Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Nanosatellite & Microsatellite Market to reach USD 6.67 billion by 2027.

Global Nanosatellite & Microsatellite Market Size study, By Solution (Hardware, Software, Data Processing, and Launch Services), By Application (Navigation & Mapping, Scientific Research, Power, Communication, Reconnaissance, and Others), By Industry Type ( Agency, Defense, Educational, Non-profit, Energy & Infrastructure, and Others), and Regional Forecasts 2020-2027

Product Code: SASAAD_96658696
Publish Date: 1-07-2020
Page: 200

Global Nanosatellite & Microsatellite Market is valued approximately at USD 1.72 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 21.35 % over the forecast period 2021-2027. Satellites are used for a variety of purposes, such as correspondence, earth observation and remote sensing, science analysis, biological studies, medical training, identification and many other security, surveillance, political, industrial and/or government purposes. Continuous developments in technological miniaturization, such as sensors, low-mission costs and the growing usage of satellite constellations, are core drivers of the sector. The launch of small satellites by means of heavy vehicles has proven to be very difficult in recent years, resulting in increased demand to produce small launch vehicles. Traditionally, tiny satellites were deployed as secondary payloads for larger satellites, resulting in launches and cost restrictions. The need for small launch vehicles to address these cost restrictions resulted in the production of Small Satellite Launch Vehicles (SSLVs). Owing to their easy and faster development and architecture specifications, small satellites are rigorously undergoing continual technical advances. The low cost of these satellites has expanded the spectrum of future space flights to vertical ones that are unknown. In addition, simpler design and production allow the incorporation of the latest technology, such as Artificial Intelligence ( AI) and robotics, into small satellites in order to improve their capability and minimize some of the sacrifices produced to reduce device mass. However, nanosatellites and microsatellites are more likely to struggle and have little significant effect on the development of some new and market-redefining capabilities. However, Machine Learning (ML) expertise on different space production systems leads to delivering effective communications, increasing the efficiency of spacecraft, delivering more powerful computational resources, and enhancing coordination throughout the overall development of the mission. Various market players are adopting the strategy of merger and acquisition to enhance the product portfolio and to increase the customer base. For instance, In February 2019, Myriota collaborated with Tyvak to build and launch several satellites in 2019, bringing Myriota another step towards its target of creating a constellation of 50 nanosatellites.
In April 2018, Lockheed Martin and Rovsing worked together to put better solar simulators to the market to satisfy the requirement for a wide variety of spacecraft sizes. Solar simulation equipment checks the spacecraft’s electrical and control structures.
The regional analysis of global Nanosatellite & Microsatellite Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is leading the way in the introduction of nanosatellites which microsatellites which offers tremendous prospects for the expansion of the nanosatellite and microsatellite industries. The involvement of major space organizations and private corporations investing in state-of-the-art satellite technology generates a massive appetite for satellite image-based business-use applications that is expected to propel the industry in North America. The country has historically been an early adopter of modern technologies or applications, and the North American market is increasing higher initially than any other region.
Major market player included in this report are:
Dauria Aerospace
Innovative Solutions in Space (ISIS)
Sierra Nevada Corporation (SNC).
SpaceQuest Ltd.
Spire Global, Inc.
Surrey Satellite Technology Limited (SSTL)
The Boeing Company
Tyvak Inc
Vector Launch, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Solution:
