#adn satellite minisatellite et microsatellite

[bisrsrch]

The global nanosatellite and microsatellite market is gaining widespread importance owing to the rising demand for the IoT and M2M small satellite networks. Moreover, the increased utilization of COTS component is one of the key factors that may propel the market growth in the coming years.

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[bisrsrch]

The nanosatellite and microsatellite industry analysis by BIS Research projects the market to have a significant growth of CAGR 24.86% based on the values during the forecast period from 2020 to 2026. North America is expected to dominate the global nanosatellite and microsatellite market with an estimated share of 54.46% in 2019. North America, including the major countries such as the U.S., is the most prominent region for the nanosatellite and microsatellite market. The presence of major players and intense competition among them makes North America the most technologically advanced region. The companies in the region secure contracts from end users such as defense, commercial, and government agencies for manufacturing of their satellites.

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