Industry and News Nanosatellite And Microsatellite Market | Page 2

and constant cost reduction for nanosatellites and microsatellites. Multinational companies in the
telecom sector are taking various initiatives to offer high speed internet services by launching
constellations of nanosatellites and microsatellites. Applications such as Earth observation and
remote sensing are likely to boost up in the upcoming years.
On the basis of solution, the global market for nanosatellite and microsatellite is segmented as
hardware, software, data processing, and launch services. On the basis of application, the global
market for nanosatellite and microsatellite is segmented as navigation & mapping, scientific
research, communication, power, reconnaissance, Earth observation & remote sensing. Earth
observation is projected to be the fastest growing segment owing to growing demand for hyper-
spectral imaging system and advanced computational and communication systems.
On the basis of industry, the global Nanosatellite And Microsatellite Market is segmented as
agency, defense, non-profit, educational, energy & infrastructure, and maritime & transportation.
On the basis of band, the segmentation for global nanosatellite and microsatellite market include K-
band, X-band and Ka-Band.
On the basis of mass, the segmentation for global market for nanosatellite & microsatellite is
divided from 1kg-10kg (Nanosatellite) and 11kg-100kg (Microsatellite). Cost reduction and efficient
performance of CubeSat’s, nanosatellite with 1kg-10 kg is proliferating deeply in education, defense
& training sectors.
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On the basis of geographic segmentation, the global nanosatellite and microsatellite market spans
North America, Latin America, Europe, Asia-Pacific, Middle-East & Africa. North America dominates
the global nanosatellite and microsatellite market owing to significance of educational experiments.
Developments in space research in the country and the presence of established space research &
agencies have added to the development of nanosatellite market in U.S. regions.
APAC regions are found to be the lucrative markets for nanosatellites and microsatellites. China and
Japan have significantly added valuable contribution towards R&D in nanosatellite and