Comment: Innovative capabilities of the microsatellites – Gulf Digital News

Comment: Innovative capabilities of the microsatellites – Gulf Digital News

Microsatellites have always been an area of significant interest considering the multiple capabilities they present and the variety of purposes it serves.

The microsatellite market was valued at around $2 billion in 2020 and is projected to be valued at around $9bn by 2030.

What makes microsatellites more attractive over standard satellites are price, size, weight, and the vast array of applications they can be used for, such as communication, commercial purposes, research, and studies.

Many players in the microsatellite market have been advocating for the increased production and launch of microsatellites due to their rapid developmental cycles, increased capability of executing complex technological processes and lightweight attributes.

However, there are still limitations such as governmental regulations and the ambiguity and confusion of microsatellites over standard satellites.

The microsatellite market is composed of multiple sectors and market players, which include commercial, government, military, and civil end-users, and there has been a large increase in demand for microsatellites from these market players, and this is presenting very rewarding growth opportunities for the stakeholders.

The market has been growing significantly across North America, Europe, Asia-Pacific, and it has now started spanning across the Middle East and North Africa region, specifically the GCC where countries such as Bahrain, Saudi