There is a considerable excitement in the space community about the possibility of performing useful missions in space using vehicles that are much smaller in size than current spacecrafts. Lower cost and new type of missions made of this small satellite very attractive for future missions. Spacecraft in the mass range of 1 to 10 kilograms are often referred to as “nanosatellites”. However, the suite of useful missions for nanosatellite is limited by the dearth of space components of suitable scale. Present day nanosatellites are often drifting, uncontrolled packages of instrumentation of very limited capability. The vital subsystem functions of propulsion, power conversion and storage, attitude control, attitude sensing, data storage, command and data handling, and telemetry, tracking and control, are not well supported by these components availability of a number of small, low-cost nanosatellite components in these subsystem areas. This paper introduces the advances on applications based on piezoelectric transformers for nanosatellites.