The Asia Pacific Nanosatellite And Microsatellite Market would witness market growth of 23.6% CAGR during the forecast period (2022-2028).
The creation of Small Satellite Launch Vehicles (SSLVs) is the result of the increased requirement for compact launch vehicles, which can overcome these financial limitations. Additionally, reduced entry barriers and institutional and private investment are enabling manufacturers to rapidly create SSLVs and seize a potential market share for nanosatellites.
Nanosatellites and microsatellites are less costly than standard satellites. Because of their quicker development cycles, lightweight properties, high potential for executing complicated computer operations, and decreased launch costs, there is a growth in the demand for these types of satellites. Launching clusters of nano- and microsatellites allow companies to deliver a wide variety of satellite-based services.
Microsatellites and nanosatellites help conserve a substantial amount of resources. This helps in the reduction of barriers to reaching and exploring space, which has resulted in a spike in the adoption of small satellites. The most significant benefit that small satellites offer is the short duration of time it requires to create them. While it can take anywhere from five to fifteen years to create a typical or big satellite and put it into orbit, a nanosatellite might be developed and deployed into the correct orbit in fewer than eight months.
The Asia Pacific Space Cooperation Organization is China's most significant multilateral cooperation endeavor (APSCO). China, Bangladesh, Pakistan, Peru, Thailand, Indonesia, Iran, Mongolia, and Turkey are its nine constituent nations. The mission of APSCO is to advance multilateral collaboration among its member nations in the fields of space science, applications, and technology. Seven international R&D initiatives are now in progress at APSCO.
The China market dominated the Asia Pacific Nanosatellite And Microsatellite Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $540.1 million by 2028.The Japan market is estimated to grow a CAGR of 22.8% during (2022 - 2028). Additionally, The India market would experience a CAGR of 24.3% during (2022 - 2028).
Based on End-Use, the market is segmented into Commercial, Government, Defense & Security and Civil. Based on Application, the market is segmented into Earth Observation/Remote Sensing, Communication & Navigation, Scientific Research and Technology & Academic Training. Based on Mass, the market is segmented into Nanosatellites and Microsatellites. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Nanosatellite And Microsatellite Market is Projected to reach USD 8 Billion by 2028, at a CAGR of 22.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dauria Aerospace, GomSpace Group AB, ISISPACE Group, Sierra Nevada Corporation (SNC), Spire Global, Inc., AAC Clyde Space, Surrey Satellite Technology Limited (SSTL), The Boeing Company, and Tyvak International
Scope of the Study
Market Segments Covered in the Report:
By End-Use
- Commercial
- Government
- Defense & Security
- Civil
By Application
- Earth Observation/Remote Sensing
- Communication & Navigation
- Scientific Research
- Technology & Academic Training
By Mass
- Nanosatellites
- Microsatellites
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Dauria Aerospace
- GomSpace Group AB
- ISISPACE Group
- Sierra Nevada Corporation (SNC)
- Spire Global, Inc.
- AAC Clyde Space
- Surrey Satellite Technology Limited (SSTL)
- The Boeing Company
- Tyvak International
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Nanosatellite And Microsatellite Market, by End-Use
1.4.2 Asia Pacific Nanosatellite And Microsatellite Market, by Application
1.4.3 Asia Pacific Nanosatellite And Microsatellite Market, by Mass
1.4.4 Asia Pacific Nanosatellite And Microsatellite Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Nanosatellite And Microsatellite Market by End-Use
3.1 Asia Pacific Commercial Market by Country
3.2 Asia Pacific Government Market by Country
3.3 Asia Pacific Defense & Security Market by Country
3.4 Asia Pacific Civil Market by Country
Chapter 4. Asia Pacific Nanosatellite And Microsatellite Market by Application
4.1 Asia Pacific Earth Observation/Remote Sensing Market by Country
4.2 Asia Pacific Communication & Navigation Market by Country
4.3 Asia Pacific Scientific Research Market by Country
4.4 Asia Pacific Technology & Academic Training Market by Country
Chapter 5. Asia Pacific Nanosatellite And Microsatellite Market by Mass
5.1 Asia Pacific Nanosatellites Market by Country
5.2 Asia Pacific Microsatellites Market by Country
Chapter 6. Asia Pacific Nanosatellite And Microsatellite Market by Country
6.1 China Nanosatellite And Microsatellite Market
6.1.1 China Nanosatellite And Microsatellite Market by End-Use
6.1.2 China Nanosatellite And Microsatellite Market by Application
6.1.3 China Nanosatellite And Microsatellite Market by Mass
6.2 Japan Nanosatellite And Microsatellite Market
6.2.1 Japan Nanosatellite And Microsatellite Market by End-Use
6.2.2 Japan Nanosatellite And Microsatellite Market by Application
