Nano Satellite Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Artificial satellite with the net mass between 1 and 10 kg is called as nano satellite. Nano satellite is considerably smaller and lighter than the geostationary satellites that weigh several tons. Considerably, nano satellite are less costly to manufacture and deploy than the large satellites or small satellites that boost the nano satellite market among various end-use sectors.

MARKET SCOPE

The "Global Nano Satellite Market Analysis to 2031" is a specialized and in-depth study of the nano satellite market industry with a special focus on the global market trend analysis. The report aims to provide an overview of nano satellite market with detailed market segmentation by solution, application, end-user and geography. The global nano satellite market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading nano satellite market players and offers key trends and opportunities in the nano satellite market.
MARKET SEGMENTATION

•   Based on Components, the market is segmented into Hardware and Software
  
•   On the basis of Applications, the market can be segmented into Communication, Scientific Research, Navigation & Mapping, Earth Observation & Remote Sensing, and Intelligence, Surveillance & Reconnaissance (ISR), and Others.
  
•   Based on End Users, the market is segmented into Defense & Security, Government, Commercial and Civil
  

MARKET DYNAMICS
Drivers:

•   Adoption of nano satellite instead of large satellites helps to cover a larger surface area to collect images frequently
  
•   nano satellite provide better coverage at a much lesser price.
  
•   Increasing activity of satellite servicing, on-orbit assembly, de-orbiting service, also expanding the use of rovers, spacecraft, manipulator
  

Restraints

•   Stringent rules and regulations related to launch of nano satellite set by different governments across the globe.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The vinegar market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the nano satellite market in these regions.

IMPACT OF COVID-19 ON NANO SATELLITE MARKET
The economic crisis caused by the COVID-19 pandemic and the population containment measures have influenced organizations to restructure their strategies and operations in the evolution of space activities. It has a differentiated impact on different strata of space industry including the nano satellite market. Particularly small and medium-sized enterprises constitute the bulk of commercial players in the space industry are struggling to cope with the current COVID-19 crisis. The medium and long-term effects of the crisis on government budgets and customer demand is that there will be significant reduction in funding in future institutional space or related programs. Further, due to several restrictions and limitations on the global level, launch schedules have been postponed, satellite production lines have slowed down or stopped and private financing has dried up, thus adversely affecting the global nano satellite market.

Nano Satellite Market Report Analysis

Nano Satellite Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Clyde Space Ltd.
• Gomspace A/S
• Innovative Solutions In Space B.V.
• Lockheed Martin Corporation.
• NanoAvionics
• Pumpkin, Inc.
• Southern Stars Group, LLC
• SPIRE
• Thales Group

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Component

• Hardware
• Software

By Application

• Communication
• Scientific Research
• Navigation and Mapping
• Earth Observation and Remote Sensing
• Intelligence
• Surveillance and Reconnaissance

By End-User

• Defense and Security
• Government
• Commercial
• Civil

MARKET PLAYERS

The report covers key developments in the nano satellite market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from nano satellite market are anticipated to lucrative growth opportunities in the future with the rising demand for nano satellite in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the nano satellite market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Gomspace A/S
  
•   ISIS - Innovative Solutions In Space B.V.
  
•   SPIRE
  
•   Surrey Satellite Technology Limited
  
•   Hawk Institute for Space Sciences
  
•   Northrop Grumman Corporation
  
•   Tethers Unlimited, Inc.
  
•   Pumpkin, Inc.
  
•   Southern Stars Group, LLC
  
•   The Boeing Company
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Nano Satellite Market Report Scope