Nanosatellite and Microsatellite Market Analysis Report By Mass, By End Use (Defense & Security), By Application (Communication & Navigation, Scientific Research), And Segment Forecasts, 2019 - 2025

Published: May, 2019 | Pages: 128 | Publisher: Grand View Research
Industry: Telecommunications | Report Format: Electronic (PDF)

The global nanosatellite and microsatellite market size is expected to reach USD 4.95 billion by 2025, expanding at a CAGR of 22.2% over the forecast period, according to a new report by Grand View Research, Inc. Upsurge in earth observation missions, along with development of Small Satellite Launch Vehicles (SSLV), is expected to propel market growth.

The emerging role of small satellites in the telecom sector has enabled telecom providers to accelerate 5G deployment globally, along with creating market opportunities for satellite communication (satcom) industry stakeholders. Deploying small satellites for 5G deployment can particularly benefit in the form of wide area coverage, cost-effectiveness, and reliability. At the same time, latest technologies, such as new solar panel cell technology and star tracker technology, are also allowing small satellites to strengthen their position in the broader satellite industry.

The growth of the communications sector, coupled with the continued adoption of Internet of Things (IoT), is expected to open opportunities in the global market. The continued adoption of IoT will particularly encourage start-ups to launch their small satellites. For instance, Hiber is expected to launch its first nanosatellite in 2019 to deliver internet connectivity to remote locations using Hiberband modem and support potential IoT projects globally.

Government support is a key factor encouraging companies to launch nanosatellites and microsatellites for communication and navigation, earth observation, and remote sensing applications. Several governments are developing means to utilize the information obtained from such satellites in a more efficient manner for the public sector. For instance, the UK Space Agency’s Space for Smarter Government Program (SSGP) allows departments to share expertise, data, and services related to nanosatellites and microsatellites as well as information obtained from these satellites.

However, despite substantial growth of the global market, frequent delays in satellite launches are leading to skepticism. Nevertheless, independent launch vehicles being developed and low-cost sensors being manufactured by key companies are likely to help overcome these growth barriers.

Further key findings from the report suggest:

• The nanosatellites segment is expected to grow at a significant rate over the forecast period. The progression toward low-cost satellite-based internet services is enabling a transition towards the adoption of these satellites

• The earth observation/remote sensing segment is poised to grow at a steady rate over the forecast period as the development of low-mass and low-power navigation sensors in small satellites provides impetus to new remote sensing and earth observation missions

• The civil segment is expected to grow at a CAGR of close to 25% over the forecast period as commercialization of small satellites introduces academic institutions and research organizations to space technology

• Asia Pacific is expected to be 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

• Key players in the market include GomSpace, Innovative Solutions in Space (ISIS), SpaceQuest Ltd., and Sierra Nevada Corporation.

 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-Industry Snapshot & Key Buying Criteria, 2014 - 2025

Chapter 3 Nanosatellite And Microsatellite Industry Outlook
                   3.1 Market Segmentation & Scope
                   3.2 Nanosatellite and Microsatellite-Market Size and Growth Prospects
                   3.3 Nanosatellite and Microsatellite-Value Chain Analysis
                   3.4 Nanosatellite and Microsatellite-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 as compared to larger 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 Nanosatellite and Microsatellite Volume (Units), 2014 - 2025
                   3.7 Nanosatellites and Microsatellites Launch Cost (2014 - 2018)
                   3.8 Nanosatellites and Mocrosatellites Launch Providers and Prices (USD)
                   3.9 Nanosatellite and Microsatellite-Key Company Analysis, 2018
                   3.10 Business Environment Analysis Tools
                       3.10.1 PEST analysis
                       3.10.2 Porter's five forces analysis

Chapter 4 Nanosatellite And Microsatellite Market Mass Estimates & Trend Analysis
                   4.1 Market Estimates & Forecasts and Trend Analysis, 2014 - 2025 (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, 2014 - 2025 (Revenue, USD Million)
                       4.2.2 Microsatellites
                           4.2.2.1 Market estimates & forecasts by region, 2014 - 2025 (Revenue, USD Million)

