Press release
Nanosatellite and Microsatellite Market predicted to gain $4.8 billion by 2025
The report "Nanosatellite and Microsatellite Market by Component (Hardware, Software & Data Processing, Launch Services), Type (Nanosatellite and Microsatellite), Application, Vertical (Government, Defense, Civil), and Region - Global Forecast to 2025", size is expected to grow from USD 1.8 billion in 2020 to USD 4.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.3% during the forecast period. The satellites are used for several applications, such as communication, earth observation & remote sensing, scientific research, biological experiments, academic training, reconnaissance, and various other applications by the defense, intelligence, civil, commercial, and/or government users. Continuous advancements in the miniaturization of technologies, such as electronics, low-mission costs, and the increasing use of satellite constellations, are major drivers of the market.Browse 260 market data Tables and 32 Figures spread through 236 Pages and in-depth TOC on "Nanosatellite and Microsatellite Market @ https://www.marketsandmarkets.com/Market-Reports/nanosatellite-and-microsatellite-market-130496085.html
Earth observation and remote sensing to account for the largest market size during the forecast period
Nanosatellites and microsatellites have brought novel opportunities for earth observation and remote sensing using inexpensive small satellites to capture images of the earth and gather specific data. Nanosatellites and microsatellites are expected to play a major role in remote sensing missions due to their enhanced computational and communication capabilities, along with competencies in making decisions about the time and data to be shared. Successful programs to develop and examine advanced hyperspectral imaging systems compatible with nanosatellite and microsatellite missions enable small satellites to generate high-quality complex images.
The commercial vertical to account for the largest market size during the forecast period
The geospatial technology using earth-imaging small satellites for agriculture, education, intelligence navigation, mapping, and other uses, has driven the commercial sector in the past decade. Nanosatellites or microsatellites help commercial companies gather global real-time data and distribute the same at lower prices to customers across a wide geographic area. Nanosatellites and microsatellites are used for commercial purposes, such as communication, in the form of voice, data, and videos, internet communication, and video chat. Between 2013 and 2017, almost half the nanosatellites were launched for military or civil missions and the remaining half for business purposes.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=130496085
North America to account for the highest market share during the forecast period
North America accounts for the highest market share in the nanosatellite and microsatellite market. The country leads in the adoption of nanosatellites and microsatellites and offers great opportunities for the overall growth of the nanosatellite and microsatellite market. North America has always been an early adopter of new technology or software, and the North American market grows at a faster rate initially as compared to any other region. The demand for nanosatellites and microsatellites in North America is being driven by the booming digitalization across industries along with surging demand for earth observation satellites.
The major nanosatellite and microsatellite market vendors include GomSpace (Denmark), Lockheed Martin (US), L3Harris (US), Sierra Nevada Corporation (US), AAC Clyde Space (Scotland), Planet Labs (US), Tyvak (US), NanoAvionics (US), Innovative Solutions In Space (Netherlands), SpaceQuest (US), Raytheon (US), RUAG (Switzerland), Surrey Satellite Technology Limited (England), Dauria Aerospace (Russia), Axelspace Corporation (Japan), Sky and Space Global (UK), Kepler (Canada), GAUSS (Italy), SpaceWorks Enterprises (US), and Berlin Space Technologies (Germany).
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
MnM Blog: https://mnmblog.org
Content Source: https://www.marketsandmarkets.com/PressReleases/nanosatellite-and-microsatellite.asp
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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 predicted to gain $4.8 billion by 2025 here
News-ID: 2346139 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for Nanosatellite
Nanosatellite And Microsatellite Market Growth Drivers & Challenges | 2033
The new report published by The Business Research Company, titled "Nanosatellite And Microsatellite Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the nanosatellite and microsatellite market size has grown rapidly in recent years. It will grow from $2.53 billion…
Nanosatellite and Microsatellite Market Size, Segmentation, Share, Growth Analys …
The global Nanosatellite and Microsatellite Market size is expected to grow from USD 2.8 billion in 2022 to USD 6.7 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 19.3% during the forecast period.
Browse 258 market data Tables and 47 Figures spread through 252 Pages and in-depth TOC on "Nanosatellite and Microsatellite Market by Component (Hardware, Software), Application, Type (Nanosatellite, Microsatellite), Organization Size, Vertical (Government, Civil, Commercial), Orbit,…
Nanosatellite and microsatellite market to reach $8.69 billion by 2030
According to a recent report published by Allied Market Research, titled, "Nanosatellite and Microsatellite Market by End User, Application, and Orbit Type: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global nanosatellite and microsatellite market was valued at $2.23 billion in 2020, and is projected to reach $8.69 billion by 2030, registering a CAGR of 14.9%.
North America dominates the market, in terms of revenue, followed by Europe, Asia-Pacific, and LAMEA.…
Nanosatellite Market Key Indicators, SWOT Analysis and Forecast 2029
The global Nanosatellite market study by Fairfield Market Research offers a unique insight into the market dynamics. It offers an evaluation of various factors that are enabling market growth at a steady growth rate. The report is a comprehensive outlook on the global Nanosatellite market that is broken down into chapters to give the readers a detailed understanding. It is an ideal tool for making crucial business decisions about investments…
Nanosatellite Market Share, Applications, Segmentations & Forecast by 2024
An outlook on nanosatellite market growth is presented in this latest research report that reviews industry growth drivers, trends, regional factors & companies as well as provides forecasts for next few years.
Nanosatellite Market size is anticipated to grow over the future owing to the gradual cost reduction, increasing applications followed by the growing demand for nanosatellites. Given the high cost of developing and manufacturing large satellites, these satellites are the…
Nanosatellite and Microsatellite Market Size, Growth, Analysis, Forecast 2022
Nanosatellite and Microsatellite Market Size, Capacity, Trends, Outlook, Research, Analysis, Growth | Industry Report 2022 Market Research Report to It’s a Database.
Download sample copy @ http://bit.ly/2toosPk
The nanosatellite and microsatellite market is projected to grow from USD 1.21 billion in 2017 to USD 3.49 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 23.7% during the forecast period. Factors such as the high demand for miniature satellites…