Product Code: GVR-2-68038-230-3
Nanosatellite And Microsatellite Market Growth & Trends:
The global nanosatellite and microsatellite market size is estimated to reach USD 13,951.5 million by 2030, registering to grow at a CAGR of 22.8% from 2025 to 2030 according to a new report by Grand View Research, Inc. The upsurge in Earth observation missions and the development of Small Satellite Launch Vehicles (SSLVs) are expected to propel the growth of the market. For instance, in February 2022, EOS-04, an Earth observation satellite, was launched into a sun-synchronous polar orbit by India's Polar Satellite Launch Vehicle PSLV-C52. The satellite weighs 1,710 kg and provides high-quality photographs.
The emerging role of small satellites in the telecom sector has enabled telecom providers to accelerate 5G deployment globally, in addition to creating market opportunities for the satellite communication (Satcom) industry stakeholders. Developing small satellites for 5G deployment can particularly benefit in the form of wide-area coverage, cost-effectiveness, and reliability. Latest technologies such as new solar panel cell technology and star tracker technology are allowing providers of small satellites to strengthen their position in the broader satellite industry.
For instance, in January 2022, Sateliot, a nanosatellite and telecommunications operator based in Spain, signed a Memorandum of Understanding (MoU) with the European Space Agency, an intergovernmental organization of 22 member countries devoted to space exploration, to assess, develop, and enforce innovative products, technologies, and services with space capability using 5G. The company intends to invest approximately 100 million Euros in launching a fleet of 20 nanosatellites for 5G network design, mixed terrestrial space networks, spectrum exchange, and spectrum management.
The growth of the communications sector and the continued adoption of Internet of Things (IoT) are expected to create growth opportunities in the market. The continued adoption of IoT would particularly encourage start-ups to launch their small satellites. For instance, Hiber launched its first nanosatellite in 2019 to deliver internet connectivity to remote locations using a Hiberband modem and support potential IoT projects globally. In November 2021, Fleet Space Technologies Pty Ltd acquired USD 26 million in Series B funding to accelerate the development of its nanosatellite internet of things connectivity fleet.
The IoT nanosatellite fleet facilitates two-way communications in rural locations with inadequate mobile phone and broadband connectivity. Government support is the key factor encouraging companies to launch nanosatellites and microsatellites for communication and navigation, Earth observation, and remote sensing applications. However, frequent delays in satellite launches are leading to skepticism. Nevertheless, independent launch vehicles are being developed and low-cost sensors are being manufactured by the key companies, which is expected to help overcome the growth barriers.
Nanosatellite And Microsatellite Market Report Highlights:
- Based on mass, the nanosatellite segment led the market with the largest revenue share of 78.72% in 2024, owing to its growing deployment for various applications, particularly in Earth observation and communication.
- Based on application, the earth observation/remote sensing segment led the market with the largest revenue share of 46.96% in 2024, primarily owing to the increasing demand for high-resolution imaging and data collection capabilities offered by nanosatellites and microsatellites.
- Based on end use, the commercial segment led the market with the largest revenue share of 46.26% in 2024, driven by the increasing utilization of nanosatellites and microsatellites for various commercial applications, including telecommunications, navigation, and broadcasting.
- North America dominated the nanosatellite and microsatellite market with the largest revenue share of 43.7% in 2024.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
- 1.4. 1.4 Research Scope and Assumptions
- 1.4.1. List to Data Sources
Chapter 2. Executive Summary
- 2.1. Nanosatellite and Microsatellite Market Snapshot
- 2.2. Nanosatellite and Microsatellite Market- Segment Snapshot (1/2)
- 2.3. Nanosatellite and Microsatellite Market- Segment Snapshot (2/2)
- 2.4. Nanosatellite and Microsatellite Market- Competitive Landscape Snapshot
Chapter 3. Nanosatellite and Microsatellite Market - Industry Outlook
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's five forces analysis
- 3.4.2. Macroeconomic analysis
- 3.5. Technology Trends
Chapter 4. Nanosatellite and Microsatellite Market: Mass Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Nanosatellite and Microsatellite Market: Mass Movement Analysis, USD Million, 2024 & 2030
- 4.3. Nanosatellite
- 4.3.1. Nanosatellite Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Microsatellite
- 4.4.1. Microsatellite Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Nanosatellite and Microsatellite Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Nanosatellite and Microsatellite Market: Application Movement Analysis, USD Million, 2024 & 2030
- 5.3. Communication & Navigation
- 5.3.1. Communication & Navigation Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Earth Observation/Remote Sensing
- 5.4.1. Earth Observation/Remote Sensing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Scientific Research
- 5.5.1. Scientific Research Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Technology and Academic Training
- 5.6.1. Technology and Academic Training Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Nanosatellite and Microsatellite Market: End Use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Nanosatellite and Microsatellite Market: End Use Movement Analysis, USD Million, 2024 & 2030
- 6.3. Automotive
- 6.3.1. Automotive Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Government
- 6.4.1. Government Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Defense and Security
- 6.5.1. Defense and Security Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Commercial
- 6.6.1. Commercial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. Civil
- 6.7.1. Civil Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Regional Estimates & Trend Analysis
- 7.1. Nanosatellite and Microsatellite Market by Region, 2024 & 2030
- 7.2. North America
- 7.2.1. North America Nanosatellite and Microsatellite Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Nanosatellite and Microsatellite Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada Nanosatellite and Microsatellite Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Nanosatellite and Microsatellite Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Nanosatellite and Microsatellite Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. UK
- 7.3.2.1. UK Nanosatellite and Microsatellite Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany Nanosatellite and Microsatellite Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. France Nanosatellite and Microsatellite Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Nanosatellite and Microsatellite Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. China Nanosatellite and Microsatellite Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. Japan
- 7.4.3.1. Japan Nanosatellite and Microsatellite Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. India Nanosatellite and Microsatellite Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. South Korea Nanosatellite and Microsatellite Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6. Australia
- 7.4.6.1. Australia Nanosatellite and Microsatellite Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Nanosatellite and Microsatellite Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Nanosatellite and Microsatellite Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Nanosatellite and Microsatellite Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. UAE
- 7.6.2.1. UAE Nanosatellite and Microsatellite Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.3. Saudi Arabia
- 7.6.3.1. Saudi Arabia Nanosatellite and Microsatellite Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.4. South Africa
- 7.6.4.1. South Africa Nanosatellite and Microsatellite Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Nanosatellite and Microsatellite Market - Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles/Listing
- 8.4.1. Dauria Aerospace
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Recent Developments
- 8.4.2. GomSpace
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Recent Developments
- 8.4.3. Innovative Solutions in Space (ISIS)
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Recent Developments
- 8.4.4. Sierra Nevada Corporation (SNC)
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Recent Developments
- 8.4.5. Spire Global, Inc.
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Recent Developments
- 8.4.6. SpaceQuest Ltd.
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Recent Developments
- 8.4.7. Surrey Satellite Technology Limited (SSTL)
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Recent Developments
- 8.4.8. The Boeing Company
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Recent Developments
- 8.4.9. Tyvak Inc.
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Recent Developments
- 8.4.10. Vector Launch, Inc.
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Recent Developments