The global Nanosatellite and Microsatellite market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Nanosatellite and Microsatellite market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Nanosatellite and Microsatellite market
Increasing demand for improved communications and services and growing traction of Internet of Things are some key factors driving growth of the global nanosatellite and microsatellite market. Nanosatellite and microsatellite launches are low-risk and have a high success rate. Satellite launches are carried out by government agencies, private companies, as well as others. Overall cost of launches are substantially lower than conventional satellite launches due to reduced size and mass of payloads. Miniature satellites are currently being deployed in low earth orbit for remote sensing and communication.
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Some Key Highlights in the Report:
- In August 2020, Alén Space partnered with Orbital Transports for their Nanosatellite and Microsatellite products consisting of SmallSat Catalog. This acquisition is expected to help in the nanosatellite and microsatellite application of Emerson for commercial and defense purposes.
- Application segment revenue is expected to grow at the fastest rate over the forecast period. Applications of nano satellite include for communications, Earth monitoring, and remote sensing.
- Among the vertical segments, has commercial segment accounted for largest revenue share in the market, driven by increasing deployment of nanosatellites and microsatellites for commercial applications.
Regional Overview:
The global Nanosatellite and Microsatellite market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Nanosatellite and Microsatellite market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Leading companies profiled in the report:
Planet Labs, Innovative Solutions in Space, Space Quest, D-Orbit, Deep Blue Globe, DHV Technology, Berlin Space Technology, ADASPACE, Adaptive Lunch Solution, and Alén Space.
Emergen Research has segmented the global nanosatellite and microsatellite market based on component, application, vertical, and region:
Component Outlook (Revenue, USD Billion; 2021–2028)
- Solar Panel
- Onboard Computers
- Power System
- Antennas
- Sensors and Actuators
- Thermal Control System
Application Outlook (Revenue, USD Billion; 2021–2028)
- Communication
- Earth Monitoring
- Scientific Research
- Biological Research
- Mapping and Navigation
- Academic Training
Vertical Outlook (Revenue, USD Billion; 2021–2028)
- Defense
- Government
- Commercial
- Civil
- Broadcasting
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Key point summary of the report:
- The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
- Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
- The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
- The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Outlook of Nanosatellite and Microsatellite Market:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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