London, 22 June 2015 – Technavio, a tech-focused research firm, has published a new research report on the global satellite manufacturing and launch market, which is expected to grow at a CAGR of nearly 5% from 2015-2019.
The new industry analysis report from Technavio provides detailed insights about the growing demand for satellite capabilities in military and defense applications. Sufficient satellite-based infrastructure can provide access to near-real-time information and imagery, such as in aerial reconnaissance operations.
“A lot of growth in this segment is due to the advent of all-electric propulsion systems such as micro-thrusters, which can be used for the propulsion of nano and microsatellites. They minimize the launch mass by eliminating the need for large amounts of fuel, enabling the maximum utilization of available payload,” says Faisal Ghaus, Vice President of Technavio.
The latest Technavio report emphasizes the development of reusable space launch vehicles. The use of reusable space launch vehicles can substantially reduce costs in the market, if these rockets can be effectively used for multiple missions. Several companies have been working to develop such reusable space launch vehicles that can re-enter the Earth’s atmosphere without burning and return to the launch pad for a vertical landing.
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