Chapter 5 Nanosatellite And Microsatellite Market Application Estimates & Trend Analysis
                   5.1 Market Estimates & Forecasts and Trend Analysis, 2014 - 2025 (Revenue, USD Million)
                   5.2 Nanosatellite and Microsatellite Market: Application Movement Analysis
                       5.2.1 Communication and navigation
                           5.2.1.1 Market estimates & forecasts by region, 2014 - 2025 (Revenue, USD Million)
                       5.2.2 Earth observation/Remote sensing
                           5.2.2.1 Market estimates & forecasts by region, 2014 - 2025 (Revenue, USD Million)
                       5.2.3 Scientific research
                           5.2.3.1 Market estimates & forecasts by region, 2014 - 2025 (Revenue, USD Million)
                       5.2.4 Technology and academic training
                           5.2.4.1 Market estimates & forecasts by region, 2014 - 2025 (Revenue, USD Million)

Chapter 6 Nanosatellite And Microsatellite Market End Use Estimates & Trend Analysis
                   6.1 Market Estimates & Forecasts and Trend Analysis, 2014 - 2025 (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, 2014 - 2025 (Revenue, USD Million)
                       6.2.2 Defense and security
                           6.2.2.1 Market estimates & forecasts by region, 2014 - 2025 (Revenue, USD Million)
                       6.2.3 Commercial
                           6.2.3.1 Market estimates & forecasts by region, 2014 - 2025 (Revenue, USD Million)
                       6.2.4 Civil
                           6.2.4.1 Market estimates & forecasts by region, 2014 - 2025 (Revenue, USD Million)

Chapter 7 Nanosatellite And Microsatellite Market Regional Estimates & Trend Analysis
                   7.1 Market Estimates & Forecasts and Trend Analysis, 2014 - 2025 (Revenue, USD Million)
                   7.2 Nanosatellite and Microsatellite Market Share by Region, 2018 & 2025
                   7.3 North America
                       7.3.1 Market estimates & forecasts by mass, 2014 - 2025 (Revenue, USD Million)
                       7.3.2 Market estimates & forecasts by application, 2014 - 2025 (Revenue, USD Million)
                       7.3.3 Market estimates & forecasts by end use, 2014 - 2025 (Revenue, USD Million)
                       7.3.4 U.S.
                           7.3.4.1 Market estimates & forecasts by mass, 2014 - 2025 (Revenue, USD Million)
                           7.3.4.2 Market estimates & forecasts by application, 2014 - 2025 (Revenue, USD Million)
                           7.3.4.3 Market estimates & forecasts by end use, 2014 - 2025 (Revenue, USD Million)
                       7.3.5 Canada
                           7.3.5.1 Market estimates & forecasts by mass, 2014 - 2025 (Revenue, USD Million)
                           7.3.5.2 Market estimates & forecasts by application, 2014 - 2025 (Revenue, USD Million)
                           7.3.5.3 Market estimates & forecasts by end use, 2014 - 2025 (Revenue, USD Million)
                   7.4 Europe
                       7.4.1 Market estimates & forecasts by mass, 2014 - 2025 (Revenue, USD Million)
                       7.4.2 Market estimates & forecasts by application, 2014 - 2025 (Revenue, USD Million)
                       7.4.3 Market estimates & forecasts by end use, 2014 - 2025 (Revenue, USD Million)
                       7.4.4 Germany
                           7.4.4.1 Market estimates & forecasts by mass, 2014 - 2025 (Revenue, USD Million)
                           7.4.4.2 Market estimates & forecasts by application, 2014 - 2025 (Revenue, USD Million)
                           7.4.4.3 Market estimates & forecasts by end use, 2014 - 2025 (Revenue, USD Million)
                       7.4.5 U.K.
                           7.4.5.1 Market estimates & forecasts by mass, 2014 - 2025 (Revenue, USD Million)
                           7.4.5.2 Market estimates & forecasts by application, 2014 - 2025 (Revenue, USD Million)
                           7.4.5.3 Market estimates & forecasts by end use, 2014 - 2025 (Revenue, USD Million)
                   7.5 Asia Pacific
                       7.5.1 Market estimates & forecasts by mass, 2014 - 2025 (Revenue, USD Million)
                       7.5.2 Market estimates & forecasts by application, 2014 - 2025 (Revenue, USD Million)
                       7.5.3 Market estimates & forecasts by end use, 2014 - 2025 (Revenue, USD Million)
                       7.5.4 China
                           7.5.4.1 Market estimates & forecasts by mass, 2014 - 2025 (Revenue, USD Million)
                           7.5.4.2 Market estimates & forecasts by application, 2014 - 2025 (Revenue, USD Million)
                           7.5.4.3 Market estimates & forecasts by end use, 2014 - 2025 (Revenue, USD Million)
                       7.5.5 India
                           7.5.5.1 Market estimates & forecasts by mass, 2014 - 2025 (Revenue, USD Million)
                           7.5.5.2 Market estimates & forecasts by application, 2014 - 2025 (Revenue, USD Million)
                           7.5.5.3 Market estimates & forecasts by end use, 2014 - 2025 (Revenue, USD Million)
                       7.5.6 Japan
                           7.5.6.1 Market estimates & forecasts by mass, 2014 - 2025 (Revenue, USD Million)
                           7.5.6.2 Market estimates & forecasts by application, 2014 - 2025 (Revenue, USD Million)
                           7.5.6.3 Market estimates & forecasts by end use, 2014 - 2025 (Revenue, USD Million)
                   7.6 Latin America
                       7.6.1 Market estimates & forecasts by mass, 2014 - 2025 (Revenue, USD Million)
                       7.6.2 Market estimates & forecasts by application, 2014 - 2025 (Revenue, USD Million)
                       7.6.3 Market estimates & forecasts by end use, 2014 - 2025 (Revenue, USD Million)
                       7.6.4 Brazil
                           7.6.4.1 Market estimates & forecasts by mass, 2014 - 2025 (Revenue, USD Million)
                           7.6.4.2 Market estimates & forecasts by application, 2014 - 2025 (Revenue, USD Million)
                           7.6.4.3 Market estimates & forecasts by end use, 2014 - 2025 (Revenue, USD Million)
                       7.6.5 Mexico
                           7.6.5.1 Market estimates & forecasts by mass, 2014 - 2025 (Revenue, USD Million)
                           7.6.5.2 Market estimates & forecasts by application, 2014 - 2025 (Revenue, USD Million)
                           7.6.5.3 Market estimates & forecasts by end use, 2014 - 2025 (Revenue, USD Million)
                   7.7 MEA
                       7.7.1 Market estimates & forecasts by mass, 2014 - 2025 (Revenue, USD Million)
                       7.7.2 Market estimates & forecasts by application, 2014 - 2025 (Revenue, USD Million)
                       7.7.3 Market estimates & forecasts by end use, 2014 - 2025 (Revenue, USD Million)

