MRO Magazine

Technavio Says the Global Nano and Microsatellite Market Will Experience Steady Growth Through 2019


April 30, 2015
By Business Wire News

LONDON

Technavio has published a new market research report on the global nano and microsatellite market, which projects growth at a CAGR of 22.87% from 2015-2019.

About the Report

Military and defense forces worldwide require space capabilities to meet the demand for more operationally responsive forces for various military requirements, especially communications. Therefore, the utilization of unmanned aerial vehicles and modern equipment by military forces has increased.

“Military and defense forces are utilizing commercial satellite infrastructure for increased bandwidth requirements, which has led to an increased use of nano and microsatellites,” says Faisal Ghaus, Vice President of Technavio.

“Large constellations of microsatellites can now be launched at lower costs, which is expected to boost market growth.”

The new industry analysis report also points to the advent of micro-thrusters, since chemical propulsion systems like solid rocket engines cannot be used for nano and microsatellite designs. Micro-thrusters can be used for micro-propulsion of nano and microsatellites, and this new development will enhance the popularity of small satellites through the projected period.

Market Scope and Calculation of Market Size

This report covers the current scenario and growth prospects of the global nano and microsatellite market from 2015-2019. It provides a global overview, segmentation of the market by application and end-users, and growth prospects by region.

Key Information Covered in the Report:

  • Key Vendors:
    • Dauria Aerospace
    • Deep Space Industries Inc. (DSI)
    • Planet Labs Inc.
    • SpaceQuest Ltd.
  • Market Growth Drivers:
    • Growing utilization for military and defense applications
    • For a full detailed list, view our report.
  • Market Challenges:
    • Design and manufacturing difficulties
    • For a full detailed list, view our report.
  • Market Trends:
    • All-electric propulsion system for satellites
    • For a full detailed list, view our report.

Technavio currently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the satellite market:

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jes Ellacott
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com