Nanosatellite & Microsatellite Market to Cross $$8.3 Billion Revenue by 2030

Nanosatellite & Microsatellite Market Overview

“The Global Nanosatellite & Microsatellite Market is expected to grow rapidly at a 19.4% CAGR consequently, it will grow from its existing size of from $3.4 billion in 2023 to $8.3 billion by 2030.”

The term satellite refers to a component equipment or a piece of object that is which is launched into orbit, and traverses the globe to collect information. Nanosatellites and microsatellites are employed for communication, earth observation as well as space research. Both micro- and nano-satellites are employed by the military for commercial or related defense purposes. In comparison to larger satellites they are smaller and less costly.

The Microsatellites, as well as the Nanosatellites are satellites with small sizes and mass, generally being less than 500kg. While all of them can be described as "tiny," they are classified into different groups based on their weight. Small satellites are designed to cut costs and decrease the cost of launch vehicles as well as building costs.

Nanosatellite as well as microsatellite are miniature satellites, in regards to size and weight with a range of 1-10 kg and 10-10 100 kg and 10-100 kg, respectively. "CubeSat" is one of the most well-known varieties of miniature satellites. They are among the fastest-growing segment of the field of satellites. One of the main advantages of micro and nanosatellites is the cost-effectiveness of creating and operating these satellites.

The increase in microsatellites is due to the reduction in the size of sensors and electronics, as well as the availability of high-performance commercial components off the shelf that significantly cut down on the expense of developing hardware.

The second reason to miniaturize satellites is to lower the launch costs; larger satellites need larger rockets and more thrust, and also have more expense to finance. On the other hand smaller satellites need smaller and more affordable launch vehicles and could launch in multiple satellites.

The efficiency and accessibility to orbit of these spacecraft are enhanced by the availability of additional launch payloads, specifically for smaller satellites that conform to standard shape factors. They are able to be launched "piggyback with the capacity of an extra spacecraft for larger launch vehicle.

In 2019, 85 percent of the $366 billion of revenue in the space industry came in the space-for-earth economics that is, products or services that are created in space to be used on earth. The economy of space for earth includes the internet and telecom infrastructure as well as earth observation capabilities, space-based national security satellites and much more. The market is flourishing and, despite the fact that it's facing the problems of monopolization and overcrowding, which are common when companies are competing for a limited natural resource, forecasts for the future look optimistic.

The decreasing costs of launch and space equipment in general have attracted new participants to this sector, and businesses across a range of industries have already begun to use technology from satellites and space access to increase efficiency and innovation in their earth-bound goods and service.

However, the space-for-space economy which is the production of goods and services from space that can be utilized in space, for example mining for the Moon or asteroids for materials that can be used to build in-space habitats, or fueling depots to supply refueling have been unable to gain traction. However, today there are reasons to believe that we could finally be entering the initial phases of a truly space-for-space economy.

SpaceX's recent accomplishments (in collaboration with NASA) and as the forthcoming efforts of Boeing, Blue Origin, and Virgin Galactic to put people in space for a long time and on a sustainable large scale, signal the beginning of a new chapter in space exploration led by private companies. These companies have the ability and desire to transport private citizens into space as tourists, passengers and eventually, settlements, paving the way for businesses to meet the needs of those who create demand over the coming years by offering a variety of space-related products and services.

Demand Outlook

Markets for microsatellites as well as microsatellites is driven by the need for LEO-based services as well as the availability of financing for high-speed broadband, the growing power of governments in industrialized countries, as well as the growing demand for affordable broadband by consumers living in countries that are less developed. There are currently more options for the launch of tiny satellites as they are often employed as payloads for secondary payloads for rockets that launch larger spacecraft in cargo or for use on as cargo for the International Space Station.

These options limit orbital destinations, as well as the integration of launch times and launch times as well as limiting the potential of small satellite subsystems. Certain companies take on the role of launch brokers buying complete launches from firms such as SpaceX or The ISRO Space Research Organization to sell space slots to small satellite operators, often to fulfill their manufacture or turnkey operational contracts.

Monitoring agriculture, spotting climate changes, disaster preparation meteorology, and a host of other areas are all included in Earth observation companies. The careful control of water, land forests, and other resources have led to the demand for high-resolution earth imagery. The world's leading organizations are using satellite images to study the impacts of COVID-19 to the quality of air and the atmosphere. Space-based information is proving to be extremely useful in the management of post- and pre-disaster events.

