Nanosatellite and Microsatellite Market Future Scope Demands and Projected Industry Growths to 2024
Nanosatellite and Microsatellite Market research report is provided for the current market along with growth history, competitive landscape evaluation and most important region’s development status.
(EMAILWIRE.COM, October 25, 2018 ) According to a new research published by Polaris Market Research the Nanosatellite and Microsatellite Market is anticipated to reach over USD 6,111.8 million by 2026. In 2017, the Nanosatellite and Microsatellite segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the market.
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Nanosatellite are used in civil, government, defense, and commercial sectors for earth observation and telecommunication applications. Organizations are increasingly adopting nano and micro satellites for technology demonstration, and scientific research and experimentation. Technological advancement in terms of miniaturization of components, and associated software has encouraged established organizations, and small and medium enterprises to invest in these satellites.
In 2017, by indication, the cancer segment dominated the market in terms of revenue, wherein fully-human monoclonal antibodies held a major share of the market. In terms of geography, North America accounted for the majority share in the Nanosatellite and Microsatellite Market.
Following are the Top Key Players in Nanosatellite and Microsatellite Market: -
Lockheed Martin Corporation
Planet Labs Inc.
Sierra Nevada Corporation
Raytheon Company
Clyde Space, Inc.
SpaceQuest Ltd.
Surrey Satellite Technology Limited
Vector Space Systems
Tyvak Inc.
The Boeing Company
GomSpace Group AB
Harris Corporation
Thales Group
The adoption of Nanosatellite and Microsatellite in the commercial sector has increased tremendously over the past few years owing to miniaturization of bulky satellite components, reduced costs, and standardization of satellite parts. In the commercial sector, these satellites are used in forestry, agriculture, energy, civil engineering, archaeology, insurance, and media and entertainment among others. These satellites are used for obtaining high-resolution earth imaging, space-based internet, and communication services. Planet, a company based in U.S., has a constellation of 36 small satellites in orbit, and offers high resolution imaging to consumers in the commercial sector. Other companies such as Skybox, Digital Globe, and O3B offer services such as real time satellite imaging, telecommunication, and space-based internet through these satellites.
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There has been a rising demand of earth observation services among various sectors such as agriculture, energy, civil engineering, oil and gas, and defense. Growing use of these satellites in defense sector would boost the growth of Nanosatellite and Microsatellite Market. Advancements in microelectronics such as light weight apertures, antennas, panels, transreceivers, control sensors and actuators, and multi spectral imagers would increase the efficiency and processing power of these satellites and make it easy to assemble and test, reducing the complexities associated with heavy satellites.
North America is expected to dominate the market throughout the forecast period. Rise in applications of Nanosatellite and Microsatellite in agriculture, real estate, defense, and government sectors in the North American region is the major driver for market growth. The affordable price of these satellites also accelerates the penetration in the commercial sector. Rise in investment in the defense sector, along with technological advancement in telecommunication industry, is expected to drive the Nanosatellite and Microsatellite Market growth during the forecast period. Use of high-resolution imaging, and communication services for border security and monitoring high-risk situation by federal agencies, government, and non-government organizations are expected to raise the market investment for these services.
TOC of Nanosatellite and Microsatellite Market:
Chapter 1. Overview and Scope
Chapter 2. Market Summary
Chapter 3. Nanosatellite and Microsatellite Market Size and Forecast
Chapter 4. Dynamics and Segmentation
Chapter 5. Detailed Insight on Key Company
Chapter 6. Research Methodology and Reference
Chapter 7. Competitive Landscape
TOC Continued…...!!!
Request for Sample Copy of this research report @
http://bit.ly/2RaNJaS
Nanosatellite are used in civil, government, defense, and commercial sectors for earth observation and telecommunication applications. Organizations are increasingly adopting nano and micro satellites for technology demonstration, and scientific research and experimentation. Technological advancement in terms of miniaturization of components, and associated software has encouraged established organizations, and small and medium enterprises to invest in these satellites.
In 2017, by indication, the cancer segment dominated the market in terms of revenue, wherein fully-human monoclonal antibodies held a major share of the market. In terms of geography, North America accounted for the majority share in the Nanosatellite and Microsatellite Market.
Following are the Top Key Players in Nanosatellite and Microsatellite Market: -
Lockheed Martin Corporation
Planet Labs Inc.
Sierra Nevada Corporation
Raytheon Company
Clyde Space, Inc.
SpaceQuest Ltd.
Surrey Satellite Technology Limited
Vector Space Systems
Tyvak Inc.
The Boeing Company
GomSpace Group AB
Harris Corporation
Thales Group
The adoption of Nanosatellite and Microsatellite in the commercial sector has increased tremendously over the past few years owing to miniaturization of bulky satellite components, reduced costs, and standardization of satellite parts. In the commercial sector, these satellites are used in forestry, agriculture, energy, civil engineering, archaeology, insurance, and media and entertainment among others. These satellites are used for obtaining high-resolution earth imaging, space-based internet, and communication services. Planet, a company based in U.S., has a constellation of 36 small satellites in orbit, and offers high resolution imaging to consumers in the commercial sector. Other companies such as Skybox, Digital Globe, and O3B offer services such as real time satellite imaging, telecommunication, and space-based internet through these satellites.
Enquire Before Buying this research report @
http://bit.ly/2RaOvEO
There has been a rising demand of earth observation services among various sectors such as agriculture, energy, civil engineering, oil and gas, and defense. Growing use of these satellites in defense sector would boost the growth of Nanosatellite and Microsatellite Market. Advancements in microelectronics such as light weight apertures, antennas, panels, transreceivers, control sensors and actuators, and multi spectral imagers would increase the efficiency and processing power of these satellites and make it easy to assemble and test, reducing the complexities associated with heavy satellites.
North America is expected to dominate the market throughout the forecast period. Rise in applications of Nanosatellite and Microsatellite in agriculture, real estate, defense, and government sectors in the North American region is the major driver for market growth. The affordable price of these satellites also accelerates the penetration in the commercial sector. Rise in investment in the defense sector, along with technological advancement in telecommunication industry, is expected to drive the Nanosatellite and Microsatellite Market growth during the forecast period. Use of high-resolution imaging, and communication services for border security and monitoring high-risk situation by federal agencies, government, and non-government organizations are expected to raise the market investment for these services.
TOC of Nanosatellite and Microsatellite Market:
Chapter 1. Overview and Scope
Chapter 2. Market Summary
Chapter 3. Nanosatellite and Microsatellite Market Size and Forecast
Chapter 4. Dynamics and Segmentation
Chapter 5. Detailed Insight on Key Company
Chapter 6. Research Methodology and Reference
Chapter 7. Competitive Landscape
TOC Continued…...!!!
Contact Information:
Polaris Market Research
Neel
Tel: +1-646-568-9980
Email us
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Polaris Market Research
Neel
Tel: +1-646-568-9980
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results