The global nanosatellite and microsatellite market size reached US$ 3.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 12.6 Billion by 2032, exhibiting a growth rate (CAGR) of 16.9% during 2024-2032. Despite their small size, nanosatellites are equipped with various subsystems, such as power systems, communication systems, and onboard computers, enabling them to perform specific missions in space.
