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Global Nanosatellite and Microsatellite Market

Focus on Mass, Orbit, Component, Application, and End User – Analysis and Forecast, 2020-2026

Some Faq's

Frequently Asked Questions

The nanosatellite and microsatellite market was estimated at 213 units were launched in 2019 and is expected to grow at a CAGR of 24.86% on the basis of value during the forecast period from 2020-2026.

The key market players in the global nanosatellite and microsatellite market include Axelspace Corporation (Japan), Astrocast (Switzerland), BlackSky Global (U.S.), Capella Space (U.S.), GomSpace (Denmark), ICEYE (Finalnd), Kepler Communication (Canada), Lockheed Martin (U.S.), Nano Avionics (U.S.), OneWeb (UK), Planet Labs (U.S.), Planet IQ (U.S.), Satellogic (Argentina), Spire Global (U.S.), and Tyak Nano Satellite (U.S.).

The major factors promoting the growth of the nanosatellite and microsatellite market, include increasing demand for low earth orbit - based satellite, ongoing advancement of electronic technology for nanosatellite and microsatellite, and rising research and development activities for cost-effective satellite.

The applications for which nano- and microsatellites are used include communication, earth observation and remote sensing, space exploration, technology development and demonstration, and navigation.

The component types that are covered in the study of nanosatellites and microsatellites market include payload (structure), telecommunication, on-board computer, power system, attitude control system, and propulsion system (propulsion type).

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