Monday, 26 August 2019 12:20 GMT

Nanosatellite and Microsatellite Market size is expected to reach 6,111.8 million US$ in 2026 - America News Hour

(MENAFN - America News Hour) Market Study Report Provides A Detailed Overview Of Nanosatellite and Microsatellite Market With Respect To The Pivotal Drivers Influencing The Revenue Graph Of This Business Sphere. The Current Trends Of Nanosatellite and Microsatellite Market In Conjunction With The Geographical Landscape, Demand Spectrum, Remuneration Scale, And Growth Graph Of This Vertical Have Also Been Included In This Report.

According to a new research the worldwide Nanosatellite and Microsatellite Market is anticipated to reach over USD 6,111.8 million by 2026.

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In 2017, the nano satellite segment dominated the global
market, in terms of revenue. In 2017, North America accounted for the majority
share in the global Nano Satellite and Micro Satellite market.

Nano satellites are used in civil, government, defense, and
commercial sectors for earth observation and telecommunication applications.
Organizations are increasingly adopting nano and micro satellites for
technology demonstration, and scientific research and experimentation. The
growing commercial sector, along with low costs associated with these
satellites drive the market. There has been a rising demand of earth
observation services among various sectors such as agriculture, energy, civil
engineering, oil and gas, and defense. Growing use of these satellites in
defense sector would boost the growth of this market. Technological advancement
in terms of miniaturization of components, and associated software has
encouraged established organizations, and small and medium enterprises to
invest in these satellites. Advancements in microelectronics such as light
weight apertures, antennas, panels, transreceivers, control sensors and actuators,
and multi spectral imagers would increase the efficiency and processing power
of these satellites and make it easy to assemble and test, reducing the
complexities associated with heavy satellites.

Cubesat technology is growing at a rapid rate. CubeSats are
a class of research spacecraft called nanosatellites. Cubesats are miniaturized
satellites with mass between 1-3 kg. 
CubeSats are developed to standard dimensions (Units or U) of 10x10x11.
They can be 1U, 2U, 3U, or 6U in size, and typically weigh less than 1.33 kg (3
lbs) per U. CubeSats are widely used by academia and research, and would
constitute around 30% of total nano satellite market during the forecast
period. Nano satellites in the range of 4-6 kg would constitute around 60% of
the nano-satellite market during the forecast period owing to its increasing
applications in remote sensing, earth observation, and technology development.

The adoption of nano and micro satellites in the commercial
sector has increased tremendously over the past few years owing to
miniaturization of bulky satellite components, reduced costs, and
standardization of satellite parts. In the commercial sector, these satellites
are used in forestry, agriculture, energy, civil engineering, archaeology,
insurance, and media and entertainment among others. These satellites are used
for obtaining high-resolution earth imaging, space-based internet, and
communication services. Planet, a company based in U.S., has a constellation of
36 small satellites in orbit, and offers high resolution imaging to consumers
in the commercial sector. Other companies such as Skybox, Digital Globe, and
O3B offer services such as real time satellite imaging, telecommunication, and
space-based internet through these satellites.

The well-known companies profiled in the report include
Lockheed Martin Corporation, Planet Labs, Inc., Sierra Nevada Corporation,
Raytheon Company, Clyde Space, Inc., SpaceQuest Ltd., Surrey Satellite
Technology Limited, Vector Space Systems, Tyvak Inc., The Boeing Company,
GomSpace Group AB, Harris Corporation, and Thales Group among others. These
companies launch new products and collaborate with other market leaders to
innovate and launch new products to meet the increasing needs and requirements
of consumers.

North America is expected to dominate the market throughout
the forecast period. Rise in applications of nano and micro satellites in
agriculture, real estate, defense, and government sectors in the North American
region is the major driver for market growth. The affordable price of these
satellites also accelerates the penetration in the commercial sector. Rise in
investment in the defense sector, along with technological advancement in
telecommunication industry, is expected to drive the nano and micro satellite
market growth during the forecast period. Use of high-resolution imaging, and
communication services for border security and monitoring high-risk situation
by federal agencies, government, and non-government organizations are expected
to raise the market investment for these services.

