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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.
High-throughput Satellite Market by Type (Payload, Structure, Power System, Attitude Control System, Propulsion System), Application (Broadband, Mobility, Enterprise, Government, Cellular Backhaul, Broadcast), and Region 2023-2028
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