The global nanosatellite and microsatellite market size is expected to reach USD 7.13 Billion at a steady CAGR of 19.8% in 2028, according to latest analysis by Emergen Research. 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.
The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Nanosatellite and Microsatellite market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Nanosatellite and Microsatellite market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Planet Labs, Innovative Solutions In Space, Space Quest, Alén Space, D-Orbit, Deep Blue Globe, DHV Technology, Berlin Space Technology, ADASPACE, and Adaptive Lunch Solutions
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Emergen Research has segmented the global Nanosatellite and Microsatellite market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
-
Component Outlook (Revenue, USD Billion; 2021–2028)
- Solar Panels
- 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
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Nanosatellite and Microsatellite Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Nanosatellite and Microsatellite Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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