Press release
Global Nanosatellite and Microsatellite Market growing at a CAGR of 20.3% during 2018-2025
This report studies the Nanosatellite and Microsatellite market, the term "microsatellite" or "microsat" is usually applied to the name of an artificial satellite with a wet mass between 10 and 100 kg (22 and 220 lb). The term "nanosatellite" or "nanosat" is applied to an artificial satellite with a wet mass between 1 and 10 kg (2.2 and 22.0 lb).
In recent time, high growth in the communication, scientific research, earth observation and other industries is some of the major drivers of global Nanosatellite and Microsatellite industry.
In the past five years, global Nanosatellite and Microsatellite industry has experienced a period of rapid growth, in 2017, the production was about 168 Units, and in 2018, the production will be about 218 Units.
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Global Nanosatellite and Microsatellite industry shows a high concentration degree due to the high technical barriers. In terms of geography, North America is the largest consumption region with a 51.54% global market share in 2017, followed by Europe with 30.79%.
The global Nanosatellite and Microsatellite market is valued at 420 million US$ in 2017 and will reach 1820 million US$ by the end of 2025, growing at a CAGR of 20.3% during 2018-2025.
The major manufacturers covered in this report
Lockheed Martin
Northrop Gruman
Raytheon
Dynetics
Surrey Satellite Technology
Axelspace
Sierra Nevada
Clyde Space
Planet Labs
Dauria Aerospace
CASC
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
North America
Europe
China
Japan
Southeast Asia
India
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