Nano Satellite Market - By Subsystems (Payload, Structure, Telecommunication, On-board Computer, Power System, Propulsion System, Others), By End User (Commercial Sector, Government Sector), By Application (Communication, Earth Observation & Remote Sensin
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Global nano satellite market witnessed a market value of USD XXXX million in 2020 and is estimated to reach USD XX million in 2025, registering a compound annual growth rate (CAGR) of XX% between 20120 and 2025. The global nanosatellite market is analyzed based on regions, by subsystem, by the end-user, and by the application. The regions covered are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. As the private space industry is booming and private spaceflight companies are making incredible progress around the world, it is expected that the demand for nanosatellites will increase in upcoming years. These nanosatellites are allowing the new space industry to carry out different missions at very low cost and associated with minimum risks. The North America region is expected to have the highest demand for nanosatellite during the forecasted period. These nanosatellites in North America region are widely being used for delivering useful scientific data and commercial services.
Growth Drivers – Nano Satellite Market
Rise in Number of private spaceflight companies
The space environment is no longer the sole preserve of government agencies, it is being explored by a large number of private space flight companies. Private companies such as Mircorp, Bigelow Aerospace, SpaceX and others have a fascinating history and are rich with different future potential in the spaceflight industry. Currently, small satellites are typically used for Earth observation missions, technological trials, and telecommunication and educational purposes, but these private space flight companies are investing great effort and capital in research & development activities to find new potential applications of nano satellites in future.
Cost, Design and Manufacturing Advantages
Nanosatellites weigh somewhere around 10-100 kg, and this lowers their price. Falling costs and miniaturization of electronic parts have allowed the private spaceflight industries in overcoming the entry barrier to space. Apart from their size and cost, the biggest advantage of a nanosatellite is the short time period required to develop each model. An average-sized or large satellite requires between 5 and 15 years to identify the need and place it in the right orbit under normal parameters. There are already more than 8000 satellites, probes, rockets and other devices are floating in outer space and it is expected that this number will rise as new possibilities of nano satellites will appear in future.
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The research offers a comprehensive analysis of Nano Satellite market with respect to following sub-markets:
- On-board Computer
- Power System
- Propulsion System
- Commercial Sector
- Government Sector
- Earth Observation & Remote Sensing
- Mapping and Navigation
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major market players such as:
- Clyde Space Ltd.
- Innovative Solutions In Space B.V.
- Lockheed Martin Corporation
- Planet Labs
- Stras Space
- Group of Astrodynamics for the Use of Space Systems Srl
- Dauria Aerospace
- Tyvak Inc.
- Other Prominent Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, and recent news (acquisition, expansion, technology development, research & development expansion and other market activities).
The study also provides company’s positioning and market share in Nano Satellite market.
Timeline Considered for Analysis:
• 2019- Base Year
• 2020 – Estimated Year
• 2020 to 2025 – Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global Nano Satellite market by the following segments:
- End User
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Key Questions Answered in the Global Nano Satellite Industry Report
• What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
• Which region would have high demand for product in the upcoming years?
• What are the factors driving the growth of the market?
• Which sub-market will make the most significant contribution to the market?
• What are the market opportunities for existing and entry-level players?
• What are various long-term and short-term strategies adopted by the market players?
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