Japan Nanosatellite And Microsatellite Market Size & Outlook
Japan nanosatellite and microsatellite market, 2017-2030 (US$M)
Related Markets
Japan nanosatellite and microsatellite market highlights
- The Japan nanosatellite and microsatellite market generated a revenue of USD 148.7 million in 2023 and is expected to reach USD 849.1 million by 2030.
- The Japan market is expected to grow at a CAGR of 28.3% from 2024 to 2030.
- In terms of segment, microsatellites was the largest revenue generating mass in 2023.
- Microsatellites is the most lucrative mass segment registering the fastest growth during the forecast period.
Nanosatellite and microsatellite market data book summary
| Market revenue in 2023 | USD 148.7 million |
| Market revenue in 2030 | USD 849.1 million |
| Growth rate | 28.3% (CAGR from 2023 to 2030) |
| Largest segment | Microsatellites |
| Fastest growing segment | Microsatellites |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nanosatellites, Microsatellites |
| Key market players worldwide | Sierra Nevada Brewing, Spire Global Inc Ordinary Shares - Class A, Boeing Co, Terran Orbital Corp, GomSpace, Vector Launch, Dauria Aerospace, Innovative Solutions in Space B.V., AAC SpaceQuest, Surrey Satellite Technology Ltd. |
Other key industry trends
- In terms of revenue, Japan accounted for 4.6% of the global nanosatellite and microsatellite market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China nanosatellite and microsatellite market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 505.0 million by 2030.
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Nanosatellite And Microsatellite Market Scope
Nanosatellite And Microsatellite Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan nanosatellite and microsatellite market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nanosatellite and microsatellite market will help companies and investors design strategic landscapes.
Microsatellites was the largest segment with a revenue share of 83.39% in 2023. Horizon Databook has segmented the Japan nanosatellite and microsatellite market based on nanosatellites, microsatellites covering the revenue growth of each sub-segment from 2017 to 2030.
The Japanese Aerospace Exploration Agency (JAXA) in cooperation with private entities and University of Tokyo engages in the development of small rockets and launch vehicles in order to place microsatellite into the orbit.
This development of small rockets is expected to facilitate private enterprises to launch their small satellites at an affordable cost. Moreover, Japanese private firms have increased the development of small satellites for the purpose of their usage in traffic control and geographical studies.
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Target buyers of Japan nanosatellite and microsatellite market databook
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Our clientele includes a mix of nanosatellite and microsatellite market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan nanosatellite and microsatellite market , including forecasts for subscribers. This country databook contains high-level insights into Japan nanosatellite and microsatellite market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Japan nanosatellite and microsatellite market size, by mass, 2017-2030 (US$M)
Japan Nanosatellite And Microsatellite Market Outlook Share, 2023 & 2030 (US$M)
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