Market revenue in 2024 | USD 271.0 million |
Market revenue in 2030 | USD 822.8 million |
Growth rate | 19.9% (CAGR from 2025 to 2030) |
Largest segment | Nanosatelllite (1-10kg) |
Fastest growing segment | Nanosatelllite (1-10kg) |
Historical data | 2018 - 2023 |
Base year | 2024 |
Forecast period | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Microsatellite (10-100kg), Nanosatelllite (1-10kg) |
Key market players worldwide | Sierra Nevada Brewing, Spire Global Inc Ordinary Shares - Class A, Boeing Co, Terran Orbital Corp, GomSpace, Vector Launch, Dauria Aerospace, Innovative Solutions in Space B.V., AAC SpaceQuest, Surrey Satellite Technology Ltd. |
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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.
Nanosatelllite (1-10kg) was the largest segment with a revenue share of 96.94% in 2024. Horizon Databook has segmented the Canada nanosatellite and microsatellite market based on microsatellite (10-100kg), nanosatelllite (1-10kg) covering the revenue growth of each sub-segment from 2018 to 2030.
The Canadian Space Agency has given the opportunity to university students to participate in the Canadian CubeSat Project (CCP) in order to boost the development of small satellites. Through this initiative, the winning teams are offered unique opportunities to design and build their miniature satellite.
For instance, in May 2018, the engineering students from Memorial University received a grant to build a space satellite. Moreover, this project is expected to be launched and deployed from the International Space Station (ISS) from 2020 to 2021. Around 37 universities from Australia, Europe, and the U.S. have participated in the Canadian CubeSat Project (CCP).
Such initiatives and competitions led by local government and space agencies have increased the interest of university students towards the development of new small satellites technology, thereby boosting the industry growth.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada nanosatellite and microsatellite market , including forecasts for subscribers. This country databook contains high-level insights into Canada nanosatellite and microsatellite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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