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The Global Nanosatellite And Microsatellite Market size is expected to reach $8 billion by 2028, rising at a market growth of 22.3% CAGR during the forecast periodNEW YORK, Nov. 28, 2022 /PRNewswire/ -- The Global Nanosatellite And Microsatellite Market size is expected to reach $8 billion by 2028, rising at a market growth of 22.3% CAGR during the forecast period. Monitoring agricultural fields, spotting climate changes, disaster preparedness, meteorology, and other areas are all covered by earth observation services. With the ability to use images for a variety of tasks, including precision management of water, land, and forest resources, the need for Earth imaging with high-resolution has expanded across verticals. Space-based insights can be very helpful for catastrophe management both before and after the occurrence. Market Restraining Factors Government laws that are too strict impede growth. The development of the small satellite habitat and industry is influenced directly or indirectly by national and international policies. There isn't currently a thorough domestic or global on-orbit regulation framework. There are rules governing the spectrum and remote sensing satellite launches and re-entry like Space Situational Awareness (SSA), rendezvous & proximity operations, or RF mapping but there are none governing on-orbit operations. Mass Outlook Mass Based on mass, the nanosatellite and microsatellite market is bifurcated into nanosatellites and microsatellites. The nanosatellite segment garnered the highest revenue share in the nanosatellite and microsatellite market in 2021. The increase is attributable to the expanding use of nanosatellites for earth monitoring missions. The information provided by earth observation satellites has been found to be incredibly useful for applications such as enhancing water management, monitoring refugee populations, conducting relief operations, and bolstering national defense. Application Outlook On the basis of application, the nanosatellite and microsatellite market is divided into communication & navigation, earth observation/remote sensing, scientific research, and technology & academic training. The communication and navigation segment recorded a substantial revenue share in the nanosatellite and microsatellite market in 2021. Smallsats are increasingly used for communication and navigation as a result of the rising popularity of cutting-edge services like Internet Protocol Television (IPTV) and Over-The-Top (OTT) services. In addition, miniature communication satellites are meticulously developed for great performance. End Use Outlook Based on end use, the nanosatellite and microsatellite market is categorized into government, defense & security, commercial, and civil. The commercial segment procured the maximum revenue share in the nanosatellite and microsatellite market in 2021. This is due to a surge in broadcasting, communication, and navigation operations. Small satellites have become a potential investment for private firms owing to their speedier production and potential to be deployed for commercial usage. Regional Outlook On the basis of region, the nanosatellite and microsatellite market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment acquired the highest revenue share in the nanosatellite and microsatellite market in 2021. The expansion is attributable to increased spending on space-related activities. NASA, for instance, assigns a specified expenditure for space-related activities such as space technology, science, aeronautics, exploration, as well as other space operations each year. The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dauria Aerospace, GomSpace Group AB, ISISPACE Group, Sierra Nevada Corporation (SNC), Spire Global, Inc., AAC Clyde Space, Surrey Satellite Technology Limited (SSTL), The Boeing Company, and Tyvak International Scope of the Study Market Segments covered in the Report: By End-Use • Commercial • Government • Defense & Security • Civil By Application • Earth Observation/Remote Sensing • Communication & Navigation • Scientific Research • Technology & Academic Training By Mass • Nanosatellites • Microsatellites By Geography • North America o US o Canada o Mexico o Rest of North America • Europe o Russia o UK o France o Germany o Spain o Italy o Rest of Europe • Asia Pacific o China o Japan o India o South Korea o Singapore o Malaysia o Rest of Asia Pacific • LAMEA o Brazil o Argentina o UAE o Saudi Arabia o South Africa o Nigeria o Rest of LAMEA Companies Profiled • Dauria Aerospace • GomSpace Group AB • ISISPACE Group • Sierra Nevada Corporation (SNC) • Spire Global, Inc. • AAC Clyde Space • Surrey Satellite Technology Limited (SSTL) • The Boeing Company • Tyvak International Unique Offerings • Exhaustive coverage • Highest number of market tables and figures • Subscription based model available • Guaranteed best price • Assured post sales research support with 10% customization free Read the full report: https://www.reportlinker.com/p06364633/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker |