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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Key Players in the Global Nanosatellite and Microsatellite Market and Their Strategic Initiatives
- GomSpace Group AB
- Kongsberg Gruppen ASA (NanoAvionics)
- Axelspace Corporation
- Sierra Nevada Corporation
- Terran Orbital Corporation (Tyvak International)
- AAC Clyde Space AB
- Innovative Solutions In Space B.V. (ISIS)
- OHB SE
- Surrey Satellite Technology Ltd. (SSTL)
- EXOLAUNCH GmbH
- Others
Lockheed Martin Corporation
- Advanced Satellite Technologies: Develops cutting-edge nanosatellite and microsatellite technologies for various applications, including Earth observation, communication, and defence and increasing the nanosatellite and microsatellite demand.
- Strategic Partnerships: Forms alliances with governmental and commercial entities to co-develop satellite solutions, enhancing its market presence and technological capabilities.
Planet Labs Inc.
- High-Resolution Imaging: Specializes in high-resolution Earth imaging nanosatellites, providing detailed and up-to-date data for various industries, including agriculture, forestry, and urban planning.
- Data Analytics Integration: Integrates advanced data analytics and AI capabilities into its services, offering clients actionable insights from satellite data.
GomSpace Group AB
- Customized Satellite Solutions: Provides customized nanosatellite and microsatellite solutions tailored to meet the specific needs of clients across different sectors.
- Focus on Research and Development: Invests in R&D to push the boundaries of satellite technology, exploring new applications and improving existing capabilities is further propelling the growth of the nanosatellite and microsatellite market.
Surrey Satellite Technology Limited (SSTL)
- Cost-Effective Satellites: Focuses on developing cost-effective nanosatellites and microsatellites, making space technology more accessible to a broader range of clients.
- Commercial and Academic Partnerships: Collaborates with commercial entities and academic institutions to drive innovation and expand its market reach.
Nanosatellite and Microsatellite Market Report Snapshots
Nanosatellite and Microsatellite Market Size
Nanosatellite and Microsatellite Market Trends
Nanosatellite and Microsatellite Market Share
Nanosatellite and Microsatellite Companies
Nanosatellite and Microsatellite Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 3.09 billion.
The market is projected to grow at a CAGR of 18.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 14.40 billion by 2032.
The major market drivers are the growing trend of miniaturisation of satellites, rising demand for satellite data, and increased funding for space research by governments.
The key trends of the market include the burgeoning popularity of CubeSats, increased usage of commercial off-the-shelf components (COTS) in micro and nanosatellites, and the rising trend of sustainability.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Different components are solution and services.
The key players in the market are GomSpace Group AB, Kongsberg Gruppen ASA (NanoAvionics), Axelspace Corporation, Sierra Nevada Corporation, Terran Orbital Corporation (Tyvak International), AAC Clyde Space AB, Innovative Solutions In Space B.V. (ISIS), OHB SE, Surrey Satellite Technology Ltd. (SSTL), and EXOLAUNCH GmbH, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124