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Nanosatellite and Microsatellite Market

Global Nanosatellite and Microsatellite Market Size, Trends: By Component: Solution, Services; By Type: Microsatellites, Nanosatellites; By Orbit: Non-Polar Inclined, Polar Orbit, Sun-Synchronous; By Frequency: S-Band, UHF-Band, VHF-Band, X-Band, Others; By Application; By End Use; Regional Analysis; Competitive Landscape; 2024-2032

Global Nanosatellite and Microsatellite Market Outlook

The global nanosatellite and microsatellite market size reached approximately USD 3.09 billion in 2023. The market is estimated to grow at a CAGR of 18.5% in the forecast period of 2024-2032, reaching a value of around USD 14.40 billion by 2032.

 

Key Trends in the Market

Nanosatellites and microsatellites are types of miniature satellites that weigh less than 100 kg and are more affordable compared to conventional satellites. Some of their common applications include space research, communication, navigation, observation, and remote sensing, among others.

 

  • The burgeoning popularity of CubeSats, a class of miniature satellites, which has low production time and cost and provides a range of services for different organisations and individuals, is one of the key nanosatellite and microsatellite market trends.
  • Increased usage of commercial off-the-shelf components (COTS), which are cost-effective and facilitate faster development of micro and nanosatellites, is another crucial trend aiding the market expansion.
  • The rising trend of sustainability has led satellite providers to adopt eco-friendly satellite manufacturing methods as well as meet the conventional guidelines set by governments to prevent micro and nano satellites from becoming space debris in the future.
  • Growing collaborations and partnerships between leading technology companies and market players for the integration of high-end technology into satellite products and providing promising business prospects also contribute to the nanosatellite and microsatellite market growth.

 

Market Analysis

Based on component, the market is divided into solution and services. On the basis of type, the market is bifurcated into microsatellites and nanosatellites. Based on orbit, the market is classified into non-polar inclined, polar orbit, and sun-synchronous.

 

On the basis of frequency, the market is categorised into S-band, UHF-band, VHF-band, and X-band, among others. The nanosatellite and microsatellite market segmentation, based on application, includes communication and navigation, scientific research, earth observation/remote sensing, and technology and academic training.

 

On the basis of end use, the market is segmented into defence and security, government, commercial, and civil. The major regional markets of nanosatellite and microsatellite include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the nanosatellite and microsatellite market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • GomSpace Group AB
  • Kongsberg Gruppen ASA (NanoAvionics)
  • Axelspace Corporation
  • Sierra Nevada Corporation
  • Terran Orbital Corporation (Tyvak International)
  • AAC Clyde Space AB
  • Innovative Solutions In Space B.V. (ISIS)
  • OHB SE
  • Surrey Satellite Technology Ltd. (SSTL)
  • EXOLAUNCH GmbH
  • Others

 

Market Share by Application

Earth observation/remote sensing occupies a significant portion of the nanosatellite and microsatellite market share, due to the rapid growth of meteorological and earth observation projects. Increased government investments in the earth observation sector to better understand key environmental factors also contribute to the segment’s growth.

 

Meanwhile, communication and navigation applications are also expected to gain sizeable growth in the upcoming years, owing to the rising usage of nanosatellites and microsatellites in improving the mobile and broadcast services of a limited area.

 

Market Share by Region

As per the nanosatellite and microsatellite market analysis, North America accounts for a substantial share of the global market, owing to the increased spending by the region’s governments in the space sector. The rapid rise of space research missions in the USA and Canada also offers lucrative market growth opportunities.

 

The growing utilisation of micro and nano satellites by military and defence, telecommunication, and research organisations, among other end-use sectors, is another prominent factor driving the market expansion.

 

Competitive Landscape

GomSpace Group AB is a primary manufacturer of nanosatellites, incorporated in 2007 and headquartered in Aalborg, Denmark. Its comprehensive range of solutions includes communication, defence and security, global tracking, the Internet of things, and remote sensing.

 

Kongsberg Gruppen ASA (NanoAvionics), established in 1814, is a high-performance nanosatellite company, based in Kongsberg, Norway. The company is ISO 9001 certified and produces new-gen satellite buses and its services.

