Microsatellite Market: Global Advancements, Conversion Trends, Business Models, Technology Roadmap, Worldwide Forecasts & Analysis (2013

The Microsatellite (microsat) market with a promising growth rate shows immense opportunities in the next 3 to 5 years. Microsats are increasingly being adopted to replace massive budget large satellite systems due to their mass production at a lower cost of manufacture. Microsats pose minimum financial loss in case of failure and is an ideal testing platform for new technologies. Due to the ease of launching microsats in groups the overall cost of launch is also reduced. The demand for microsatellites is on the rise owing to its extensive application in telecommunications, earth observations/remote sensing, scientific research, biological experiments/pharmaceuticals, technology demonstrations, defense operations and academic training.

Key market players such as Sierra Nevada Corporation, Surrey Satellite Technology Ltd are offering microsat manufacturing and launch services. The Microsatellite industry research report analyzes global adoption trends, evolving platforms and forces in this rapidly emerging market across various geographies. It also provides insights into the key market players, future scope, drivers, restraints and challenges of the market.