Press release
Nano and Micro Satellite Market poised to grow at a CAGR around 24% over 2016 – 2021 | Boeing, ISIS, GomSpace, Aerospace, Lockheed Martin, Sierra Nevada, Ruag, GeoOptics and Planet Labs
Global Nano and Micro Satellite Market Report Information by Purpose (Earth Observation/ Remote Sensing, Science/R&D, Communications, and Military Reconnaissance), by End-user (Commercial, Civil / Government, and Military), and by Region - Forecast To 2023.The global Nano and Micro Satellite market is expected to grow at a CAGR of around 24% during 2016-2021. This growth is driven due to significant increase in demand for commercial application, low cost of nano and micro satellite, and increased utilization for military and defense areas.
Commercial application account approx. 60% of the market share as of 2015. Civil and Government application will see significant growth in the forecast period.
The key companies in the report include Dauria Aerospace, Deep Space Industries, Innovative Solutions in Space, Planet Labs, Space Quest, GeoOptics, Sierra Nevada, and Axelspace, Clyde Space, and Dynetic
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Regional Analysis
There is increased demand for nano and microsatellites from the civil/government and commercial and military sectors. Europe and North America have traditionally developed and launched most satellites. The growth in North America nano and microsatellite market is mainly driven by the presence of key players, such as Sierra Nevada Corporation, Planet Labs Inc., and others. They are carrying out various activities which are boosting the growth of the market. However, the growing need for satellite-based infrastructure in emerging countries, such as China and India, has contributed to the development of the market in APAC. The best example of low-cost satellite launching technique is the launch of PSLV - C28, which was launched in 2015, and PSLV - XL - C38 has been recently launched by the Indian Space Research Organization (ISRO), in the year 2017.
Upgrading the technology of nano and microsatellites has not only facilitated developing countries to grow their satellite infrastructure but have also opened up revolution in the markets.
The U.S. and Canada are the major markets in the Americas for space-based programs. Both the countries have an advanced infrastructure and are involved in various space programs. Companies, such as NASA and SpaceX, are developing new systems that are expected to meet the growing demand for nano and microsatellites in the future.
The market in Europe has high technological capabilities and the needed infrastructure for space launch missions. Russia, Ukraine, Italy, France, Germany, Spain, the U.K, and Norway are the leading markets in this region. The ESA largely contributes to the development of satellite-based infrastructure and space launch missions.
Israel, Saudi Arabia, and UAE are few of the major markets in the Middle East. Africa is currently a small market and lacks the technological capabilities and infrastructure.
Intended Audience
• Government
• Policymaker
• Consultants
• Suppliers
Scope of Report
This research report provides detailed insights, into various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Nano and Micro Satellite Market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides views over the historic market values as well as, pricing and cost analysis of the same.
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Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued........
List of Tables
Table 1 Global Nano and Micro Satellite Market: by Region, 2017-2023
Table 2 North America Nano and Micro Satellite Market: by Country, 2017-2023
Table 3 Europe Nano and Micro Satellite Market: by Country, 2017-2023
Table 4 Asia Pacific Nano and Micro Satellite Market: by Country, 2017-2023
Table 5 Row Nano and Micro Satellite Market: by Country, 2017-2023
Table 6 Global Nano and Micro Satellite Market, by Purpose, by Regions, 2017-2023
Table 7 North America Nano and Micro Satellite Market, by Purpose, by Country, 2017-2023
Table 8 Europe Nano and Micro Satellite Market, by Purpose, by Country, 2017-2023
Table 9 Asia Pacific Nano and Micro Satellite Market by Purpose, by Country, 2017-2023
Continued.........
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