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New report shows rapid growth for the global Nano Satellites market

New report shows rapid growth for the global Nano Satellites market

Satellites have revolutionized the way in which we send and receive data. With that said, however, some satellites are significantly smaller than others. The following report scrutinizes the global nano satellites market and where it's headed.

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Statistics show there are currently nearly 1,900 artificial satellites in Earth's orbit. Some of these satellites are used to track weather patterns, whereas others are used to stream TV or internet.

Regardless, all satellites are designed to collect and/or relay data.

Some satellites, however, are smaller than others.

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Nano satellites, for example, are classified as artificial satellites with a mass of just 1 kilogram to 10 kilograms. Nano satellites are relatively new, emerging in the past few decades.

But during that time, they've become a popular alternative to conventional, full-sized satellites.

With their low mass, nano satellites are cheaper to launch. The mass of any payload will directly influence its launch cost.

The more massive a payload, the more fuel the rocket booster system must consume to propel it into Earth's orbit. Nano satellites have a low mass, so they don't require as much rocket fuel as conventional satellites, thereby lowering the launch cost for aerospace companies.

You might be wondering just how smaller nano satellites are than conventional satellites. Well, a conventional medium-sized satellite has a mass of 500 kilograms to 1,000 kilograms.

In comparison, nano satellites have a mass of just 1 kilogram to 10 kilograms. There are also large satellites, which have a mass of over 1,000 kilograms.

As you can see, nano satellites are significantly smaller and less massive than their conventional counterparts.

It's important to note that nano satellites aren't the smallest type of satellite. Pico satellites are classified as artificial satellites with a mass of 0.1 kilogram to 1 kilogram.

The smallest type of satellite, however, is femto. Femto satellites have a mass of less than 0.1 kilogram.

The Nano Satellites Market to 2027 - Global Analysis and Forecasts report by The Insight Partners is a comprehensive study of the global nano satellites market. This report segments the market by several criteria.

On the basis of components, the market is segmented into hardware and software. On the basis of applications, the market is segmented into communication, scientific research, navigation, earth observation & sensing and ISR.

On the basis of end users, the market is segmented into defense & security, government, commercial and civil. 

Some of the key nano satellite vendors profiled in this report include Gomspace A/S, ISIS - Innovative Solutions In Space B.V., SPIRE, Surrey Satellite Technology Limited, Hawk Institute for Space Sciences, Northrop Grumman Corporation, Tethers Unlimited, Inc., Pumpkin, Inc., Southern Stars Group, LLC and Boeing among others. Each vendor is thoroughly scrutinized to provide an in-depth look at the global nano satellites market.

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