DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Nanosatellite and Microsatellite Market by Component (Hardware, Software & Data Processing, Services, Launch Services), Mass (1 kg-10 kg and 11 kg-100 kg), Application (Earth Observation & Remote Sensing), Vertical - Global Forecast to 2022" report to their offering.
The nanosatellite and microsatellite market is projected to grow from USD 1.21 Billion in 2017 to USD 3.49 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 23.7% from 2017 to 2022.
Factors such as the high demand for miniature satellites in Earth observation applications, low manufacturing cost of miniature satellites, and increased investments in nanosatellite and microsatellite technologies are expected to drive the growth of the market. The implementation of stringent regulations pertaining to the increasing number of satellites being launched can restrain the growth of the market.
Based on component, the service segment is estimated to be the largest segment of the nanosatellite and microsatellite market in 2017. Services offered by companies in the market include planning and satellite design, mission management, engineering services, science services, testing, support, and all such services needed for the efficient operation of nanosatellites and microsatellites. The growth of the services segment can be primarily attributed to the high demand for vendors of nanosatellites and microsatellites that provide support services, in addition to developing and designing miniature satellites.
- Clyde Space, Inc.
- Gs Sweden Ab (Gomspace)
- Innovative Solutions in Space
- Lockheed Martin Corporation
- Planet Labs, Inc.
- Raytheon Company
- Ruag Group
- Sierra Nevada Corporation
- Spacequest Ltd.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview And Industry Trends
6 Nanosatellite And Microsatellite Market, By Component
7 Nanosatellite And Microsatellite Market, By Mass
8 Nanosatellite And Microsatellite Market, By Application
9 Nanosatellite And Microsatellite Market, By Vertical
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
13 Key Innovators
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