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Global Nanosatellite and Microsatellite Market Size, Analysis: By Component: Solution, Services; By Type: Microsatellites, Nanosatellites; By Orbit: Non-Polar Inclined, Polar Orbit, Sun-Synchronous; By Frequency: S-Band, UHF-Band, VHF-Band, X-Band, Others; By Application; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
Global Nanosatellite and Microsatellite Market Size
The global nanosatellite and microsatellite market reached approximately USD 3.09 billion in 2023. The market is estimated to grow at a CAGR of 18.5% in the forecast period of 2024-2032, reaching a value of around USD 14.40 billion by 2032.
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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Nanosatellite and Microsatellite Market Analysis
8.1 Key Industry Highlights
8.2 Global Nanosatellite and Microsatellite Historical Market (2018-2023)
8.3 Global Nanosatellite and Microsatellite Market Forecast (2024-2032)
8.4 Global Nanosatellite and Microsatellite Market by Component
8.4.1 Solution
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Services
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Nanosatellite and Microsatellite Market by Type
8.5.1 Microsatellites
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Nanosatellites
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Nanosatellite and Microsatellite Market by Orbit
8.6.1 Non-Polar Inclined
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Polar Orbit
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Sun-Synchronous
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Nanosatellite and Microsatellite Market by Frequency
8.7.1 S-Band
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 UHF-Band
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 VHF-Band
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 X-Band
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Nanosatellite and Microsatellite Market by Application
8.8.1 Communication and Navigation
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Scientific Research
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Earth Observation/Remote Sensing
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Technology and Academic Training
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.9 Global Nanosatellite and Microsatellite Market by End Use
8.9.1 Defence and Security
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Government
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Commercial
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Civil
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.10 Global Nanosatellite and Microsatellite Market by Region
8.10.1 North America
8.10.1.1 Historical Trend (2018-2023)
8.10.1.2 Forecast Trend (2024-2032)
8.10.2 Europe
8.10.2.1 Historical Trend (2018-2023)
8.10.2.2 Forecast Trend (2024-2032)
8.10.3 Asia Pacific
8.10.3.1 Historical Trend (2018-2023)
8.10.3.2 Forecast Trend (2024-2032)
8.10.4 Latin America
8.10.4.1 Historical Trend (2018-2023)
8.10.4.2 Forecast Trend (2024-2032)
8.10.5 Middle East and Africa
8.10.5.1 Historical Trend (2018-2023)
8.10.5.2 Forecast Trend (2024-2032)
9 North America Nanosatellite and Microsatellite Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Nanosatellite and Microsatellite Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Nanosatellite and Microsatellite Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Nanosatellite and Microsatellite Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Nanosatellite and Microsatellite Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 GomSpace Group AB
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Kongsberg Gruppen ASA (NanoAvionics)
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Axelspace Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Sierra Nevada Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Terran Orbital Corporation (Tyvak International)
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 AAC Clyde Space AB
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Innovative Solutions In Space B.V. (ISIS)
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 OHB SE
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Surrey Satellite Technology Ltd. (SSTL)
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 EXOLAUNCH GmbH
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Nanosatellite and Microsatellite Market: Key Industry Highlights, 2018 and 2032
2. Global Nanosatellite and Microsatellite Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Nanosatellite and Microsatellite Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Nanosatellite and Microsatellite Historical Market: Breakup by Type (USD Billion), 2018-2023
5. Global Nanosatellite and Microsatellite Market Forecast: Breakup by Type (USD Billion), 2024-2032
6. Global Nanosatellite and Microsatellite Historical Market: Breakup by Orbit (USD Billion), 2018-2023
7. Global Nanosatellite and Microsatellite Market Forecast: Breakup by Orbit (USD Billion), 2024-2032
8. Global Nanosatellite and Microsatellite Historical Market: Breakup by Frequency (USD Billion), 2018-2023
9. Global Nanosatellite and Microsatellite Market Forecast: Breakup by Frequency (USD Billion), 2024-2032
10. Global Nanosatellite and Microsatellite Historical Market: Breakup by Application (USD Billion), 2018-2023
11. Global Nanosatellite and Microsatellite Market Forecast: Breakup by Application (USD Billion), 2024-2032
12. Global Nanosatellite and Microsatellite Historical Market: Breakup by End Use (USD Billion), 2018-2023
13. Global Nanosatellite and Microsatellite Market Forecast: Breakup by End Use (USD Billion), 2024-2032
14. Global Nanosatellite and Microsatellite Historical Market: Breakup by Region (USD Billion), 2018-2023
15. Global Nanosatellite and Microsatellite Market Forecast: Breakup by Region (USD Billion), 2024-2032
16. North America Nanosatellite and Microsatellite Historical Market: Breakup by Country (USD Billion), 2018-2023
17. North America Nanosatellite and Microsatellite Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Europe Nanosatellite and Microsatellite Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Europe Nanosatellite and Microsatellite Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Asia Pacific Nanosatellite and Microsatellite Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Asia Pacific Nanosatellite and Microsatellite Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Latin America Nanosatellite and Microsatellite Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Latin America Nanosatellite and Microsatellite Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Middle East and Africa Nanosatellite and Microsatellite Historical Market: Breakup by Country (USD Billion), 2018-2023
25. Middle East and Africa Nanosatellite and Microsatellite Market Forecast: Breakup by Country (USD Billion), 2024-2032
26. Global Nanosatellite and Microsatellite Market Structure
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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