Monday 4 May 2015, Amsterdam
The report recognizes the following companies as the key players in Global Nano and Microsatellite Market 2015-2019: Dauria Aerospace, DSI, ISIS, Planet Labs and SpaceQuest
Other Prominent Vendors in the market are: Axelspace, Clyde Space, Dynetics, GeoOptics, GomSpace, Novanano, Raytheon, Ruag Space, Sierra Nevada, Skybox Imaging, Spire, Surrey Satellite Technology and Tyvak Nano-Satellite Systems
The report said: “The development of all-electric propulsion systems for satellites will contribute to the development of the nano and microsatellite market. MEMS and miniaturized electronically-powered propulsion systems would lead to applications for miniaturized satellites. Also, satellites are currently launched by ELV, which can be used for a single mission. The cost to build nano and microsatellites has largely reduced. However, the launch of these satellites into orbit still entails significant costs, which can be reduced by the development of reusable space launch vehicles.”
According to the report, the utilization of miniaturized satellites for military and defense applications has been one of the major drivers for the market. Along with the growing use of UAVs and modern equipment, the military also needs more data bandwidth and a reliable communication infrastructure that can be fulfilled with the use of constellations of nano and microsatellites. The demand for these satellites for commercial applications such as GPS services and the internet has also increased.
Further, the report states that there are many design and manufacturing complexities involved with nano and microsatellites.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.