6.2.3 Japan Nanosatellite And Microsatellite Market by Mass
6.3 India Nanosatellite And Microsatellite Market
6.3.1 India Nanosatellite And Microsatellite Market by End-Use
6.3.2 India Nanosatellite And Microsatellite Market by Application
6.3.3 India Nanosatellite And Microsatellite Market by Mass
6.4 South Korea Nanosatellite And Microsatellite Market
6.4.1 South Korea Nanosatellite And Microsatellite Market by End-Use
6.4.2 South Korea Nanosatellite And Microsatellite Market by Application
6.4.3 South Korea Nanosatellite And Microsatellite Market by Mass
6.5 Singapore Nanosatellite And Microsatellite Market
6.5.1 Singapore Nanosatellite And Microsatellite Market by End-Use
6.5.2 Singapore Nanosatellite And Microsatellite Market by Application
6.5.3 Singapore Nanosatellite And Microsatellite Market by Mass
6.6 Malaysia Nanosatellite And Microsatellite Market
6.6.1 Malaysia Nanosatellite And Microsatellite Market by End-Use
6.6.2 Malaysia Nanosatellite And Microsatellite Market by Application
6.6.3 Malaysia Nanosatellite And Microsatellite Market by Mass
6.7 Rest of Asia Pacific Nanosatellite And Microsatellite Market
6.7.1 Rest of Asia Pacific Nanosatellite And Microsatellite Market by End-Use
6.7.2 Rest of Asia Pacific Nanosatellite And Microsatellite Market by Application
6.7.3 Rest of Asia Pacific Nanosatellite And Microsatellite Market by Mass
Chapter 7. Company Profiles
7.1 Dauria Aerospace
7.1.1 Company Overview
7.2 The Boeing Company (Jeppesen)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research and Development Expense
7.3 GomSpace Group AB
7.3.1 Company Overview
7.3.2 Financial Analysis
7.4 ISISPACE Group
7.4.1 Company Overview
7.5 Sierra Nevada Corporation
7.5.1 Company Overview
7.6 Spire Global, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Research & Development Expenses
7.7 AAC Clyde Space
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental Analysis
7.8 Surrey Satellite Technology Ltd.
7.8.1 Company Overview
7.9 Tyvak International (Terran Orbital Corporation)
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:
7.9.2.2 Product Launches and Product Expansions:
TABLE 1 Asia Pacific Nanosatellite And Microsatellite Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Nanosatellite And Microsatellite Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Nanosatellite And Microsatellite Market by End-Use, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Nanosatellite And Microsatellite Market by End-Use, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Commercial Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Commercial Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Government Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Government Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Defense & Security Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Defense & Security Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Civil Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Civil Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Nanosatellite And Microsatellite Market by Application, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Nanosatellite And Microsatellite Market by Application, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Earth Observation/Remote Sensing Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Earth Observation/Remote Sensing Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Communication & Navigation Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Communication & Navigation Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Scientific Research Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Scientific Research Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Technology & Academic Training Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Technology & Academic Training Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Nanosatellite And Microsatellite Market by Mass, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Nanosatellite And Microsatellite Market by Mass, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Nanosatellites Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Nanosatellites Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Microsatellites Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Microsatellites Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Nanosatellite And Microsatellite Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Nanosatellite And Microsatellite Market by Country, 2022 - 2028, USD Million
TABLE 31 China Nanosatellite And Microsatellite Market, 2018 - 2021, USD Million
TABLE 32 China Nanosatellite And Microsatellite Market, 2022 - 2028, USD Million
TABLE 33 China Nanosatellite And Microsatellite Market by End-Use, 2018 - 2021, USD Million
TABLE 34 China Nanosatellite And Microsatellite Market by End-Use, 2022 - 2028, USD Million
TABLE 35 China Nanosatellite And Microsatellite Market by Application, 2018 - 2021, USD Million
TABLE 36 China Nanosatellite And Microsatellite Market by Application, 2022 - 2028, USD Million
