India Nanosatellite And Microsatellite Market Size & Outlook
India nanosatellite and microsatellite market, 2017-2030 (US$M)
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India nanosatellite and microsatellite market highlights
- The India nanosatellite and microsatellite market generated a revenue of USD 73.8 million in 2023 and is expected to reach USD 505.0 million by 2030.
- The India market is expected to grow at a CAGR of 31.6% from 2024 to 2030.
- In terms of segment, microsatellites was the largest revenue generating mass in 2023.
- Microsatellites is the most lucrative mass segment registering the fastest growth during the forecast period.
Nanosatellite and microsatellite market data book summary
| Market revenue in 2023 | USD 73.8 million |
| Market revenue in 2030 | USD 505.0 million |
| Growth rate | 31.6% (CAGR from 2023 to 2030) |
| Largest segment | Microsatellites |
| Fastest growing segment | Microsatellites |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nanosatellites, Microsatellites |
| 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. |
Other key industry trends
- In terms of revenue, India accounted for 2.3% of the global nanosatellite and microsatellite market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China nanosatellite and microsatellite market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 505.0 million by 2030.
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Nanosatellite And Microsatellite Market Scope
Nanosatellite And Microsatellite Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 84.28% in 2023. Horizon Databook has segmented the India nanosatellite and microsatellite market based on nanosatellites, microsatellites covering the revenue growth of each sub-segment from 2017 to 2030.
The Indian Space Research Organization (ISRO) and Antrix are planning to engage with private entities for the launch of their Small Satellite Launch Vehicles (SSLV). This SSLV's launch is expected to commence in the middle of 2019. Moreover, ISRO is developing a PSLV launch vehicle for small satellites that are anticipated to be launch by 2021.
This small satellite launch vehicle is capable of carrying 500 kg to 700 kg to LEO and will cost 1/10th of the normal PSLV. This Small Satellite Launch Vehicles (SSLV) is expected to provide cost-effective small satellite launch options in India, which aids to boost the development and launches of small satellites in the coming years.
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India nanosatellite and microsatellite market , including forecasts for subscribers. This country databook contains high-level insights into India nanosatellite and microsatellite market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India nanosatellite and microsatellite market size, by mass, 2017-2030 (US$M)
India Nanosatellite And Microsatellite Market Outlook Share, 2023 & 2030 (US$M)
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