Nanosatellites Market 2021 Production, Revenue, Growth Rate, Price and Gross Margin, Opportunities and Forecast 2030
Advances in miniaturization technologies and rapid increase in production and launch of nanosatellites
— Emerging research
VANCOUVER, BC, CANADA, May 29, 2022 /EINPresswire.com/ — The Global nano satellite market The size is expected to reach USD 1,336.9 million in 2030 and register a CAGR of 20.4% over the forecast period, according to the latest report from Emergen Research.
Increasing demand for Earth observation related applications and increasing number of companies in aeronautics, communications and satellite development are factors driving the revenue growth of the global nanosatellite market .
Nano satellites are miniaturized artificial satellites that weigh less than 10 kg. Nanosatellites are more practical and take less time to build than convection satellites due to their smaller size. Nanosatellites are launched at lower altitudes and the launch cost is also relatively lower. These devices move at high speed and circle the Earth in a polar orbit. Nanosatellites are used for purposes such as remote sensing, earth observation, and communication, among others.
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The lower manufacturing cost of nano-satellites compared to that of traditional satellites makes it easier to produce in large quantities. In addition, nanosatellites are always launched in groups into Earth orbit, which also reduces launch costs. Additionally, universities, space agencies, and private companies across the globe are taking various initiatives to launch new nanosatellite missions, which is driving the market revenue growth.
Main information presented in the report:
Market revenue share by major business players, by type, by application and market scope of the global nanosatellite market
Turnover of the main players and new entrants
Competitive analysis of key players including aspects such as business overview, product or service specifications, suppliers and buyers
Recent mergers, acquisitions, product launches, recent investments and joint ventures
Regional analysis to provide insight into recent trends and opportunities
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The report further studies the major companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers an overview of their market reach and global position, as well as highlights on their achievements and financial status.
Key companies operating in the nanosatellite market include:
ACC Clyde Space, GomSpace A/S, ISISPACE Group, Israel Aerospace Industries (IAI) Ltd., Lockheed Martin Corporation, Alen pace, Axelspace Corporation, NanoAvionics, Planet Labs PBC, SRM Institute of Science and Technology, Sierra Nevada Corporation, EnduroSat, Sky and Space Global Ltd. and The Boeing Company.
In December 2021, Redwire Corporation announced a three-year supplier agreement with Terren Orbital, which is a global leader and pioneer in the development, innovation and operation of small and nano satellites and earth observation solutions. Earth. With this agreement, Redwire Corporation will provide a wide range of advanced components and solutions to Terran Orbital, which will be used in the manufacture of small and nano satellites and service offerings.
The Earth observation and remote sensing segment accounted for a significantly large revenue share in 2020 due to the ability of these satellites to collect information over large areas, which will help characterize natural features or objects. physics on the ground.
The government segment accounted for a moderate revenue share in 2020 and is expected to register a rapid growth rate during the forecast period. Governments of various countries around the world use real-time data collected from nanosatellites for various operations such as scientific research, biological experiments and others.
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The report is an investigative study of technological developments and product advancements, along with regional analysis for each product and application offered in the market. The basic purpose of the report is to provide insight into how the nanosatellite industry works. It provides an accurate and strategic view of the market with an in-depth assessment of market segments and sub-segments. It offers a panoramic view of the industry to provide a deeper understanding of the global industry.
Emergen Research has segmented the global nanosatellite market based on mass, application, end-use, and region:
Mass Type Outlook (Revenue, USD Billion; 2018-2030)
1kg-3kg Nano Satellite
4kg-6kg Nano Satellite
7kg-10kg Nano Satellite
Application Outlook (Revenue, USD Billion; 2018-2030)
Earth observation and remote sensing
Technology demonstration and verification
Cartography and navigation
End-Use Outlook (Revenue, USD Billion; 2018-2030)
The report further examines the market in key regions of the world with respect to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of leading players in the regions. The report also covers the expansion plans undertaken by the companies in the regions under the regional analysis section.
Key market regions include:
Rest of EU
Rest of APAC
Rest of Latin America
Middle East and Africa
United Arab Emirates
Rest of MEA
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