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Market Dynamics

Growth Drivers & Trends

Cost Efficiency

Large satellites traditionally require significant financial investments in production, launch and operating costs. Nanosatellites and microsatellites provide a much lower cost option. Their smaller dimensions and simplified designs permit for less complexity and lower costs for materials. In addition, tiny satellites may be launched simultaneously and share the costs of launch and thereby reducing costs.

These advantages in cost allow space exploration and communications to be more accessible to start-ups and educational institutions, emerging countries, as well as individual researchers. Lower financial barriers encourage people and organizations to engage in space-related activities. This leads to a greater variety of applications and a greater amount of technological innovation.

Increased Demand for Earth Observation

Nanosatellites as well as microsatellites are the possibility of affordable methods of recording high-resolution images and capturing information about various environmental conditions like meteorological patterns and climate changes and natural catastrophes. The data can be used in applications such as forecasting weather and environmental monitoring, as well as precision urban planning, agriculture as well as disaster control.

The ability to collect in-real-time data at global scale helps improve decision-making and allocation of resources. The demand for quick and precise Earth observation data is increasing and is driving the demand for microsatellites and nanosatellites to be affordable platforms to collect this kind of data.

Internet of Things (IoT) Connectivity

The explosion of IoT devices as well as the necessity to connect the world are driving the development of microsatellites and nanosatellites. IoT gadgets require reliable internet connectivity even in regions that have limited infrastructure for terrestrial or not even present. small satellites used in a constellation, offer complete coverage throughout the world, enabling the seamless exchange of data between IoT devices.

Nanosatellites and microsatellites are able to be used as data relays, helping applications like remote sensing, asset tracking environmental monitoring, communications in remote or unserviced areas. Connecting IoT devices around the world via satellite networks can open the door to new opportunities for sectors like logistics, transportation, agriculture as well as environmental monitoring. This need to have IoT connectivity is an important factor in the development of nanosatellite as well as microsatellite satellite constellations.

Nanosatellite and microsatellite applications

Nanosatellites and microsatellites are used in the fields of scientific research, communication in navigation and mapping, power and reconnaissance, among others such as earth observation, biological experiments remote sensing, and other experiments. The technical challenges involved in the creation of tiny satellites could be the lack of power storage, or the lack of space for the propulsion system.

Earth and Space Observation

Nanosatellites generally work in orbits of low energy (LEO). Modern technology lets us utilize the most modern cameras that can capture high-resolution images. High-performance cameras can be found with dimensions that are perfectly suited to the dimensions of tiny satellites. In this kind of project the main payload of nanosatellites will usually be the camera.

• The capture of images taken by Earth. One of the most popular uses for tiny satellite constellations. There are a variety of firms working to capture excellent pictures of the planet. This is the case for several giants in the New Space sector, such as Planet Labs, which has around 330 satellites into orbit since 2013.
• Map of Earth. Satellites have also revolutionized cartography. From the remotest to the most populated regions on Earth Small satellites offer accurate and up-to date maps of the entire globe.
• It's the other aspect of the coin in the field of observational projects. We've seen before that high-resolution photos of the Earth are possible to capture but there are other services that are pointing in the opposite direction, namely making use of satellites that are small in order to gather information and images of the outer space. Recently, for instance the CubeSat ASTERIA has was successful in monitoring the movement of an exoplanet dubbed 55 Cancri 55 Cancri. Another idea in this area involves small satellites being used to serve as "guide stars" for latest generation telescopes, which need stable references to research and acquire high-quality images of distant celestial bodies and planets.

IoT and Communications

It is the Internet of Things (IoT) Machine-to-machine communication (M2M) as well as telephony and Internet access have all become one of the most popular small satellite applications. Space is an ideal solution to boost the performance of the existing terrestrial communications networks, which are characterized by obvious limitations on their coverage. In these initiatives the satellite payload will be a device capable receiving and storing, as well as processing data. For instance it could be an SDR platform (Software Defined Radio).

