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Press Releases from Allied Analytics LLP (3502 total)

Automotive Wheel Market Progresses at $47,355.3 Mn by 2025: Hitachi Metals, Stee …

the global automotive wheel market size was valued at $30,011.3 million in 2017 and is projected to reach at $47,355.3 million by 2025, growing at a CAGR of 5.7% from 2018 to 2025. Wheel is an essential part of a motor vehicle, whose demand is directly connected to the automotive industry. Wheels should be strong enough to bear the vehicle weight and withstand forces caused by operation. The automotive wheel market

Automotive Lightweight Materials Market to See Incredible Growth of $126.76 bill …

The global automotive lightweight material market size was valued at $71.65 billion in 2020, and is projected to reach $126.76 billion by 2030, registering a CAGR of 7.1% Europe was the highest revenue contributor, accounting for $26.15 billion in 2020, and is estimated to reach $50.45 billion by 2030, with a CAGR of 8.0%. Europe dominates the market in terms of revenue, followed by North America, Asia-Pacific, and LAMEA. The U.S.

Automotive LiDAR Market Develop Rapidly at $1.83 Billion by 2028: Continental AG …

The global automotive LiDAR market size was valued at $221.7 million in 2020, and is projected to reach $1,831.9 million by 2028, registering a CAGR of 30.3%. North America is the highest revenue contributor, followed by Europe, Asia-Pacific, and LAMEA. On the basis of forecast analysis, Asia-Pacific is expected to lead the market during the forecast period, owing to the increasing demand for semi-autonomous vehicles and expansion of global automotive LiDAR

Automotive Switches Market to be at Forefront $43.26 Billion by 2027: Johnson El …

Automotive switches play a pivotal role in a vehicle's electronic system, serving various functions. They stand as fundamental elements in a car, governing its entire electrical apparatus. Found universally across all vehicle categories due to their advanced features, these switches are easy to use and offer prompt responses. In a standard vehicle, they manage operations like the HVAC systems, power windows, and power seats. Vehicles are equipped with diverse switch

Amphibious Vehicle Market Register a Stout Growth of $5.02 Billion by 2027: Lock …

The global amphibious vehicle market size was valued at $2,704.30 million in 2019, and is projected to reach $5,029.10 million by 2027, registering a CAGR of 8.5% from 2020 to 2027. An amphibious vehicle can operate both on land and in water. These vehicles play a crucial role in supporting military operations during amphibious assaults and also serve as machinery for river dredging and land reclamation. Therefore, they serve both defense

Traction Motor Market foreseen to drive at $30.06 Billion by 2027: Siemens, CRRC …

The global traction motor market size was valued at $10.78 billion in 2019, and is projected to reach $30.06 billion by 2027, registering a CAGR of 13.7%. Traction motors are electric motors specifically designed to drive vehicles. As technology has evolved, these motors are now employed in a variety of vehicles, from locomotives and electric cars to elevators and excavators. In the past, vehicles primarily relied on diesel or petrol engines

Courier, express, and parcel market to reach $749,018.3 Million by 2031- ARAMEX, …

The courier, express, and parcel (cep) market size was valued at $407.7 billion in 2021, and is estimated to reach $749 billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031. The concept of courier, express, and parcel is typically attributed to the service that offers logistic services in specific areas. The offer of the service providers differs in the speed, weight, and volume of the packages and

Aerospace Adhesives Market to Pronounce Growth of $1,408.9 Million in 2031- Perm …

The aerospace adhesives market was valued at $0.90 billion in 2021, and is estimated to reach $1.4 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031. Asia Pacific dominated the aerospace adhesive market size in terms of growth, followed by North America, Europe, and LAMEA. The U.S. dominated the market share in 2021. The aerospace adhesive market is expected to witness a significant growth rate owning to increase

Electric Ships Market Expected to Reach $23.8 Billion by 2032-Allied Market Rese …

Traditional ships produce a large amount of exhaust gases, such as carbon dioxide, sulfur oxides, nitrogen oxides, soot particles, and fine dust, which heavily pollute the environment. As per estimation, shipping accounts for 18% - 30% of nitrogen oxide. Because ships are among the most serious sources of pollution in seaports, the majority of ships are turning into electric ones. In the recent few years, electric ships have gained enormous popularity.

Automotive Torque Actuator Motor Market to Witness Growth of $14.9 Bn by 2031- M …

The rise in demand for commercial vehicles in developing nations owing to urbanization and increased industrial production is anticipated to exhibit remarkable growth in the coming years. For instance, the commercial vehicle segment in the Indian automotive industry experienced an extraordinary growth rate in both light commercial as well as medium & heavy commercial vehicle segments. Commercial vehicles are mostly rear-wheel-drive vehicles, which require high-performance differential assemblies to perform driving

Military Antenna Market to Reach $6.7 Billion by 2031: Cobham, Raytheon Company, …

The concept of the military antenna is typically attributed to a military communication system in which the antenna is used as a device that uses a transducer to convert radio frequency into alternating electricity. It is integrated into machinery and other heavy equipment as they are alarms to stop running operations after detecting seismic vibration. The demand for antennas for aerial, maritime, and ground military operations has increased recently in

