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.
The global Nano and Microsatellite market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Nano and Microsatellite volume and value at global level, regional level and company level. From a global perspective, this report represents overall Nano and Microsatellite market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Nano and Microsatellite in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Nano and Microsatellite manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
Lockheed Martin
Northrop Gruman
Raytheon
Dynetics
Surrey Satellite Technology
Axelspace
Sierra Nevada
Clyde Space
Planet Labs
Dauria Aerospace
CASC
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Microsatellite
Nanosatellite
Segment by Application
National Security
Science & Environment
Commercial
Other
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 Nano and Microsatellite Market Professional Survey Report 2019. It is complete Research Study and Industry Analysis of Nano and Microsatellite market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.