DUBLIN, Nov. 19, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/s3dgdp/nanosatellite_and) has announced the addition of the "Nanosatellite and Microsatellite Market by Solution (Hardware, Software and Data Processing, Services, and Launch Services), by Mass (1KG - 10 KG and 11KG - 100KG), by Application, Vertical and Region - Global Forecast to 2020" report to their offering.
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 (CAGR) 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 technology demonstration and verification market is estimated to contribute the largest market share in application segment duing the forecast period. Furthermore, due to increase in demand for real-time high relolution Earth images among enterprises for analytics, Earth Observation and remote sensing application market is expected to gain traction and is expected to grow at the highest CAGR in the next five years. North America is estimated to be the largest market for nanosatellite and microsatellite market due to technological advancements and presence of major market players. Commercial sector is projected to witness highest growth in terms of CAGR in the next five years and contributes the largest market share in vertical during the forecast period.
- Clyde Space, Inc
- Innovative Solution In Space (ISIS) Group
- Lockheed Martin Corporation
- Planet Labs Inc
- Ruag Group
- Sierra Nevada Corporation
- Skybox Imaging, Inc.
- Spacequest Ltd
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Nanosatellite And Microsatellite Market Analysis, By Solution
8 Nanosatellite And Microsatellite Market Analysis, By Mass
9 Nanosatellite And Microsatellite Market Analysis, By Application
10 Nanosatellite And Microsatellite Market Analysis, By Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
For more information visit http://www.researchandmarkets.com/research/s3dgdp/nanosatellite_and
Media Contact: Laura Wood , +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets