LONDON--(BUSINESS WIRE)--Technavio, a tech-focused research firm, has published a new research report on the global satellite manufacturing and launch market, which is expected to grow at a CAGR of nearly 5% from 2015-2019.
The new industry analysis report from Technavio provides detailed insights about the growing demand for satellite capabilities in military and defense applications. Sufficient satellite-based infrastructure can provide access to near-real-time information and imagery, such as in aerial reconnaissance operations.
“A lot of growth in this segment is due to the advent of all-electric propulsion systems such as micro-thrusters, which can be used for the propulsion of nano and microsatellites. They minimize the launch mass by eliminating the need for large amounts of fuel, enabling the maximum use of available payload,” says Faisal Ghaus, Vice President of Technavio.
The latest Technavio report emphasizes the development of reusable space launch vehicles. This new breed of vehicle can substantially reduce costs in the market, if these rockets can be effectively used for multiple missions. Several companies have been working to develop reusable space launch vehicles that can re-enter the Earth's atmosphere without burning and return to the launch pad for a vertical landing.
Technavio currently has more than 3000 market research reports on a huge range of topics, including:
- Global Satellite-based Earth Observation Market 2015-2019
- Satellite-based Earth Observation Services Market in the US 2015-2019
Technavio is a leading global technology research and advisory company.
Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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