Published Year: 2018
Global Nano Satellite Market - Analysis and Forecast 2018-2023: Focus on End User, Application, Mas
The global nano satellite market generated $143.7 million in 2017 and is estimated to grow at...
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Table of Contents
Executive Summary
1.1 Scope of the Report
1.2 Nano Satellite Market Research Methodology
1.3 Assumptions and Limitations
2.1 Drivers
2.1.1 Advancements in Satellite Miniaturization Miniaturization
2.1.2 Increasing Capability of Electronic Technology
2.1.3 Ascending Demand for Small Satellite Constellations
2.2 Challenges
2.2.1 Developing Safe, Low-Cost, and Small Payload Nano Satellite to Launch Beyond Low-Earth Orbit
2.2.2 Clean-Up and Removal of Space Debris
2.3 Opportunities
2.3.1 Disaster Management - An Emerging Nano Satellite Application
2.3.2 Nations Developing Their Own Global Navigation Satellite System (GNSS)
2.4 Top Impacting Factors
3.1 Competitive Landscape
3.2 Key Market Developments and Strategies in the Global Nano Satellite Market
3.2.1 Share of Key Market Developments and Strategies
3.2.2 Product Launches
3.2.3 Collaborations
3.2.4 Contracts
3.2.5 Others
3.3 Competitive Benchmarking
3.4 Technological Scenario and Patent Analysis
3.4.1 Technological Scenario
3.4.1.1 3D Printed Nano Satellite
3.4.1.2 On-Board Internet System Powered Nano Satellite
3.4.2 Patent Analysis
3.5 Value Chain Analysis
3.6 Industry Attractiveness
3.6.1 Bargaining power of suppliers
3.6.2 Bargaining power of buyers
3.6.3 Threat of new entrants
3.6.4 Threat of substitutes
3.6.5 Intensity of competitive rivalry
4.1 Assumptions and Limitations
4.2 Market Overview
4.2.1 Market Definition
4.2.2 Nano Satellite Missions: 2012-2021
5.1 Market Overview
5.2 Payload
5.3 Structure
5.4 Telecommunication
5.5 On-Board Computer
5.6 Power System
5.7 Attitude Control System
5.8 Propulsion System
6.1 Market Overview
6.2 Academic
6.2.1 Nano Satellite Market Analysis for Academic End User by Application
6.3 Commercial
6.3.1 Nano Satellite Market Analysis for Commercial End User by Application
6.4 Government
6.4.1 Nano Satellite Market Analysis for Government End User by Application
6.5 Defense
6.5.1 Nano Satellite Market Analysis for Defense End User by Application
6.6 Non-Profit Organization
6.6.1 Nano Satellite Market Analysis for Non-Profit Organization End User by Application
7.1 Market Overview
7.2 Communication
7.3 Intelligence, Surveillance & Reconnaissance (ISR)
7.4 Earth Observation & Remote Sensing
7.5 Academic Research & Space Exploration
7.6 Navigation
7.7 Technology Demonstration
8.1 Market Overview
8.2 North America
8.2.1 North American Nano Satellite Market by End User
8.2.2 U.S.
8.2.3 Canada
8.3 Europe
8.3.1 European Nano Satellite Market by End User
8.3.2 UK
8.3.3 Germany
8.3.4 France
8.3.5 Russia
8.3.6 Spain
8.3.7 Rest of Europe
8.4 Asia-Pacific
8.4.1 Asia-Pacific Nano Satellite Market by End User
8.4.2 China
8.4.3 India
8.4.4 Japan
8.4.5 South Korea
8.4.6 Rest of Asia-Pacific
8.5 Rest of the World
8.5.1 Rest of the World Nano Satellite Market by End User
8.5.2 Middle East
8.5.3 Latin America
8.5.4 Africa
9.1 Ball Corporation
9.1.1 Company Overview
9.1.2 Product Offerings
9.1.3 Financials
9.1.3.1 Overall Financials
9.1.3.2 Segment Revenue Mix
9.1.3.3 Geographic Revenue Mix
9.1.4 SWOT Analysis
9.2 Clyde Space Ltd.
9.2.1 Company Overview
9.2.2 Product Offerings
9.3 Deep Space Industries, Inc.
9.3.1 Company Overview
9.3.2 Product Offerings
9.3.3 Key Missions
9.4 Innovative Solutions in Space BV
9.4.1 Company Overview
9.4.2 Product Offerings
9.4.3 Upcoming Small Satellite Launches, 2017-2020
9.5 Interorbital Systems
9.5.1 Company Overview
9.5.2 Product Offerings
9.6 Israel Aerospace Industries Ltd.
9.6.1 Company Overview
9.6.2 Product Offerings
9.6.3 Financials
9.6.3.1 Overall Financials
9.6.3.2 Segment Revenue Mix
9.6.4 Key Development Strategies
9.7 Lockheed Martin Corporation
9.7.1 Company Overview
9.7.2 Product Offerings
