Global Nanosatellite and Microsatellite Market Growth 2023-2029

Global Nanosatellite and Microsatellite Market Growth 2023-2029

This report studies the Nanosatellite and Microsatellite market, the term "microsatellite" or "microsat" is usually applied to the name of an artificial satellite with a wet mass between 10 and 100 kg (22 and 220 lb). The term "nanosatellite" or "nanosat" is applied to an artificial satellite with a wet mass between 1 and 10 kg (2.2 and 22.0 lb).

LPI (LP Information)' newest research report, the “Nanosatellite and Microsatellite Industry Forecast” looks at past sales and reviews total world Nanosatellite and Microsatellite sales in 2022, providing a comprehensive analysis by region and market sector of projected Nanosatellite and Microsatellite sales for 2023 through 2029. With Nanosatellite and Microsatellite sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Nanosatellite and Microsatellite industry.

This Insight Report provides a comprehensive analysis of the global Nanosatellite and Microsatellite landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Nanosatellite and Microsatellite portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Nanosatellite and Microsatellite market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Nanosatellite and Microsatellite and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Nanosatellite and Microsatellite.

The global Nanosatellite and Microsatellite market size is projected to grow from US$ 902.9 million in 2022 to US$ 2580.2 million in 2029; it is expected to grow at a CAGR of 2580.2 from 2023 to 2029.

Lockheed Martin, Northrop Gruman, Raytheon, Dynetics are the top 4 players of Nanosatellite and Microsatellite, with about 65% market shares.

Global Nanosatellite and Microsatellite industry shows a high concentration degree due to the high technical barriers. In terms of geography, North America is the largest consumption region with a 51% global market share, followed by Europe with 30%.

This report presents a comprehensive overview, market shares, and growth opportunities of Nanosatellite and Microsatellite market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Nanosatellite

Microsatellite

Segmentation by application

National Security

Science & Environment

Commerce

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Lockheed Martin

Northrop Gruman

Raytheon

Dynetics

Surrey Satellite Technology

Axelspace

Sierra Nevada

Clyde Space

Planet Labs

Dauria Aerospace

CASC

Key Questions Addressed in this Report

What is the 10-year outlook for the global Nanosatellite and Microsatellite market?

What factors are driving Nanosatellite and Microsatellite market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Nanosatellite and Microsatellite market opportunities vary by end market size?

How does Nanosatellite and Microsatellite break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.