PUNE, India, June 19, 2017 /PRNewswire/ --
According to a new market research report "Nanosatellite and Microsatellite Market by Component (Hardware, Software & Data Processing, Services, Launch Services), Mass (1 kg-10 kg and 11 kg-100 kg), Application (Earth Observation & Remote Sensing), Vertical and Region - Global Forecast to 2022", published by MarketsandMarkets™, the Nanosatellite and Microsatellite Market is expected to grow from USD 1.21 Billion in 2017 to USD 3.49 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 23.7% from 2017 to 2022.
Browse 41 market data tables and 51 figures spread through 126 pages and in-depth TOC on "Nanosatellite and Microsatellite Market."
Early buyers will receive 10% customization on this report
The market is primarily driven by the increasing investments in nanosatellite and microsatellite technologies, low manufacturing cost of miniature satellites, and high demand for miniature satellites in Earth observation applications.
Based on component, the software and data processing segment is expected to witness the highest growth during the forecast period.
Based on component, the Nanosatellite and Microsatellite Market has been segmented into hardware, software and data processing, service, and launch service. The software and data processing segment is expected to witness the highest growth during the forecast period, as software and data processing is essential to extract actionable information from raw data obtained from miniature satellites.
Ask for PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=130496085
Based on application, the earth observation and remote sensing segment is projected to witness the highest growth during the forecast period.
Based on application, the Earth observation and remote sensing segment is estimated to witness the highest growth in the Nanosatellite and Microsatellite Market, owing to the low cost of miniature satellites and the rapidly increasing use of these satellites to capture images of the Earth.
Based on vertical, the commercial segment is estimated to be the largest segment of the market in 2017
Based on vertical, the commercial segment of the Nanosatellite and Microsatellite Market is expected to witness the highest growth in the coming years. Companies operational in the commercial vertical can gather real-time data and distribute it across a wide geographic area to their clients with the help of miniature satellites. Civil, government, and defense are other key verticals wherein nanosatellites and microsatellites are widely used.
North America is expected to dominate the Nanosatellite and Microsatellite Market during the forecast period
North America is estimated to be the largest market for nanosatellites and microsatellites in 2017, due to the high demand for these satellites from NASA and the U.S. Department of Defense, as well as research organizations and companies in the telecommunication sector.
The report encompasses the competitive landscape, which presents the positioning of 25 key vendors of nanosatellite and microsatellite solutions and services, based on their product offerings and business strategies. Some of the major solution and service vendors include the RUAG Group (Switzerland), Clyde Space Inc., (U.K.), GS Sweden AB (GomSpace) (Denmark), Sierra Nevada Corporation (U.S.), Tyvak, Inc. (U.S.), Lockheed Martin Corporation (U.S.), Raytheon Company (U.S.), PLANET LABS INC. (U.S.), Innovative Solutions in Space (ISIS) (Europe), and SpaceQuest Ltd. (U.S.).
Enquiry before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=130496085
Browse Related Reports
Maritime Satellite Communication Market by Type (VSAT, MSS), Service (Voice, Video, Data, Tracking & Monitoring), End User (Merchant Shipping, Fishing, Passenger Ship, Leisure Vessels, Offshore, Government, Others) and by Region - Global Forecast to 2020
Satellite Transponder Market by Bandwidth (C-Band, Ku-Band, Ka-Band), by Application (Commercial Communications, Government, Remote Sensing, Navigation, R&D), by Service (Leasing, Maintenance & Support, Others), and by Region - Global Forecast to 2020
Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets