21th
September 2018 - Nanosatellite or a nanosat is an artificial satellite with
mass ranging from 1kg to 10kg. Nanosatellites are miniaturized, low-cost
satellites created for communication, space research and commercial purposes.
Microsatellite or a microsat is also an artificial satellite with mass ranging
from 10 Kg to 100 Kg. Microsatellites are again miniaturized& low-cost
satellites created for a number of commercial and military purpose. Mainly
scientific research, communication, navigation and mapping, power,
reconnaissance, biological experiments & remote sensing are application
areas for nanosatellite and microsatellite.
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The major driving factors for the global nanosatellite and
microsatellite market include increased demand across industry verticals,
increase in number of application areas, growth in investments, and constant
cost reduction for nanosatellites and microsatellites. Multinational companies
in the telecom sector are taking various initiatives to offer high speed
internet services by launching constellations of nanosatellites and
microsatellites. Applications such as Earth observation and remote sensing are
likely to boost up in the upcoming years.
On the basis of solution, the global Nanosatellite
And Microsatellite Market is segmented as hardware, software,
data processing, and launch services. On the basis of application, the global
market for nanosatellite and microsatellite is segmented as navigation &
mapping, scientific research, communication, power, reconnaissance, Earth
observation & remote sensing. Earth observation is projected to be the
fastest growing segment owing to growing demand for hyper-spectral imaging
system and advanced computational and communication systems.
On the basis of industry, the global market for
nanosatellite and microsatellite is segmented as agency, defense, non-profit,
educational, energy & infrastructure, and maritime & transportation. On
the basis of band, the segmentation for global nanosatellite and microsatellite
market include K-band, X-band and Ka-Band.
On the basis of mass, the segmentation for global market for
nanosatellite & microsatellite is divided from 1kg-10kg (Nanosatellite) and
11kg-100kg (Microsatellite). Cost reduction and efficient performance of
cubeSats, nanosatellite with 1kg-10 kg is proliferating deeply in education,
defense & training sectors.
On the basis of geographic segmentation, the global
nanosatellite and microsatellite market spans North America, Latin America,
Europe, Asia-Pacific, Middle-East & Africa. North America dominates the
global nanosatellite and microsatellite market owing to significance of educational
experiments. Developments in space research in the country and the presence of
established space research & agencies have added to the development of
nanosatellite market in U.S. regions.
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APAC regions are found to be the lucrative markets for
nanosatellites and microsatellites. China and Japan have significantly added
valuable contribution towards R&D in nanosatellite and microsatellite.
Therefore, other regions such as Philippines, India and Indonesia in APAC
market are witnessing infrastructural development and hence the APAC market is
expected to boost in the forecast period. Latin America and MEA regions behold
lucrative opportunities for market players. The key vendors in the market include Lockheed Martin, Northrop
Gruman, Raytheon, Dynetics, Surrey Satellite Technology, Axelspace, Sierra
Nevada, Clyde Space, Planet Labs, Dauria Aerospace, CASC.
On the basis of
product, the Nanosatellite and Microsatellite market is primarily split into
• Nanosatellite
• Microsatellite
On the basis on the
end users/applications, this report covers
• National Security
• Science & Environment
• Commerce
• Others
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