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The global nanosatellite and microsatellite market reached a value of US$ 2.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.1 Billion by 2027, exhibiting a CAGR of 20.57% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Nanosatellites and microsatellites (NaM) refer to miniaturized artificial satellites that weigh between 1 to 10 kilograms. They circle the earth in a polar (circular or elliptical) orbit and are usually launched at low altitudes. They travel at high speeds and offer optimum solutions for communications, remote sensing and land observations. These satellites consist of various hardware, software and data processing devices that are also used for geographical mapping, navigation and scientific research. The data obtained from these satellites is processed and used for improving water management and carrying out relief and defense operations.
Significant growth in the aeronautic and satellite industry is one of the key factors driving the growth of the market. Furthermore, advancements in the miniaturization technologies across industries are also providing a boost to the market growth. NaMs are increasingly being utilized across the civil, commercial and defense sectors to conduct low-cost space missions, including geolocation, signal monitoring and communications. Various technological advancements, such as the integration of these satellites with artificial intelligence (AI), robotics and the Internet of Things (IoT) is acting as another growth-inducing factor. These technologies, along with Very High Frequency (VHF), Ultra High Frequency (UHF) and visible transmission technologies, aid in increasing signal frequencies and overall data transfer speeds between the satellite and the ground stations. Other factors, including the deployment of solar panels and star tracker technologies, along with extensive research and development (R&D) activities in the field of space science, are projected to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global nanosatellite and microsatellite market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on satellite mass, component, application and end-use sector.
Breakup by Satellite Mass:
Breakup by Component:
Breakup by End-Use Sector:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being AAC Clyde Space., Axelspace Corporation, Berlin Space Technologies, GomSpace, ISISPACE Group, L3harris Technologies Inc., Lockheed Martin Corporation., Planet Labs Tb Inc., Spacequest Ltd., Spire Inc., Surrey Satellite Technology, Tyvak Nano-Satellite Systems, Inc. etc.
|Base Year of the Analysis||2021|
|Segment Coverage||Satellite Mass, Component, Application, End-Use Sector, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||AAC Clyde Space., Axelspace Corporation, Berlin Space Technologies, GomSpace, ISISPACE Group, L3harris Technologies Inc., Lockheed Martin Corporation., Planet Labs Tb Inc., Spacequest Ltd., Spire Inc., Surrey Satellite Technology and Tyvak Nano-Satellite Systems, Inc.|
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The global nanosatellite and microsatellite market was valued at US$ 2.0 Billion in 2021.
We expect the global nanosatellite and microsatellite market to exhibit a CAGR of 20.57% during
The rising application of nanosatellite and microsatellite across the civil, commercial, and defense
sectors to conduct low-cost space missions, such as geolocation, signal monitoring, and
communications, is primarily driving the global nanosatellite and microsatellite market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations resulting in disrupted supply chain of critical
aeronautical parts and temporary halt in numerous manufacturing activities for nanosatellite and
Based on the satellite mass, the global nanosatellite and microsatellite market has been bifurcated
into nanosatellite (1kg to 10kg) and microsatellite (10kg to 100kg). Currently, nanosatellite (1kg to
10kg) holds the majority of the total market share.
Based on the component, the global nanosatellite and microsatellite market can be categorized into
hardware, software and data processing, space services, and launch services. Among these,
hardware exhibits clear dominance in the market.
Based on the application, the global nanosatellite and microsatellite market has been segmented
into communication, earth observation and remote sensing, scientific research, biological
experiments, technology demonstration and verification, academic training, mapping and
navigation, reconnaissance, and others. Currently, earth observation and remote sensing represents
the largest market share.
Based on the end-use sector, the global nanosatellite and microsatellite market can be divided into
government, civil, commercial, defense, energy and infrastructure, and others. Among these, the
commercial sector currently accounts for the majority of the global market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global nanosatellite and microsatellite market include AAC Clyde
Space., Axelspace Corporation, Berlin Space Technologies, GomSpace, ISISPACE Group, L3harris
Technologies Inc., Lockheed Martin Corporation., Planet Labs Tb Inc., Spacequest Ltd., Spire Inc.,
Surrey Satellite Technology, Tyvak Nano-Satellite Systems, Inc., etc.
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