Nano and Micro Satellite Market

The Nano and Microsatellite Market is expected to reach $8.70 billion by 2030, with a compound annual growth rate (CAGR) of 14.10% from 2020 to 2030.

The space industry is advancing towards a future characterized by the presence of extensive constellations of nanosatellites and microsatellites. These satellites offer a wide range of services across small and large geographic areas, as well as globally. They find applications in various fields including biological experiments, communication, agriculture, navigation and mapping, education, scientific research, exploration, and earth observation, among others.

Competitive Landscape

• L3Harris(US)
• Axelspace(Japan)
• Sierra Nevada Corporation(US)
• AAC Clyde Space(Scotland)
• GAUSS(Italy)
• Excolaunch(Germany)
• Spire Global(US)
• SpaceQuest(US)
• Alen Space(Spain)
• Dauria Aerospace(Russia)
• Swarm(US)
• RUAG Space(Switzerland)
• Millennium Space Systems(US)
• Raytheon(US)
• Astrocast(Switzerland)
• EnduroSat(Bulgaria)

Recent Developments

In July 2021, Surrey Satellite Technology Limited made a significant leap onto the international stage with the launch of its inaugural geostationary satellite platform - Eutelsat Quantum.

In June 2021, Lockheed Martin achieved a milestone with the launch of GPS III Space Vehicle 05, featuring the latest advancements in next-generation GPS III satellite technology.

In May 2021, industry leaders L3Harris and Air Tractor joined forces to develop an affordable, production-ready ISR strike system, leveraging Air Tractor's robust platform and L3Harris' established mission solutions.

Also in May 2021, Gomspace and SIGCOM partnered to advance the FNR-funded MegaLEO project, aimed at pushing the boundaries of large satellite constellations. MegaLEO is designed to operate semi-autonomously, making decisions and executing operations in outer space.

In April 2020, Lockheed Martin and Thales Australia solidified an agreement to enhance the delivery and manufacturing capabilities of Australian guided weapons, supporting the establishment of a sovereign national guided weapons enterprise.

Report Overview

This global nano and microsatellite market research report discusses the growth and potential of the market on the following market aspects:

• Market Overview
• COVID 19 Analysis
• Market Dynamics
• Technical Analysis
• Market Segmentation
• Regional Analysis
• Competitive Landscape
• Recent Developments