Global Industry Insight: Nanosatellite and Microsatellite Market Size, Share, Development, Growth and Demand Forecast to 2020

The nanosatellite and microsatellite market has witnessed a considerable growth in the recent past. The market is mainly driven by factors such as introduction of CubeSat standard by the U.S. based National Aeronautical Space Administration (NASA), advancement in microelectronics technology, the increase in satellite launch manifesting capacity at global level, government initiatives, and rising commercial applications of satellite services. In 2014, nearly two third of the total satellite launched had masses less than 50 kg. The CubeSat Launch Initiative (CSLI) of National Aeronautics and Space Administration has introduced the inexpensive versions of nanosatellite and microsatellite auxiliary payloads services. Currently under CubeSat Launch Initiative (CSLI), nanosatellite and microsatellite can be launched at a cost of $100,000. CubeSat launch initiative is not restricted for the lower Earth orbital. In 2016, NASA is planning to launch 6U CubeSat for Mars orbital.

Average satellites launched per year has grown more than twofold in 2014 as compared to the average per year satellite launches between 2011 and 2013. Moreover, the average mass of the satellites has also declined significantly during the last few years. In 2014, the average mass of a satellite was 30% less than average mass of satellite in 2013.

To Browse Full Report Visit Here: www.psmarketresearch.com/market-analysis/nanosatellite-and-microsatellite-market

Based on the various solutions provided by nanosatellite and microsatellite, the global nanosatellite and microsatellite market can be segmented as hardware, software and data processing, and launch services. On the basis of mass of the satellite, the nanosatellite and microsatellite market can be broadly classified in the ranges 1kg-10kg, and 10.1 kg to 100kg. Based on various applications, the nanosatellite and microsatellite market can be segmented as earth observation and remote sensing, communication, reconnaissance, academic training, technology demonstration and verification, biological experiments, and scientific research. On the basis of industry verticals, the global nanosatellite and microsatellite market can be broadly classified as commercial, civil, government, and defense and intelligence.

The commercial sector was the largest application market of nanosatellite and microsatellite in 2014. Commercial nanosatellite and microsatellites are widely used for the imagery and data services under public domain. Civil application of nanosatellite and microsatellite is expected to be one of the most promising segments during the forecast period.

Browse For Related Research: www.psmarketresearch.com/industry-report/ict-and-media

North America was the largest nanosatellite and microsatellite market in 2014, followed by Europe. The market dominance of North America is attributed to the launch of CubeSat Launch Initiative (CSLI) in the region. Based on data sets released by the U.S. government, North America is also expected to be the fastest growing regional market for next five years. The major future nanosatellite and microsatellite program includes, NSF Geospace & Atmospheric CubeSat, NASA EDSN, F6, SeeMe and ALASA payloads, NRO Colony I & II, and QB50. European nanosatellite and microsatellite market was dominated by Russia, holds the majority of the global satellite launched in 2014; The U.K. is other major market in the region. Asia Pacific nanosatellite and microsatellite market is driven by China, India and Japan. Considerable market penetration is expected from the ongoing research and development in space science in the developing countries such as India and China. Development of navigation and communication satellites for the offshore defense (naval defense) is expected to boost the nanosatellite and microsatellite market during the forecast period.

Several new companies announced their entrance in nanosatellite and microsatellite launchers including Rocket Lab, Firefly Space Systems, CubeCab, and bloostar. Some of the competitors in the nanosatellite and microsatellite market are Surrey Satellite Technologies Limited, Sierra Nevada Corporation, Ruag, Raytheon, Planet Labs, Northrop Grumman, Lockheed Martin, Gomspace, Geooptics, and Clyde Space.

Report Coverage

Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis

Identifies the key drivers of growth and challenges of the key industry players.

Also, assesses the future impact of the propellants and restraints on the market

Uncovers potential demands in the market

Porter analysis identifies competitive forces within the market

Provides information on the historical and current market size and the future potential of the market

Provides sizes of key regional markets using yardsticks of processes, segments, products, end user and technology, etc (as applicable)

Highlights the competitive scenario of the market, major competitors, market share, benchmarking, investments and merger acquisitions

Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market.

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

Contact:

Abhishek
Executive – Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: www.psmarketresearch.com

This release was published on openPR.