 

• IoT as well as M2M communication. By 2025 it is expected to be over 25.2 million IoT connections across the globe and that the market for this industry will be 950 billion euros. IoT-based business models need real-time information about all kinds of devices and sensors which is a place where tiny satellite constellations could be crucial particularly in remote or hard-to-access regions. Space satellites can provide data, store and forward it at any moment in real-time.
• Remote management. Through sensors, it is possible to remotely manage the proper operation of a variety of devices. This is not only about receiving the data and transmitting commands to certain settings or configurations remotely practically in real time, and from anywhere in the world regardless of how remote. Consider projects in difficult-to-access regions like Antarctica as well as the Amazon basin, offshore platforms or infrastructure like nuclear power plants, in which terrestrial communications are supported via satellites.
• Communication in remote areas. In the 21st century, there are areas on earth which are largely unconnected large areas of rural and frozen areas and deserts forests, desert areas as well as the oceans of the high waters... Within these areas, small satellites provide very intriguing solutions to ensure communication under all conditions.
• Mobile telephone. Unlike the previous section, we're talking about the entire globe and not just the remote regions. In a time where smartphones have changed life, we can also say that there exist also mobile phone initiatives from companies like Sky as well as Space Global, to ensure safe and reliable communication that includes global voice data, instant messaging and data services.
• Radio amateurs can use repeaters. Small satellites have also shown their ability to serve as communication repeaters for three million amateur radio operators around the world.
• Internet accessibility. According to data from a year ago just 55.1 percentage of world's population have internet access. Internet. There's a large technological gap that favors richer cities and nations. There are numerous projects that are being developed to ensure that everyone has accessibility to Internet even in remote areas. Again, satellites of small size play a crucial role in the current revolution.

Asset Tracking

• Space and geolocation have been closely connected for a long time. There are various systems like GPS, Galileo, GLONASS or BeiDou. In IoT and communications applications the main payload for asset tracking projects must be a device capable receiving the data sent by the Earth as well as storing it, and transmitting it via Earth stations. Small satellites provide the ideal solution to ensure a steady and precise service that has complete coverage across the globe. What are the primary applications of small satellites within this area? Let's take a look at the most crucial ones.
• The management of the fleet. Satellite tracking of any kind of vehicle (cars buses, trucks, and industrial machinery) ...) is the norm for a long time. Nanosatellite constellations are also able to strengthen traditional networks and offer solutions for the precise control of mobile and vehicle resources even in areas that are remote.
• From products with an estimated value of some cents to items which can be worth millions of euros, logistics firms move huge quantities of goods each day. Nowadays, we are accustomed to knowing where the goods are in real-time and the estimated arrival time of any item regardless of its cost. Particularly especially when it comes to the logistics container, luxury goods machines, or highly precious or delicate items, that require controlled transport conditions (temperature or moving ...) and a variety of methods of transportation to get to their final destination (road or rail, plane and ship, etc.) ...), across the end of the globe to another. Small satellite constellations are an effective way to increase security, traceability and control in the field of logistics.
• ship tracking (AIS). The use of satellites with small size can help in enhancing the safety of all kinds of vessels as well as to address the many issues that impact the maritime industry. Systems like S-AIS (Satellite-Based Automated Identification Systems) are available to notify to pirates or illegal fishing. By using nanosatellites, it's possible to overcome shortcomings of traditional terrestrial systems, specifically in areas with limited coverage and to guarantee that at all times, the location and monitoring of vessels.
• Tracking of aircrafts (ADS-B). ADS-B (Automatic Dependent Surveillance- Broadcast) terrestrial systems can provide precise information in just a few seconds in well-communicated regions. However, this is not the case for remote regions. Many of the most tragic air disasters of the past few years relate to disappearance of planes from the shaded regions. Nanosatellite-based options exist for ADS-B systems, which enable you to improve security, enhance air traffic control, and receive certain data from flight sensors in real-time and keep track of the exact whereabouts that the plane is in.

Science and Environment

This is a vast classification. From radars to a micro-laboratory to conduct research in the space environment, in these types of applications the satellite's payload is contingent on the goals of each mission.

