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Nanosatellite and Microsatellite Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global nanosatellite and microsatellite market reached a value of US$ 1.64 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 21.8% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor. 

Nanosatellites and microsatellites (NaM) refer to miniaturized artificial satellites that weigh between 1 to 10 kilograms. They circle the earth in a polar (circular or elliptical) orbit and are usually launched at low altitudes. They travel at high speeds and offer optimum solutions for communications, remote sensing and land observations. These satellites consist of various hardware, software and data processing devices that are also used for geographical mapping, navigation and scientific research. The data obtained from these satellites is processed and used for improving water management and carrying out relief and defense operations.

Significant growth in the aeronautic and satellite industry is one of the key factors driving the growth of the market. Furthermore, advancements in the miniaturization technologies across industries are also providing a boost to the market growth. NaMs are increasingly being utilized across the civil, commercial and defense sectors to conduct low-cost space missions, including geolocation, signal monitoring and communications. Various technological advancements, such as the integration of these satellites with artificial intelligence (AI), robotics and the Internet of Things (IoT) is acting as another growth-inducing factor. These technologies, along with Very High Frequency (VHF), Ultra High Frequency (UHF) and visible transmission technologies, aid in increasing signal frequencies and overall data transfer speeds between the satellite and the ground stations. Other factors, including the deployment of solar panels and star tracker technologies, along with extensive research and development (R&D) activities in the field of space science, are projected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global nanosatellite and microsatellite market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on satellite mass, component, application and end-use sector.

Breakup by Satellite Mass:

  • Nanosatellite (1kg to 10kg)
  • Microsatellite (10kg to 100kg)
     

Breakup by Component:

  • Hardware
  • Software and Data Processing
  • Space Services
  • Launch Services
     

Breakup Application:

  • Communication
  • Earth Observation and Remote Sensing
  • Scientific Research
  • Biological Experiments
  • Technology Demonstration and Verification
  • Academic Training
  • Mapping and Navigation
  • Reconnaissance
  • Others
     

Breakup by End-Use Sector:

  • Government
  • Civil
  • Commercial
  • Defense
  • Energy and Infrastructure
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being AAC Clyde Space., Axelspace Corporation, Berlin Space Technologies, GomSpace, ISIS, L3harris Technologies Inc., Lockheed Martin Corporation., Planet Labs Tb Inc., Spacequest Ltd., Spire Inc., Surrey Satellite Technology, Tyvak, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Satellite Mass, Component, Application, End-Use Sector, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AAC Clyde Space., Axelspace Corporation, Berlin Space Technologies, GomSpace, ISIS, L3harris Technologies Inc., Lockheed Martin Corporation., Planet Labs Tb Inc., Spacequest Ltd., Spire Inc., Surrey Satellite Technology and Tyvak
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Nanosatellite and Microsatellite Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Satellite Mass 
    6.1    Nanosatellite (1kg to 10kg)
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Microsatellite (10kg to 100kg)
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Component
    7.1    Hardware
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Software and Data Processing
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Space Services
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Launch Services
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Application
    8.1    Communication
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Earth Observation and Remote Sensing
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Scientific Research
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Biological Experiments
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Technology Demonstration and Verification
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Academic Training
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.7    Mapping and Navigation
        8.7.1 Market Trends
        8.7.2 Market Forecast
    8.8    Reconnaissance
        8.8.1 Market Trends
        8.8.2 Market Forecast
    8.9    Others
        8.9.1 Market Trends
        8.9.2 Market Forecast
9    Market Breakup by End-Use Sector
    9.1    Government
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Civil
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Commercial
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Defense
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Energy and Infrastructure
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Others
        9.6.1 Market Trends
        9.6.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Indicators
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    AAC Clyde Space
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
           15.3.1.3 Financials
        15.3.2    Axelspace Corporation
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    Berlin Space Technologies
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
           15.3.3.3 Financials 
        15.3.4    GomSpace
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
           15.3.4.3 Financials 
        15.3.5    ISIS
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio 
           15.3.5.3 Financials 
        15.3.6    L3harris Technologies Inc.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials 
        15.3.7    Lockheed Martin Corporation
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio 
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Planet Labs Tb Inc.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
        15.3.9    Spacequest Ltd.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio 
        15.3.10    Spire Inc.
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio 
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis 
        15.3.11    Surrey Satellite Technology
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio 
           15.3.11.3 Financials 
        15.3.12    Tyvak
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio 

