Market Highlights:
The term "nanosatellite" or "nanosat" is refer as an artificial satellite which have a wet mass between 1 and 10 kg (2.2 and 22.0 lb). While "microsatellite" or "microsat" is refer as an artificial satellite with a wet mass between 10 and 100 kg (22 and 220 lb). Nano satellites are basically cheaper to build and launch in space than traditional satellites. Such satellites are used exclusively in low Earth orbit, gathering of scientific data and radio relay. Technical challenges in the construction of such satellites may include the lack of sufficient power storage or of room for a propulsion system. The market study is being classified by Type (Microsatellite and Nanosatellite), by Application (Communication, Earth Observation and Remote Sensing, Scientific Research, Biological Experiments, Technology Demonstration and Verification, Academic Training, Mapping and Navigation and Reconnaissance) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

Key Players:
The prominent players in the Nano and Microsatellite are GomSpace (Denmark), Lockheed Martin (United States), L3Harris (United States), Sierra Nevada Corporation (United States), AAC Clyde Space (Scotland), Planet Labs (United States), Tyvak (United States), NanoAvionics (United States), Innovative Solutions In Space (Netherlands) and SpaceQuest (United States).

Major Market Development Highlights
Lockheed Martin and Rovsing collaborated to bring better solar simulators in the market to service the increasing demand for a range of spacecraft sizes. Solar simulation equipment tests power and electrical systems for all spacecrafts
GomSpace signed a development contract with European Space Agency (ESA) for the initiation of a new GOMX-5 satellite mission. The purpose of the mission is to demonstrate new nanosatellite capabilities for the next generation of constellations requiring high-speed communication links and high levels of maneuverability

Key Questions Answered in the Report
What will the Nano and Microsatellite Market size and the growth rate be in Future?
What are the key factors driving the Nano and Microsatellite Market?
What are the key market trends and macro-economic impacting the growth of the Nano and Microsatellite Market?
What are the challenges to market growth?
Who are the key vendors in the Nano and Microsatellite Market?
What are the market opportunities and threats faced by the vendors in the Nano and Microsatellite Market?
Trending factors influencing the market shares of the Manufacturers.
What are the key outcomes of the five forces analysis of the Nano and Microsatellite Market?

Refer complete Table of Content of Nano and Microsatellite Market Study

Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Nano and Microsatellite market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Nano and Microsatellite market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Component manufacturers, Sensor designers, Electronics and semiconductor companies, Technology providers, Original equipment manufacturers (OEMs), Technology standards organizations, forums, alliances, and associations, Research organizations and Government bodies.
This helps us to gather the data for the players’ revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.