• Small satellites are required to play a crucial part in detecting storms as well as in the creation of models for weather and climate which help improve weather forecasts. For instance, NASA has already entered the testing phase of its RainCube Project (Radar in the form of a CubeSat) to determine the location as well as the tracking and analysis of snow and rain storms across the globe.
• Environmental protection. This is a type of real-world application that is closely affecting us thanks to the involvement by members of the Alen Space team in the creation for the microsatellite Lume-1 in the European project FireRS. In this instance, the goal is to detect early as well as monitoring forest fires however there are alternatives based on tiny satellites with environmental implications. If it is optical sensors or instruments (IoT) We are talking about projects to fighting against ocean pollution and oil spills, the detection of spills and oil spills, the observation of life in the marine environment, prevention of desertification, research of the rate of melting ice, or the safeguarding of regions of particular ecological significance (such like the Serpens project, which is located in the Amazon basin) as well as other initiatives.
• As in many other areas technology has also transformed the concept of traditional agriculture. Monitoring of crop yield is another potential use for small satellites. The benefits include an improved control over harvests, improvement of agriculture's quality, identification of crop diseases as well as the assessment that insurance providers make of the damage caused to harvests due to certain weather events (storms or hailstorms, floods ...), or analyzing the consequences of seasons of drought.
• IOD Demonstration. IOD (In-Orbit Demonstration) missions permit the testing of components in space at a low cost. This use-case for small satellites works perfectly with R&D projects as a last stage and assurance prior to commercialization of technology that is to be utilized in the future space. We should not overlook the immense potential growth of the aerospace industry and the constant emergence of new technological developments. Each element is not left to chance, which is why every technology must be tested under real-world circumstances... and as realistic as is possible. What better way to be sure that they work than to test their capabilities in space?
• Science-related projects. Small satellites have given spaces to businesses and organizations who, up until a few years ago, couldn't imagine such a possibility. Research and development in space away from Earth is now a typical use of small satellites. Consider, for instance of a research group which wants to design an idea focused on the behavior in space of specific technological or biochemical substances. The possibilities are endless.
• Space exploration. As part of NASA's InSight mission MarCO A and B nanosatellites are MarCO A and B nanosatellites have been one of the two CubeSats to venture deep into space, completing the aim of providing real-time data on The InSight's arrival on Mars. This milestone is an important point in the development of small satellites to slowly increase their prominence in the realm of space exploration.

Small satellite applications as well.

It is important to keep in mind that the potential applications of satellites with small size are vast. All you need to do is come up with some ideas... then then get it operational. In reality, there are initiatives for the development of space-related businesses to specific niches of the market that do not fall in any of the other categories.

• The mining of space. Some private companies are already looking into the possibility of exploitation of energy, water, and mineral resources found in space. In the past, for instance the CubeSat was created as part of an effort to find and capture water on asteroids with the intention of encouraging future human expansion into space.
• Clean-up of space debris. The most modern small satellites are built to enter the atmosphere of Earth once their mission has ended and then disappear without leaving any trace however, this hasn't always been the scenario. Space debris could pose dangerous to satellites and space vehicles, however there are currently projects involving small satellites examining how this debris can be eliminated in the future, like this RemoveDebris task.
• Projection of advertisements through Space. You may have thought of the iconic Batman warning sign but this isn't the case with a film or comic. It is something that is happening with many projects in development to enable this type of projecting of advertising messages through the sky, with the aid of CubeSats.
• The ability to orbit every object you can think of. This application groups together all business ideas which are based on put in orbit of any object that might be in our minds. There's an space funeral project that lets us take the ashes of our loved ones into space using the aid of tiny satellites. Don't forget the emotive impact of space. Thus, different business concepts are also able to influence more romantic or spiritual messages. Imagine is the only limit.

Defense and Security

The use of miniature satellites for defense and military applications. Defense companies have launched communications nanosatellites and microsatellites that transmit signals for soldiers in remote areas or dense forests. The military requires more data bandwidth as well as a reliable communication infrastructure for UAVs which can be achieved by using clusters of micro and nanosatellites.

According to the US army the benefits from Smallsats in LEO One of them is the low cost per unit that can be used to create affordable satellite constellations using the least amount of personnel and logistics and the possibility of regular technological refresh. Second, they have a high degree of survival since they fly over common threats and in crowded airspace. They also decrease in size and lose capability could be quickly augmented and rebuilt. It is also possible to re-build them. ASAT assault is challenging because microsatellites are a small targets.

ASAT attack can also be more expensive because of the ASAT engagement cost ratio being in our favor. It also increases the responsiveness because of the speed at which it is designed and construction, which allows it to be assigned from theater and better able to adapt to threats.

