Nano satellite Market Revenue, Statistics, Industry Growth and Demand Analysis Research Report by 2030
The Global Nano satellite Market research report is a comprehensive document that outlines the most recent advancements and developments in the Nano satellite industry, with 2019 as the base year and 2022-2030 as the forecast period. The report provides useful insights into market size, market share, sales channel and distribution network, market segmentation, demands and trends, and growth prospects. The report also examines market growth on a global and regional scale. The report investigates the COVID-19 pandemic’s impact on the Nano satellite Market and its key segments.
According to the most recent analysis by Emergen Research, the size of the worldwide nano satellite market is anticipated to reach USD 1,336.9 Million in 2030 and experience a revenue CAGR of 20.4% during the projected period. The growth of the global nano satellite market is being fueled by factors such as the rise in demand for applications linked to Earth observation and the expansion of the aerospace, telecommunication, and satellite development industries.
Nano satellites are artificial satellites that have been downsized and weigh less than 10 kg. Because to their tiny size, nano satellites are more practical and need less time to construct than convectional satellites. Nanosatellites are launched from lower altitudes and at comparatively lesser cost. These objects move quickly around the planet in a polar orbit. Nanosatellites are used for a variety of things, including communication, land observation, and remote sensing.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
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
Target Audience of the Global Nano Satellite Market Report:
- Key Market Players
- Investors
- Venture capitalists
- Small- and medium-sized and large enterprises
- Third-party knowledge providers
- Value-Added Resellers (VARs)
- Global market producers, distributors, traders, and suppliers
- Research organizations, consulting companies, and various alliances interested in this sector
- Government bodies, independent regulatory authorities, and policymakers
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Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Segmentations of the Nano Satellite Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Nano Satellite market on the basis of product, application, and region:
Segments Covered in this report are:
- Mass 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)
- Communication
- Earth Observation and Remote Sensing
- Scientific Research
- Biological Experiments
- Technology Demonstration and Verification
- Academic Training
- Mapping and Navigation
- Space Exploration
- End-use Outlook (Revenue, USD Billion; 2018–2030)
- Government
- Civil
- Commercial
- Military
- Academic
- Others
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Some Key Highlights from the Report
- 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. With this agreement, Redwire Corporation will deliver a wide range of advanced components and solutions to Terran Orbital, which will be used in small and nano satellite manufacturing and service offerings.
- Earth observation and remote sensing segment accounted for significantly large revenue share in 2020 owing to ability of these satellites to gather information over large areas, which will help to characterize natural features or physical objects on the ground.
- Government segment accounted for moderate revenue share in 2020 and is expected to register a rapid growth rate during the forecast period. Governments of various countries across the globe use real-time data collected from nano satellites for various operations such as scientific research, biological experiments, and others.
- Market in Europe accounted for a significantly moderate revenue share in 2020. Rapid adoption of miniaturized artificial satellites and advancement in technologies such as Artificial Intelligence (AI), satellite IoT, in-orbit services, advanced ground systems, and others, and expanding aeronautics and satellite industries are expected to drive market growth going ahead.
Additional information offered by the report:
- Along with a complete overview of the global Nano Satellite market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Nano Satellite market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
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