 

Axelspace Corporation is a pioneer of microsatellite technology, founded in 2008, with its headquarters in Tokyo, Japan. The company has operated nine satellites to date and plans on launching a demonstration satellite for AxelLiner soon.

 

Other nanosatellite and microsatellite market players include Sierra Nevada Corporation, Terran Orbital Corporation (Tyvak International), AAC Clyde Space AB, Innovative Solutions In Space B.V. (ISIS), OHB SE, Surrey Satellite Technology Ltd. (SSTL), and EXOLAUNCH GmbH, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Type
  • Orbit
  • Frequency
  • Application
  • End Use
  • Region
Breakup by Component
  • Solution
  • Services
Breakup by Type
  • Microsatellites
  • Nanosatellites
Breakup by Orbit
  • Non-Polar Inclined
  • Polar Orbit
  • Sun-Synchronous
Breakup by Frequency
  • S-Band
  • UHF-Band
  • VHF-Band
  • X-Band
  • Others
Breakup by Application
  • Communication and Navigation
  • Scientific Research
  • Earth Observation/Remote Sensing
  • Technology and Academic Training
Breakup by End Use
  • Defence and Security
  • Government
  • Commercial
  • Civil
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • GomSpace Group AB
  • Kongsberg Gruppen ASA (NanoAvionics)
  • Axelspace Corporation
  • Sierra Nevada Corporation
  • Terran Orbital Corporation (Tyvak International)
  • AAC Clyde Space AB
  • Innovative Solutions In Space B.V. (ISIS)
  • OHB SE
  • Surrey Satellite Technology Ltd. (SSTL)
  • EXOLAUNCH GmbH
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
  
