Nanosatellite and
Microsatellite are typically weighted around 1kg to 10kgs and 11kgs to 100kgs
respectively. In last ten years, technological advances in miniaturization of
space technology have made microsatellite and nanosatellite, potentially and
economically more feasible for extensive usage in government, civil,
commercial, and military purposes. The cost effectiveness and the increasing
usage of hi-tech space missions have been attracting new entrants in space
programs to develop their expertise in space technology.
Browe Full Report with TOC:
Continual reduction in
the cost of micro satellites and Nano satellites and growth in investments from
Silicon Valley, are the major drivers behind augmented traction of the
microsatellite and nanosatellite market. Integration of latest, hi-tech, and
commercial-off-the-shelf electronic circuits is increasing capabilities of
nanosatellite and microsatellite, boosting the demand of such satellites at a
rapid pace. Future space programs by organizations such as NASA, DARPA, NRO,
NSF and others universities are anticipated to further fuel the market. Initial
investment in this domain is one of the major challenges for this market. Thus,
right investment with economically feasible and profitable area plays major
role for success in this industry.
Several private and
commercial ventures have started investing in space programs to capitalize on
the opportunities offered through these low-cost small satellite missions
related to remote-sensing, earth-observation, communication, and many others.
Commercial sector is anticipated to be the largest contributor for
Microsatellite and Nano satellite in near future.
Some of the key players
operating in this market include Gomspace, Lockheed Martin Corp., Geooptics
Inc, Clyde Space ltd, Raytheon, Northrop Grumman Corp., Ruag, Sierra Nevada
Corporation, Planet Labs, and Surrey Satellite Technologies Limited.
This research report
analyzes this market depending on its market segments, major geographies, and
current market trends. Geographies analyzed under this research report
include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides
comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This report is a
complete study of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
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