The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increased number of space exploration missions is likely to spur innovation in nanosatellite and microsatellite production, propelling the market throughout the forecast period.

The global nanosatellite and microsatellite market is expected to grow from $2.11 billion in 2022 to $2.52 billion in 2023 at a compound annual growth rate (CAGR) of 19%. The global nanosatellite and microsatellite market size is expected to reach $4.88 billion in 2027 at a CAGR of 18%.

Get A Free Sample On The Global Nanosatellite And Microsatellite Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9368&type=smp

Global Nanosatellite And Microsatellite Market Segments Include:

• By Component: Launch Services, Hardware, Software And Data Processing, Space Services
• By Mass: Nanosatellites (1 kg- 10kg), Microsatellites (11kg- 100 kg)
• By Application: Communication, Reconnaissance, Scientific Research, Earth Observation And Remote Sensing, Biological Experiments, Academic Training, Technology Demonstration And Verification, Mapping And Navigation
• By Vertical: Government, Defense, Maritime And Transportation, Civil, Commercial, Energy And Infrastructure
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global nanosatellite and microsatellite market in 2021.

Major Market Players in the nanosatellite and microsatellite market include Dauria Aerospace, GomSpace, Innovative Solutions In Space (ISIS), Sierra Nevada Corporation, Spire Global Inc., SpaceQuest Ltd., Surrey Satellite Technology Limited.

Product innovations are a prevalent trend in the nanosatellites and microsatellites market. The major satellite businesses are focused on introducing technological advances that would strengthen their market position. For example, in September 2020, the Luxembourg Space Agency, the Grand Duchy of Luxembourg’s national space agency, launched and built the ESAIL microsatellite, the first high-performance microsatellite of its sort. ESAIL will track ships all around the world by detecting radio transmissions sent by ships’ autonomous identification systems (AIS). This enables marine, government, and commercial officials to monitor fisheries, fleets, the environment, and security, so making the waters safer.

The Nanosatellite And Microsatellite Global Market Report 2023  provides a nanosatellite and microsatellite market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The nanosatellite and microsatellite market forecast analyzes nanosatellite and microsatellite market size, nanosatellite and microsatellite market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Nanosatellites and microsatellites (NaM) are artificial satellites that are 1 to 100 kilogrammes in size. They normally launch at low altitudes and circle the Earth in a polar (circular or elliptical) orbit. These satellites move at great speeds and provide excellent solutions for communications, remote sensing, and earth observation.

Explore Similar Reports From The Business Research Company:

Small Satellite Global Market Report 2023

Small Satellite Services Global Market Report 2023

Space On Board Computing Platform Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: