Global Nano and Micro Satellite Market - Global Market Forecast and Analysis (2018 - 2023)
|発行||Mordor Intelligence LLP||商品コード||597234|
|出版日||ページ情報||英文 110 Pages
|世界のナノサットおよびマイクロサット市場：市場予測と分析（2018年〜2023年） Global Nano and Micro Satellite Market - Global Market Forecast and Analysis (2018 - 2023)|
|出版日: 2018年04月18日||ページ情報: 英文 110 Pages||
Nano and microsatellites range between 1-10 kgs and 10 - 100 kgs, respectively. These satellites are the fastest growing segments of the satellite industry. Their ease to build and lower operating and manufacturing costs are making them immensely popular in, both, civilian and military applications. The factors driving this sector include diminishing manufacturing, launching costs, increased investment in R&D by both public and private players, rising acceptance of satellite constellation approach, and major upcoming mission dispatches. The market is expected to register a CAGR of 23.5% during the forecast period of 2018-2023.
Reduced Cost of Nano Satellites
The cost of building a nano or microsatellite is almost negligible in comparison to the traditional large-scale satellites. This is one of the primary reason driving the market, as many venture capitalists are investing in startups in space technology. Moreover, these miniaturized satellites mostly use the hardware and software already developed and used by the tech industry. Companies are entering the market with ease and offer diverse on-demand services. Thus, the possibilities for new applications and products & services are widening further. For instance, currently, many private players are providing internet-based space exploration to the general public. Diminishing manufacturing and launching costs have resulted in a rise in upcoming launches, worldwide, by both, military, as well as, private conglomerates for earth observation, surveillance, and communication applications.
Excessive Satellites in Orbit
Nano and microsatellites, currently, do not have a deorbiting system, due to size and weight constraints. However, with thousands of satellites in orbit, this factor might create issues for the market. Various international agencies, such as the FCC, the UN, and the IADC, have proposed mitigating guidelines that state the importance of deorbiting.
The commercial and civilian markets for nano and microsatellites hold the largest share and have scope for high growth during 2018-2023. North America is projected to have the fastest growing market, followed by Asia-Pacific and the Middle East & Africa.
Key Developments in the Market:
February 2018: Unique Danish nano-satellite in orbit around the Arctic.
February 2018: The UK space agency awarded Spire Global EUR 4 million to fund nanosatellites.
Major players: Dauria Aerospace, Airbus, Northrop Gruman, SpaceQuest, Geo Optics, and Sierra Nevada, among others.
Reasons to Purchase the Report:
The report analyses how the increasing applications in earth's observation will drive the global nano and micro satellite market.
Analyzing various perspectives of the market with the help of Porter's Five Forces Analysis.
Study on the regions that are expected to witness the fastest growth during the forecast period.
3-month analyst support along with the Market Estimate sheet (in Excel).
Customization of the Report:
This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs.