Nanosatellite and Microsatellite Market - By Component, By Orbit, By Organization Size, By Application, By End-User & Forecast, 2024

Description

Nanosatellite and Microsatellite Market size is projected to record over 15% CAGR from 2024 to 2032, driven by expansion of the telecommunications for offering new solutions for global connectivity. Nanosatellites and microsatellites are widely deployed to create dense networks in low orbit of the Earth for enhancing communication capabilities.

Advancements in satellite technologies are also improving data transmission rates and reducing latency for high-speed internet and mobile communications. In addition, the evolution of nanosatellites and microsatellites is supporting the growing demand for connectivity in both urban and remote areas. According to Invest India, the telecom industry in India, with a subscriber base of 1.094 billion as of May 2024 is leveraging nanosatellites and microsatellites to enhance connectivity, expand coverage, and support the growing demand for high-speed data services.

The overall market is segregated into component, orbit, organization size, application, end-user, and region.

In terms of component, the nanosatellite and microsatellite market from the software segment is expected to record significant CAGR from 2024 to 2032, due to the pressing need for transforming space exploration and communication. Nanosatellite and microsatellite software are currently enabling more frequent and accessible space missions for providing valuable data for research and commercial applications. Researchers and companies are also utilizing these satellites for Earth observation, scientific experiments, and communication networks for making space more accessible and versatile for a variety of applications.

By organization size, the nanosatellite and microsatellite industry from the SMEs segment is projected to rise from 2024 to 2032, driven by increasing usage to enhance operations. These satellites are providing SMEs with affordable access to space-based data and communication networks. Businesses are also using them for tasks, such as remote sensing, environmental monitoring, and improving connectivity in remote areas. The increasing development of satellite technology is also empowering SMEs to driving advances in various sectors through enhanced data collection and communication capabilities.

Regionally, the Asia Pacific nanosatellite and microsatellite market size is projected to exhibit robust growth between 2024 and 2032, fueled by increasing role in defense and security applications. Governments and defense agencies are deploying these small satellites for surveillance, reconnaissance, and communication purposes. The increasing advancements in satellite technology for bolstering defense and security operations for ensuring better protection and rapid response capabilities will drive the regional market growth.

Product Code: 9668

Chapter 1 Methodology & Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definitions

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Component suppliers
- 3.2.2 Manufacturers
- 3.2.3 Service providers
- 3.2.4 Technology providers
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Growing demand for earth observation for various applications
  - 3.8.1.2 Increasing advancements in miniaturization technology
  - 3.8.1.3 Rise of private space companies and increasing investments in space exploration and satellite technology
  - 3.8.1.4 Expansion of communication services
  - 3.8.1.5 Governments and defense agencies are increasingly utilizing nanosatellites and microsatellites
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 Lack of payloads
  - 3.8.2.2 Regulatory barriers
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Component, 2021 - 2032 ($Mn)

5.1 Key trends
5.2 Hardware
5.3 Software
5.4 Launch services

Chapter 6 Market Estimates & Forecast, By Orbit, 2021 - 2032 ($Mn)

6.1 Key trends
6.2 Low earth orbit (LEO)
6.3 Medium earth orbit (MEO)
6.4 Geostationary orbit (GEO)
6.5 Other

Chapter 7 Market Estimates & Forecast, By Organization Size, 2021 - 2032 ($Mn)

7.1 Key trends
7.2 SMEs
7.3 Large enterprises

Chapter 8 Market Estimates & Forecast, By Application, 2021 - 2032 ($Mn)

8.1 Key trends
8.2 Earth observation and remote sensing
8.3 Communication and navigation
8.4 Scientific research
8.5 Technology demonstration and verification
8.6 Academic training
8.7 Other

Chapter 9 Market Estimates & Forecast, By End-user, 2021 - 2032 ($Mn)

9.1 Key trends
9.2 Government
9.3 Civil
9.4 Commercial
9.5 Other

Chapter 10 Market Estimates & Forecast, By Region, 2021 - 2032 (($Mn)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.5.4 Rest of Latin America
10.6 MEA
- 10.6.1 South Africa
- 10.6.2 UAE
- 10.6.3 Saudi Arabia
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 AAC Clyde Space
11.2 Airbus Defence and Space
11.3 Axelspace Corporation
11.4 Berlin Space Technologies GmbH
11.5 Clyde Space
11.6 GomSpace
11.7 Honeywell International Inc.
11.8 Innovative Solutions In Space (ISIS)
11.9 Lockheed Martin Corporation
11.10 NanoAvionics
11.11 Northrop Grumman Corporation
11.12 Planet Labs Inc.
11.13 Raytheon Technologies Corporation
11.14 Sierra Nevada Corporation
11.15 Sky and Space Global Ltd.
11.16 Spire Global, Inc.
11.17 Surrey Satellite Technology Ltd.
11.18 Thales Group
11.19 The Boeing Company
11.20 Tyvak Nano-Satellite Systems, Inc.

Nanosatellite and Microsatellite Market - By Component, By Orbit, By Organization Size, By Application, By End-User & Forecast, 2024 - 2032