Nanosatellite And Microsatellite Market Worth $13.89 Billion By 2030
Nanosatellite And Microsatellite Industry Overview The global nanosatellite and microsatellite market size is expected to reach USD 13.89 billion by 2030, growing at a CAGR of 23.3% from 2022 to 2030, according to a new report by Grand View Research, Inc. The upsurge in Earth observation missions and the development of Small Satellite Launch Vehicles (SSLVs) are expected to propel the growth of the market. For instance, in February 2022, EOS-04, an Earth observation satellite, was launched into a sun-synchronous polar orbit by India's Polar Satellite Launch Vehicle PSLV-C52. The satellite weighs 1,710 kg and provides high-quality photographs. Nanosatellite And Microsatellite Market Segmentation Grand View Research has segmented the global nanosatellite and microsatellite market based on mass, application, end-use, and region: B ased on the Mass Insights, the market is segmented into Nanosatellites and Microsatellites The nanosatellites segment ac...