Global Nanosatellite And Microsatellite Market Size & Outlook
The nanosatellite and microsatellite industry worldwide is expected to reach a projected revenue of US$ 13,886.4 million by 2030. A compound annual growth rate of 23.3% is expected of the worldwide nanosatellite and microsatellite industry from 2024 to 2030.
Revenue, 2023 (US$M)
$3,211.6
Forecast, 2030 (US$M)
$13,886.4
CAGR, 2024 - 2030
23.3%
Report Coverage
Worldwide
Global nanosatellite and microsatellite market, 2017-2030 (US$M)
Related Markets
Global nanosatellite and microsatellite market highlights
- The global nanosatellite and microsatellite market generated a revenue of USD 3,211.6 million in 2023 and is expected to reach USD 13,886.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 23.3% by 2030.
- In terms of segment, microsatellites accounted for a revenue of USD 2,629.1 million in 2023.
- Microsatellites is the most lucrative mass segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 3,211.6 million |
| Market revenue in 2030 | USD 13,886.4 million |
| Growth rate | 23.3% (CAGR from 2023 to 2030) |
| Largest segment | Microsatellites |
| Fastest growing segment | Microsatellites |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nanosatellites, Microsatellites |
Other key industry trends
- In terms of revenue, the North America accounted for 45.0% of the global nanosatellite and microsatellite market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 4,630.2 million by 2030.
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Nanosatellite And Microsatellite Market Scope
Nanosatellite and microsatellite market segmentation & scope
Nanosatellite And Microsatellite Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global nanosatellite and microsatellite market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nanosatellite and microsatellite market will help companies and investors design strategic landscapes.
microsatellites was the largest segment with a revenue share of 81.86% in 2023. Horizon Databook has segmented the Global nanosatellite and microsatellite market based on nanosatellites, microsatellites covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Nanosatellite And Microsatellite Mass Outlook (Revenue, USD Million, 2017-2030)
- Nanosatellites
- Microsatellites
- Global Nanosatellite And Microsatellite Application Outlook (Revenue, USD Million, 2017-2030)
- Communication & Navigation
- Earth Observation/Remote Sensing
- Scientific Research
- Technology & Academic Training
- Global Nanosatellite And Microsatellite End-Use Outlook (Revenue, USD Million, 2017-2030)
- Government
- Defense & Security
- Commercial
- Civil
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Our clientele includes a mix of nanosatellite and microsatellite market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global nanosatellite and microsatellite market , including forecasts for subscribers. This global databook contains high-level insights into Global nanosatellite and microsatellite market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global nanosatellite and microsatellite market statistics, by regions, 2017-2030 (US$M)
Top 10 countries: Nanosatellite and microsatellite market size, 2023 (USD Million)
Top 10 countries: Nanosatellite and microsatellite market size, 2023 (USD Million)
Global nanosatellite and microsatellite market, by region, 2023 (US$M)
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