The Nanosatellite and Microsatellite Market can exist independently, but the playing fields are the same. For example, there are applications in communication, earth observation, remote sensing, biological experiments, scientific research, academic training, space science and intelligence among various others. Among all applications of Nano and microsatellites, earth observations and remote sensing is expected to account for highest market share by 2019. br br Few high growth markets are:- br br • Software and data processing: Software packages as well as data processing suites that are required for accepting and extracting actionable information from the raw satellite data at the ground station br • Nano satellites: Satellites in the range of 1kg to 10kgs br • Earth observation and remote sensing: Disaster monitoring application such as cyclones, storms, floods, fires, volcanic activities, earthquakes, landslides, oil slicks, environmental pollution, industrial andor power plant disaster among various others br • Commercial: Nano and Microsatellites built and used for commercial purposes br br br Complete report is available @ .