Vendors to form collaborations with space launch system developers and service providers
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global nano and microsatellite market in their latest research report. This report also lists eight other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated by the sales of nano and micro satellites.
This Technavio report, under the space vertical, is based on the synthesis, analysis, and interpretation of information about the global nano and microsatellite market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The global nano and microsatellite market is highly competitive with vendors competing on the basis of the cost of the satellite, technological advancements, lightweight and small-sized satellite platforms, reliability, and market share. Vendors also have to focus on optimizing their product development process to provide cost-effective and high-quality products and solutions in order to gain shares in the highly competitive market. Additionally, the vendors will also have to collaborate and work together with the space launch system developers and service providers to gain traction in the market. Such collaborations will focus primarily on solving issues that hinder the growth of the nano and microsatellite industry.
“The trend of miniaturization has caught up with the microsatellites market as well. The miniaturization of radar cameras reduces the overall weight of satellites. The availability of advanced technologies makes it possible to reduce the size of these cameras to fit in the palm of a human hand. The camera is cost-effective and industrially viable, with a production cost of $10,000 per unit. It also consumes less than 200 watts and delivers better quality images as compared to traditional designs. Space X, NXP Semiconductors, Panasonic, and Thales are some of the key stakeholders who have expressed interest in this trend,” says Abhay Kumar Singh, a lead analyst at Technavio for research on space.
Top five vendors in the nano and micro satellites market space
Dauria Aerospace
Dauria Aerospace is a provider of spacecraft for telecommunication, Earth observation, and polar broadband services. The company also offers satellites that are used in environmental, agricultural, civil government, forestry, energy, marine, emergency, and logistics applications. The company’s primary focus areas include the development and manufacture of a new generation of cell phones and components for smaller satellites. Dauria Aerospace has satellite development centers in Moscow, Russia, and California, US.
Key products: Geostationary platforms and Microsatellite platforms.
Deep Space Industries
Deep Space Industries specializes in the design and manufacture of constellations of small satellites that are used for communication and computing applications. The company’s end users are comprised of commercial customers and government and university research projects. In October 2015, Deep Space Industries formed a partnership with Innovative Solutions in Space (ISIS). As part of this partnership, the company uses ISIS flight proven hardware and avionics to provide nanosat platforms.
Key products: Nano and microsatellites, Propulsion systems, Space mission design services, and Spacecraft manufacturing.
Innovative Solutions In Space
Innovative Solutions In Space is a provider of nanosatellites, CubeSats, launch services, turnkey missions, satellite testing, nanosatellite insurance, and satellite TT&C ground stations. The ongoing projects of the company include QB50, OLFAR (Orbital Low-Frequency Array), and Triton 1 and Triton 2. Space systems engineering, end-to-end space systems capability, miniaturized systems, and deployable systems and mechanisms are some of the key competencies of the company.
Key products: CubeSat products, Ground systems, Hands-on training services, Launch services, Payload integration, Software integration, and Spacecraft platforms.
Lockheed Martin
Lockheed Martin engages in the R&D, production, and supply of advanced technology systems, products, and services to global defense, space, and aerospace industries. In FY2015, the company generated a revenue of more than $46 billion. The company operates through two key business segments – space and others. The space segment of Lockheed Martin engages in the R&D, designing, engineering, and production of satellites, strategic and defensive missile systems, and space transportation systems. The other segment focuses on aeronautics, missiles and fire control, mission systems and training, and information systems and global solutions.
Key products: Microsatellites, Television infrared observation satellites, Nanosatellites, and Satellite communication and radio frequency (RF) payloads.
SpaceQuest
SpaceQuest engages in the development of advanced satellite technology for university, government, and commercial applications. SpaceQuest Canada, a subsidiary of the company, serves government and private organizations throughout Canada. The company has launched 18 satellites since 1994. The key focus area of the company is the development of SP-C CubeSat solar panels and S-Band transmitters used in satellites.
Key products: Microsatellites, Television infrared observation satellites, Nanosatellites, and Satellite communication and radio frequency (RF) payloads.
Other prominent vendors in this market include Bremed, EmsiG, iHealth, Jawon, KERN, Marsden, Mediagate, Medisana, Microlife, Qardio, and Withings.
A more detailed analysis is available in the Technavio report, Global Nano and Microsatellite Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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Browse related reports:
- Global Satellite Manufacturing and Launch Market 2016-2020
- Global Satellite-Based Augmentation Systems 2016-2020
- Global Satellite Manufacturing and Launch Market 2015-2019
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