Global Nano and Microsatellite Market Size study & Forecast, by Application, by Orbit Class, by End User, by Propulsion Tech, and Regional Analysis, 2023-2030

Description

List of Tables

Global Nano and Microsatellite Market is valued at approximately USD 2.4 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 10.85% during the forecast period 2023-2030. Microsatellites and nanosatellites represent compact artificial satellites launched into space for diverse objectives, such as data collection about earth and outer space. These satellites are classified based on their total mass, as outlined by the National Aeronautics and Space Administration (NASA). Nanosatellites are defined as artificial satellites weighing between 1 kg and 10 kg, whereas microsatellites fall within the weight range of 11 kg to 100 kg. Furthermore, nanosatellites adhering to standard dimensions denoted as "U" or Units, measuring 10 × 10 × 10, are commonly called CubeSats. The market growth is driven by key factors such as increasing usage of nanosatellites for telecommunication services and lower Manufacturing Cost and Time Compared to Large Satellites.

Growing trend of utilizing nanosatellites, which are small and lightweight satellites, to provide telecommunication services. Nanosatellites, also known as CubeSats, are miniature satellites that have gained popularity due to their relatively low cost and quick development cycles compared to traditional larger satellites. As per Statista, the growth of nanosatellite in telecommunication was valued at USD 14.1 billion in 2016 and is expected to reach USD 95.3 billion in 2021. Furthermore, between 2017 and 2022, among the 57 satellites sent into Medium Earth Orbit (MEO), eight were specifically crafted for communication objectives. Similarly, within the 147 satellites positioned in the Geostationary Earth Orbit (GEO), a significant majority of 105 were designated for communication purposes. Across the globe, various organizations owned and launched approximately 4,131 Low Earth Orbit (LEO) satellites over this period, with almost 2,976 of them expressly designed to facilitate communication. Furthermore, The UK government has outlined a substantial USD 7.5 billion plan to enhance the satellite telecommunication capabilities of its armed forces. In July 2020, the UK Ministry of Defence (MoD) granted a contract valued at USD 630 million to Airbus Defence and Space for the construction of a new telecommunications satellite, aiming to fortify military capabilities temporarily. Furthermore, in November 2022, the European Space Agency (ESA) proposed a 25% increase in space funding over the next three years. This initiative is geared towards sustaining Europe's leadership in Earth observation, expanding navigation services, and maintaining collaboration with the United States in exploration. ESA has sought the support of its 22 member nations to endorse a budget of approximately USD 20.40 billion for the period spanning 2023-2025. However, limitations of small satellites regarding payload accommodation and stringent government regulations stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Nano and Microsatellite Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. In 2022 North America emerged as the leading market for nanosatellites and microsatellites, primarily propelled by escalating investments in space-related initiatives. Conversely, the Asia Pacific region is poised to become the fastest-growing market, with countries such as Japan and India spearheading the aggressive deployment of small satellites dedicated to communication and navigation functions. Japan strategically positioned itself to address the rising demand for compact satellites and spacecraft, aligning with the imperative for miniaturization in the industry.

Major market player included in this report are:

Vector Launch, Inc
Dauria Aerospace
Surrey Satellite Technology Limited (SSTL)
GomSpace
Innovative Solutions in Space (ISIS) B.V.
Sierra Nevada Corporation (SNC)
Spire Global, Inc.
SpaceQuest Ltd.
The Boeing Company
Tyvak Nano-Satellite Systems, Inc

Recent Developments in the Market:

In March 2021, Rocket Lab USA, a publicly traded American aerospace manufacturer and provider of small satellite launch services, successfully deployed seven small satellites into Earth's orbit, including its spacecraft designed for future missions. Among the payloads were an Earth-observation microsatellite and two nanosatellites dedicated to the "Internet of Things.
In March 2022, the China Aerospace Science and Technology Corporation achieved a successful launch of the Tiankun-2 satellites into a low-Earth polar orbit, marking the inaugural flight of the Long March 6A.

