Nanosatellite and Microsatellite Market Size, Share, Growth & Forecast

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.