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The Nano and Microsatellite Market is segmented by End-user (Military, Civil, Commercial), Mass (Nanosatellite (1 kg - 10 kg), Microsatellite (10 kg - 100 kg)), and Geography.
Fastest Growing Market:
The nano and microsatellite market is estimated to register a CAGR of over 18% during the forecast period, 2019 - 2024.
Satellites of weight class 1 kg - 10 kg are considered under the nanosatellite category, while the satellites having weights between 10 kg - 100 kg are considered under the microsatellite category. CubeSats of 8U and above are included in the microsatellite category, while those below them are included in nanosatellite category. Furthermore, the report includes the following aspects:
|Nanosatellite (1 kg - 10 kg)|
|Microsatellite (10 kg - 100 kg)|
|Middle-East and Africa|
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The market studied is currently dominated by the nanosatellite segment, due to the growing R&D from schools, universities, and startups. In the past decade, schools, and universities have been highly involved in developing nanosatellites for research and earth observation applications. The segment is also expected to be the fastest growing segment in the market, as the investments in this segment are growing year-on-year. One of the main reasons for the growing investments in this segment is the relatively low cost of developing these satellites and the high success rate of launching these satellites in low-earth orbits.
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As of 2019, North America has the highest market share in the nano and microsatellite market. The United States launched more than 50% of the world's nano and microsatellites to date. In addition, every year, the country is launching a huge number of nano and microsatellites for various applications, including earth observation, remote sensing, communications, and military operations. In 2018 alone, the United States launched around 150 of these satellites, and about twice the number of those nano and microsatellites are planned to be launched in 2019 by the country. However, during the forecast period, Europe is expected to be the fastest-growing region, as companies in the region are investing more in nanosatellite technologies. Sky and Space Global Ltd, a British public company, is planning to launch a constellation of 200 nanosatellites in equatorial low earth orbit for narrowband communications. The launches are expected to be completed during the forecast period. Moreover, many universities and startups in Europe are collaborating with launch service providers to launch their own nano and microsatellites.
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Planet Labs and Spire are two of the major players in the nano and microsatellite market. Both these companies are based in the United States. However, many new startups, schools, and universities from Europe and Asia-Pacific are also launching their own nano and microsatellites. With the building of these nano and microsatellites becoming affordable and the success rate in launching these satellites becoming better, many players are expected to venture into this market, thereby making it more fragmented in the years to come.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.2.1 Nanosatellite (1 kg - 10 kg)
5.2.2 Microsatellite (10 kg - 100 kg)
5.3.1 North America
5.3.4 Latin America
5.3.5 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Planet Labs Inc.
6.2.3 Surrey Satellite Technology Ltd
6.2.4 Swarm Technologies
6.2.5 SpaceQuest Ltd
6.2.6 L3Harris Technologies Inc
6.2.8 German Orbital Systems
6.2.9 ViaSat, Inc.
6.2.10 GomSpace Group AB
6.2.11 Sky and Space Global
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability