The global nano satellite market size is expected to reach USD 1,336.9 Million in 2030 and register a revenue CAGR of 20.4% over the forecast period, according to the latest report by Emergen Research. Rise in demand for Earth observation related applications and increasing number of aeronautics, communications, and satellite development companies are factors driving global nano satellite market revenue growth.
Nano satellites are miniaturized artificial satellites that weigh less than 10kgs. Nano satellites are more convenient and take less time to build than convectional satellites owing to smaller size. Nano satellites are launched at lower altitudes and cost of launching is also relatively lower. These devices travel at high speed and circle the Earth in a polar orbit. Nano satellites are used for purposes such as remote sensing, land observation, and communication, among others.
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Lower manufacturing cost of nano satellites compared to that of traditional satellites enable large quantity production more easily. Moreover, nano satellites are always launched in groups into Earth’s orbit, which also reduce launching cost. Furthermore, universities, space agencies, and private companies across the globe are taking various initiatives to launch new nano satellite missions, which is driving market revenue growth.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Nano satellite Market
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.
Key companies operating in the Nano satellite market include:
ACC Clyde Space, GomSpace A/S, ISISPACE Group, Israel Aerospace Industries (IAI) Ltd., Lockheed Martin Corporation, Alen pace, Axelspace Corporation, NanoAvionics, Planet Labs PBC, SRM Institute of Science and Technology, Sierra Nevada Corporation, EnduroSat, Sky and Space Global Ltd., and The Boeing Company.
The new report titled ‘Global Nano Satellite Market’, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. The report takes a closer look at the historical and current market scenarios to accurately predict the global Nano Satellite Market outlook over the forecast duration (2019-2030). Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market. The study involves the use of efficient analytical tools like SWOT analysis and Porter’s Five Forces to inspect the strengths, weaknesses, opportunities, and threats associated with the growth of the various market segments.
Emergen Research has segmented the global nano satellite market on the basis of mass, application, end-use, and region:
Mass Type Outlook (Revenue, USD Billion; 2018–2030)
1kg-3kg Nano Satellite
4kg-6kg Nano Satellite
7kg-10kg Nano Satellite
Application Outlook (Revenue, USD Billion; 2018-2030)
Earth Observation and Remote Sensing
Technology Demonstration and Verification
Mapping and Navigation
End-use Outlook (Revenue, USD Billion; 2018–2030)
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The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
Rest of EU
Rest of APAC
Rest of Latin America
Middle East & Africa
Rest of MEA
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