Chapter 8 Competitive Landscape
                   8.1 Dauria Aerospace
                       8.1.1 Company overview
                           8.1.1.1 Satellite List
                       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
                           8.10.1.1 Launchers
                       8.10.2 Product benchmarking
                       8.10.3 Recent developments

List of Tables

TABLE 1 Nanosatellite and microsatellite-Industry snapshot & key buying criteria, 2014 - 2025
TABLE 2 Global nanosatellite and microsatellite market, 2014 - 2025 (Revenue, USD Million)
TABLE 3 Global nanosatellite and microsatellite market by region, 2014 - 2025 (Revenue, USD Million)
TABLE 4 Global nanosatellite and microsatellite market estimates and forecasts by mass, 2014 - 2025 (Revenue, USD Million)
TABLE 5 Global nanosatellite and microsatellite market estimates and forecasts by application, 2014 - 2025 (Revenue,USD Million)
TABLE 6 Global nanosatellite and microsatellite market estimates and forecasts by end use, 2014 - 2025 (Revenue,USD Million)
TABLE 7 Global nanosatellite market by region, 2014 - 2025 (Revenue, USD Million)
TABLE 8 Global microsatellites market by region, 2014 - 2025 (Revenue, USD Million)
TABLE 9 Global nanosatellite and microsatellite market in communication and navigation application by region, 2014 - 2025 (Revenue USD Million)
TABLE 10 Global nanosatellite and microsatellite market in earth observation/remote sensing application by region, 2014 - 2025 (Revenue, USD Million)
TABLE 11 Global nanosatellite and microsatellite market in scientific research application by region, 2014 - 2025 (Revenue, USD Million)
TABLE 12 Global nanosatellite and microsatellite market in technology and academic training application by region, 2014 - 2025 (Revenue, USD Million)
TABLE 13 Global nanosatellite and microsatellite market in government segment by region, 2014 - 2025 (Revenue USD Million)
TABLE 14 Global nanosatellite and microsatellite market in defense and security sector by region, 2014 - 2025 (Revenue, USD Million)
TABLE 15 Global nanosatellite and microsatellite market in commercial segment by region, 2014 - 2025 (Revenue, USD Million)
TABLE 16 Global nanosatellite and microsatellite market in civil sector by region, 2014 - 2025 (Revenue, USD Million)
TABLE 17 North America nanosatellite and microsatellite market by mass 2014 - 2025 (Revenue, USD Million)
TABLE 18 North America nanosatellite and microsatellite market by application, 2014 - 2025 (Revenue, USD Million)
TABLE 19 North America nanosatellite and microsatellite market by end use, 2014 - 2025 (Revenue, USD Million)
TABLE 20 U.S nanosatellite and microsatellite market by mass 2014 - 2025 (Revenue, USD Million)
TABLE 21 U.S nanosatellite and microsatellite market by application, 2014 - 2025 (Revenue, USD Million)
TABLE 22 U.S nanosatellite and microsatellite market by end use, 2014 - 2025 (Revenue, USD Million)
TABLE 23 Canada nanosatellite and microsatellite market by mass 2014 - 2025 (Revenue, USD Million)
TABLE 24 Canada nanosatellite and microsatellite market by application, 2014 - 2025 (Revenue, USD Million)
TABLE 25 Canada nanosatellite and microsatellite market by end use, 2014 - 2025 (Revenue, USD Million)
TABLE 26 Europe nanosatellite and microsatellite market by mass 2014 - 2025 (Revenue, USD Million))
