Press release
Nanosatellite and Microsatellite Market Grows with Demand for Low-Cost Space Access, Earth Observation, IoT, and Miniaturized Tech in Defense, Agriculture, and Connectivity
Nanosatellite and Microsatellite Market
Nanosatellite and Microsatellite Market reached US$ 3.19 billion in 2023 and is expected to reach US$ 13.65 billion by 2031, growing with a CAGR of 19.93% during the forecast period 2024-2031.
Nanosatellite and Microsatellite Market is positioned for robust growth, and shifting market dynamics reshaping the competitive landscape. DataM Intelligence's new report provides data-driven insights, SWOT analysis, and marketing-ready intelligence for businesses seeking to improve market penetration and campaign ROI.
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Nanosatellite and Microsatellite Market - Recent Key Developments:-
July 2025 - Planet Labs launched a new fleet of high-resolution nanosatellites to enhance global agricultural monitoring and climate data collection capabilities, offering near real-time insights.
June 2025 - ISRO (Indian Space Research Organisation) successfully deployed a batch of microsatellites for academic and commercial use through its PSLV-C66 mission, supporting India's space commercialization goals.
May 2025 - Rocket Lab signed new launch contracts with private firms in Asia and Europe to deploy custom-built nanosatellites for communication and maritime tracking applications.
Strategic Players Driving the Nanosatellite and Microsatellite Market Forward :
Dauria Aerospace, GomSpace, Innovative Solutions in Space (ISISPACE), Sierra Nevada Corporation (SNC), Spire Global, Inc., SpaceQuest Ltd., Surrey Satellite Technology Limited (SSTL), The Boeing Company, Tyvak Inc. and Vector Launch, Inc.
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Segment Covered in the Nanosatellite and Microsatellite Market:
By Type
Nanosatellite
Microsatellite
By Component
Hardware
By Organization Size
SMEs
Large Enterprises
By Application
Communication & Navigation
Market Size Analysis and Y-o-Y Growth Analysis (%)
Earth Observation/Remote Sensing
Scientific Research
Technology & Academic Training
Others
By End-User
Government
Defense & Security
Commercial
Civil
Others
Regional Analysis for Nanosatellite and Microsatellite Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Most Frequently Asked Questions in the Nanosatellite and Microsatellite Market Research Industry:
✒ What are the primary drivers fueling growth in the Nanosatellite and Microsatellite Market today?
✒ Which companies are currently leading innovation and market share in the Nanosatellite and Microsatellite Market?
✒ In what ways is the current regulatory environment influencing the Nanosatellite and Microsatellite Market's trajectory?
✒ Which geographic regions are forecasted to experience the strongest growth in the Nanosatellite and Microsatellite Market-and why?
✒ What are the key barriers or challenges that could limit the growth of the Nanosatellite and Microsatellite Market?
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