Nanosatellite and Microsatellite Market Share Reach USD 8.69 Billion by 2030
๐๐๐ง๐จ๐ฌ๐๐ญ๐๐ฅ๐ฅ๐ข๐ญ๐ ๐๐ง๐ ๐๐ข๐๐ซ๐จ๐ฌ๐๐ญ๐๐ฅ๐ฅ๐ข๐ญ๐ ๐๐๐ซ๐ค๐๐ญ by End User (Civil, Government, Commercial, and Military), Application (Communications, Earth Observation, Space Science, Technology Demonstration, and Technology Development), and Orbit Type (Non-Polar Inclined, Polar, and Sun-Synchronous): Global Opportunity Analysis and Industry Forecast, 2021-2030." As per the report, the global nanosatellite and microsatellite industry was accounted for $2.23 billion in 2020, and is expected to reach $8.69 billion by 2030, growing at a CAGR of 14.9% from 2021 to 2030.๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/request-sample/A07491
Market Dynamics
The growth of the global nanosatellite and microsatellite market is attributed to the lightweight characteristics, high capability of executing complex computing activities, shorter development cycles, and cheaper development and launch costs of these satellites which make them ideal for communication, commercial, and space research. Furthermore, the increase in demand for making small satellites as per the CubeSat standards is expected to create wide opportunities for the market in the coming years. Moreover, nanosatellites and microsatellites are increasingly launched into orbit for various scientific research and commercial applications which is expected to foster the growth of the market over the analysis timeframe.
๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
The key players that operate in the global nanosatellite and microsatellite market include AAC Clyde Space AB, Astro Digital, Gomspace, L3Harris Technologies, Inc., Lockheed Martin Corporation, Planet Labs Inc., Sierra Nevada Corpporation, Surrey Satellite Technology Ltd., Swarm Technologies Inc., and Tyvak Nano-Satellite Systems, Inc
Emerging Trends in the Global Nanosatellite and Microsatellite Market
Recently, nanosatellites and microsatellites have gained immense popularity due to their increasing potential in altering society and industries. These satellites can be integrated seamlessly with many devices with sensing, identification, processing, actuation, and networking capabilities. On the other hand, researchers are increasingly focusing on miniaturizing satellite components to further reduce the size, weight, and cost of nanosatellites and microsatellites. Additionally, the increase in demand for nanosatellite and microsatellite technology for various space missions, communications, and remote sensing purposes is expected to pave the way for more accessible and affordable satellite solutions for a wide range of applications.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/nanosatellite-and-microsatellite-market/purchase-options
Segmentation Analysis of the Global Nanosatellite and Microsatellite Market
The report offers a broad segmentation of the global smart parking market based on application, end user, orbit type, and region. It also highlights the fastest growing and highest revenue generating segments among each category. This factor assists frontrunners as well as new entrants to make profitable investment decisions.
Based on end-user, the market is segmented into civil, government, commercial, and military. By application, the market is divided into communications, earth observation, space science, technology demonstration, and technology development. Based on orbit type, the market is classified as non-polar inclined, polar, and sun synchronous. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A07491
By end users, the commercial segment contributed to more than three-fourths of the global nanosatellite and microsatellite market revenue in 2020, and is projected to maintain the lion's share from 2021 to 2030. This is due to high demand for nanosatellites and microsatellites for various commercial applications. Moreover, this segment would cite the fastest CAGR of 15.6% by the end of 2030. The report also includes analysis of civil, government, and military segments.
๐๐๐ ๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐
By end user, the commercial segment is expected to register a significant growth during the forecast period.
By application, the communications segment is anticipated to exhibit significant growth in future.
By orbit type, the sun-synchronous segment is projected to lead the global nanosatellite and microsatellite market.
Region wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐๐ฒ ๐๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Commercial Satellite Imaging Market - https://www.globenewswire.com/en/news-release/2022/07/05/2473695/0/en/Commercial-Satellite-Imaging-Market-to-Surpass-9-2-Billion-by-2031-Allied-Market-Research.html
Small Satellite Market - https://www.prnewswire.com/news-releases/small-satellite-market-to-reach-13-71-billion-globally-by-2030-at-16-4-cagr-allied-market-research-301471345.html
Aerial Imaging Market - https://www.globenewswire.com/en/news-release/2021/12/09/2348758/0/en/Aerial-Imaging-Market-to-Garner-8-51-Billion-by-2030-Allied-Market-Research.html
Military Simulation and Training Market - https://www.globenewswire.com/en/news-release/2021/11/18/2336989/0/en/Military-Simulation-and-Training-Market-to-Garner-20-58-Billion-by-2030-Allied-Market-Research.html
๐๐จ๐ง๐ญ๐๐๐ญ:
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