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Nano Satellite Market Demonstrates a Spectacular Growth by 2027: GOMSPACE A/S, ISIS – INNOVATIVE SOLUTIONS IN SPACE B.V., SPIRE, SURREY SATELLITE TECHNOLOGY LIMITED, HAWK INSTITUTE FOR SPACE SCIENCES, NORTHROP GRUMMAN CORPORATION

Press release   •   Oct 12, 2019 16:18 IST

Nano Satellite Market

Artificial satellite with the net mass between 1 and 10 kg is called as nano satellite. Nano satellite is considerably smaller and lighter than the geostationary satellites that weigh several tons. Considerably, nano satellite are less costly to manufacture and deploy than the large satellites or small satellites that boost the nano satellite market among various end-use sectors.

According to a new market study entitled “Nano satellite Market to 2027 – Global Analysis and Forecasts by Deployment Type (On-Premise and Cloud) and Industry Vertical (BFSI, Healthcare & Life Sciences, Retail & Consumer Goods, Manufacturing, Travel & Hospitality, IT & Telecommunication, Media & Entertainment, and Others) and Geography, “explains the report, explaining the key drivers of this growth and highlighting key market players and their evolution. The report factors this growth and also highlights the major players in the market and their developments.

The “Nano satellite Market Analysis to 2027” is a specialized and in-depth study of the nano satellite industry with a focus on the global market trend. The report aims to provide an overview of global nano satellite market with detailed market segmentation by components, applications, end users and geography. The global nano satellite market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

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Nano satellite Market Top Key Players: Gomspace A/S, ISIS – Innovative Solutions In Space B.V., SPIRE, Surrey Satellite Technology Limited, Hawk Institute for Space Sciences, Northrop Grumman Corporation, Tethers Unlimited, Inc., Pumpkin, Inc., Southern Stars Group, LLC and Boeing among others.

Adoption of nano satellite instead of large satellites helps to cover a larger surface area to collect images frequently and nano satellite provide better coverage at a much lesser price. These factors are boosting the nano satellite market in the current scenario. The stringent rules and regulations related to launch of nano satellite set by different governments across the globe are somehow inhibiting the adoption of nano satellite, thereby limiting the market for nano satellite to surge. Increasing investment in the space industry to develop efficient and cost-effective satellite solutions is anticipated to create opportunities for nano satellite market.

This report contains:

  • Market sizing for the global Nano Satellite Market.
  • Compare major Nano Satellite providers strategies and approaches to the challenges they face
  • Analysis of the effects deglobalisation trends may have for Nano Satellite providers
  • Profiles of major Nano Satellite providers

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global nano satellite market based on by components, applications and end users. It also provides market size and forecast till 2027 for overall nano satellite market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 15 counties globally along with current trend and opportunities prevailing in the region.

Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the market in these regions.

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Also, key nano satellite market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, financial information of the last 3 years, the key development in past five years.

Key Benefits

  • This report provides a detailed study of market trends and forecast from 2019 to 2027, which assist to identify the prevailing market opportunities.
  • In-depth coverage of the global market that includes drivers, restraints, and opportunities, helps professionals to understand the market behavior in a better way.
  • This study further includes market share analysis in terms of type and applications.
  • Detailed study of the strategies of key leaders, partnerships, and acquisitions in the market is provided.
  • Porter's Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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