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    Nanosatellite and Microsatellite Market Analysis, Development, Growth and Demand Forecast to 2020 by P&S Market Research



    (I-BusinessNews.Com, March 09, 2016 ) The CubeSat Launch Initiative (CSLI) of National Aeronautics and Space Administration has introduced the inexpensive versions of nanosatellite and microsatellite auxiliary payloads services. Currently under CubeSat Launch Initiative (CSLI), nanosatellite and microsatellite can be launched at a cost of $100,000. CubeSat launch initiative is not restricted for the lower Earth orbital. In 2016, NASA is planning to launch 6U CubeSat for Mars orbital.

    Explore more or request TOC on Global Nanosatellite and Microsatellite Market at: https://www.psmarketresearch.com/market-analysis/nanosatellite-and-microsatellite-market

    Average satellites launched per year has grown more than twofold in 2014 as compared to the average per year satellite launches between 2011 and 2013. Moreover, the average mass of the satellites has also declined significantly during the last few years. In 2014, the average mass of a satellite was 30% less than average mass of satellite in 2013.

    Based on the various solutions provided by nanosatellite and microsatellite, the global nanosatellite and microsatellite market can be segmented as hardware, software and data processing, and launch services. On the basis of mass of the satellite, the nanosatellite and microsatellite market can be broadly classified in the ranges 1kg-10kg, and 10.1 kg to 100kg. Based on various applications, the nanosatellite and microsatellite market can be segmented as earth observation and remote sensing, communication, reconnaissance, academic training, technology demonstration and verification, biological experiments, and scientific research. On the basis of industry verticals, the global nanosatellite and microsatellite market can be broadly classified as commercial, civil, government, and defense and intelligence.

    North America was the largest nanosatellite and microsatellite market in 2014, followed by Europe. The market dominance of North America is attributed to the launch of CubeSat Launch Initiative (CSLI) in the region. Based on data sets released by the U.S. government, North America is also expected to be the fastest growing regional market for next five years. The major future nanosatellite and microsatellite program includes, NSF Geospace & Atmospheric CubeSat, NASA EDSN, F6, SeeMe and ALASA payloads, NRO Colony I & II, and QB50. European nanosatellite and microsatellite market was dominated by Russia, holds the majority of the global satellite launched in 2014; The U.K. is other major market in the region. Asia Pacific nanosatellite and microsatellite market is driven by China, India and Japan. Considerable market penetration is expected from the ongoing research and development in space science in the developing countries such as India and China. Development of navigation and communication satellites for the offshore defense (naval defense) is expected to boost the nanosatellite and microsatellite market during the forecast period.

    Browse related market research at: https://www.psmarketresearch.com/industry-report/ict-and-media

    Several new companies announced their entrance in nanosatellite and microsatellite launchers including Rocket Lab, Firefly Space Systems, CubeCab, and bloostar. Some of the competitors in the nanosatellite and microsatellite market are Surrey Satellite Technologies Limited, Sierra Nevada Corporation, Ruag, Raytheon, Planet Labs, Northrop Grumman, Lockheed Martin, Gomspace, Geooptics, and Clyde Space.

    About P&S Market Research

    P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries.

    With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication. Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.

    Contact:
    Abhishek
    Executive Client Partner
    347, 5th Ave. #1402
    New York City, NY - 10016
    Toll-free: +1-888-778-7886 (USA/Canada)
    Email: enquiry@psmarketresearch.com
    Web: https://www.psmarketresearch.com

    P&S Market Research

    Abhishek

    18887787886

    enquiry@psmarketresearch.com

    Source: EmailWire.Com

    Source: EmailWire.com

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