9.7.3 Financials
9.7.3.1 Overall Financials
9.7.3.2 Segment Revenue Mix
9.7.3.3 Geographic Revenue Mix
9.7.4 SWOT Analysis
9.8 NanoAvionika, LLC
9.8.1 Company Overview
9.8.2 Product Offerings
9.8.3 Ongoing Projects
9.9 Northrop Grumman Corporation
9.9.1 Company Overview
9.9.2 Product Offerings
9.9.3 Financials
9.9.3.1 Overall Financials
9.9.3.2 Segment Revenue Mix
9.9.3.3 Geographic Revenue Mix
9.9.4 SWOT Analysis
9.10 OHB SE
9.10.1 Company Overview
9.10.2 Product Offerings
9.10.3 Financials
9.10.3.1 Overall Financials
9.10.3.2 Segment Revenue Mix
9.10.4 SWOT Analysis
9.11 Orbital ATK, Inc.
9.11.1 Company Overview
9.11.2 Product Offerings
9.11.3 Financials
9.11.3.1 Overall Financials
9.11.3.2 Segment Revenue Mix
9.11.4 SWOT Analysis
9.12 Planet Labs, Inc.
9.12.1 Company Overview
9.12.2 Product Offerings
9.12.3 Key Development Strategies
9.13 QinetiQ Group PLC
9.13.1 Company Overview
9.13.2 Product Offerings
9.13.3 Financials
9.13.3.1 Overall Financials
9.13.3.2 Segment Revenue Mix
9.13.3.3 Geographic Revenue Mix
9.13.4 SWOT Analysis
9.14 Terra Bella
9.14.1 Company Overview
9.14.2 Product Offerings
9.14.3 Key Development
9.15 The Boeing Company
9.15.1 Company Overview
9.15.2 Product Offerings
9.15.3 Financials
9.15.3.1 Overall Financials
9.15.3.2 Segment Revenue Mix
9.15.3.3 Geographic Revenue Mix
9.15.4 SWOT Analysis
10.1 Related Reports
Table 3.1 New Product Launch
Table 3.2 Collaborations
Table 3.3 Contracts
Table 3.4 Others
Table 3.5 Patent Analysis: Deployable Helical Antenna for Nano Satellites
Table 3.6 Patent Analysis: Nano Satellite Photovoltaic Regulator
Table 3.7 Patent Analysis: Computerized Nano Satellite Platform for Large Ocean Vessel Tracking
Table 3.8 Patent Analysis: Separable Micro and Nano Satellite Configuration
Table 3.9 Patent Analysis: Novel Nano Satellite Structure with Self-Carrying Launching Function
Table 3.10 Product Mapping With Respect to Application
Table 4.1 Payload Ranges for Satellites
Table 5.1 Nano Satellite Market by Subsystem, 2016-2021 ($Million)
Table 6.1 Nano Satellite Market by End User, 2016-2021 ($Million)
Table 7.1 Nano Satellite Market by Application, 2016-2021 ($Million)
Table 7.2 Nano Satellite Launches for Communication Application
Table 7.3 Nano Satellite Launches for Intelligence, Surveillance, & Reconnaissance (ISR) Application
Table 7.4 Nano Satellite Launches for Earth Observation & Remote Sensing Application
Table 7.5 Nano Satellite Launches for Academic Research & Space Exploration Application
Table 7.6 Nano Satellite Launches for Technology Demonstration Application
Table 8.1 Nano Satellite Market Size by Geography, 2016-2021 ($Million)
Figure 1 Space Budget of NASA, 2016-2020 ($Million)
Figure 2 Global Nano Satellite Market by Subsystem, 2016-2021 ($Million)
Figure 3 Global Nano Satellite Market by End User, 2016-2021 ($Million)
Figure 4 Global Nano Satellite Market by Application, 2016-2021 ($Million)
Figure 5 Global Nano Satellite Market by Geography, 2016-2021
Figure 1.1 Nano Satellite Market Segmentation
Figure 1.2 Secondary Data Sources
Figure 1.3 Top Down and Bottom up Approach
Figure 1.4 Nano Satellite Market Influencing Factors
Figure 1.5 Assumptions and Limitations
Figure 2.1 Nano Satellite: Market Dynamics
Figure 2.2 Nano Satellite: Growth Roadmap
Figure 2.3 Major Satellite Constellation Launches:1990-2020
Figure 2.4 NASA’s Global Precipitation Measurement (GPM) Constellation: Member Satellites and Nations
Figure 2.5 Nano Satellite: Remote Sensing for Disaster Management
Figure 2.6 GNSS Operational Constellations
Figure 2.7 Top Impacting Factors: 2017 & 2023
Figure 3.1 Share of Development and Strategies
Figure 3.2 Nano Satellite: Competitive Benchmarking
Figure 3.3 3D Printing Scenario for Different Industries
Figure 3.4 Nano Satellite: Value Chain Analysis
Figure 3.5 Nano Satellite: Porter’s Five Forces
Figure 3.6 Bargaining Power of Suppliers
Figure 3.7 Bargaining Power of Buyers
Figure 3.8 Threat of New Entrants
Figure 3.9 Threat of Substitutes
