- 7.5.2 Market Estimates & Forecasts By Application, 2017 - 2030 (Revenue, USD Million)
- 7.5.3 Market Estimates & Forecasts By End-Use, 2017 - 2030 (Revenue, USD Million)
- 7.5.4 China
- 7.5.4.1 Market Estimates & Forecasts By Mass, 2017 - 2030 (Revenue, USD Million)
- 7.5.4.2 Market Estimates & Forecasts By Application, 2017 - 2030 (Revenue, USD Million)
- 7.5.4.3 Market Estimates & Forecasts By End-Use, 2017 - 2030 (Revenue, USD Million)
- 7.5.5 India
- 7.5.5.1 Market Estimates & Forecasts By Mass, 2017 - 2030 (Revenue, USD Million)
- 7.5.5.2 Market Estimates & Forecasts By Application, 2017 - 2030 (Revenue, USD Million)
- 7.5.5.3 Market Estimates & Forecasts By End-Use, 2017 - 2030 (Revenue, USD Million)
- 7.5.6 Japan
- 7.5.6.1 Market Estimates & Forecasts By Mass, 2017 - 2030 (Revenue, USD Million)
- 7.5.6.2 Market Estimates & Forecasts By Application, 2017 - 2030 (Revenue, USD Million)
- 7.5.6.3 Market Estimates & Forecasts By End-Use, 2017 - 2030 (Revenue, USD Million)
- 7.6 Latin America
- 7.6.1 Market Estimates & Forecasts By Mass, 2017 - 2030 (Revenue, USD Million)
- 7.6.2 Market Estimates & Forecasts By Application, 2017 - 2030 (Revenue, USD Million)
- 7.6.3 Market Estimates & Forecasts By End-Use, 2017 - 2030 (Revenue, USD Million)
- 7.6.4 Brazil
- 7.6.4.1 Market Estimates & Forecasts By Mass, 2017 - 2030 (Revenue, USD Million)
- 7.6.4.2 Market Estimates & Forecasts By Application, 2017 - 2030 (Revenue, USD Million)
- 7.6.4.3 Market Estimates & Forecasts By End-Use, 2017 - 2030 (Revenue, USD Million)
- 7.6.5 Mexico
- 7.6.5.1 Market Estimates & Forecasts By Mass, 2017 - 2030 (Revenue, USD Million)
- 7.6.5.2 Market Estimates & Forecasts By Application, 2017 - 2030 (Revenue, USD Million)
- 7.6.5.3 Market Estimates & Forecasts By End-Use, 2017 - 2030 (Revenue, USD Million)
- 7.7 MEA
- 7.7.1 Market Estimates & Forecasts By Mass, 2017 - 2030 (Revenue, USD Million)
- 7.7.2 Market Estimates & Forecasts By Application, 2017 - 2030 (Revenue, USD Million)
- 7.7.3 Market Estimates & Forecasts By End-Use, 2017 - 2030 (Revenue, USD Million)
Chapter 8 Competitive Landscape
- 8.1 Dauria Aerospace
- 8.1.1 Company Overview
- 8.1.2 Product Benchmarking
- 8.2 GomSpace
- 8.2.1 Company Overview
- 8.2.2 Financial Performance
- 8.2.3 Product Benchmarking
- 8.2.4 Recent Developments
- 8.3 Innovative Solutions In Space (ISIS)
- 8.3.1 Company Overview
- 8.3.2 Product Benchmarking
- 8.3.3 Recent Developments
- 8.4 Sierra Nevada Corporation (SNC)
- 8.4.1 Company Overview
- 8.4.2 Product Benchmarking
- 8.5 Spacequest Ltd.
- 8.5.1 Company Overview
- 8.5.2 Product Benchmarking
- 8.5.3 Recent Developments
- 8.6 Spire Global, Inc.
- 8.6.1 Company Overview
- 8.6.2 Product Benchmarking
- 8.6.3 Recent Developments
- 8.7 Surrey Satellite Technology Limited (SSTL)
- 8.7.1 Company Overview
- 8.7.2 Product Benchmarking
- 8.7.3 Recent Developments
- 8.8 The Boeing Company
- 8.8.1 Company Overview
- 8.8.2 Financial Performance
- 8.8.3 Product Benchmarking
- 8.8.4 Recent Developments
- 8.9 Tyvak Inc
- 8.9.1 Company Overview
- 8.9.1.1 Future Commercial Launch Opportunities
- 8.9.2 Product Benchmarking
- 8.9.3 Recent Developments
- 8.10 Vector Launch, Inc.
- 8.10.1 Company Overview
- 8.10.2 Product Benchmarking
- 8.10.3 Recent Developments