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Nanosatellite and Microsatellite Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Nanosatellite and Microsatellite Historical Market (2018-2023) 
    8.3    Global Nanosatellite and Microsatellite Market Forecast (2024-2032)
    8.4    Global Nanosatellite and Microsatellite Market by Component
        8.4.1    Solution
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Services
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Nanosatellite and Microsatellite Market by Type
        8.5.1    Microsatellites
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Nanosatellites
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Nanosatellite and Microsatellite Market by Orbit
        8.6.1    Non-Polar Inclined
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Polar Orbit
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Sun-Synchronous
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
    8.7    Global Nanosatellite and Microsatellite Market by Frequency
        8.7.1    S-Band
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    UHF-Band
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    VHF-Band
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    X-Band
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Others
    8.8    Global Nanosatellite and Microsatellite Market by Application
        8.8.1    Communication and Navigation 
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Scientific Research
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Earth Observation/Remote Sensing
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Technology and Academic Training
            8.8.4.1    Historical Trend (2018-2023)
            8.8.4.2    Forecast Trend (2024-2032)
    8.9    Global Nanosatellite and Microsatellite Market by End Use
        8.9.1    Defence and Security
            8.9.1.1    Historical Trend (2018-2023)
            8.9.1.2    Forecast Trend (2024-2032)
        8.9.2    Government
            8.9.2.1    Historical Trend (2018-2023)
            8.9.2.2    Forecast Trend (2024-2032)
        8.9.3    Commercial
            8.9.3.1    Historical Trend (2018-2023)
            8.9.3.2    Forecast Trend (2024-2032)
        8.9.4    Civil
            8.9.4.1    Historical Trend (2018-2023)
            8.9.4.2    Forecast Trend (2024-2032)
    8.10    Global Nanosatellite and Microsatellite Market by Region
        8.10.1    North America
            8.10.1.1    Historical Trend (2018-2023)
            8.10.1.2    Forecast Trend (2024-2032)
        8.10.2    Europe
            8.10.2.1    Historical Trend (2018-2023)
            8.10.2.2    Forecast Trend (2024-2032)
        8.10.3    Asia Pacific
            8.10.3.1    Historical Trend (2018-2023)
            8.10.3.2    Forecast Trend (2024-2032)
        8.10.4    Latin America
            8.10.4.1    Historical Trend (2018-2023)
            8.10.4.2    Forecast Trend (2024-2032)
        8.10.5    Middle East and Africa
            8.10.5.1    Historical Trend (2018-2023)
            8.10.5.2    Forecast Trend (2024-2032)
9    North America Nanosatellite and Microsatellite Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Nanosatellite and Microsatellite Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Nanosatellite and Microsatellite Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Nanosatellite and Microsatellite Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Nanosatellite and Microsatellite Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    GomSpace Group AB 
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Kongsberg Gruppen ASA (NanoAvionics) 
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Axelspace Corporation 
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Sierra Nevada Corporation 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Terran Orbital Corporation (Tyvak International) 
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    AAC Clyde Space AB 
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Innovative Solutions In Space B.V. (ISIS) 
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    OHB SE 
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Surrey Satellite Technology Ltd. (SSTL) 
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    EXOLAUNCH GmbH 
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Nanosatellite and Microsatellite Market: Key Industry Highlights, 2018 and 2032
2.    Global Nanosatellite and Microsatellite Historical Market: Breakup by Component (USD Billion), 2018-2023
3.    Global Nanosatellite and Microsatellite Market Forecast: Breakup by Component (USD Billion), 2024-2032
4.    Global Nanosatellite and Microsatellite Historical Market: Breakup by Type (USD Billion), 2018-2023
5.    Global Nanosatellite and Microsatellite Market Forecast: Breakup by Type (USD Billion), 2024-2032
6.    Global Nanosatellite and Microsatellite Historical Market: Breakup by Orbit (USD Billion), 2018-2023
7.    Global Nanosatellite and Microsatellite Market Forecast: Breakup by Orbit (USD Billion), 2024-2032
8.    Global Nanosatellite and Microsatellite Historical Market: Breakup by Frequency (USD Billion), 2018-2023
9.    Global Nanosatellite and Microsatellite Market Forecast: Breakup by Frequency (USD Billion), 2024-2032
10.    Global Nanosatellite and Microsatellite Historical Market: Breakup by Application (USD Billion), 2018-2023
11.    Global Nanosatellite and Microsatellite Market Forecast: Breakup by Application (USD Billion), 2024-2032
12.    Global Nanosatellite and Microsatellite Historical Market: Breakup by End Use (USD Billion), 2018-2023
13.    Global Nanosatellite and Microsatellite Market Forecast: Breakup by End Use (USD Billion), 2024-2032
14.    Global Nanosatellite and Microsatellite Historical Market: Breakup by Region (USD Billion), 2018-2023
15.    Global Nanosatellite and Microsatellite Market Forecast: Breakup by Region (USD Billion), 2024-2032
16.    North America Nanosatellite and Microsatellite Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    North America Nanosatellite and Microsatellite Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Europe Nanosatellite and Microsatellite Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Europe Nanosatellite and Microsatellite Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Asia Pacific Nanosatellite and Microsatellite Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Asia Pacific Nanosatellite and Microsatellite Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Latin America Nanosatellite and Microsatellite Historical Market: Breakup by Country (USD Billion), 2018-2023
23.    Latin America Nanosatellite and Microsatellite Market Forecast: Breakup by Country (USD Billion), 2024-2032
24.    Middle East and Africa Nanosatellite and Microsatellite Historical Market: Breakup by Country (USD Billion), 2018-2023
25.    Middle East and Africa Nanosatellite and Microsatellite Market Forecast: Breakup by Country (USD Billion), 2024-2032
26.    Global Nanosatellite and Microsatellite Market Structure

Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 3.09 billion.

The market is projected to grow at a CAGR of 18.5% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 14.40 billion by 2032.

The major market drivers are the growing trend of miniaturisation of satellites, rising demand for satellite data, and increased funding for space research by governments.

The key trends of the market include the burgeoning popularity of CubeSats, increased usage of commercial off-the-shelf components (COTS) in micro and nanosatellites, and the rising trend of sustainability.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Different components are solution and services.

The key players in the market are GomSpace Group AB, Kongsberg Gruppen ASA (NanoAvionics), Axelspace Corporation, Sierra Nevada Corporation, Terran Orbital Corporation (Tyvak International), AAC Clyde Space AB, Innovative Solutions In Space B.V. (ISIS), OHB SE, Surrey Satellite Technology Ltd. (SSTL), and EXOLAUNCH GmbH, among others.

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