Global Nano and Microsatellite Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Application, Orbit Class, End-user, Propulsion Tech, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential 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 Application:

Communication
Earth Observation
Navigation
Space Observation
Others

By Orbit Class:

By End-user:

Commercial
Military & Government
Other

By Propulsion Tech:

Electric
Gas based
Liquid Fuel

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Nano and Microsatellite Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Nano and Microsatellite Market, by Application, 2020-2030 (USD Billion)
- 1.2.3. Nano and Microsatellite Market, by Orbit Class, 2020-2030 (USD Billion)
- 1.2.4. Nano and Microsatellite Market, by End-user, 2020-2030 (USD Billion)
- 1.2.5. Nano and Microsatellite Market, by Propulsion Tech, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Nano and Microsatellite Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Nano and Microsatellite Market Dynamics

3.1. Nano and Microsatellite Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing usage of nano satellites for telecommunication services
  - 3.1.1.2. Lower Manufacturing Cost
- 3.1.2. Market Challenges
  - 3.1.2.1. Limitations of small satellites regarding payload accommodation
  - 3.1.2.2. Stringent government regulations
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increase in demand for nanosatellites and microsatellites from the commercial sector
  - 3.1.3.2. Increase in demand for satellite data

Chapter 4. Global Nano and 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
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Nano and Microsatellite Market, by Application

5.1. Market Snapshot
5.2. Global Nano and Microsatellite Market by Application, Performance - Potential Analysis
5.3. Global Nano and Microsatellite Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
5.4. Nano and Microsatellite Market, Sub Segment Analysis
- 5.4.1. Communication
- 5.4.2. Earth Observation
- 5.4.3. Navigation
- 5.4.4. Space Observation
- 5.4.5. Others

Chapter 6. Global Nano and Microsatellite Market, by Orbit Class

6.1. Market Snapshot
6.2. Global Nano and Microsatellite Market by Orbit Class, Performance - Potential Analysis
6.3. Global Nano and Microsatellite Market Estimates & Forecasts by Orbit Class 2020-2030 (USD Billion)
6.4. Nano and Microsatellite Market, Sub Segment Analysis
- 6.4.1. GEO
- 6.4.2. LEO
- 6.4.3. MEO

Chapter 7. Global Nano and Microsatellite Market, by End-user

7.1. Market Snapshot
7.2. Global Nano and Microsatellite Market by End-user, Performance - Potential Analysis
7.3. Global Nano and Microsatellite Market Estimates & Forecasts by End-user 2020-2030 (USD Billion)
7.4. Nano and Microsatellite Market, Sub Segment Analysis
- 7.4.1. Commercial
- 7.4.2. Military & Government
- 7.4.3. Other

Chapter 8. Global Nano and Microsatellite Market, by Propulsion Tech

8.1. Market Snapshot
8.2. Global Nano and Microsatellite Market by Propulsion Tech, Performance - Potential Analysis
8.3. Global Nano and Microsatellite Market Estimates & Forecasts by Propulsion Tech 2020-2030 (USD Billion)
8.4. Nano and Microsatellite Market, Sub Segment Analysis
- 8.4.1. Electric
- 8.4.2. Gas based
- 8.4.3. Liquid Fuel

