Rise in Demand for Earth Observation Related Applications Expected to Drive Global Nanosatellite and Microsatellite Market: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Buy Now Nanosatellite and Microsatellite are sectors of the small satellites. A microsatellite is used when the wet mass of the satellite is between 10 kg and 100kg while when the wet mass of the satellite is 1 kg to 10 kg, it is referred to as a nanosatellite. These satellites are primarily used for communication purposes, earth observation, and space research. Besides these usages, both nanosatellites and microsatellites are also utilized in the military & defense sector for commercial purposes. Nanosatellites and microsatellites are mainly used for research requirements and scientific objectives on a wide scale. With the rising pace of earth observation, communication, and space research, the demand for these satellites has augmented tremendously. Moreover, the nanosatellites are low-cost bearing as compared to the traditional satellites. Hence these satellites help to remove the obstacles of heavy investments in the space industry. According to the study, “Global Nanosatellite and Microsatellite Market to reach USD 5.51 billion by 2026” the key companies operating in the global nanosatellite and microsatellite market are AAC Clyde Space AB, ISIS – Innovative Solutions In Space B.V., Axelspace Corporation, NanoAvionics (AST&Science LLC), Berlin Space Technologies GmbH, Surrey Satellite Technology Limited (Airbus), Lockheed Martin Corporation, RUAG Group, Raytheon Company and Tyvak Nano-Satellite Systems, Inc. (Terran Orbital Corporation). Based on type, the nanosatellite and microsatellite market is segmented as nanosatellite and microsatellite. Based on components, the market is segmented as software, hardware, data processing, launch services, and space services. Based on mass, the market is segmented as 1KG-10KG nano-satellite and 11KG-100KG micro-satellite. Based on the band, the market is segmented as k-band, x-band, and ka-band. Based on application, the market is segmented as earth observation & remote sensing, communication & navigation, biological experiments, scientific research, academic training, technology demonstration & verification, mapping, and reconnaissance. The earth observation & remote sensing segment dominates the market owing to the rise in need for earth observation data in geo-information products along with the increasingly central role of Big Data reinforces the growth potential of commercial activities. The communication & navigation segment is projected to account for major revenue contribution in the global market due to the increase in advanced technologies such as Internet Protocol Television (IPTV) and Over-The-Top (OTT) services during the forecast period. In addition, based on end-user, the market is segmented as government, commercial, civil, defense, maritime & transportation, and energy & infrastructure. The nanosatellite and microsatellite market is driven by rise in demand for earth observation related application, followed by an increase in focus on reducing the cost of miniatures satellite. However, an increase in government policies and limited access to space may impact the market. Moreover, increase in number of application areas and a rise in demand for satellite imagery from non-governmental players are key opportunities for the market. Furthermore, the rise in demand for Leo-based services is a major trend for the market. Based on geography, the North-American region holds the major share in the global market owing to growth in the adoption of nanosatellites and microsatellites and the presence of large space organizations & private companies in the region. Whereas, the European and Asian-Pacific regions are estimated to witness higher growth rate due to the rise in investments in the satellite sector coupled with supporting government initiatives over the forecast period. The global nanosatellite and microsatellite market is valued approximately The US $1.53 billion in 2019 and is expected to grow with a healthy growth rate of more than 20.1% over the forecast period 2019 to 2026. For More Information on the Research Report, refer to below links: – Global Nanosatellite and Microsatellite Market Outlook Related Report: – Nanosatellite and Microsatellite Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025) Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Asia Pacific Nanosatellite and Microsatellite Market, Germany Nanosatellite and Microsatellite Market, Global Nanosatellite and Microsatellite Industry, Global Nanosatellite and Microsatellite Industry Research Report, Global Nanosatellite and Microsatellite Market, Global Nanosatellite and Microsatellite Market Analysis, Global Nanosatellite and Microsatellite Market Forecast, Global Nanosatellite and Microsatellite Market Future Outlook, Global Nanosatellite and Microsatellite Market Growth Rate, Global Nanosatellite and Microsatellite Market Major Players, Global Nanosatellite and Microsatellite Market Research Report, Global Nanosatellite and Microsatellite Market Revenue, Global Nanosatellite and Microsatellite Market Segmentation, Global Nanosatellite and Microsatellite Market Share, Global Nanosatellite and Microsatellite Market Size, GomSpace Nanosatellite and Microsatellite Market, L3Harris Nanosatellite and Microsatellite Market, Latin America Nanosatellite and Microsatellite Market, Lockheed Martin Nanosatellite and Microsatellite Market, NanoAvionics Nanosatellite and Microsatellite Market, North America Nanosatellite and Microsatellite Market, Planet Labs Nanosatellite and Microsatellite Market, RUAG Holding Nanosatellite and Microsatellite Market, South Korea Nanosatellite and Microsatellite Market