Signals Intelligence (SIGINT). If we're talking about monitoring the electromagnetic and radioelectric spectrum, the applications of nanosatellites can be diverse. Imagine identifying signals emanating from Earth or space. as well as monitoring communications traffic patterns, identifying interference and locating the source as well as preventing the unlawful usage of radio bands, unauthorised emissions, etc.

• Prevention of disasters, disaster management, and aid to the human cause. In crisis situations like storms, earthquakes or tsunamis small satellites make possible to react rapidly, and to know the extent of destruction (even in areas that are not surrounded by water) and also to oversee the relief and rescue teams.
• Prevention is also a possibility. For instance, a system comprising buoys and sensors within the ocean could detect ahead of time the onset of a tsunami. Similarly, sensors in reservoirs will automatically send out a warning signal in the event that levels of the water exceed a certain threshold. With the help of nanosatellites, it's also possible to gather information and data from specific regions on the planet (not just in the event of natural disasters or emergencies) that allow for the organization of aid for humanitarian purposes.
• Control of threats from the space. If you've thought of asteroids, and films like "Armageddon" have been on your mind, you'll be shocked to discover that you're too far from the truth. Small satellites' uses in this area are currently focused on the study and potential dispersal of potentially dangerous asteroids that could harm our planet, for example those of the Hera initiative that is part of the European Space Agency (ESA). Science can be a reality.

Nanosatellite & Microsatellite Market Segment Analysis

Analysis of the most important developments in each sector of the global nanosatellite, microsatellite and nanosatellite market report, and projections at the regional, global and country levels between 2023-2030. The report has classified the market by components, satellite size size, application, and end-user.

Breakup by Satellite Mass:

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

Nanosatellite (1kg 10-kg) rule the marketplace

The report offers the complete breakdown as well as an analysis of market based on satellite's mass. It comprises microsatellite (1kg up to 10kg) as well as microsatellite (10kg up to 100kg). In the study Nanosatellite (1kg up to 10kg) was the biggest segment.

The small size and lower weight of nanosatellites can provide substantial savings over larger satellites. Smaller size means lower launch, manufacturing and operating expenses. This efficiency in cost has enticed a broader array of companies and institutions that include universities, startups as well as individual researchers with limited budgets, but still require satellite capabilities to accomplish their tasks. In addition, advances in the field of electronics and miniaturization have greatly enhanced Nanosatellites' capabilities.

They are equipped with ever-more advanced subsystems that include high-performance onboard computers, miniature sensors, and effective communications systems. Nanosatellites can now carry out various tasks, ranging from Earth observation and monitoring of climate to research in science and communications. Additionally their smaller dimensions makes to deploy them more efficiently and integration into satellite constellations already in place. Nanosatellites can be launched at once, sharing the same launch vehicle and benefiting from the economies of scale.

This allows the creation of constellations with increased coverage and capabilities for data collection. The capability for the launch of and operation several nanosatellites at once has made this sector the largest one based on satellite mass, enabling the expansion and growth of nanosatellite technology throughout various sectors and research areas.

Breakup by Component:

Hardware is the most popular component in the hardware market

A comprehensive breakdown as well as an analysis of market based on component is also provided within the study. This includes software, hardware along with data processing along with launch and space services. As per the research hardware was the most popular market percentage.

The hardware component consists of all the subsystems and physical elements of the satellite like the structure power systems propulsion communications systems, as well as onboard computers. The hardware elements are vital to ensure the functioning and efficiency of satellites. They allow connection with ground stations for information processing, storage power distribution and generation, attitude control, as well as payload operations.

Furthermore the hardware component of nanosatellites as well as microsatellites plays a crucial role in the process of their small size. Technology advancements in electronics and materials science have enabled to design lighter, smaller and more efficient hardware components. These advances allow the integration of many functions into a compact unit which reduces the overall weight and size that the satellite.

Apart from that components of the nanosatellites' hardware as well as microsatellites is constantly evolving and enhancement. As technology advances and new hardware components that offer improved capabilities, greater performance, and greater reliability are being made. This is driving the demand for more efficient hardware components, leading to an increased market portion that is dedicated to the hardware sector.