Figure 3.10 Intensity of Competitive Rivalry
Figure 4.1 Global Nano Satellite Market by Value 2016-2021 ($Million)
Figure 4.2 Small Satellite Launches: 2012-2020
Figure 5.1 Classification of Nano Satellite Market by Subsystem
Figure 5.2 Nano Satellite Market by Subsystem, 2016-2021 ($Million)
Figure 5.3 Nano Satellite Market by Payload Subsystem, 2016-2021 ($Million)
Figure 5.4 Nano Satellite Market Penetration in Payload Subsystem, 2016-2021 (%)
Figure 5.5 Nano Satellite Market by Structure Subsystem, 2016-2021 ($Million)
Figure 5.6 Nano Satellite Market Penetration in Structure Subsystem, 2016-2021 (%)
Figure 5.7 Nano Satellite Market by Telecommunication Subsystem, 2016-2021 ($Million)
Figure 5.8 Nano Satellite Market Penetration in Telecommunication Subsystem, 2016-2021(%)
Figure 5.9 Nano Satellite Market by On-Board Computer Subsystem, 2016-2021 ($Million)
Figure 5.10 Nano Satellite Market Penetration in On-Board Computer Subsystem, 2016-2021(%)
Figure 5.11 Nano Satellite Market by Power System Subsystem, 2016-2021 ($Million)
Figure 5.12 Nano Satellite Market Penetration in Power System Subsystem, 2016-2021 (%)
Figure 5.13 Nano Satellite Market by Attitude Control Subsystem, 2016-2021 ($Million)
Figure 5.14 Nano Satellite Market Penetration in Attitude Control System Subsystem, 2016-2021 (%)
Figure 5.15 Nano Satellite Market by Propulsion System Subsystem, 2016-2021 ($Million)
Figure 5.16 Nano Satellite Market Penetration in Propulsion System Subsystem, 2016-2021 (%)
Figure 6.1 Classification of Nano Satellite Market by End User and Key Players
Figure 6.2 Nano Satellite Market by End User, 2016-2021 ($Million)
Figure 6.3 Nano Satellite Market by Academic End User, 2016-2021 ($Million)
Figure 6.4 Nano Satellite Market Analysis for Academic End User by Application, 2016-2021 ($Million)
Figure 6.5 Nano Satellites Launched by Academic End Users, 2012-2016
Figure 6.6 Nano Satellite Market by Commercial End User, 2016-2021 ($Million)
Figure 6.7 Nano Satellite Market Analysis for Commercial End User by Application, 2016–2021 ($Million)
Figure 6.8 Nano Satellites Launched by Commercial End Users, 2012-2016
Figure 6.9 Nano Satellite Market by Government End User, 2016-2021 ($Million)
Figure 6.10 Nano Satellite Market Analysis for Government End User by Application, 2016–2021 ($Million)
Figure 6.11 Nano Satellites Launched by Government End Users, 2012-2016
Figure 6.12 Nano Satellite Market by Defense End User, 2016-2021 ($Million)
Figure 6.13 Nano Satellite Market Analysis for Defense End User by Application, 2016–2021 ($Million)
Figure 6.14 Nano Satellites Launched by Defense End Users, 2012-2016
Figure 6.15 Nano Satellite Market by Non-Profit Organization End User, 2016-2021 ($Million)
Figure 6.16 Nano Satellite Market Analysis for Non-Profit Organization End User by Application, 2016–2021 ($Million)
Figure 6.17 Nano Satellites Launched by Non-Profit Organization End Users, 2013-2017
Figure 7.1 Classification of Nano Satellite Market by Application, Market Share (%) 2016
Figure 7.2 Nano Satellite Market by Application 2016-2021 ($Million)
Figure 7.3 Nano Satellite Market by Communication Application, 2016-2021 ($Million)
Figure 7.4 Nano Satellite Market Analysis for Communication Application by Geography, 2016–2021 ($Million)
Figure 7.5 Nano Satellite Market by Intelligence, Surveillance, & Reconnaissance (ISR) Application, 2016-2021 ($Million)
Figure 7.6 Nano Satellite Market Analysis for Intelligence, Surveillance & Reconnaissance (ISR) Application by Geography, 2016–2021 ($Million)
Figure 7.7 Nano Satellite Market for Earth Observation & Remote Sensing Application
Figure 7.8 Nano Satellite Market by Earth Observation & Remote Sensing Application, 2016-2021 ($Million)
Figure 7.9 Nano Satellite Market Analysis for Earth Observation & Remote Sensing Application by Geography, 2016–2021 ($Million)
Figure 7.10 Worldwide Academic Research & Space Exploration Organisations
