Global Nano Satellite Market Analysis 2017-2021 Global Nano Satellite Market Analysis 2017-2021 | Page 2

Global Nano Satellite Market - Analysis and Forecast 2017-2021
Space industry is filled with a range of activities, which are utilizing resources to create value
and benefit society, globally, in terms of understanding, exploring, researching, managing,
and utilizing space. Space is a government dominated sector, with distinguishing features such
as the use of cutting edge technologies and prolonged project development time. Currently,
utilization of space for defense applications is prominent, owing to space technologies that
have both military and civil applications like weather forecast, surveillance, earth observation,
navigation, and many more. However, growth of commercial space sector is on hike, owing to
increasing number of satellite startups developing disruptive technologies in space industry
such as small satellites (micro, nano, pico, and femto). Major government space organizations
worldwide are continuously increasing their funding in space industry to develop efficient and
cost effective satellite solutions. The U.S. government’s budget for space industry accounted
for 13.80% of the overall market, and is expected to increase in the coming future, owing to
investments in technological development related to major space projects. Currently, the space
industry is at the cusp of a major revolution as more than 3,600 small satellites including nano,
micro, and pico, are expected to be launched over the course of next ten years. Nano satellite,
in particular, is emerging as a promising market in the small satellite industry. The nano satellite
market witnessed a high growth owing to advancements in satellite miniaturization, increasing
capability of electronic technology, and ascending demand for small satellite constellations.
Recent innovations in satellite equipment and services is expected to enable nano satellite
technology to reach a wider segment of consumers in the industry.
Nano satellite constitute different subsystems mainly structure, telecommunication, on-board
computer, power system, attitude control system, payload, and propulsion system, which
are collectively known as satellite bus. Payload differs according to the application of the
satellite which are communication, intelligence, surveillance & reconnaissance (ISR), earth
observation and remote sensing, academic, research and space exploration, navigation, and
technology demonstration. The end users for the market are academic; the commercial includes
agriculture, IT & telecommunication, oil & gas, and mining; government; defense; and non-
profit organizations.
Some of the key players in the nano satellite market include Interorbital Systems, Israel
Aerospace Industries Ltd., Lockheed Martin Corporation, NanoAvionika, LLC, Northrop Grumman
Corporation, OHB SE, Orbital ATK, Inc., and Planet Labs, Inc.
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