Breakup by Application:

Remote sensing and Earth observation dominate in the marketplace

The report provides an in-depth breakdown along with an assessment of the marketplace according to the applications. This covers communication, remote sensing and earth observation as well as biological research, scientific research technological demonstrative and testing, university training in mapping and navigation, reconnaissance, and many more. In the study remote sensing and earth observation was the most popular segment.

The need for precise and current Earth observation data is rising across a variety of sectors and industries. Earth observation satellites can provide important information to applications like the forecasting of weather, monitoring climate the management of natural resources and urban development, and monitoring of the environment. The capability to acquire high-resolution images and gather data at a global level will allow for better decision-making, more efficient distribution of resources and more efficient disaster management.

Nanosatellites as well as microsatellites are the most cost-effective solution to Earth observation. They allow for greater frequency of data acquisition as well as real-time monitoring. In addition, the compact size and cost of microsatellites as well as nanosatellites are ideal for the creation of constellations. Small satellite constellations provide advantages like increased coverage, higher revisit rates and better capability to collect data. These constellations are especially useful for remote sensing and Earth observation applications where a continuous flow of information is needed to monitor environmental changes that are dynamic.

Breakup by End-Use Sector:

Commercial is the biggest share of this market

A thorough breakdown as well as an analysis of market based on final use has been included within the study. This includes civil, government commercial, defense infrastructure and energy, as well as other sectors. In the study commercial represented the biggest market percentage.

The commercial industry has seen an increase in use of satellite-based solutions for different applications. Businesses are using nanosatellites and microsatellites to provide commercial services like broadband internet earth imaging, meteorological forecasting, marine tracking and monitoring of assets. These services are available to many different industries, such as telecommunications, transportation, agriculture and logistics.

The efficiency and versatility of small satellites makes them a desirable alternative for companies looking to provide new solutions and services. Furthermore, the commercial sector has witnessed a boom in investments and private sector involvement in activities related to space. Private companies are setting up the creation of their own nanosatellites as well as microsatellites to supply services directly to consumers or join to other businesses. In addition, the commercial industry is benefiting from the scale and adaptability of nanosatellites and microsatellites.

Competitive Landscape of the Nanosatellite & Microsatellite Market

• Axelspace Corporation (Japan)
• Astrocast (Switzerland)
• BlackSky Global (U.S.)
• Capella Space (U.S.)
• GomSpace (Denmark)
• ICEYE (Finland)
• Kepler Communication (Canada)
• Lockheed Martin (U.S.)
• Nano Avionics (U.S.)
• OneWeb (UK)
• Planet Labs (U.S.)
• Planet IQ (U.S.)
• Satellogic (Argentina)
• Spire Global (U.S.)
• Tyvak Nano Satellite (U.S.).

Recent Developments in Nanosatellite & Microsatellite Market

In April 2023, ACC Clyde Space SDAAS satellite, “EPICHYPER-1”, was successfully launched on SpaceX rocket. The satellite will deliver Earth observation data to Canadian company Wyvern Inc., under an exclusive Space Data as a Service (SDaaS) deal.

Axelspace Corporation partnered with NorthStar Earth & Space, focusing on the provision of Space Situational Awareness (SSA) services using the GRUS satellites of the Earth Observation Platform called "AxelGlobe."

The ISISPACE Group accomplished a significant milestone by launching 47 satellites as part of its ISILAUNCH38 mission. The launch took place on board a Falcon 9 rocket as part of the Transporter-6 mission.

In April 2022, the successful delivery of the Omnispace Spark-1TM aboard the SpaceX Transporter-4 was announced by Omnispace and Thales Alenia Space.

In February 2022, the RISAT-1A radar imaging satellite was launched by the Indian Space Research Organization (ISRO), which is expected to enhance border security and defense while providing high-resolution images in all weather conditions.

In March 2021, two commercial nanosatellites launched by Open Cosmos showed how inexpensive satellites may bring the Internet of Things connectivity and data collecting to far-flung regions of the globe.

In March 2021, seven tiny satellites were launched into Earth’s orbit by Rocket Lab USA, a publicly traded American aerospace manufacturer and small satellite launch service provider, including its spacecraft for upcoming missions. Two “Internet of Things” nanosatellites and one Earth observation microsatellite were among the seven payloads launched into orbit.

In July 2021, one of the prominent companies Surrey Satellite Technology Limited took to the international scale and launched its first geostationary satellite platform - Eutelsat Quantum.