List of Figures

Figure 1: Global: Nanosatellite and Microsatellite Market: Major Drivers and Challenges
Figure 2: Global: Nanosatellite and Microsatellite Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Nanosatellite and Microsatellite Market: Breakup by Satellite Mass (in %), 2020
Figure 4: Global: Nanosatellite and Microsatellite Market: Breakup by Component (in %), 2020
Figure 5: Global: Nanosatellite and Microsatellite Market: Breakup by Application (in %), 2020
Figure 6: Global: Nanosatellite and Microsatellite Market: Breakup by End-Use Sector (in %), 2020
Figure 7: Global: Nanosatellite and Microsatellite Market: Breakup by Region (in %), 2020
Figure 8: Global: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 9: Global: Nanosatellite and Microsatellite (Nanosatellite - 1kg to 10kg) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Nanosatellite and Microsatellite (Nanosatellite - 1kg to 10kg) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Nanosatellite and Microsatellite (Microsatellite - 10kg to 100kg) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Nanosatellite and Microsatellite (Microsatellite - 10kg to 100kg) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Nanosatellite and Microsatellite (Hardware) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Nanosatellite and Microsatellite (Hardware) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Nanosatellite and Microsatellite (Software and Data Processing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Nanosatellite and Microsatellite (Software and Data Processing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Nanosatellite and Microsatellite (Space Services) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Nanosatellite and Microsatellite (Space Services) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Nanosatellite and Microsatellite (Launch Services) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Nanosatellite and Microsatellite (Launch Services) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Nanosatellite and Microsatellite (Communication) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Nanosatellite and Microsatellite (Communication) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Nanosatellite and Microsatellite (Earth Observation and Remote Sensing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Nanosatellite and Microsatellite (Earth Observation and Remote Sensing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Nanosatellite and Microsatellite (Scientific Research) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Nanosatellite and Microsatellite (Scientific Research) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Nanosatellite and Microsatellite (Biological Experiments) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Nanosatellite and Microsatellite (Biological Experiments) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Nanosatellite and Microsatellite (Technology Demonstration and Verification) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Nanosatellite and Microsatellite (Technology Demonstration and Verification) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Nanosatellite and Microsatellite (Academic Training) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Nanosatellite and Microsatellite (Academic Training) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Nanosatellite and Microsatellite (Mapping and Navigation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Nanosatellite and Microsatellite (Mapping and Navigation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Global: Nanosatellite and Microsatellite (Reconnaissance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Global: Nanosatellite and Microsatellite (Reconnaissance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Global: Nanosatellite and Microsatellite (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Global: Nanosatellite and Microsatellite (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Global: Nanosatellite and Microsatellite (Government) Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Global: Nanosatellite and Microsatellite (Government) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Global: Nanosatellite and Microsatellite (Civil) Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Global: Nanosatellite and Microsatellite (Civil) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Global: Nanosatellite and Microsatellite (Commercial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Global: Nanosatellite and Microsatellite (Commercial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Global: Nanosatellite and Microsatellite (Defense) Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Global: Nanosatellite and Microsatellite (Defense) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Global: Nanosatellite and Microsatellite (Energy and Infrastructure) Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Global: Nanosatellite and Microsatellite (Energy and Infrastructure) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Global: Nanosatellite and Microsatellite (Other Sectors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Global: Nanosatellite and Microsatellite (Other Sectors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: North America: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: North America: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: United States: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: United States: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Canada: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Canada: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Asia Pacific: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Asia Pacific: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: China: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: China: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Japan: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Japan: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: India: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: India: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: South Korea: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: South Korea: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Australia: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Australia: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Indonesia: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Indonesia: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Others: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Others: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Europe: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Europe: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Germany: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Germany: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: France: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: France: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: United Kingdom: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: United Kingdom: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Italy: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 82: Italy: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: Spain: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 84: Spain: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 85: Russia: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 86: Russia: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 87: Others: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 88: Others: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 89: Latin America: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 90: Latin America: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 91: Brazil: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 92: Brazil: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 93: Mexico: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 94: Mexico: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 95: Others: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 96: Others: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 97: Middle East and Africa: Nanosatellite and Microsatellite Market: Sales Value (in Million US$), 2015 & 2020
Figure 98: Middle East and Africa: Nanosatellite and Microsatellite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 99: Global: Nanosatellite and Microsatellite Industry: SWOT Analysis
Figure 100: Global: Nanosatellite and Microsatellite Industry: Value Chain Analysis
Figure 101: Global: Nanosatellite and Microsatellite Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Nanosatellite and Microsatellite Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Nanosatellite and Microsatellite Market Forecast: Breakup by Satellite Mass (in Million US$), 2021-2026
Table 3: Global: Nanosatellite and Microsatellite Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 4: Global: Nanosatellite and Microsatellite Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Nanosatellite and Microsatellite Market Forecast: Breakup by End-Use Sector (in Million US$), 2021-2026
Table 6: Global: Nanosatellite and Microsatellite Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Nanosatellite and Microsatellite Market Structure
Table 8: Global: Nanosatellite and Microsatellite Market: Key Players

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Key Question Answered in this Report

The global nanosatellite and microsatellite market was valued at US$ 1.64 Billion in 2020.

Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in disrupted supply chain of critical aeronautical parts with delay in the launch of various satellites and R&D activities.

We expect the global nanosatellite and microsatellite market to grow at a CAGR of 21.8% during 2021-2026.

The increasing penetration of miniaturization technologies across the civil, commercial and defense sectors, represents one of the factors catalyzing the global nanosatellite and microsatellite market.

Based on the satellite mass, the global nanosatellite and microsatellite market can be categorized into nanosatellite (1kg to 10kg) and microsatellite (10kg to 100kg). Currently, nanosatellite holds the majority of the total market share.

Based on the application, the global nanosatellite and microsatellite market has been segmented into communication, earth observation and remote sensing, scientific research, biological experiments, technology demonstration and verification, academic training, mapping and navigation, reconnaissance, and others, where earth observation and remote sensing currently represents the largest segment.

Based on the end-use sector, the global nanosatellite and microsatellite market can be bifurcated into government, civil, commercial, defense, energy and infrastructure, and others. Among these, the commercial sector holds the largest market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global nanosatellite and microsatellite market include AAC Clyde Space., Axelspace Corporation, Berlin Space Technologies, GomSpace, ISIS, L3harris Technologies Inc., Lockheed Martin Corporation., Planet Labs Tb Inc., Spacequest Ltd., Spire Inc., Surrey Satellite Technology, Tyvak, etc.

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