The various applications of nanosatellites and
microsatellites include earth observation, communication, technology
demonstration, biological experimentation, scientific research & academic
training, and others. Earth observation accounted for the highest share in
2017. These satellites are increasingly being used in this sector for
commercial weather monitoring, agricultural monitoring and management, and
synthetic aperture radar imagery. They are also used by the defense sector for
border monitoring, disaster management, and other military missions. Companies
such as Planet, Skybox Imaging, and Dauria Aerospace have launched several
small satellites dedicated only for remote sensing. Over 2,100 satellites are
anticipated to be launched from 2016 to 2025. Leading companies in this sector
include Planet, Spire, BlackSky Global and Satellogic, which together plan to
launch 1,400 out of the total 2,100 satellites. An emerging application of
these satellites is near real-time remote sensing, with two U.S. companies,
Planet Labs and Skybox Imaging offering services.  Near-real time satellite imagery would enable
monitoring of assets at the same time for global corporations, and generating high-resolution
visual data for individual companies, and governments. Increasing demand of
on-demand geographic information systems with pay-per-image business model is
expected to supplement the growth of this market.

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Table of Contents:

3.3.3.   Nanosatellite
and Microsatellite Market PEST Analysis, 2017

3.3.4.   Nanosatellite
and Microsatellite Market Value Chain Analysis

3.3.5.   Nanosatellite
and Microsatellite Industry Trends

3.3.6.   Competitive
Ranking Analysis

4.         Nanosatellite
and Microsatellite Market Size and Forecast, 2017-2026 by Type

4.1.      Key Findings

4.2.      Nanosatellites

4.3.      Microsatellites

5.         Nanosatellite
and Microsatellite Market Size and Forecast, 2017-2026 by Application

5.1.      Key Findings

5.2.      Earth

5.3.      Communication

5.4.      Technology

5.5.      Biological

5.6.      Scientific
Research & Academic Training

5.7.      Others

6.         Nanosatellite
and Microsatellite Market Size and Forecast, 2017-2026 by End-User

6.1.      Key Findings

6.2.      Defense

6.3.      Civil and

6.4.      Government

6.5.      Energy

6.6.      Commercial

6.7.      Others

7.         Nanosatellite
and Microsatellite Market Size and Forecast, 2017-2026 by Region

7.1.      Key Findings

7.2.      North America

7.2.1.   U.S.

7.2.2.   Canada

7.2.3.   Mexico

7.3.      Europe

7.3.1.   Germany

7.3.2.   UK

7.3.3.   France

7.3.4.   Italy

7.3.5.   Rest of Europe

7.4.      Asia-Pacific

7.4.1.   China

7.4.2.   India

7.4.3.   Japan

7.4.4.   Rest of

7.5.      Latin America

7.5.1.   Brazil

7.6.      Middle East
& Africa

8.         Company

8.1.      Lockheed
Martin Corporation

8.1.1.   Overview

8.1.2.   Financials

8.1.3.   Product

8.1.4.   Recent

8.2.      Planet Labs,

8.2.1.   Overview

8.2.2.   Financials

8.2.3.   Product

8.2.4.   Recent

8.3.      Sierra Nevada

8.3.1.   Overview

8.3.2.   Financials

8.3.3.   Product

8.3.4.   Recent

8.4.      Raytheon

8.4.1.   Overview

8.4.2.   Financials

8.4.3.   Product

8.4.4.   Recent

8.5.      Clyde Space,

8.5.1.   Overview

8.5.2.   Financials

8.5.3.   Product

8.5.4.   Recent

8.6.      SpaceQuest

8.6.1.   Overview

8.6.2.   Financials

8.6.3.   Product

8.6.4.   Recent

8.7.      Vector Space

8.7.1.   Overview

8.7.2.   Financials

8.7.3.   Product

8.7.4.   Recent

8.8.      Tyvak Inc.

8.8.1.   Overview

8.8.2.   Financials

8.8.3.   Product

8.8.4.   Recent

8.9.      The Boeing

8.9.1.   Overview

8.9.2.   Financials

8.9.3.   Product

8.9.4.   Recent

8.10.    GomSpace Group

8.10.1. Overview

8.10.2. Financials

8.10.3. Product

8.10.4. Recent

8.11.    Harris

8.11.1. Overview

8.11.2. Financials

8.11.3. Product

8.11.4. Recent

8.12.    Thales Group

8.12.1. Overview

8.12.2. Financials

8.12.3. Product

8.12.4. Recent

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premium report titled Nanosatellite and Microsatellite Market [By Type
(Nanosatellites, Microsatellites); By Application (Earth Observation,
Communication, Technology Demonstration, Biological Experimentation, Scientific
Research & Academic Training, Others); By End-User (Defense, Civil and
Construction, Government, Energy, Commercial, Others); By Regions]: Market size
& Forecast, 2017 - 2026
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Nanosatellite and Microsatellite Market size is expected to reach 6,111.8 million US$ in 2026 - America News Hour

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