In June 2021, another prominent company Lockheed Martin launched GPS III Space vehicle 05 that is inclusive of the latest next-generation GPS III satellite.

In May 2021, other market companies L3Harris and Air Tractor partnered for the creation of an affordable, and production-ready ISR strike system that is likely to combine Air Tractor’s rugged platform along with L3Harris’ mature mission solutions.

In May 2021, a prominent market leader - Gomspace and SIGCOM collaborated for the progress of the FNR-funded MegaLEO project. MegaLEO is likely to advance the state-of-the-art of large satellite constellations. These are known to operate semi-autonomously by both deciding and executing satellite and network operation configurations in outer space.

Lockheed Martin and Thales Australia are known to have finalized an agreement in April 2020, advancing the delivery of Australian guided weapons followed by their manufacturing capability in support of a sovereign national guided weapons enterprise.

June 2020 – NanoAvionics announced the collaboration with Exolaunchand signed for SpaceX’srideshare mission. The collaboration is to launch 6U nanosatellite on the SpaceX’s Falcon 9 smallsat-dedicated board. This mission is expected to launch in December, 2020.

June 2020 – Kepler Communication in partnership with Space Flight Laboratory announced Operational Nanosatellite Constellation. The company is aiming to gain SFL expertise in designing and in-house manufacturing

Regional Insights

Based on the geography and geography, the global nanosatellite and microsatellite market was classified in North America, Latin America, Europe, Asia Pacific as well as Middle East & Africa. Of these, North America is projected to dominate the majority of the market over the forecast time. The market in this region is expected to show significant growth over the upcoming years due to the increasing contribution of the U.S.

Furthermore technological advancements that are likely to help facilitate space research and the presence of well-established space research universities and organizations are a few of the other factors expected to propel this market North America in the near future. Additionally, Asia Pacific is estimated to be a lucrative market for the market for microsatellite and nanosatellite in the coming years. The increasing focus on the creation of network infrastructure and increasing research and development efforts are expected to drive growth in the Asia Pacific market in the near future.

Segments Covered in the Nanosatellite & Microsatellite Market

Nanosatellite & Microsatellite Market by Solution

• Hardware
• Software
• Data Processing
• Launch Service

Nanosatellite & Microsatellite Market by Application

• Navigation & Mapping
• Scientific Research
• Power
• Communication
• Reconnaissance
• Others (Biological Experiments, Earth Observation, and Remote Sensing)

Nanosatellite & Microsatellite Market by Industry Type

• Agency
• Defense
• Educational
• Non-profit
• Energy & Infrastructure
• Others (Maritime & Transportation and Independent)

Nanosatellite & Microsatellite Market by Band

• X-band
• K-band
• Ka-band
• Others

Nanosatellite & Microsatellite Market by Mass

• 1 Kilogram – 10 Kilograms (Nanosatellites)
• 11 Kilogram – 100 Kilograms (Microsatellites)

Nanosatellite & Microsatellite Market by Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania

• Middle East and Africa (MEA)

Frequently Asked Questions:

What is the size of the global nanosatellite and microsatellite market?

Global Nanosatellite & Microsatellite Market is expected to grow rapidly at a 5.26% CAGR consequently, it will grow from its existing size of from $31.78 billion in 2023 to $52.85 billion by 2030.

What are the key factors driving the global nanosatellite and microsatellite market?

The rising application of nanosatellite and microsatellite across the civil, commercial, and defense sectors to conduct low-cost space missions, such as geolocation, signal monitoring, and communications, is primarily driving the global nanosatellite and microsatellite market.

What has been the impact of COVID-19 on the global nanosatellite and microsatellite market?

The 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 and temporary halt in numerous manufacturing activities for nanosatellite and microsatellites.

What is the breakup of the global nanosatellite and microsatellite market based on the satellite mass?

