Nanosatellite Market 2019 Global Industry Profit Growth, Emerging Technologies, Competitive Landscape and Opportunity Assessment by Forecast 2023

According to NASA, a nanosatellite may weigh between 1-10 kilograms and is used for various purposes such as gathering of scientific data and radio relay. These satellites are easy to manufacture with off-the-shelf components and usually operate in constellations. Increasing technological development in the miniaturization and capability increase of electronic technology is expected to boost growth of the global nanosatellite market. Moreover, increasing launch of nanosatellite constellations for commercial missions is also expected to contribute to growth of the market. For instance, on September 24, 2019, Eutelsat Communications revealed its ELO constellation project targeting the Internet of Things (IoT) market. The company is expected to launch 25 nanosatellites in the next three years.

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Major companies in the global nanosatellite market are focused on raising funds to expand their product portfolio. For instance, Fleet Space Technologies, a nanosatellite producing company based in Australia raised US$ 7.35 million in funding for satellite IoT connectivity.
North America nanosatellite market is expected to hold dominant position in the global nanosatellite market. This is owing to presence of major market players in the region such as Pumpkin Space Systems, Adcole Maryland Aerospace, Harris Corporation, and Blue Canyon Technologies. The market in Asia Pacific is expected to witness significant growth, owing to increasing launch of nanosatellites in the region. For instance, in January 2019, Japan’s space agency, JAXA launched ‘RAPIS-1’ (RAPid Innovative payload demonstration Satellite 1), a small satellite designed and operated by Axelspace Corporation from the Uchinoura Space Center in Kagoshima Prefecture, Japan.
The market in Middle East is also expected to witness significant growth, owing to increasing launch of nanosatellites. For instance, in September 2019, NSLComm, a satellite manufacturer based in Israel, announced to launch NSLSat-2, a nanosatellite that will be a part of a network of nanosatellites for monitoring assets from space in several industries such as oil and gas, shipping, and agriculture. The company had launched NSLSat-1 in July 2019.
Nanosatellites can help to reduce cost of construction and launch vehicles. Constellation of nanosatellites can find application in several industries such as telecommunication and defense. However, the lack of sufficient power storage or of room for a propulsion system are some of the technical challenges in the construction of nanosatellites, which may hinder growth of the nanosatellites market.

Key Market Takeaways:
Increasing launch of nanosatellites for commercial purposes is expected to boost growth of the market
Players in the market are focused on raising funds to expand their product portfolio
North America is expected to hold dominant position in the global nanosatellite market, owing to presence of major market players
Major players operating in the global nanosatellite market include, Compagnia Generale per lo Spazio, Harris Corporation, Clyde Space, Endurosat, GomSpace, GAUSS Srl, Innovative Solutions in Space, Millennium Space Systems, NanoAvionics, NearSpace Launch, NEXEYA, Space Inventor, Sierra Nevada Corporation, Surrey Satellite Technologies, Tyvak International, UTIAS Space Flight Laboratory, Pumpkin Space Systems, Adcole Maryland Aerospace, and Blue Canyon Technologies

Table Of Contenet:

Chapter One Introduction of Nanosatellite Industry
1.1 Brief Introduction of Nanosatellite
1.2 Development of Nanosatellite Industry
1.3 Status of Nanosatellite Industry

Chapter Two Manufacturing Technology of Nanosatellite
2.1 Development of Nanosatellite Manufacturing Technology
2.2 Analysis of Nanosatellite Manufacturing Technology
2.3 Trends of Nanosatellite Manufacturing Technology

Chapter Four 2013-2018 Global and Chinese Market of Nanosatellite
4.1 2013-2018 Global Capacity, Production and Production Value of Nanosatellite Industry
4.2 2013-2018 Global Cost and Profit of Nanosatellite Industry
4.3 Market Comparison of Global and Chinese Nanosatellite Industry
4.4 2013-2018 Global and Chinese Supply and Consumption of Nanosatellite
4.5 2013-2018 Chinese Import and Export of Nanosatellite

Chapter Five Market Status of Nanosatellite Industry
5.1 Market Competition of Nanosatellite Industry by Company
5.2 Market Competition of Nanosatellite Industry by Country (USA, EU, Japan, Chinese etc.)
5.3 Market Analysis of Nanosatellite Consumption by Application/Type

Continued........

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Significant Market Features:

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