The global market for nano and micro satellite is expected to grow at a robust pace on account of the rising demand for miniature satellites. The swift adoption of new technologies across several industries has played a major role in propelling demand within the market. The applications of nano and micro satellites spill across a wide array of fields, which is a positive standpoint from the perspective of the market.
Moreover, recent initiatives to device better satellites has also ... Read more
The global market for nano and micro satellite is expected to grow at a robust pace on account of the rising demand for miniature satellites. The swift adoption of new technologies across several industries has played a major role in propelling demand within the market. The applications of nano and micro satellites spill across a wide array of fields, which is a positive standpoint from the perspective of the market.
Moreover, recent initiatives to device better satellites has also ... Read more
Global Nano and Micro Satellite Market Report Information by Purpose (Earth Observation/ Remote Sensing, Science/R&D, Communications, and Military Reconnaissance), by End-user (Commercial, Civil / Government, and Military), and by Region - Forecast To 2023.
Market Scenario
Nano and microsatellites are downsized forms of satellites and weigh between 1-10 kg and 10-100 kg, respectively. They are the fastest growing market in the satellite ... Read more
The global market for nano and micro satellite is expected to grow at a robust pace on account of the rising demand for miniature satellites. The swift adoption of new technologies across several industries has played a major role in propelling demand within the market. The applications of ... Read more
The Global Nano and Micro Satellite Market Is Expected to Grow at A CAGR Of Around 24% During 2016-2021. This growth is driven due to significant increase in demand for commercial application, low cost of nano and micro satellite, and increased utilization for military and defense areas.
Commercial application account approx. 60% of the market share as of 2015. Civil and Government application will see significant growth in the forecast period.
