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Nanosatellite and Microsatellite Market to Grow at 23.7% CAGR to 2022|Leading Players Like RUAG Group, Clyde Space Inc, GS Sweden AB, Sierra Nevada Corporation, Tyvak, Inc etc.
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The Nanosatellite and Microsatellite Market is projected to grow from US$ 1.21 Billion in 2017 to US$ 3.49 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 23.7% during the forecast period. Factors such as the high demand for miniature satellites in Earth observation applications, low manufacturing cost of miniature satellites, and increased investments in nanosatellite and microsatellite technologies are expected to drive the growth of the market.
Top Key Players in the “Nanosatellite and Microsatellite Market” include are
• RUAG Group (Switzerland)
• Clyde Space Inc., (U.K.)
• GS Sweden AB (Gom Space) (Denmark)
• Sierra Nevada Corporation (U.S.)
• Tyvak, Inc. (U.S.)
• Lockheed Martin Corporation (U.S.)
• Raytheon Company (U.S.)
• PLANET LABS INC. (U.S.)
• Innovative Solutions In Space (ISIS) (Europe) and
• SpaceQuest Ltd. (U.S.)
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The Earth observation and remote sensing segment is estimated to be the largest segment of the nanosatellite and microsatellite market in 2017.The high mobility of nanosatellites and microsatellites, due to their compactness, makes them ideal to forecast disasters with no delay in reporting time and track various weather-related phenomena, such as hurricanes, lightning, polar lights, or natural catastrophes.
The Nanosatellite and Microsatellite Market has been studied for North America, Europe, Asia-Pacific (APAC), and RoW. The market in Europe includes the U.K., Russia, Germany, and France, who are rapidly gaining technological leadership in satellite manufacturing. The market for nanosatellites and microsatellites in Europe is expected to witness the highest growth during the forecast period due to the increased demand for missions that provide data for Earth observation and scientific exploration.
Access Complete report on Nanosatellite and Microsatellite Market spread across 126 Pages, profiling 10 companies and supported with tables and figures. Buy Research at https://www.reportsnreports.com/purchase.aspx?name=276640 .
The Target Audience of the Nanosatellite and Microsatellite Market report are:
• Satellite Manufacturers
• Satellite Component Manufacturers
• Satellite Integrators
• System Integrators
• Professional Service Providers
• Launch Service Providers
• Ground Station Operators
• Government and Civil Organizations Related to the Market
• Small Satellite Companies
• Payload Suppliers
• Aerospace Companies
• Security Companies
• Scientific Institutions
• Meteorological organizations
• Component Suppliers
• Contractors
• Consultants
• Technologists
• R&D Staff
The Study Objectives of this report are:
• To forecast the size of market segments with respect to four main regions, namely, North America, Europe, Asia-Pacific (APAC), and RoW (Middle East & Africa (MEA) and Latin America)
• To determine and forecast the global nanosatellite and microsatellite industry based on component, mass, application, vertical, and region from 2017 to 2022, and analyse the various macro and micro-economic factors that affect market growth
• To strategically analyse each submarket with respect to individual growth trends, prospects, and contribution to the total market
• To analyse the opportunities in the market for stakeholders by identifying high-growth segments of the nanosatellite and microsatellite market
• To profile key market players, provide comparative analysis based on business overviews, product offerings, regional presence, business strategies, key financials, with the help of in-house statistical tools to understand the competitive landscape
• To track and analyze competitive developments, such as mergers & acquisitions, product developments, partnerships & collaborations, and Research & Development (R&D) activities in the market
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The nanosatellite and microsatellite market is projected to grow from USD 1.21 billion in 2017 to USD 3.49 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 23.7% during the forecast period. Factors such as the high demand for miniature satellites…
