Global Nanosatellite and Microsatellite Market study includes In-depth Analysis of the market by latest technologies, trends, opportunities, challenges, key players and business strategies considering types, segment, and future analysis. The Nanosatellite and Microsatellite Market Report Provides Growth History, Sales Channel, Manufacturers Profiled in Nanosatellite and Microsatellite Business, Market Share of Product, Application and Regional Scope of Nanosatellite and Microsatellite which makes the research report a helpful resource for marketing people, forecasters, industry executives & consultants, sales, product managers, Strategy Advisor, potential investors to understand the present as well as future market size, situations in terms of growth rate and revenue. This report will help the viewer in Better Decision Making.
Global Nanosatellite and
Microsatellite Market is anticipated to reach USD 4.97 billion by 2025.
Nanosatellites and microsatellites (NaM) are mostly used for observing the
earth, communication, and to serve space research purposes. In addition,
Nanosatellites and Microsatellites find their applications in Defense and
Military verticals for commercial purposes. Nanosatellites and microsatellites
are mostly used for scientific objectives, and research requirements on a large
scale. They are low-cost satellites.
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The factors that propel the
growth of the Nanosatellite and Microsatellite industry include high demand for
miniature satellites to study the earth, increased investments in nanosatellite
and microsatellite technologies, and low manufacturing cost of miniature
satellites. The market is estimated to grow at a significant CAGR in the
forecast period as the scope, product types, and its applications are growing
across the globe.
The market may be explored
by component, mass, vertical, application, and geography. The key components
that could be explored in the Nanosatellite and Microsatellite market include
Service, Launch Service, Hardware, and Software and Data Processing. The
“Software and Data Processing” segment led the market in 2016 and is
anticipated to maintain its dominance by 2025 as data and software processing
is important to extract illegal information from raw data found from miniature
satellites.
The Nanosatellite and
Microsatellite industry could be explored based on mass as 11 Kg-100 Kg
(Microsatellite), and 1 Kg-10 Kg (Nanosatellite). The key Applications that
could be explored in the market include Earth Observation and Remote Sensing,
Communication, Scientific Research, Academic Training, Biological Experiments,
Technology Demonstration and Verification, Reconnaissance, and Mapping and
Navigation. The “Earth Observation and Remote Sensing” segment led the
Nanosatellite and Microsatellite Market in 2016 and is anticipated to maintain
its dominance by 2025.
The key verticals that
could be explored in the Nanosatellite and Microsatellite industry include
Commercial, Government, Energy and Infrastructure, Civil, Defense, and Maritime
and Transportation. The “Commercial” segment led the market in 2016 and is
anticipated to maintain its dominance by 2025 due to increased demand for data
in agriculture, mining, finance.
North America accounted for
the major share of the Nanosatellite and Microsatellite Market Size in 2016 and
will continue to lead in the forecast period. The factors that could be
attributed to the growth include increase in the demand for these satellites
from different end-use segments such as research organizations,
telecommunications, and military & defense. Further, the rising demand from
the military segment is anticipated to influence industry development in the
forecast period.
Some of the key players
that fuel the growth of the Nanosatellite and Microsatellite industry comprise
Raytheon Company, Planets Labs Inc., Space Quest Ltd., Skybox Imaging, Inc.,
Sierra Nevada Corporation, Innovative Solutions in Space, Clyde Space Ltd.,
GomSpace, RUAG Group, and Lockheed Martin Corporation. The leading companies
are taking up partnerships, mergers and acquisitions, and joint ventures in order
to boost the inorganic growth of the industry.
Table of
Contents
Chapter 1 Nanosatellite
and Microsatellite Market Overview
1.1 Nanosatellite
and Microsatellite Definition
1.2 Nanosatellite
and Microsatellite Market Size Status and Outlook (2014-2025)
1.3 Global Nanosatellite
and Microsatellite Market Size Comparison by Region (2014-2025)
1.4 Global Nanosatellite
and Microsatellite Market Size Comparison by Type (2014-2025)
1.5 Global Nanosatellite
and Microsatellite Market Size Comparison by Application (2014-2025)
1.6 Global Nanosatellite
and Microsatellite Market Size Comparison by Sales Channel (2014-2025)
1.7 Nanosatellite
and Microsatellite Market Dynamics
1.7.1 Market
Drivers/Opportunities
1.7.2 Market
Challenges/Risks
1.7.3 Market News
(Mergers/Acquisitions/ Expansion)
Chapter 2 Nanosatellite
and Microsatellite Market Segment Analysis by Player
Chapter 3 Nanosatellite
and Microsatellite Market Segment Analysis by Type
And Continue…
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