ATV and UTV Market to Receive Hike in Revenues $18.6 billion by 2031- BRP, CFMOT …

All terrain vehicle (ATV) and utility terrain vehicle (UTV) are special kind of off-road vehicles which are used to perform numerous activities such as leisure activities, patrolling, agricultural usage & other activities. These vehicles are designed in such a way that they offer superior performance during usage and at the same time, they are cheaper in cost. Moreover, companies operating in the production of advanced ATVs & UTVs have been

Smart Energy Market: The Advanced Guide | Asia-Pacific Growing 10.7% by China, S …

According to a new report published by Allied Market Research, The global smart energy market size was valued at $124.0 billion in 2019, and is projected to reach $253.1 billion by 2027, growing at a CAGR of 9.6% from 2020 to 2027. Smart energy refers to the use of advanced technologies, data analytics, and intelligent systems to optimize the generation, distribution, consumption, and management of energy resources. The goal of

Solar Farm Market to grow at 19.8% CAGR To 2027 | Asia-Pacific 19.5% Growing by …

According to a new report published by Allied Market Research, The global solar farm market was valued at $61.4 billion in 2019, and is projected to reach $261.0 billion by 2027, registering a CAGR of 19.8% from 2020 to 2027. A solar farm, also known as a solar power plant or solar energy facility, is a large-scale installation of solar panels designed to capture sunlight and convert it into electricity. These

Axial Flow Pump Market to Exhibit Hyper Growth Ahead | Asia-Pacific CAGR of 5.3% …

According to a new report published by Allied Market Research, The global axial flow pump market forecast was valued at $27.4 billion in 2020, and is projected to reach $42.1 billion by 2030, growing at a CAGR of 4.4% from 2021 to 2030. An axial flow pump is a type of centrifugal pump that is designed to move fluid through a system in a direction parallel to the pump shaft. In

Aviation Analytics Market Foreseen to Grow $8.21 billion by 2030- Accelya, Gener …

North America dominates the market, in terms of revenue, followed by Europe, Asia-Pacific, and LAMEA. The U.S. dominated the global aviation analytics Industry share in North America in 2020, owing to increase in R&D activities; technological developments by key players; rapid adoption of innovative technologies in making reliable, precise, and efficient aviation analytics. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in

Driving simulator market to grow at 7.4% CAGR by 2032 -Allied Market Research

The driving simulator market was valued at $2 billion in 2022, and is estimated to reach $4 billion by 2032, growing at a CAGR of 7.4% from 2023 to 2032. Asia-Pacific currently dominated the driving simulator industry size in 2022. This was primarily due to numerous growing economies deal with difficult issues including the requirement for comprehensive driver training programs as the Asia-Pacific area sees a rise in demand for driving

The Future of Aircraft Propulsion: Electric and Hybrid Systems

The aircraft engine market holds a great potential over the coming years backed by rise in inflight passengers across the globe, aircraft modernization contracts on commercial as well as military verticals, development of infrastructure related to aviation industry, and R&D practiced by global players to improve fuel efficiency of aircraft engines and reduce overall carbon footprint. The post pandemic situation where individuals across the globe are more inclined toward traveling

Relays in Hybrid and Electric Vehicles: A New Era of Control

According to the report published by Allied Market Research, the global automotive relay market generated $15.58 billion in 2021 and is estimated to amass $26.88 billion by 2031, registering a CAGR of 5.8% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The report is a helpful source of information for leading market

Hybrid and Electric Vehicles: Axle & Propeller Shaft Adaptations

The automotive axle & propeller shaft market size was valued at $29.3 billion in 2020, and is estimated to reach $45.3 billion by 2030, growing at a CAGR of 4.6% from 2021 to 2030. Asia-Pacific is expected to dominate the automotive axle & propeller shaft market owing to increase in demand for passenger vehicles from China, Japan, and India. In January 2021, vehicle sales in China experienced rise of 29.5% as

Electric Vehicle Charging Cable Market to Reach at 18.1% CAGR: Allied Market Res …

Electric vehicles (EVs) are installed with rechargeable battery packs, which can be charged through public or private station outlets. Thus, to charge the electric vehicles, EV charging cables are used in infrastructure (charging station) to charge them. These cables have two ends, one of which is attached to a connector & plugged into the electric vehicle, and the other into the charging point. The charging cable for electric vehicles supports

The Future is Now: How Regenerative Braking is Paving the Way for Greener Cars

The automotive regenerative braking system is a kinetic energy recovery system employed in energy-saving vehicles that recovers the energy lost during braking and then uses this energy to recharge the battery of vehicle. The amount of recoverable energy depends upon vehicle speed & stopping pattern. Furthermore, 5%-10% of transmitted energy can be saved by using a regenerative braking system. Presently, energy recovery systems in vehicles are used in passenger as

Commercial satellite imaging market to reach $9,195.2 million in 2031: Allied Ma …

