Press release
Nanosatellite and Microsatellite Market Growth by Key Players: Lockheed Martin Corporation, Planet Labs, Inc., Sierra Nevada Corporation, Raytheon Company, Clyde Space, Inc., SpaceQuest Ltd., Surrey Satellite Technology Limited, Vector Space Systems, Tyva
According to a new research published by Polaris Market Research the worldwide Nanosatellite and Microsatellite Market is anticipated to reach over USD 6,111.8 million by 2026. In 2017, the nano satellite segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global Nano Satellite and Micro Satellite market.Sample copy of this Report @ https://www.polarismarketresearch.com/industry-analysis/nano-satellite-and-micro-satellite-market/request-for-free-sample
Nano satellites are used in civil, government, defense, and commercial sectors for earth observation and telecommunication applications. Organizations are increasingly adopting nano and micro satellites for technology demonstration, and scientific research and experimentation. The growing commercial sector, along with low costs associated with these satellites drive the market. There has been a rising demand of earth observation services among various sectors such as agriculture, energy, civil engineering, oil and gas, and defense. Growing use of these satellites in defense sector would boost the growth of this market. Technological advancement in terms of miniaturization of components, and associated software has encouraged established organizations, and small and medium enterprises to invest in these satellites. Advancements in microelectronics such as light weight apertures, antennas, panels, transreceivers, control sensors and actuators, and multi spectral imagers would increase the efficiency and processing power of these satellites and make it easy to assemble and test, reducing the complexities associated with heavy satellites.
Cubesat technology is growing at a rapid rate. CubeSats are a class of research spacecraft called nanosatellites. Cubesats are miniaturized satellites with mass between 1-3 kg. CubeSats are developed to standard dimensions (Units or “U”) of 10x10x11. They can be 1U, 2U, 3U, or 6U in size, and typically weigh less than 1.33 kg (3 lbs) per U. CubeSats are widely used by academia and research, and would constitute around 30% of total nano satellite market during the forecast period. Nano satellites in the range of 4-6 kg would constitute around 60% of the nano-satellite market during the forecast period owing to its increasing applications in remote sensing, earth observation, and technology development.
Make an inquiry before buying this report @ https://www.polarismarketresearch.com/industry-analysis/nano-satellite-and-micro-satellite-market/inquire-before-buying
The adoption of nano and micro satellites in the commercial sector has increased tremendously over the past few years owing to miniaturization of bulky satellite components, reduced costs, and standardization of satellite parts. In the commercial sector, these satellites are used in forestry, agriculture, energy, civil engineering, archaeology, insurance, and media and entertainment among others. These satellites are used for obtaining high-resolution earth imaging, space-based internet, and communication services. Planet, a company based in U.S., has a constellation of 36 small satellites in orbit, and offers high resolution imaging to consumers in the commercial sector. Other companies such as Skybox, Digital Globe, and O3B offer services such as real time satellite imaging, telecommunication, and space-based internet through these satellites.
Top key player:
Lockheed Martin Corporation
Planet Labs, Inc.
Sierra Nevada Corporation
Raytheon Company
Clyde Space, Inc.
SpaceQuest Ltd.
Surrey Satellite Technology Limited
Vector Space Systems
Tyvak Inc.
The Boeing Company
GomSpace Group AB
Harris Corporation
Thales Group among others.
Browse Full Report @ https://www.polarismarketresearch.com/industry-analysis/nano-satellite-and-micro-satellite-market/toc/
North America is expected to dominate the market throughout the forecast period. Rise in applications of nano and micro satellites in agriculture, real estate, defense, and government sectors in the North American region is the major driver for market growth. The affordable price of these satellites also accelerates the penetration in the commercial sector. Rise in investment in the defense sector, along with technological advancement in telecommunication industry, is expected to drive the nano and micro satellite market growth during the forecast period. Use of high-resolution imaging, and communication services for border security and monitoring high-risk situation by federal agencies, government, and non-government organizations are expected to raise the market investment for these services.
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
Contact us-
Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Nanosatellite and Microsatellite Market Growth by Key Players: Lockheed Martin Corporation, Planet Labs, Inc., Sierra Nevada Corporation, Raytheon Company, Clyde Space, Inc., SpaceQuest Ltd., Surrey Satellite Technology Limited, Vector Space Systems, Tyva here
News-ID: 1362592 • Views: …
More Releases from Polaris Market Research & Consulting