Figure 7.11 Nano Satellite Market by Academic Research & Space Exploration Application, 2016-2021 ($Million)
Figure 7.12 Nano Satellite Market Analysis for Academic Research & Space Exploration Application by Geography, 2016-2021 ($Million)
Figure 7.13 Modernised GPS: Civil Signals
Figure 7.14 Nano Satellite Market by Navigation Application, 2016-2021 ($Million)
Figure 7.15 Nano Satellite Market Analysis for Navigation Application by Geography, 2016–2021 ($Million)
Figure 7.16 Nano Satellite Market by Technology Demonstration Application, 2016-2021 ($Million)
Figure 7.17 Nano Satellite Market Analysis for Technology Demonstration Application by Geography, 2016–2021 ($Million)
Figure 8.1 Classification of Nano Satellites Market by Geography
Figure 8.2 Geographic Distribution of Nano Satellite Market, 2016-2021
Figure 8.3 North American Nano Satellite Market by Country
Figure 8.4 North American Nano Satellite Market by End User
Figure 8.5 U.S. Nano Satellite Market Size, 2016-2021 ($Million)
Figure 8.6 Canadian Nano Satellite Market Size, 2016-2021 ($Million)
Figure 8.7 European Nano Satellite Market by Country
Figure 8.8 European Nano Satellite Market by End User
Figure 8.9 UK Nano Satellite Market Size, 2016-2021 ($Million)
Figure 8.10 Germany Nano Satellite Market Size, 2016-2021 ($Million)
Figure 8.11 France Nano Satellite Market Size, 2016-2021 ($Million)
Figure 8.12 Russian Nano Satellite Market Size, 2016-2021 ($Million)
Figure 8.13 Spain Nano Satellite Market Size, 2016-2021 ($Million)
Figure 8.14 Rest of Europe Nano Satellite Market Size, 2016-2021 ($Million)
Figure 8.15 Asia-Pacific Nano Satellite Market by Country
Figure 8.16 Asia-Pacific Nano Satellite Market by End User
Figure 8.17 China Nano Satellite Market Size, 2016-2021 ($Million)
Figure 8.18 Indian Nano Satellite Market Size, 2016-2021 ($Million)
Figure 8.19 Japan Nano Satellite Market Size, 2016-2021 ($Million)
Figure 8.20 South Korean Nano Satellite Market Size, 2016-2021 ($Million)
Figure 8.21 Rest of Asia-Pacific Nano Satellite Market Size, 2016-2021 ($Million)
Figure 8.22 Rest of the World Nano Satellite Market by Region
Figure 8.23 Rest of the World Nano Satellite Market by End User
Figure 8.24 Middle Eastern Nano Satellite Market Size, 2016-2021 ($Million)
Figure 8.25 Latin American Nano Satellite Market Size, 2016-2021 ($Million)
Figure 8.26 African Nano Satellite Market Size, 2016-2021 ($Million)
Figure 9.1 Ball Corporation: Product Offerings
Figure 9.2 Ball Corporation – Overall Financials, 2014-2016
Figure 9.3 Ball Corporation – Business Segment Revenue Mix, 2014-2016
Figure 9.4 Ball Corporation – Geographic Revenue Mix, 2014-2016
Figure 9.5 Clyde Space Ltd.: Product Offerings
Figure 9.6 Deep Space Industries Inc.: Product Offerings
Figure 9.7 Deep Space Industries Inc. - Missions
Figure 9.8 Innovative Solutions in Space BV: Product Offerings
Figure 9.9 Innovative Solutions in Space BV – Upcoming Small Satellite Launches, 2017-2020
Figure 9.10 Interorbital Systems: Product Offerings
Figure 9.11 Israel Aerospace Industries Ltd.:Product Offerings
Figure 9.12 Israel Aerospace Industries Ltd. – Overall Financials, 2014-2016
Figure 9.13 Israel Aerospace Industries Ltd. – Business Segment Revenue Mix, 2014-2016
Figure 9.14 Israel Aerospace Industries Ltd. – Key Development Strategies
Figure 9.15 Lockheed Martin Corporation: Product Offerings
Figure 9.16 Lockheed Martin Corporation – Overall Financials, 2014-2016
Figure 9.17 Lockheed Martin Corporation – Business Segment Revenue Mix, 2014-2016
Figure 9.18 Lockheed Martin Corporation – Geographic Revenue Mix, 2014-2016
Figure 9.19 NanoAvionika, LLC: Product Offerings
Figure 9.20 NanoAvionika, LLC – Ongoing Projects
Figure 9.21 Northrop Grumman Corporation: Product Offerings
Figure 9.22 Northrop Grumman Corporation – Overall Financials, 2014-2016
Figure 9.23 Northrop Grumman Corporation – Business Segment Revenue Mix, 2014-2016
Figure 9.24 Northrop Grumman Corporation – Geographic Revenue Mix, 2014-2016