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

1. SUMMARY

1.1. Nanosatellite & Microsatellite Market Overview

1.2. Key Insights

1.3. Report Scope

1.4. Research Methodology

1.5. Frequently Asked Questions

1.6. Chapter Outlines

2. DECISION-MAKING SUMMARY
3. INTRODUCTION

3.1. Overview of Nanosatellite & Microsatellite

3.2. Key Historical Events

3.3. Structure

3.4. Biochemical Interaction

3.5. Target Indications

3.6. Advantages of Nanosatellite & Microsatellite

3.7 Challenges associated with Nanosatellite & Microsatellite

3.8. Future Perspectives.

4. MARKET LANDSCAPE

4.1. Methodology

4.2 Nanosatellite & Microsatellite: Developer Landscape

4.2.1. Analysis by Year of Establishment

4.2.2. Analysis by Company Size

4.2.3. Analysis by Location of Headquarters (Region-wise)

4.2.4. Analysis by Location of Headquarters (Country-wise)

4.2.5. Analysis by Year of Establishment, Company Size and Location of Headquarters (Region-wise)

4.2.6. Most Active Players

5. COMPANY

5.1. Company Overview

5.1.2 Management Team

5.1.3. Product Portfolio

5.1.4. Recent Developments and Future Outlook

6. PARTNERSHIPS AND COLLABORATIONS

6.1. Partnership Models

6.2. Nanosatellite & Microsatellite: Partnerships and Collaborations

6.2.1. Analysis by Year of Partnership

6.2.2. Analysis by Type of Partnership

6.2.3. Analysis by Year and Type of Partnership

6.2.4. Analysis by Type of Partner

6.2.5. Analysis by Year of Partnership and Type of Partner

6.2.6. Analysis by Type of Partnership and Type of Partner

6.2.7. Analysis by Type of Partner and Parent Company Size

7. ACADEMIC GRANTS ANALYSIS

7.1. Methodology and Key Parameters

7.2. Nanosatellite & Microsatellite: Academic Grants Analysis

7.2.1. Analysis by Year of Grant Award

7.2.2. Analysis by Amount Awarded

7.2.3. Analysis by Funding Institute Center

7.2.4. Analysis by Support Period

7.2.5. Analysis by Funding Institute Center and Support Period

7.2.6. Analysis by Type of Grant Application

7.2.7. Analysis by Purpose of Grant

8. PUBLICATION ANALYSIS

8.1. Analysis Methodology and Key Parameters

8.2. Nanosatellite & Microsatellite: Publication Analysis

8.2.1. Analysis by Year of Publication

8.2.2. Analysis by Type of Publication

8.2.3. Analysis by Type of Conjugate

8.2.4. Analysis by Target Indication

8.2.5. Analysis by Copyright Holder

8.2.6. Word Cloud: Emerging Focus Area

8.2.7. Most Active Publishers: Analysis by Number of Publications

9. SUCCESS PROTOCOL ANALYSIS

9.1. Methodology and Key Parameters

9.2. Key Assumptions and Scoring Criteria

9.3. Success Protocol Analysis

9.4. Assessment of Approved Nanosatellite & Microsatellite

10. Appendix 1: Tabulated Data
11. Appendix 2: List of Companies 

1. Axelspace Corporation (Japan)
2. Astrocast (Switzerland)
3. BlackSky Global (U.S.)
4. Capella Space (U.S.)
5. GomSpace (Denmark)
6. ICEYE (Finland)
7. Kepler Communication (Canada)
8. Lockheed Martin (U.S.)
9. Nano Avionics (U.S.)
10. OneWeb (UK)
11. Planet Labs (U.S.)
12. Planet IQ (U.S.)
13. Satellogic (Argentina)
14. Spire Global (U.S.)
15. Tyvak Nano Satellite (U.S.)

Segments Covered in the Nanosatellite & Microsatellite Market

Nanosatellite & Microsatellite Market by Solution

• Hardware
• Software
• Data Processing
• Launch Service

Nanosatellite & Microsatellite Market by Application

• Navigation & Mapping
• Scientific Research
• Power
• Communication
• Reconnaissance
• Others (Biological Experiments, Earth Observation, and Remote Sensing)

Nanosatellite & Microsatellite Market by Industry Type

• Agency
• Defense
• Educational
• Non-profit
• Energy & Infrastructure
• Others (Maritime & Transportation and Independent)

Nanosatellite & Microsatellite Market by Band

• X-band
• K-band
• Ka-band
• Others

Nanosatellite & Microsatellite Market by Mass

• 1 Kilogram – 10 Kilograms (Nanosatellites)
• 11 Kilogram – 100 Kilograms (Microsatellites)

Nanosatellite & Microsatellite Market by Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa (MEA)