Nanosatellite and Microsatellite Market to 2020 - The Market Size is Estimated to Grow at an Estimated Compound Annual Growth Rate (CAGR) of 23.2% From 2015 to 2020

Nov 19, 2015, 12:10 ET from Research and Markets

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.

Companies Mentioned

  • Clyde Space, Inc
  • Gomspace
  • Innovative Solution In Space (ISIS) Group
  • Lockheed Martin Corporation
  • Planet Labs Inc
  • Raytheon
  • Ruag Group
  • Sierra Nevada Corporation
  • Skybox Imaging, Inc.
  • Spacequest Ltd

Key Topics Covered:

1 Introduction

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

14 Appendix

For more information visit http://www.researchandmarkets.com/research/s3dgdp/nanosatellite_and

Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net

SOURCE Research and Markets



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