North America Nanosatellite And Microsatellite Market Size & Outlook

The nanosatellite and microsatellite market in North America is expected to reach a projected revenue of US$ 5,024.1 million by 2030. A compound annual growth rate of 19.5% is expected of North America nanosatellite and microsatellite market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,444.8
Forecast, 2030 (US$M)
$5,024.1
CAGR, 2024 - 2030
19.5%
Report Coverage
North America

North America nanosatellite and microsatellite market highlights

  • The North America nanosatellite and microsatellite market generated a revenue of USD 1,444.8 million in 2023.
  • The market is expected to grow at a CAGR of 19.5% 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.
  • Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.

North America data book summary

Market revenue in 2023USD 1,444.8 million
Market revenue in 2030USD 5,024.1 million
Growth rate19.5% (CAGR from 2023 to 2030)
Largest segmentMicrosatellites
Fastest growing segmentMicrosatellites
Historical data covered2017 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationNanosatellites, Microsatellites
Key market players worldwideSierra 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, North America region accounted for 45.0% of the global nanosatellite and microsatellite market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 3,982.6 million by 2030.

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Nanosatellite And Microsatellite Market Scope

Nanosatellite and microsatellite market segmentation & scope
Nanosatellites
Microsatellites
Communication & Navigation
Earth Observation/Remote Sensing
Scientific Research
Technology & Academic Training
Government
Defense & Security
Commercial
Civil

Nanosatellite And Microsatellite Market Companies

Name Profile # Employees HQ Website

North America 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 81.79% in 2023. Horizon Databook has segmented the North America nanosatellite and microsatellite market based on nanosatellites, microsatellites covering the revenue growth of each sub-segment from 2017 to 2030.


  • North America Nanosatellite And Microsatellite Mass Outlook (Revenue, USD Million, 2017-2030)
    • Nanosatellites
    • Microsatellites
  • North America Nanosatellite And Microsatellite Application Outlook (Revenue, USD Million, 2017-2030)
    • Communication & Navigation
    • Earth Observation/Remote Sensing
    • Scientific Research
    • Technology & Academic Training
  • North America Nanosatellite And Microsatellite End-Use Outlook (Revenue, USD Million, 2017-2030)
    • Government
    • Defense & Security
    • Commercial
    • Civil

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Horizon Databook provides a detailed overview of continent-level data and insights on the North America nanosatellite and microsatellite market , including forecasts for subscribers. This continent databook contains high-level insights into North America nanosatellite and microsatellite market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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North America nanosatellite and microsatellite market size, by country, 2017-2030 (US$M)

North America Nanosatellite And Microsatellite Market Outlook Share, 2023 & 2030 (US$M)

North America nanosatellite and microsatellite market size, by country, 2017-2030 (US$M)

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