Global Nanosatellite And Microsatellite Production Was About 168 Units In 2017
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The term "nanosatellite" or "nanosat" is applied to an artificial satellite with a wet mass between 1 and 10 kg (2.2 and 22.0 lb).
In recent time, high growth in the communication, scientific research, earth observation and other industries is some of the major drivers of global Nanosatellite and Microsatellite industry.
In the past five years, global Nanosatellite and Microsatellite industry has experienced a period of rapid growth, in 2017, the production was about 168 Units, and in 2018, the production will be about 218 Units.
Global Nanosatellite and Microsatellite industry shows a high concentration degree due to the high technical barriers. In terms of geography, North America is the largest consumption region with a 51.54% global market share in 2017, followed by Europe with 30.79%.
In the next years, it is estimated that global satellite industry, as well as the Nanosatellite and Microsatellite industry, will continue developing with high growth rate of 20.20%.
In the future, emerging countries will become the main driving force for Nanosatellite and Microsatellite industry, like China, India and so on.