Chapter 9. Global Nano and Microsatellite Market, Regional Analysis

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Nano and Microsatellite Market, Regional Market Snapshot
9.4. North America Nano and Microsatellite Market
- 9.4.1. U.S. Nano and Microsatellite Market
  - 9.4.1.1. Application breakdown estimates & forecasts, 2020-2030
  - 9.4.1.2. Orbit Class breakdown estimates & forecasts, 2020-2030
  - 9.4.1.3. End-user breakdown estimates & forecasts, 2020-2030
  - 9.4.1.4. Propulsion Tech breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Nano and Microsatellite Market
9.5. Europe Nano and Microsatellite Market Snapshot
- 9.5.1. U.K. Nano and Microsatellite Market
- 9.5.2. Germany Nano and Microsatellite Market
- 9.5.3. France Nano and Microsatellite Market
- 9.5.4. Spain Nano and Microsatellite Market
- 9.5.5. Italy Nano and Microsatellite Market
- 9.5.6. Rest of Europe Nano and Microsatellite Market
9.6. Asia-Pacific Nano and Microsatellite Market Snapshot
- 9.6.1. China Nano and Microsatellite Market
- 9.6.2. India Nano and Microsatellite Market
- 9.6.3. Japan Nano and Microsatellite Market
- 9.6.4. Australia Nano and Microsatellite Market
- 9.6.5. South Korea Nano and Microsatellite Market
- 9.6.6. Rest of Asia Pacific Nano and Microsatellite Market
9.7. Latin America Nano and Microsatellite Market Snapshot
- 9.7.1. Brazil Nano and Microsatellite Market
- 9.7.2. Mexico Nano and Microsatellite Market
9.8. Middle East & Africa Nano and Microsatellite Market
- 9.8.1. Saudi Arabia Nano and Microsatellite Market
- 9.8.2. South Africa Nano and Microsatellite Market
- 9.8.3. Rest of Middle East & Africa Nano and Microsatellite Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Vector Launch, Inc
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Recent Developments
- 10.3.2. Dauria Aerospace
- 10.3.3. Surrey Satellite Technology Limited (SSTL)
- 10.3.4. GomSpace
- 10.3.5. Innovative solutions in space b.v
- 10.3.6. Sierra Nevada Corporation (SNC)
- 10.3.7. Spire Global, Inc.
- 10.3.8. SpaceQuest Ltd.
- 10.3.9. The Boeing Company
- 10.3.10. Tyvak Nano-Satellite Systems, Inc

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Nano and Microsatellite Market, report scope
TABLE 2. Global Nano and Microsatellite Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Nano and Microsatellite Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 4. Global Nano and Microsatellite Market estimates & forecasts by Orbit Class 2020-2030 (USD Billion)
TABLE 5. Global Nano and Microsatellite Market estimates & forecasts by End-user 2020-2030 (USD Billion)
TABLE 6. Global Nano and Microsatellite Market estimates & forecasts by Propulsion Tech 2020-2030 (USD Billion)
TABLE 7. Global Nano and Microsatellite Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Nano and Microsatellite Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Nano and Microsatellite Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Nano and Microsatellite Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Nano and Microsatellite Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Nano and Microsatellite Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Nano and Microsatellite Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Nano and Microsatellite Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Nano and Microsatellite Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Nano and Microsatellite Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Nano and Microsatellite Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Nano and Microsatellite Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Nano and Microsatellite Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Nano and Microsatellite Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Nano and Microsatellite Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Nano and Microsatellite Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Nano and Microsatellite Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Nano and Microsatellite Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Nano and Microsatellite Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Nano and Microsatellite Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Nano and Microsatellite Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Nano and Microsatellite Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Nano and Microsatellite Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Nano and Microsatellite Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Nano and Microsatellite Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Nano and Microsatellite Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Nano and Microsatellite Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Nano and Microsatellite Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Nano and Microsatellite Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Nano and Microsatellite Market
TABLE 72. List of primary sources, used in the study of global Nano and Microsatellite Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Nano and Microsatellite Market, research methodology
FIG 2. Global Nano and Microsatellite Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Nano and Microsatellite Market, key trends 2022
FIG 5. Global Nano and Microsatellite Market, growth prospects 2023-2030
FIG 6. Global Nano and Microsatellite Market, porters 5 force model
FIG 7. Global Nano and Microsatellite Market, pest analysis
FIG 8. Global Nano and Microsatellite Market, value chain analysis
FIG 9. Global Nano and Microsatellite Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Nano and Microsatellite Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Nano and Microsatellite Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Nano and Microsatellite Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Nano and Microsatellite Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Nano and Microsatellite Market, regional snapshot 2020 & 2030
FIG 15. North America Nano and Microsatellite Market 2020 & 2030 (USD Billion)
FIG 16. Europe Nano and Microsatellite Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Nano and Microsatellite Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Nano and Microsatellite Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Nano and Microsatellite Market 2020 & 2030 (USD Billion)