Nano and microsatellites are earth-orbiting devices that have lower mass and lesser physical dimensions as compared to a conventional satellite, such as a geostationary satellite.
Earth observation and remote sensing was the largest application segment of the market, and accounted for the highest share. A nano or microsatellite conducts functions such as providing information on weather, navigation, civilian and Earth observation, and research. The satellites are used for conventional missions, such as intelligence gathering, navigation, military communications, thermal control, telemetry, power generation, attitude control, and orbit control.
The commercial segment will grow very fast during the forecast period. The low-cost manufacturing of miniaturized satellites allows several small companies the access to space. At present, the manufacture and launch of a nanosatellite are not that expensive and has enabled private companies like Spire Global, Terra Bella, and NanoRacks to offer internet-based space exploration options to their customers. Also, several private conglomerates and tech giants are making investments in the provision of satellite-based internet connectivity services in remote areas. The use of miniaturized satellites for commercial applications will have a significant positive impact on the global nano and microsatellite market during the forecast period.
In 2019, the market size of Nano and Microsatellite is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Nano and Microsatellite.
This report studies the global market size of Nano and Microsatellite, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Nano and Microsatellite production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Lockheed Martin
Northrop Gruman
Raytheon
Dynetics
Surrey Satellite Technology
Axelspace
Sierra Nevada
Clyde Space
Planet Labs
Dauria Aerospace
CASC
Market Segment by Product Type
Microsatellite
Nanosatellite
Market Segment by Application
National Security
Science & Environment
Commercial
Other
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Nano and Microsatellite status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Nano and Microsatellite manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Nano and Microsatellite are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Nano and Microsatellite. Industry analysis & Market Report on Nano and Microsatellite is a syndicated market report, published as Global (United States, European Union and China) Nano and Microsatellite Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Nano and Microsatellite market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.