Market Research Report
Global Nano Satellite Market - Analysis and Forecast 2017-2021
|Published by||BIS Research Private Limited||Product code||516670|
|Published||Content info||259 Pages
Delivery time: 1-2 business days
|Global Nano Satellite Market - Analysis and Forecast 2017-2021|
|Published: June 15, 2017||Content info: 259 Pages||
The demand for nano satellites is globally expected to increase during the forecast period due to advancements in satellite miniaturization, increasing capability of electronic technology, and ascending demand for small satellite constellations.
The nano satellite market is experiencing an advanced rate of growth over the past couple of years due to the increasing demand of satellite applications in commercial, defense & military, and government end users. This high scale of growth of the space industry is subsequently influencing nano satellite market, wherein a new range of programs are being carried out to develop latest nano satellite technologies. The growing demand of small satellite constellations for satellite applications, such as remote sensing, navigation, communication, and earth observation is the major factor driving the growth of nano satellite market. Moreover, continuous advancements in electronic satellite equipment, for instance, 3D printed electronic circuitry for nano satellite equipment, is expected to boost the growth of the market during the forecast period, 2017-2021. In terms of revenue, nano satellite market generated $127.20 million in the year 2016.