Figure 9.25 OHB SE: Product Offerings
Figure 9.26 OHB SE – Overall Financials, 2014-2016
Figure 9.27 OHB SE – Business Segment Revenue Mix, 2014-2016
Figure 9.28 Orbital ATK, Inc.: Product Offerings
Figure 9.29 Orbital ATK, Inc. – Overall Financials, 2014-2016
Figure 9.30 Orbital ATK, Inc. – Business Segment Revenue Mix, 2014-2016
Figure 9.31 Planet Labs, Inc.: Product Offerings
Figure 9.32 Planet Labs, Inc. – Key Developments Strategies
Figure 9.33 QinetiQ Group PLC: Product Offerings
Figure 9.34 QinetiQ Group PLC – Overall Financials, 2014-2016
Figure 9.35 QinetiQ Group PLC – Business Segment Revenue Mix, 2014-2016
Figure 9.36 QinetiQ Group PLC – Geographic Revenue Mix, 2014-2016
Figure 9.37 Terra Bella: Product Offerings
Figure 9.38 Terra Bella – Key Developments
Figure 9.39 The Boeing Company: Product Offerings
Figure 9.40 The Boeing Company – Overall Financials, 2014-2016
Figure 9.41 The Boeing Company – Business Segment Revenue Mix, 2014-2016
Figure 9.42 The Boeing Company – Geographic Revenue Mix, 2014-2016
Topics Covered in the Report
- This report identifies the global nano satellite market under different segments such as subsystem, end user, application, and geography
- The study includes the market analysis and forecast of global nano satellite market from 2016 to 2021 in terms of value as well as volume. The report also highlights the year-on-year growth of the market
- It examines the prime supply and demand side factors affecting the growth of the market along with the current and future trends prevalent in nano satellite market
- It also presents a detailed examination of nano satellite market along the lines of market drivers, restraints, growth opportunities, and challenges
- The report also highlights the value chain of the industry with a major focus on market attractiveness, including competitive benchmarking and Porter’s Five Force analysis
- A detailed competitive analysis has been included in this report which focuses on the key market developments & strategies followed by the key players in the market
- Nano satellite market analysis and forecast with respect to various end users such as academic, government, defense, non-profit organization, and commercial, including IT & telecommunication, agriculture, oil & gas, and mining, garners major emphasis in the report
- Nano satellite market has been analyzed for all geographies including North America, Europe, Asia-Pacific, and Rest of the World with further analysis with respect to other major countries
- Several ongoing research activities for advancement of nano satellite are included in this report
- The key market players are analyzed and profiled in detail in the report. This section covers business financials, company snapshots, key products & services, major developments, future programs (if any), and SWOT analysis
Report Description
View Updated Version of the Report: Global Nano Satellite Market: Analysis and Forecast (2018-2023)
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The nano satellite market is experiencing an advanced rate of growth over the past couple of years due to the increasing demand of satellite applications in commercial, defense & military, and government end users. This high scale of growth of the space industry is subsequently influencing nano satellite market, wherein a new range of programs are being carried out to develop latest nano satellite technologies. The growing demand of small satellite constellations for satellite applications, such as remote sensing, navigation, communication, and earth observation is the major factor driving the growth of nano satellite market. Moreover, continuous advancements in electronic satellite equipment, for instance, 3D printed electronic circuitry for nano satellite equipment, is expected to boost the growth of the market during the forecast period, 2017-2021. In terms of revenue, nano satellite market generated $127.20 million in the year 2016.
