Global Nanosatellite and Microsatellite Market [Updated: 01-04-2017]
Published by Progressive Markets: 01 Apr 2017 | 601794 | In Stock
The demand for nanosatellite and microsatellite has increased owing to increase in pace of earth observation, space research, and communication. Nanosatellites weigh 1 kg to 10 kg, and microsatellites weigh from11kgs to 100kgs. The factors such as small size and weight of these satellites make them more cost-effective and feasible for usage for civil, commercial, government, and military purposes. Global nanosatellite and microsatellite market is expected to grow at a CAGR of around 22% from 2017 to 2025.
Based on applications, market is segmented into astronomy, security & surveillance, research & education, communication, navigation & mapping, remote sensing, and others. By solution, it is divided into platform, software, and services. Various end-users included in the report are government, aerospace & defense, and others. Geographical breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
Reduced manufacturing cost
Integration of hi-tech commercial off-the-shelf electronic circuits
Delay in launches
The top players in the global nanosatellite and microsatellite market include Clyde Space, GomSpace, Lockheed Martin, Innovative Solutions in Space, Planet Labs, Raytheon, RUAG, Sierra Nevada Corporation, Space Quest, and Skybox Imaging.
Global Nanosatellite and Microsatellite Market
Security & surveillance
Research & education
Navigation & mapping
Aerospace & defense
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
This report is published by Progressive Markets
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