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The global nano satellite market generated $143.7 million in 2017 and is estimated to grow at a CAGR of 13.43% during 2018-2023LONDON, Nov. 7, 2018 /PRNewswire/ -- Global Nano Satellite Market is Projected to Reach $356.1 million by 2023 • The study provides detailed analysis of the 15 key players in the global nano satellite market, including: GomSpace A/S, OHB SE, The Boeing Company, Ball Corporation, Israel Aerospace Indsutries Ltd. , Lockheed Martin Corporation, Northrop Grummen Corporation, QinetiQ Group Plc, NanoAvionika, LLC, Space Systems/Loral, LLC (SSL), and Tyvak Nano-Satellite Systems, Inc., in the Company Profiles section. This section covers business financials, company snapshots, key products and services, major developments, future programs (if any), and the individual SWOT analysis. Executive Summary The governments and space organizations worldwide are continuously increasing their funding in the space industry to develop efficient and cost-effective satellite solutions.Currently, the space industry is at the cusp of a major revolution, as more than 3,600 small satellites, including nano, micro, and pico, are expected to be launched over the course of next ten years. Nano satellites, in particular, are emerging as a promising market in the small satellite industry. According to National Aeronautics and Space Administration (NASA), nano satellites, also known as NanoSat, range from 1-10 kg mass. The global nano satellite market is driven by several factors, wherein, the leading ones are advancement in the satellite miniaturization, increase in capability of electronic technology, and increase in demand for small satellite constellation.As more nations are launching their nano satellite constellations, demand for the nano satellite is anticipated to grow over the coming years. Globally, defense forces have been showing interest in potential advantages of using nano satellite constellations for certain military applications.These systems can replace one large satellite with a cluster of nano satellites in a single orbital location. It is expected that once the technology becomes available, nano satellite constellation systems will perform better, cost less to launch, and operate equivalent to conventional satellite systems. Some of the key players in the nano satellite industry are Ball Corporation, Clyde Space Ltd., Airbus S.A.S., Deep Space Industries, Inc., Innovative Solutions In Space BV, Interorbital Systems, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, NanoAvionika, LLC, Northrop Grumman Corporation, OHB SE, Planet Labs, Inc., QinetiQ Group PLC, Terra Bella, The Boeing Company, and Tyvak Inc. These companies are aiming for a wide range of product launches and collaborations to expand their operations and compete in the market. Apart from these, several companies, such as OneWeb, NanoRacks LLC, Satellogic, Kepler Communications, Aistech Space, Aerial Maritime, and Sky and Space Global, are also emerging in the market. These companies are expected to drive huge growth in the market during the forecast period, 2018-2023. The market reported a revenue of $143.7 million in 2017 and is expected to grow at a significant CAGR during the forecast period 2018-2023. The global nano satellite market has been segmented into five end-users: academic, commercial, government, defense, and non-profit organization. The commercial end-user acquired the largest share; however, non-profit organization end-user are expected to grow at the highest CAGR during the forecast period, 2018-2023. In addition, the global nano satellite market is also classified depending upon the applications, such as communication, earth observation and remote sensing, space exploration, and technology development and demonstration. Earth observation and remote sensing reported the highest revenue in 2017, however, communication is estimated to grow at the highest CAGR during the forecast period, 2018-2023. In addition, the nano satellite market has also been segmented based on mass (1-3kg, 4-6kg, and 7-10kg categories) and subsystem (payload, structure, telecommunication, on-board computer, power system, attitude control system, and propulsion system). North America accounted for the highest share of the market in 2017, owing to the maximum number of nano satellite launches by NASA (U.S.) and American entrepreneurs have made considerable amount of transformational developments in the region to explore space by deploying cost-effective small satellite constellations. In addition, RoW is expected to witness the highest growth during the forecast period, 2018-2023, mainly driven by continued efforts of the respective governments in development of satellite technologies to transform the national economy and strengthen security. Countries Covered • North America • U.S. • Canada • Europe • U.K. • Germany • France • Russia • Denmark • Rest-of-Europe • Asia-Pacific • China • India • Japan • South Korea • Rest-of-Asia-Pacific • Rest-of-the-World • Middle East • Latin America • Africa Download the full report: https://www.reportbuyer.com/product/5612792 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +1 (718) 213 4904 Website: www.reportbuyer.com
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