Nanosatellite is an artificial satellite. It has a wet mass that ranges from 1 kg (2.2 lb) to 10 kg (22.0 lb). These are usually bunched together in a group of multiple nanosatellites in the designs proposed for their applications. These are also designed into formations for working, which are sometimes termed as fractionated spacecraft or satellite swarms. Some of the designs involve a comparatively larger satellite, known as the mother satellite and these are used in communicating with the ground controllers and to launch and dock with nanosatellites.

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The global market for nanosatellite is estimated to increase at a higher compound annual growth rate (CAGR) during the forecast period of 2016-2024. The application of nanosatellites in diverse fields and industries has been the market driving factor for this. This developmental result has proved to be a more feasible option over large satellite which has led to the expansion of the market industry for nanosatellite. The market has witnessed a substantial growth lately but one challenge that this market has been facing is the economic delivery of this technology to any place which is beyond the orbit of low Earth.

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Nanosatellite has emerged as a well-accepted technology in the recent times. The use of nanosatellites is growing with their increased capability to perform missions on the commercial level which were formerly performed by microsatellites. This is the result of the ever going developments and advancements in the capability and miniaturization of electronic technology and the increased applications of constellations of satellites.This technology has allowed more nations have satellites of their own for purposes like collection of non-disaster (off peak) imaging data. Advancements in technology have improved miniaturization and the capital required for supporting the initiatives of private spaceflights has also increased in the past decade. Due to these a number of startups were encouraged to pursue the available opportunities regarding development of many Nanosatellite Launch Vehicle (NLV) technologies which are small payload ones. There exists a list of NLVs which have been proposed or are under the process of development. Nanosatellite has proved to an area of emerging disruptive technology which provides a wide scope of applications in the fields of communications and radio frequency (RF). These scopes are still under study. However, by now it’s very clear that the technology proves to be tremendously beneficial in a wide number of space related applications.


Nanosatellite is yet another gift offered by the technological advancements and has been utilized in numerous fields. The ongoing development and research works are still adding to its popularity, hence driving the global market for nanosatellites.