The Nanosatellite And Microsatellite Global Market Report 2023, provides comprehensive information on the nanosatellite and microsatellite market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Nanosatellite And Microsatellite Market’s Growth:
As per The Business Research Company’s Nanosatellite And Microsatellite Global Market Report 2023, the market size is expected to grow from $2.11 billion in 2022 to $2.52 billion in 2023 at a compound annual growth rate (CAGR) of 19%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global nanosatellite and microsatellite market size is expected to reach $4.88 billion in 2027 at a CAGR of 18%.
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Product innovations are a key trend gaining popularity in the nanosatellites and microsatellites market. Major companies operating in the satellites market are focused on bringingadvancements in technologies that strengthens their position in the market. For instance, in September 2020, the Luxembourg Space Agency, the national space agency of the Grand Duchy of Luxembourg, launched and assembled the ESAIL microsatellite, the first high-performance microsatellite of its kind. ESAIL will track ships around the world by detecting messages that ships radio send using their autonomous identification systems (AIS). This allows marine, government, and business officials to monitor fisheries, fleets, the environment, and security, making the waters safer.
The nanosatellite and microsatellite market is segmented:
1) By Component: Launch Services, Hardware, Software And Data Processing, Space Services
2) By Mass: Nanosatellites (1 kg- 10kg), Microsatellites (11kg- 100 kg)
3) By Application: Communication, Reconnaissance, Scientific Research, Earth Observation And Remote Sensing, Biological Experiments, Academic Training, Technology Demonstration And Verification, Mapping And Navigation
4) By Vertical: Government, Defense, Maritime And Transportation, Civil, Commercial, Energy And Infrastructure
North America was the largest region in the nanosatellite and microsatellite market in 2022.
The table of contents in TBRC’s nanosatellite and microsatellite market report includes:
1. Executive Summary
2. Nanosatellite And Microsatellite Market Characteristics
3. Nanosatellite And Microsatellite Market Trends And Strategies
4. Nanosatellite And Microsatellite Market – Macro Economic Scenario
5. Nanosatellite And Microsatellite Market Size And Growth
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26. Africa Nanosatellite And Microsatellite Market
27. Nanosatellite And Microsatellite Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Nanosatellite And Microsatellite Market
29. Nanosatellite And Microsatellite Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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