December 8, 2021

Nano Satellite Market Size to grow by USD 1.66 bn | Rising Demand for Earth Observation Related Applications to Boost Growth | Technavio

NEW YORK, Nov. 23, 2021 /PRNewswire/ — The nano satellite market is expected to grow by USD 1.66 bn from…

NEW YORK, Nov. 23, 2021 /PRNewswire/ — The nano satellite market is expected to grow by USD 1.66 bn from 2020 to 2025, progressing at a CAGR of 14.41% during the forecast period, according to Technavio. The report offers an up-to-date analysis as well as exact growth variance and Y-O-Y growth rate. 

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The nano satellite market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The nano satellite market report covers the following areas:

Nano Satellite Market 2021-2025: Segmentation

  • Application
    • Commercial
    • Government
    • Defense
    • Civil
    • Others
  • Geography
    • APAC
    • North America
    • Europe
    • MEA
    • South America

To learn more about various market segments and their impact, Download a Free Sample

Nano Satellite Market 2021-2025: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources.

The rising demand for earth observation-related applications, rising production and launch of small satellites to revolutionize the space industry, and proliferation of LEO-based services to better connect remote and inaccessible regions will offer immense growth opportunities. However, limited access to space, stringent government regulations, and raising capital and funding of satellite manufacturing and launch will challenge the growth of the market participants.

Nano Satellite Market 2021-2025: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the nano satellite market, including AAC Clyde Space AB, Dauria Aerospace, GomSpace Group AB, L3Harris Technologies Inc., Lockheed Martin Corp., OHB System AG, Planet Labs Inc., Pumpkin Inc., Sierra Nevada Corp., and Terran Orbital Corp. Backed with competitive intelligence and benchmarking, our research report on the nano satellite market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

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Nano Satellite Market 2021-2025: Regional Analysis

Technavio offers an up-to-date analysis of the geographical composition of the market as well as competitive intelligence and regional opportunities for vendors. According to our analysis, 35% of the market’s growth is expected to originate from APAC during the forecast period. China and Japan are the key countries for the nano satellite market in APAC. The region has been recording a significant growth rate. Hence, it is expected to offer several growth opportunities to market vendors during the forecast period. The rising production and launch of small satellites to revolutionize the space industry will drive the nano satellite market growth in APAC during the forecast period.

Nano Satellite Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist nano satellite market growth during the next five years
  • Estimation of the nano satellite market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the nano satellite market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of nano satellite market vendors

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  • Electric Propulsion Satellite Market: The electric propulsion satellite market has been segmented by type (hybrid and all-electric) and geography (North America, APAC, Europe, South America, and MEA). Download Free Sample Report
  • High-altitude Pseudo Satellites Market: The high-altitude pseudo satellites market has been segmented by technology (balloons, UAVs, and airships) and geography (North America, Europe, APAC, South America, and MEA). Download Free Sample Report

Nano Satellite Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 14.41%

Market growth 2021-2025

USD 1.66 billion

Market structure

Fragmented

YoY growth (%)

12.97

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 35%

Key consumer countries

China, US, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AAC Clyde Space AB, Dauria Aerospace, GomSpace Group AB, L3Harris Technologies Inc., Lockheed Martin Corp., OHB System AG, Planet Labs Inc., Pumpkin Inc., Sierra Nevada Corp., and Terran Orbital Corp.

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio