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Nanosatellite And Microsatellite Market Report 2023 - Market Size, Industry Trends, Major Drivers And Analysis 2032 | Dauria Aerospace, GomSpace, Innovative Solutions In Space (ISIS), Sierra Nevada Corporation, Spire Global Inc
Nanosatellite And Microsatellite Market
Nanosatellite And Microsatellite Market Size, Growth Rate, And Forecast
The global nanosatellite and microsatellite market size is expected to grow from $2.11 billion in 2022 to $2.52 billion in 2023 at a compound annual growth rate (CAGR) of 19%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global nanosatellite and microsatellite market size is expected to reach $4.88 billion in 2027 at a CAGR of 18%.
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Nanosatellite And Microsatellite Market Drivers
The increase in space exploration missions is significantly driving the growth of the nanosatellite and microsatellite market. Space exploration missions refer to projects that involve exploring the realms of the cosmos beyond Earth's atmosphere using crewed and uncrewed spacecraft.
Nanosatellites and microsatellites are utilized for extremely specialized tasks including Earth observation, telecommunications, and meteorology.
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Nanosatellite And Microsatellite Market Segments
• By Component: Launch Services, Hardware, Software And Data Processing, Space Services.
• By Mass: Nanosatellites (1 kg- 10kg), Microsatellites (11kg- 100 kg)
• By Application: Communication, Reconnaissance, Scientific Research, Earth Observation And Remote Sensing, Biological Experiments, Academic Training, Technology Demonstration And Verification, Mapping And Navigation.
• By Vertical: Government, Defense, Maritime And Transportation, Civil, Commercial, Energy And Infrastructure.
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Nanosatellite And Microsatellite market.
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Nanosatellite And Microsatellite Market Key Players
Major competitors in the nanosatellite and microsatellite market include Dauria Aerospace, GomSpace, Innovative Solutions In Space (ISIS), Sierra Nevada Corporation, Spire Global Inc., SpaceQuest Ltd., Surrey Satellite Technology Limited.
The Business Research Company's "Global Nanosatellite And Microsatellite Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Nanosatellite And Microsatellite Market Include:
1. Executive Summary
2. Nanosatellite And Microsatellite Market Characteristics
3. Nanosatellite And Microsatellite Market Trends And Strategies
4. Nanosatellite And Microsatellite Market - Macro Economic Scenario
5. Nanosatellite And Microsatellite Market Size And Growth
……
26. Africa Nanosatellite And Microsatellite Market
27. Nanosatellite And Microsatellite Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Nanosatellite And Microsatellite Market
29. Nanosatellite And Microsatellite Market Future Outlook and Potential Analysis
30. Appendix
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