Nanosatellite and Microsatellite Market Size, Share, Growth

Gmi Research21 Feb, 2023Technology

Nanosatellite and Microsatellite Market was valued at USD 1.9 billion in 2021 and is estimated to hit USD 8.1 billion in 2029 growing at a very high CAGR of 19.8% from 2022-2029. The factors driving growth of the Nanosatellite and Microsatellite Market includes increase in Government?s funding on space exploration programs, growing demand for low-cost broadband services, rising application of nanosatellite and microsatellites in civil engineering, defense & intelligence and transport sectors and improvements in the living standards.