Market Overview
Nano satellite have emerged to be a powerful tool for commercial, defense, government, and academic end users for satellite applications such as remote sensing, communication, earth observation, surveillance, scientific research, and navigation, among other. The satellite market has been constantly evolving at a rapid pace, with an impending need for satellite miniaturization and cost effectiveness, with sustained capabilities, as conventional big satellites. Nano satellite, in particular, is emerging as a promising market in the small satellite industry. The term Nano Satellite, also known as NanoSat, was introduced by National Aeronautics and Space Administration (NASA) in 2004. The invention was to facilitate development of small satellites for academic research and space science by universities and educational institutes. The market of nano satellite is expected to show robust growth due to increasing rate of investments in space industry by the government organizations. Israel Aerospace Industries Ltd., Lockheed Martin Corporation, NanoAvionika, LLC, Northrop Grumman Corporation, OHB SE, Orbital ATK, Inc., and Planet Labs, Inc. are some of the major players of nano satellite market.
The demand for nano satellites is globally expected to increase during the forecast period due to advancements in satellite miniaturization, increasing capability of electronic technology, and ascending demand for small satellite constellations. Furthermore, developing safe, low-cost, & small payload nano satellite to launch beyond low-earth orbit and clean-up & removal of space debris, are biggest challenges currently faced by the market. Moreover, nano satellites being deployed for emerging satellite application like disaster management and nations developing their own global navigation satellite system (GNSS), are expected to create lucrative opportunities for the market is the next five years. Major government space organizations worldwide, are continuously increasing their funding in space industry to develop efficient and cost effective satellite solution. The satellite industry is witnessing rapid growth in the number of small satellites, specifically nano satellites, for huge satellite constellations consisting of hundreds of satellites for applications like earth observation and telecommunications. The nano satellite market reported a revenue of $127.20 million in 2016, with government end user segment accommodating for the highest revenue by 2021.
The market for government end user is expected to consume the highest share of the market, through the forecast period, 2017-2021. However, commercial end user is expected to foster the highest growth in the market, owing to the the increase in development and utilization of nano satellite constellations for satellite applications such as communication, remote sensing, earth observation, and navigation by commercial industries like IT & telecommunication, agriculture, mining, and oil & gas, among others.
The demand for nano satellites across different geographies is expected to be very promising, with North America having the highest market share during the forecast period (2016-2021), followed by Europe, Asia-Pacific, Europe, and the Rest of the World (RoW). Investment and development by government as well as companies in developing countries enhanced nano satellite subsystems, such as solar electric propulsion system, laser communication system, and many more, is expected to boost the growth of North America nano satellite market in the next five years. The U.S. is expected to dominate the market during the forecast period (2017-2021), owing to NASA pursuing development of new subsystem technologies to expand the capabilities of small satellites. Germany is one of the prominent countries in Europe, which has been significantly involved in space missions, enabled through uninterrupted development and growing importance, for varied satellite applications such as weather forecasting, communications, TV transmission and navigation. The Asia-Pacific region majorly consists of China, Japan, India, and South Korea, among others in the nano satellite market. The countries in the region are experiencing a trend of extensive investment in all forms of advanced space technologies. China’s keenness in developing their own space station and efforts in building space based global navigational system, Beidou, is expected to foster high growth of nano satellite market in the Asia-Pacific region.
Global Nano Satellite Market - Analysis and Forecast (2017-2021)
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