logo

Nano and Microsatellite Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Nano and Microsatellite Market is segmented by End-user (Military, Civil, Commercial), Mass (Nanosatellite (1 kg - 10 kg), Microsatellite (10 kg - 100 kg)), and Geography.

Home Industry Reports Aerospace & Defense Nano and Microsatellite Market - Growth, Trends, COVID-19 Impact, and Forecasts ...

Market Snapshot

nano and micro satellite market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Europe
Largest Market: North America
CAGR: >18 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The nano and microsatellite market is estimated to register a CAGR of over 18% during the forecast period, 2019 - 2024.

  • The growing success rate of CubeSats in several space applications, such as education, earth observation, remote sensing, science, and defense, is driving many organizations to launch them in space.
  • Additionally, the decreasing costs of launching the nano and microsatellites have propelled many schools and universities to launch their own satellites with the help of various satellite launching platforms around the world. This is one of the primary reason driving the market, as many venture capitalists are investing in startups in space technology.
  • Earth observation applications now have a high-demand, and the market for these is expected to grow further. Over the last 10 years, the demand for nano and microsatellites for earth observation has grown by leaps and bounds, and this demand is expected to drive the growth of the market studied during the forecast period.

Scope of the Report

Satellites of weight class 1 kg - 10 kg are considered under the nanosatellite category, while the satellites having weights between 10 kg - 100 kg are considered under the microsatellite category. CubeSats of 8U and above are included in the microsatellite category, while those below them are included in nanosatellite category. Furthermore, the report includes the following aspects: 

End-user
Military
Civil
Commercial
Mass
Nanosatellite (1 kg - 10 kg)
Microsatellite (10 kg - 100 kg)
Geography
North America
Europe
Asia-Pacific
Latin America
Middle-East and Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

The Nanosatellite Segment is Expected to have the Highest Share in the Market During the Forecast Period

The market studied is currently dominated by the nanosatellite segment, due to the growing R&D from schools, universities, and startups. In the past decade, schools, and universities have been highly involved in developing nanosatellites for research and earth observation applications. The segment is also expected to be the fastest growing segment in the market, as the investments in this segment are growing year-on-year. One of the main reasons for the growing investments in this segment is the relatively low cost of developing these satellites and the high success rate of launching these satellites in low-earth orbits.

Nano and Microsatellite_segment

To understand key trends, Download Sample Report

North America is Expected to Dominate the Market During the Forecast Period

As of 2019, North America has the highest market share in the nano and microsatellite market. The United States launched more than 50% of the world's nano and microsatellites to date. In addition, every year, the country is launching a huge number of nano and microsatellites for various applications, including earth observation, remote sensing, communications, and military operations. In 2018 alone, the United States launched around 150 of these satellites, and about twice the number of those nano and microsatellites are planned to be launched in 2019 by the country. However, during the forecast period, Europe is expected to be the fastest-growing region, as companies in the region are investing more in nanosatellite technologies. Sky and Space Global Ltd, a British public company, is planning to launch a constellation of 200 nanosatellites in equatorial low earth orbit for narrowband communications. The launches are expected to be completed during the forecast period. Moreover, many universities and startups in Europe are collaborating with launch service providers to launch their own nano and microsatellites.

Nano and Microsatellite_geography

To understand geography trends, Download Sample Report

Competitive Landscape

Planet Labs and Spire are two of the major players in the nano and microsatellite market.  Both these companies are based in the United States. However, many new startups, schools, and universities from Europe and Asia-Pacific are also launching their own nano and microsatellites. With the building of these nano and microsatellites becoming affordable and the success rate in launching these satellites becoming better, many players are expected to venture into this market, thereby making it more fragmented in the years to come. 

nano and micro satellite market concentration

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 End-user

      1. 5.1.1 Military

      2. 5.1.2 Civil

      3. 5.1.3 Commercial

    2. 5.2 Mass

      1. 5.2.1 Nanosatellite (1 kg - 10 kg)

      2. 5.2.2 Microsatellite (10 kg - 100 kg)

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 Latin America

      5. 5.3.5 Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Planet Labs Inc.

      2. 6.2.2 SPIRE

      3. 6.2.3 Surrey Satellite Technology Ltd

      4. 6.2.4 Swarm Technologies

      5. 6.2.5 SpaceQuest Ltd

      6. 6.2.6 L3Harris Technologies Inc

      7. 6.2.7 CommSat

      8. 6.2.8 German Orbital Systems

      9. 6.2.9 ViaSat, Inc.

      10. 6.2.10 GomSpace Group AB

      11. 6.2.11 Sky and Space Global

      12. 6.2.12 Astrocast

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Nano And Micro Satellite Market market is studied from 2018 - 2026.

The Nano And Micro Satellite Market is growing at a CAGR of >18% over the next 5 years.

Europe is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Planet Labs Inc., Spire Inc, Surrey Satellite Technology Ltd, Swarm Technologies, SpaceQuest Ltd are the major companies operating in Nano And Micro Satellite Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!