TABLE 27 Europe nanosatellite and microsatellite market by application, 2014 - 2025 (Revenue, USD Million)
TABLE 28 Europe nanosatellite and microsatellite market by end use, 2014 - 2025 (Revenue, USD Million)
TABLE 29 Germany nanosatellite and microsatellite market by mass 2014 - 2025 (Revenue, USD Million)
TABLE 30 Germany nanosatellite and microsatellite market by application, 2014 - 2025 (Revenue, USD Million)
TABLE 31 Germany nanosatellite and microsatellite market by end use, 2014 - 2025 (Revenue, USD Million)
TABLE 32 U.K. nanosatellite and microsatellite market by mass 2014 - 2025 (Revenue, USD Million)
TABLE 33 U.K. nanosatellite and microsatellite market by application, 2014 - 2025 (Revenue, USD Million)
TABLE 34 U.K. nanosatellite and microsatellite market by end use, 2014 - 2025 (Revenue, USD Million)
TABLE 35 Asia Pacific nanosatellite and microsatellite market by mass 2014 - 2025 (Revenue, USD Million)
TABLE 36 Asia Pacific nanosatellite and microsatellite market by application, 2014 - 2025 (Revenue, USD Million)
TABLE 37 Asia Pacific nanosatellite and microsatellite market by end use, 2014 - 2025 (Revenue, USD Million)
TABLE 38 China nanosatellite and microsatellite market by mass 2014 - 2025 (Revenue, USD Million)
TABLE 39 China nanosatellite and microsatellite market by application, 2014 - 2025 (Revenue, USD Million)
TABLE 40 China nanosatellite and microsatellite market by end use, 2014 - 2025 (Revenue, USD Million)
TABLE 41 India nanosatellite and microsatellite market by mass 2014 - 2025 (Revenue, USD Million)
TABLE 42 India nanosatellite and microsatellite market by application, 2014 - 2025 (Revenue, USD Million)
TABLE 43 India nanosatellite and microsatellite market by end use, 2014 - 2025 (Revenue, USD Million)
TABLE 44 Japan nanosatellite and microsatellite market by mass 2014 - 2025 (Revenue, USD Million)
TABLE 45 Japan nanosatellite and microsatellite market by application, 2014 - 2025 (Revenue, USD Million)
TABLE 46 Japan nanosatellite and microsatellite market by end use, 2014 - 2025 (Revenue, USD Million)
TABLE 47 Latin America nanosatellite and microsatellite market by mass 2014 - 2025 (Revenue, USD Million)
TABLE 48 Latin America nanosatellite and microsatellite market by application, 2014 - 2025 (Revenue, USD Million)
TABLE 49 Latin America nanosatellite and microsatellite market by end use, 2014 - 2025 (Revenue, USD Million)
TABLE 50 Brazil nanosatellite and microsatellite market by mass 2014 - 2025 (Revenue, USD Million)
TABLE 51 Brazil nanosatellite and microsatellite market by application, 2014 - 2025 (Revenue, USD Million)
TABLE 52 Brazil nanosatellite and microsatellite market by end use, 2014 - 2025 (Revenue, USD Million)
TABLE 53 Mexico nanosatellite and microsatellite market by mass 2014 - 2025 (Revenue, USD Million)
TABLE 54 Mexico nanosatellite and microsatellite market by application, 2014 - 2025 (Revenue, USD Million)
TABLE 55 Mexico nanosatellite and microsatellite market by end use, 2014 - 2025 (Revenue, USD Million)
TABLE 56 MEA nanosatellite and microsatellite market by mass 2014 - 2025 (Revenue, USD Million)
TABLE 57 MEA nanosatellite and microsatellite market by application, 2014 - 2025 (Revenue, USD Million)
TABLE 58 MEA nanosatellite and microsatellite market by end use, 2014 - 2025 (Revenue, USD Million

