Company Snapshot Figure 29 Ruag Group: Company Snapshot Figure 44 Raytheon Company: The major factors expected to drive the growth of the market include the low manufacturing cost of miniature satellites, high demand for miniature satellites for earth observation applications, and increased investments in nanosatellite and microsatellite technologies. The nanosatellite and microsatellite market has been segmented based on mass into 1kgkg nanosatellite and 11kgkg microsatellite.
Overview Nanosatellites and microsatellites NaM are mainly used for space research, earth observation and communication purposes. Besides these uses, application of nanosatellites and microsatellites is also seen in defense and military sector and for commercial purposes.
Nanosatellites and microsatellites are basically used for research requirements and for scientific objectives on a large scale. Being smaller in size and affordable than larger satellites, the global market for nanosatellites and microsatellites is growing significantly.
Global Nanosatellite And Microsatellite Market: Segmentation The global nanosatellites and microsatellites market can be segmented into its solution, mass, band, application, end-user, and geography.
On the basis of the solution, the global market is divided into hardware, software and data processing, services such as professional and engineering services and launch services. Based on mass, the global nanosatellites and microsatellites market is segregated into 1 Kg to 10 Kg nanosatellites and 11 Kg to Kg microsatellite.
On the basis of the band, the global market gets divided into X-band, K-band, and Ka-band. Based on application, the market is classified into communication, earth observation and remote sensing, scientific research, biological experiment, technology demonstration and verification, academic training, reconnaissance and mapping, and navigation.
On the basis of end-user, the segregation is seen into government, civil, commercial, defense, energy and infrastructure, energy and utilities and maritime and transportation. Diversification of the global nanosatellites and microsatellites market on the basis of the region is seen as North America, Europe, Asia-Pacific, the Middle East and Africa and Latin America.
Growth Factors The demand for nanosatellites and microsatellites has reached an all-time high level owing to increasing pace of earth observation, space research, and communication.
As it is a more feasible option compared to large satellites and also of lower expenditure, nanosatellites and microsatellites are preferred more for scientific research and in the military and defense sector other than various commercial purposes which are resulting in an overall growth in the nanosatellites and microsatellites market.
Endless prospects in space research are expected grow the nanosatellites and microsatellites market. Other factors that may aid the growth are impact caused due to lower production and high development cost.
However, benefits obtained from nanosatellites and microsatellites furnish only short- and medium-term requirements pose a difficulty for the global nanosatellites and microsatellites market.
Regional Analysis Largest market share in the nanosatellites and microsatellites market is seen in North America especially in the U.
Many major companies are keen on expanding their operations in the U. Brazil provides its ample share in the nanosatellites and microsatellites market in Latin America. Regional Segment Analysis North America.About P&S Intelligence.
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Nanosatellite and microsatellite market in Canada is anticipated to expand at a fast pace in the coming years, Demand Rising for Nanosatellites and Microsatellites for Communication Services, North America accounted for the largest share in the nanosatellite and microsatellite marketLocation: State Tower, 90 State Street, Suite , Albany, The rise in launch and use of small satellites in the past decade, a result of improved functionality through technology miniaturisation and alternative design philosophies, has spawned interest in the development of distributed systems or constellations of small satellites.
North America is expected to dominate the nanosatellite and microsatellite market during the forecast period North America is estimated to be the largest market for nanosatellites and microsatellites in , due to the high demand for these satellites from NASA and the U.S.
Department of Defense, as well as research organizations and companies. The term "nanosatellite" or "nanosat" is applied to an artificial satellite with a wet mass between 1 and 10 kg ( and lb). Designs and proposed designs of these types may be launched individually, or they may have multiple nanosatellites working together or in formation, in which case, sometimes the term "satellite swarm" or "fractionated spacecraft" may be applied.
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