Micro Satellite Market Study Navigating The Future Growth Outlook Untill 2027 | Players Gomspace, OSC, GeoOptics, ISIS, SSTL, ACC Clyde Space, Raytheon, Northrop Grumman, SNC, Axelspace, CASC

The Global Micro Satellite Market: 2020 Industry Report is a professional and in-depth study on the current state of the Micro Satellite Market by SMI. The Micro Satellite market is supposed to demonstrate a considerable growth during the forecast period of 2020-2027. The company profiles of all the key players and brands that are dominating the market have been given in this report. Their moves like product launches, joint ventures, mergers and acquisitions and the respective effect on the sales, import, export, revenue and CAGR values have been studied completely in the report. The scope of this Micro Satellite market report can be expanded from market scenarios to comparative pricing between major players. The emerging trends along with major drivers, challenges and opportunities in the market are also identified and analysed in this report.

A microsatellite, also known as microsat, is an artificial satellite that weighs anywhere between 10 kg and 100 kg. However, a satellite larger than 100 kg or weighing between 1-50 kg can also be termed as a microsatellite.

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Increasing number of missions to study starts and planets is expected to boost growth of the EMEA microsatellite market over the forecast period. For instance, the European Space Agency is set to launch PROBA-3, a microsatellite mission that will study solar coronagraphy, in 2021. Moreover, partnership and collaboration activities for R&D of microsatellites is also expected to aid in growth of the market. For instance, in July 2019, LuxSpace Sarl, a subsidiary of OHB SE, a Germany-based space technology company, entered into a contract with European Space Agency to develop new, cost-effective and versatile microsatellite platform, Triton-X.

Increasing launch of microsatellites is expected to propel growth of EMEA microsatellite market. For instance, in December 2018, Arianespace announced that the company received contract from The Slovenian Center of Excellence for Space Sciences and Technologies to launch its NEMO-HD microsatellite.

Major players in the market are focused on commercializing their products to expand their product portfolio. For instance, in January 2020, AAC Clyde Space received a second cubesat order from Israeli startup NSLComm. The company will also offer a turnkey solution for NSLSat-2, including securing a launch slot, commissioning the six-unit cubesat on orbit, supplying a ground system and conducting spacecraft operations.

Major players in the market are also focused on adopting partnership and collaboration strategies to expand their product portfolio. For instance, in January 2020, Xplore Inc., a commercial space company, partnered with Nanoracks, a developer of cubesats and microsatellites, to provide commercial deep space flight opportunities for its customers and serve as a customer interface for payload design, preparation and integration on Xplore missions to the Moon, Mars, Venus, Lagrange Points and near-Earth asteroids.

The Key Manufacturers covered in this Report:-

o Gomspace
o OSC
o GeoOptics
o ISIS
o SSTL
o Clyde Space
o Raytheon
o Northrop Grumman
o SNC
o Axelspace
o CASC

Market Segmentation:

On the basis of Product Type:

o Type I
o Type II

On the basis on the end Users/Applications:

o National Security
o Science & Environment
o Commerce
o Others

**Access insightful study with over 100+ pages, list of tables & figures, profiling 10+ companies -

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Micro Satellite Market: Regional Analysis:

o North America: USA, Canada, and Mexico, etc.
o Asia-Pacific: China, Japan, Korea, India, and Southeast Asia
o The Middle East and Africa: Saudi Arabia, the UAE, Egypt, Turkey, Nigeria, and South Africa
o Europe: Germany, France, the UK, Russia, and Italy
o South America: Brazil, Argentina, Columbia, etc.

Global Micro Satellite Market Report includes Detailed TOC points:

1 Introduction

1.1 Objectives Of The Study
1.2 Market Definition
1.3 Overview Of Global Micro Satellite Market

2 Market Segmentation
3 Market Overview

3.1 Rising Government Initiatives
3.2 Strategic Initiative By Market Players

4 Executive Summaries
5 Premium Insights
6 Regulatory Procedure
7 Global Micro Satellite Market, By Type
8 Global Micro Satellite Market, by Application
9 Global Micro Satellite Market, By Deployment
10 Global Micro Satellite Market, By End User
11 Global Micro Satellite Market, By Distribution Channel
12 Global Micro Satellite Market, Company Landscape
13 Company Profile
13.1 Company Snapshot
13.2 Revenue Analysis
13.3 Company Share Analysis
13.4 Product Portfolio

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Stratagem Market Insights is a management consulting organization providing market intelligence and consulting services worldwide. We bring the expertise of consultants with a cumulative industry experience of more than 70 years. The firm has been providing quantified B2B research and currently offers services to over 350+ customers worldwide. Our reports cover various end-use industries such as Aerospace and Defense, Agriculture, Food and Beverages, Automotive, Chemicals and Materials, Consumer Goods and Retail, Electronics, Energy, Mining, and Utilities, Pharmaceuticals, Manufacturing and Construction, Services, and Healthcare, and ICT.

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