TABLE 37 China Nanosatellite And Microsatellite Market by Mass, 2018 - 2021, USD Million
TABLE 38 China Nanosatellite And Microsatellite Market by Mass, 2022 - 2028, USD Million
TABLE 39 Japan Nanosatellite And Microsatellite Market, 2018 - 2021, USD Million
TABLE 40 Japan Nanosatellite And Microsatellite Market, 2022 - 2028, USD Million
TABLE 41 Japan Nanosatellite And Microsatellite Market by End-Use, 2018 - 2021, USD Million
TABLE 42 Japan Nanosatellite And Microsatellite Market by End-Use, 2022 - 2028, USD Million
TABLE 43 Japan Nanosatellite And Microsatellite Market by Application, 2018 - 2021, USD Million
TABLE 44 Japan Nanosatellite And Microsatellite Market by Application, 2022 - 2028, USD Million
TABLE 45 Japan Nanosatellite And Microsatellite Market by Mass, 2018 - 2021, USD Million
TABLE 46 Japan Nanosatellite And Microsatellite Market by Mass, 2022 - 2028, USD Million
TABLE 47 India Nanosatellite And Microsatellite Market, 2018 - 2021, USD Million
TABLE 48 India Nanosatellite And Microsatellite Market, 2022 - 2028, USD Million
TABLE 49 India Nanosatellite And Microsatellite Market by End-Use, 2018 - 2021, USD Million
TABLE 50 India Nanosatellite And Microsatellite Market by End-Use, 2022 - 2028, USD Million
TABLE 51 India Nanosatellite And Microsatellite Market by Application, 2018 - 2021, USD Million
TABLE 52 India Nanosatellite And Microsatellite Market by Application, 2022 - 2028, USD Million
TABLE 53 India Nanosatellite And Microsatellite Market by Mass, 2018 - 2021, USD Million
TABLE 54 India Nanosatellite And Microsatellite Market by Mass, 2022 - 2028, USD Million
TABLE 55 South Korea Nanosatellite And Microsatellite Market, 2018 - 2021, USD Million
TABLE 56 South Korea Nanosatellite And Microsatellite Market, 2022 - 2028, USD Million
TABLE 57 South Korea Nanosatellite And Microsatellite Market by End-Use, 2018 - 2021, USD Million
TABLE 58 South Korea Nanosatellite And Microsatellite Market by End-Use, 2022 - 2028, USD Million
TABLE 59 South Korea Nanosatellite And Microsatellite Market by Application, 2018 - 2021, USD Million
TABLE 60 South Korea Nanosatellite And Microsatellite Market by Application, 2022 - 2028, USD Million
TABLE 61 South Korea Nanosatellite And Microsatellite Market by Mass, 2018 - 2021, USD Million
TABLE 62 South Korea Nanosatellite And Microsatellite Market by Mass, 2022 - 2028, USD Million
TABLE 63 Singapore Nanosatellite And Microsatellite Market, 2018 - 2021, USD Million
TABLE 64 Singapore Nanosatellite And Microsatellite Market, 2022 - 2028, USD Million
TABLE 65 Singapore Nanosatellite And Microsatellite Market by End-Use, 2018 - 2021, USD Million
TABLE 66 Singapore Nanosatellite And Microsatellite Market by End-Use, 2022 - 2028, USD Million
TABLE 67 Singapore Nanosatellite And Microsatellite Market by Application, 2018 - 2021, USD Million
TABLE 68 Singapore Nanosatellite And Microsatellite Market by Application, 2022 - 2028, USD Million
TABLE 69 Singapore Nanosatellite And Microsatellite Market by Mass, 2018 - 2021, USD Million
TABLE 70 Singapore Nanosatellite And Microsatellite Market by Mass, 2022 - 2028, USD Million
TABLE 71 Malaysia Nanosatellite And Microsatellite Market, 2018 - 2021, USD Million
TABLE 72 Malaysia Nanosatellite And Microsatellite Market, 2022 - 2028, USD Million
TABLE 73 Malaysia Nanosatellite And Microsatellite Market by End-Use, 2018 - 2021, USD Million
TABLE 74 Malaysia Nanosatellite And Microsatellite Market by End-Use, 2022 - 2028, USD Million
TABLE 75 Malaysia Nanosatellite And Microsatellite Market by Application, 2018 - 2021, USD Million
TABLE 76 Malaysia Nanosatellite And Microsatellite Market by Application, 2022 - 2028, USD Million
TABLE 77 Malaysia Nanosatellite And Microsatellite Market by Mass, 2018 - 2021, USD Million
TABLE 78 Malaysia Nanosatellite And Microsatellite Market by Mass, 2022 - 2028, USD Million
TABLE 79 Rest of Asia Pacific Nanosatellite And Microsatellite Market, 2018 - 2021, USD Million
TABLE 80 Rest of Asia Pacific Nanosatellite And Microsatellite Market, 2022 - 2028, USD Million
TABLE 81 Rest of Asia Pacific Nanosatellite And Microsatellite Market by End-Use, 2018 - 2021, USD Million
TABLE 82 Rest of Asia Pacific Nanosatellite And Microsatellite Market by End-Use, 2022 - 2028, USD Million
TABLE 83 Rest of Asia Pacific Nanosatellite And Microsatellite Market by Application, 2018 - 2021, USD Million
TABLE 84 Rest of Asia Pacific Nanosatellite And Microsatellite Market by Application, 2022 - 2028, USD Million
TABLE 85 Rest of Asia Pacific Nanosatellite And Microsatellite Market by Mass, 2018 - 2021, USD Million
TABLE 86 Rest of Asia Pacific Nanosatellite And Microsatellite Market by Mass, 2022 - 2028, USD Million
TABLE 87 Key Information – Dauria Aerospace
TABLE 88 Key Information – The Boeing Company
TABLE 89 Key Information – GomSpace Group AB
TABLE 90 Key Information – ISISPACE Group
TABLE 91 Key Information – Sierra Nevada Corporation
TABLE 92 Key Information – Spire Global, Inc.
TABLE 93 Key Information – AAC Clyde Space .
TABLE 94 Key Information – Surrey Satellite Technology Ltd.
TABLE 95 Key Information – Tyvak International
List of Figures
FIG 1 Methodology for the research