Data Processing
Launch Service
By Application:
Navigation & Mapping
Scientific Research
By Industry Type:
Energy & Infrastructure
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Nanosatellite & Microsatellite Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Nanosatellite & Microsatellite Market, by Region, 2018-2027 (USD Billion)
1.2.2. Nanosatellite & Microsatellite Market, by Solutions, 2018-2027 (USD Billion)
1.2.3. Nanosatellite & Microsatellite Market, by Applications, 2018-2027 (USD Billion)
1.2.4. Nanosatellite & Microsatellite Market, by Industry Type, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Nanosatellite & Microsatellite Market Definition & Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Nanosatellite & Microsatellite Market Dynamics
3.1. Nanosatellite & Microsatellite Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Nanosatellite & Microsatellite Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Nanosatellite & Microsatellite Market, by Solutions
5.1. Market Snapshot
5.2. Global Nanosatellite & Microsatellite Market by Solutions, Performance – Potential Analysis
5.3. Global Nanosatellite & Microsatellite Market Estimates & Forecasts by Solutions, 2017-2027 (USD Billion)
5.4. Nanosatellite & Microsatellite Market, Sub Segment Analysis
5.4.1. Hardware
5.4.2. Software
5.4.3. Data Processing
5.4.4. Launch Service
Chapter 6. Global Nanosatellite & Microsatellite Market, by Applications
6.1. Market Snapshot
6.2. Global Nanosatellite & Microsatellite Market by Applications, Performance – Potential Analysis
6.3. Global Nanosatellite & Microsatellite Market Estimates & Forecasts by Applications 2017-2027 (USD Billion)
6.4. Nanosatellite & Microsatellite Market, Sub Segment Analysis
6.4.1. Navigation & Mapping
6.4.2. Scientific Research
6.4.3. Power
6.4.4. Communication
6.4.5. Reconnaissance
6.4.6. Others
Chapter 7. Global Nanosatellite & Microsatellite Market, by Industry Type
7.1. Market Snapshot
7.2. Global Nanosatellite & Microsatellite Market by Industry Type, Performance – Potential Analysis
7.3. Global Nanosatellite & Microsatellite Market Estimates & Forecasts by Industry Type 2017-2027 (USD Billion)
7.4. Nanosatellite & Microsatellite Market, Sub Segment Analysis
7.4.1. Agency
7.4.2. Defense
7.4.3. Educational
7.4.4. Non-profit
7.4.5. Energy & Infrastructure
7.4.6. Others
Chapter 8. Global Nanosatellite & Microsatellite Market, Regional Analysis
8.1. Nanosatellite & Microsatellite Market, Regional Market Snapshot
8.2. North America Nanosatellite & Microsatellite Market
8.2.1. U.S. Nanosatellite & Microsatellite Market Solutions breakdown estimates & forecasts, 2017-2027 Applications breakdown estimates & forecasts, 2017-2027 Industry Type breakdown estimates & forecasts, 2017-2027
8.2.2. Canada Nanosatellite & Microsatellite Market
8.3. Europe Nanosatellite & Microsatellite Market Snapshot
8.3.1. U.K. Nanosatellite & Microsatellite Market
8.3.2. Germany Nanosatellite & Microsatellite Market
8.3.3. France Nanosatellite & Microsatellite Market
8.3.4. Spain Nanosatellite & Microsatellite Market
8.3.5. Italy Nanosatellite & Microsatellite Market
8.3.6. Rest of Europe Nanosatellite & Microsatellite Market
8.4. Asia-Pacific Nanosatellite & Microsatellite Market Snapshot
8.4.1. China Nanosatellite & Microsatellite Market
8.4.2. India Nanosatellite & Microsatellite Market
8.4.3. Japan Nanosatellite & Microsatellite Market
8.4.4. Australia Nanosatellite & Microsatellite Market
8.4.5. South Korea Nanosatellite & Microsatellite Market
8.4.6. Rest of Asia Pacific Nanosatellite & Microsatellite Market
8.5. Latin America Nanosatellite & Microsatellite Market Snapshot
8.5.1. Brazil Nanosatellite & Microsatellite Market
8.5.2. Mexico Nanosatellite & Microsatellite Market
8.6. Rest of The World Nanosatellite & Microsatellite Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Dauria Aerospace Key Information Overview Financial (Subject to Data Availability) Industry Summary Recent Developments
9.2.2. GomSpace
9.2.3. Innovative Solutions in Space (ISIS)
9.2.4. Sierra Nevada Corporation (SNC).
9.2.5. SpaceQuest Ltd.
9.2.6. Spire Global, Inc.
9.2.7. Surrey Satellite Technology Limited (SSTL)
9.2.8. The Boeing Company
9.2.9. Tyvak Inc
9.2.10. Vector Launch, Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now