Nanosatellite and Microsatellite Market Revenue, Growth Factors, Trends BY 2030

1. Nanosatellite and Microsatellite Market Size Worth USD 7.13 Billion by 2028 www.emergenresearch.com Rising demand for miniature devices, increasing use of remote sensor devices, and major evolution in technologies in space vehicles are key factors driving market growth. . 2

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5. Market Summary The Global Nanosatellite And Microsatellite Market size is expected to reach USD 7.13 Billion at a steady CAGR of 19.8% in 2028, according to latest analysis by Emergen Research. Increasing demand for improved communications and services and growing traction of Internet of Things are some key factors driving growth of the global nanosatellite and microsatellite market. Nanosatellite and microsatellite launches are low-risk and have a high success rate. Satellite launches are carried out by government agencies, private companies, as well as others. Overall cost of launches are substantially lower than conventional satellite launches due to reduced size and mass of payloads. Miniature satellites are currently being deployed in low earth orbit for remote sensing and communication. Technological advancements in nanosatellite and microsatellite are expected to further result in more advanced systems going ahead. Small  size and mass, and easy and cost-effective launch and deployment, and high success rate are some key factors driving market growth. Increasing adoption of IoT-based device platforms for monitoring earth, mapping, and navigation is another factor boosting market growth. Read More : https://www.emergenresearch.com/industry-report/nanosatellite-and-microsatellite-market www.emergenresearch.com

6. Market Summary Some Key Highlights in the Report In August 2020, Alén Space partnered with Orbital Transports for their Nanosatellite and Microsatellite products consisting of SmallSat Catalog. This acquisition is expected to help in the nanosatellite and microsatellite application of Emerson for commercial and defense purposes. Application segment revenue is expected to grow at the fastest rate over the forecast period. Applications of nano satellite include for communications, Earth monitoring, and remote sensing. Among the vertical segments, has commercial segment accounted for largest revenue share in the market, driven by increasing deployment of nanosatellites and microsatellites for commercial applications. North America accounted for maximum revenue share in 2020 and expected to continue to account for majority revenue share over the forecasted period. This can be attributed to rapidly growing communication channels and rising data volumes driven by increasing number companies and sectors going digital. Major companies operating in the global nanosatellite and microsatellite market include Planet Labs, Innovative Solutions in Space, Space Quest, D-Orbit, Deep Blue Globe, DHV Technology, Berlin Space Technology, ADASPACE, Adaptive Lunch Solution, and Alén Space. Request Free Sample : https://www.emergenresearch.com/request-sample/553 www.emergenresearch.com

7. Market Summary Emergen Research has segmented the global nanosatellite and microsatellite market based on component, application, vertical, and region: Component Outlook (Revenue, USD Billion; 2021–2028) Solar Panel Onboard Computers Power System Antennas Sensors and Actuators Thermal Control System Application Outlook (Revenue, USD Billion; 2021–2028) Communication Earth Monitoring Scientific Research Biological Research Mapping and Navigation Academic Training Request customization of the report @ https://www.emergenresearch.com/request-for-customization/553

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9. Regional Share Dynamics www.emergenresearch.com

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