List of Figures

FIG. 1 Industry snapshot - Nanosatellite and microsatellite market
FIG. 2 Market segmentation & scope
FIG. 3 Nanosatellite and microsatellite-Market size and growth prospects (USD Million)
FIG. 4 Nanosatellite and microsatellite-Value chain analysis
FIG. 5 Nanosatellite and microsatellite-Market dynamics
FIG. 6 Comparison between conventional satellites and small satellites
FIG. 7 Launch vehicle for small satellites
FIG. 8 Penetration in several applications
FIG. 9 Key opportunities prioritized
FIG. 10 Applications of nanosatellites and microsatellites
FIG. 11 Nanosatellite and microsatellite-Porter’s analysis
FIG. 12 Nanosatellite and microsatellite-PEST analysis
FIG. 13 Nanosatellites and microsatellites mass outlook key takeaways
FIG. 14 Nanosatellite and microsatellite market: Mass movement analysis
FIG. 15 Global nanosatellites market, 2014 - 2025 (Revenue, USD Million)
FIG. 16 Global microsatellites market, 2014 - 2025 (Revenue, USD Million)
FIG. 17 Nanosatellites and microsatellites application outlook key takeaways
FIG. 18 Nanosatellite and microsatellite market: Application movement analysis
FIG. 19 Global nanosatellite and microsatellite market in communication and navigation application, 2014 - 2025 (Revenue, USD Million)
FIG. 20 Global nanosatellite and microsatellite market in earth observation/remote sensing application, 2014 - 2025 (Revenue, USD Million)
FIG. 21 Global nanosatellite and microsatellite market in scientific research application, 2014 - 2025 (Revenue, USD Million)
FIG. 22 Global nanosatellite and microsatellite market in technology and academic training application, 2014 - 2025 (Revenue, USD Million)
FIG. 23 Nanosatellites and microsatellites end use outlook key takeaways
FIG. 24 Nanosatellite and microsatellite market: End use movement analysis
FIG. 25 Global nanosatellite and microsatellite market in government sector, 2014 - 2025 (Revenue, USD Million)
FIG. 26 Global nanosatellite and microsatellite market in defense and security sector, 2014 - 2025 (Revenue, USD Million)
FIG. 27 Global nanosatellite and microsatellite market in commercial sector, 2014 - 2025 (Revenue, USD Million)
FIG. 28 Global nanosatellite and microsatellite market in civil sector, 2014 - 2025 (Revenue, USD Million)
FIG. 29 Regional market place: Key takeaways
FIG. 30 Regional outlook, 2018 & 2025