The nanosatellite is any satellite weighing in the range of 1kg and 10kgs, whereas microsatellites fall anywhere between 10kgs and 100kgs. These satellites can perform almost all functions of a conventional satellite and at a considerably lower cost. Nanosatellites and microsatellites are often used for communication as well as for gathering global real-time data. Many companies commercialize this data by distributing it to customers across a vast geographic area. The nanosatellite and microsatellite market is characterized by continuous innovation and technological advances by the key industry players.
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The nanosatellite and microsatellite market is anticipated to grow in the forecast period owing to driving factors such as the increasing demand for LEO-based services and earth observation related applications. Besides, improved focus on reducing the cost of the miniature satellite is likely to augment the growth of the nanosatellite and microsatellite market.
The List of Companies
1. AAC Clyde Space AB
2. Axelspace Corporation
3. Berlin Space Technologies GmbH
4. ISIS – Innovative Solutions In Space B.V.
5. Lockheed Martin Corporation
6. NanoAvionics (AST and Science LLC)
7. Raytheon Company
8. RUAG Group
9. Surrey Satellite Technology Limited (Airbus)
10. Tyvak Nano-Satellite Systems, Inc. (Terran Orbital Corporation)
