DUBLIN--(BUSINESS WIRE)--The "Global Nano- and Micro satellite Market - Market Forecast and Analysis (2018 - 2023)" report has been added to Research and Markets' offering.
The global nano- and microsatellite market is expected to register a CAGR of 23.5% during 2017-2022
Nano and micro satellites range between 1-10 kg and 10-100 kgs, respectively. These satellites are the fastest growing segments in the satellite industry. Their ease to build and lower operating and manufacturing costs are making them immensely popular in, both, civilian and military applications. The factors driving this business sector include diminishing manufacturing, launching costs, increased investment in R&D by both public and private players, rising acceptance of satellite constellation approach and major upcoming mission dispatches.
The cost to build a nano or micro satellite is almost negligible in comparison to the traditional large-scale satellite. This is one of the primary reason driving the market. Due to this reason, many venture capitalists are investing in startups in space technology. Moreover, these miniaturized satellites mostly use the hardware and software already developed and used by the tech industry. Companies are entering the market with ease and offer diverse on-demand services.
Thus, the possibilities for new applications and products & services are further widening. For instance, currently, many private players are providing internet-based space exploration to the general public. Diminishing manufacturing and launching costs have resulted in a rise in upcoming launches, worldwide, by, both militaries as well as private conglomerates for earth observation, surveillance, and communication applications.
Nano and micro satellites, currently, do not have a deorbiting system, due to size and weight constraints. However, with thousands of satellites in orbit, this factor might create issues for the market. Various international agencies, such as the FCC, the UN, and the IADC, have proposed mitigating guidelines that state the importance of deorbiting.
Key Topics Covered:
1. Research Methodology
2. Key Findings of the Study
3. Executive Summary
4. Market Overview
5. Market Dynamics
6. Global Nano and Micro Satellite Market-by Application
7. Global Nano and Micro Satellite Market-by End-users
8. Global Nano and Micro Satellite Market-by Mass
9. Global Nano and Micro Satellite Market-by Geography
10. Competitive Landscape
11. Key Vendor Analysis (Overview, Products & Services, and Strategies)
12. Future of the Global Nano- and Micro Satellites Market
- Daurria Aerospace
- Airbus Defense and Space
- Deep Space Industries
- Planet Labs
- Northrop Grumman Corporation
- Sierra Nevada
For more information about this report visit https://www.researchandmarkets.com/research/6qtng9/global_nano_and