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Nanosatellite and Microsatellite Market by Solution, by Mass, by Application, Vertical and Region - Global Forecast to 2020NEW YORK, Nov. 25, 2015 /PRNewswire/ -- The nanosatellite and microsatellite market size is estimated to grow from USD 889.8 million in 2015 to USD 2.52 billion by 2020, at an estimated compound annual growth rate of 23.2% from 2015 to 2020. The nanosatellite and microsatellite market is driven by factors, such as low cost of design, increasing demand for miniature satellites, and huge investment from Silicon Valley. The nanosatellite and microsatellite market offers tremendous upcoming opportunites for growth mainly due to increase in demand for satellite-based buiness applications across verticals and partnerships among satellite manufactures and spacecraft agencies. Various key nanosatellite and microsatellite manufacturers and service providers profiled in the report are as follows: 1. Lockheed Martin 2. Ruag Space 3. Raytheon 4. Clyde Space Inc. 5. Planet Labs Inc. 6. GomSpace 7. Innovative Solution in Space 8. Sierra Nevada Corporation 9. Skybox Imaging Inc. 10. SpaceQuest Limited The report will help the market leaders/new entrants in this market in the following ways: 1. This report segments the nanosatellite and microsatellite market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across the different verticals and regions. 2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities. 3. This report will help stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, satellite launches, partnerships, mergers and acquisitions. Read the full report: http://www.reportlinker.com/p03401545-summary/view-report.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nanosatellite-and-microsatellite-market-by-solution-by-mass-by-application-vertical-and-region---global-forecast-to-2020-300184606.html SOURCE Reportlinker |