Granite Market Projected to Reach USD 6.63 Billion by 2034, Growing at a CAGR of …
Polaris Market Research has released new insights into the Granite market, highlighting key developments, evolving trends, and growth prospects across major regions and segments. The report delivers an in-depth analysis of market dynamics, competitive shifts, and strategic outlooks to support informed decision-making for businesses and investors.
Market at a Glance
In 2024, the market was valued at USD 3.99 billion and is anticipated to grow to USD 6.63 Billion by 2034. It…

Molecular Diagnostics for Sexually Transmitted Diseases Market to Reach USD 7.85 …
Polaris Market Research announces the release of its latest study on the Molecular Diagnostics For Sexually Transmitted Diseases market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape.
According to the findings, the market stood at 3.82 billion in 2024 and is expected to…

Higher Alpha Olefins Market Projected to Hit USD 20.01 Billion by 2034, Expandin …
Polaris Market Research announces the release of its latest study on the Higher Alpha Olefins market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape.
According to the findings, the market stood at 10.39 billion in 2024 and is expected to reach 20.01 billion…

Direct Oral Anticoagulants (DOACs) Device Market to Reach USD 64.83 Billion by 2 …
Polaris Market Research announces the release of its latest study on the Direct Oral Anticoagulants (DOACs) Device market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape.
According to the findings, the market stood at 31.67 billion in 2024 and is expected to reach…
More Releases for Nano
Key Trends Shaping the Future Nano UAV Market From 2025-2034: 4K Nano Drones Tra …
What Is the Estimated Market Size and Growth Rate for the Nano UAV Market?
The nano UAV market has grown exponentially in recent years. It is expected to increase from $1.97 billion in 2024 to $2.53 billion in 2025 at a CAGR of 28.4%. The historical growth was driven by its applications in military operations, counter-terrorism efforts, border surveillance, law enforcement, and disaster response initiatives.
The nano UAV market is projected to…
Vanadium Carbide Powders Market 2021 Analysis by Global Manufacturers: BiKe New …
Vanadium Carbide Powders Market Report provides detailed analysis of Growth Factors of the market as well as it gives an analysis of the Market size, Latest trends, SWOT Analysis by Regions and Forecasted market research data until 2026. The Vanadium Carbide Powders market report has studied key opportunities in the market and influencing factors which are useful to the business. The report also maps the qualitative and quantitative impact of…
Internet of Nano Things Market Device Type (Nano Processors, Nano Sensors, Nano …
Internet of Nano Things is the integration of nanoscale devices with existing communication network with high-speed internet. It comprises miniature sensors connected to each other via Nano network to get data from objects. The evolution of Nanotechnologies, Internet of Things (IoT), Nano machines, and Internet of Nano things (IoNT) is expected to have immense impact on advanced development in every field such as smart homes, smart cities, and others. The…
North America Nano PLC Market Growing at 15.8% CAGR to 2027 | By Type - Fixed Na …
North America Nano PLC Market Forecast to 2027 - COVID-19 Impact and Global Analysis" report added to ReportsWeb has covered and analyzed the potential of Global North America Nano PLC Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along…
Nano Silver Market Size, Opportunity, Growth by Top Key Players Cambrios Technol …
Nano Silver MarketReport, published by Allied Market Research, forecasts that the global market is expected to garner $1,605 million by 2022, registering a CAGR of 20.5% during the period 2016 - 2022.It is anticipated that electrical & electronics segment would generate the highest revenue throughout the forecast period. In the year 2015, Asia-Pacific led the global market and is expected to maintain its position throughout the study period.
Download PDF Report…
Nano Gas Sensor Market analysis report- with Leading players, Applications and M …
Nano Gas Sensor Market
Worldwide Market Reports has announced the addition of the “Global Nano Gas Sensor Industry Market Research Report”, The report classifies the global Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
Nano Gas Sensor Market provides market information about Top Manufacturers, Market segmentation, Types, Application and Regions. Powder Packing Machines Market also share Market capacity, Production, Revenue, Market…