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LEO Nanosatellite and Microsatellite Market Share

Report ID: GMI12175
Published Date: Nov 2024
Report Format: PDF

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LEO Nanosatellite and Microsatellite Market Share

LEO Nanosatellite and Microsatellite Market Analysis, 2023

Planet Labs Inc. utilizes a constellation of small satellites to capture high-resolution imagery of Earth's surface. Their technology finds applications in environmental monitoring, agriculture, and urban development. With frequent and accessible satellite data, Planet Labs empowers organizations to make informed decisions using real-time insights.

Spire Global operates a network of microsatellites, collecting data for weather forecasting, maritime, and aviation sectors. Their capabilities facilitate global tracking and monitoring, boosting operational efficiency and safety. Meanwhile, Sierra Nevada Corporation enhances this domain by developing advanced satellite systems and innovative payloads, strengthening the ecosystem for small satellite applications and responsive space technologies.

LEO Nanosatellite and Microsatellite Market Companies

Major players operating in the LEO nanosatellite and microsatellite industry are:

AAC Clyde Space
Alen Space
Axel Space
Beyond Gravity
C3S
Clyde Space
Dauria Aerospace
Exolaunch
Gauss
GomSpace
L3Harris Technologies
Lockheed Martin Corporation
Millennium Space Systems
NanoAvionics
Northrop Grumman Corporation
OHB SE
Planet Labs Inc.
Raytheon Technologies Corporation
Sierra Nevada Corporation
Sky and Space Global
Spire Global Inc.
Surrey Satellite Technology Ltd.
Thales Group
Tyvak Nano-Satellite Systems Inc.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The global market size for LEO nanosatellite and microsatellite was valued at USD 2.1 billion in 2023 and is expected to reach USD 7.6 billion by 2032, driven by a CAGR of 15.6% from 2024 to 2032.

The communication and IoT segment accounted for 61.3% of the market share in 2023, driven by the increasing demand for enhanced global connectivity and services.

The North America market held a 34.8% share in 2023, driven by robust government and private sector investments in satellite technology.

Major players in the industry include AAC Clyde Space, Alen Space, Axel Space, Beyond Gravity, C3S, Clyde Space, Dauria Aerospace, and Exolaunch.