Satellite imaging offers geospatial products and services for most government agencies and defense authorities for security-related applications. With high image quality and precision, satellite imaging is a proven source of information for any government or defense authorities, which helps in maximizing security programs. In addition, the information extracted from satellite images helps the local governments to better assess real-life situations. This, in turn, contributes toward developing live-saving and property-protection programs

Automotive motors market to Grow a value of $36.66 billion by 2027, with a CAGR …

There numerous applications, which incorporate a motor for its function such as windshield wipers, sun roof, HVAC blowers, power seats, ventilated seats, power windows, sliding doors, folding side mirrors, fuel pump, water pump, power steering, radiator fan, engine fan, steerable headlights, door locks, and more. Each successive model of a vehicle brings additional safety features, better intelligence, and more convenience, which lead to the increase in use of motors in

Automotive Trim market is projected to reach $43.35 billion by 2027, at a CAGR o …

Trims used in an automobile are the components made of plastic or polymer and are designed to perform various operations such as preventing the vehicle from damage caused by collision of vehicle. Trims used in a vehicle describes the special features of the vehicle and are described as trim level for a vehicle. These include front and rear bumpers, door interior trims, and similar components which are designed to provide

The Orbital IoT: Leveraging Small Satellites for Global Connectivity

Small satellites are being used by defense organizations to deploy spy solutions for tracking and monitoring enemy and terrorist activities worldwide. By type, the small satellite market is categorized into minisatellite, microsatellite, nanosatellite, and others. The minisatellite segment accounted for the highest revenue in 2020, owing to the increase in demand for high-speed internet connectivity globally and rise in deployment of satellites by telecommunication companies to increase their reach. Increased

Innovations in Electric Vehicles: The Rise of 800V EV Platform & Charging Infras …

The electric vehicle industry holds a great potential in the near future to change the global vehicular emissions scenario. Electric vehicles are witnessing wide adoption globally due to stringent vehicular emission norms to reduce carbon footprint and the changing vehicle architectures. The U.S. and European Union have issued standards, such as CAFÉ standards, for automobile manufacturers to be mandatorily incorporated in their vehicles. Numerous commercial and government fleet managers rely

Aircraft Micro Turbine Engine Market Size to Reach $75.9 Million by 2030

The global aircraft micro turbine engine market generated $34.8 million in 2020, and is predicted to reach $75.9 million in 2030, exhibiting a CAGR of 9.0%. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players. Rise in air passenger traffic across the globe and low operating and maintenance costs fuel the global aircraft micro turbine engine market. On the other hand,

Electric Vehicle (EV) Charging Connector Market to Reach $273.2 Million, at a CA …

An electric vehicle (EV) charging connector is a device that is used to connect an EV to a charging station or a power source to charge its battery. It is essentially the interface that allows the transfer of electrical energy from the charging infrastructure to the vehicle. An electric vehicle charging connector is an essential component that facilitates the transfer of electricity from a charging station to an electric vehicle

Revolutionizing Mobility: The Advancements in Electric Bike Technology

The electric bike has an integrated electric motor, pedals, and rechargeable batteries for forwarding propulsion. E-bikes allow commuters to travel greater distances and at higher speed than conventional bicycles. They are less expensive than electric scooters, motorcycles, and mopeds, and do not require insurance or a license. E-bike is an upcoming technology that has already gained traction in various countries. However, the e-bike industry overall is still in an early

Anti-fog Lidding Films Market: CAGR of 6.7% to Reach USD 1.3 billion by 2031

According to a new report published by Allied Market Research, titled, "Anti-fog Lidding Film Market," The anti-fog lidding film market size was valued at $675.80 million in 2021, and is estimated to reach $1.3 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031. 𝙂𝙚𝙩 𝙧𝙚𝙥𝙤𝙧𝙩, 𝙧𝙚𝙦𝙪𝙚𝙨𝙩 𝙛𝙤𝙧 𝙨𝙖𝙢𝙥𝙡𝙚: - https://www.alliedmarketresearch.com/request-sample/8654 The report provides an extensive analysis of the current and emerging global anti-fog lidding film market trends and

Asia-Pacific Dominated with 39.4% share of the global Beverage Packaging Market

According to a new report published by Allied Market Research, titled, " Beverage Packaging Market by Packaging Material, Beverage Type, and Packaging Type: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global beverage packaging market size is expected to reach $133.3 billion in 2026, from $86.1 billion in 2018, growing at a CAGR of 5.6% from 2019 to 2026. In 2018, Asia-Pacific dominated the market, in terms of revenue, accounting

Smart Elevators Market 2023: CAGR of 12.1% and Reach USD 57.3 Billion by 2031

According to a new report published by Allied Market Research, titled, "Smart Elevators Market," The smart elevators market size was valued at $18.5 billion in 2021, and is estimated to reach $57.3 billion by 2031, growing at a CAGR of 12.1% from 2022 to 2031. 𝙂𝙚𝙩 𝙧𝙚𝙥𝙤𝙧𝙩, 𝙧𝙚𝙦𝙪𝙚𝙨𝙩 𝙛𝙤𝙧 𝙨𝙖𝙢𝙥𝙡𝙚: https://www.alliedmarketresearch.com/request-sample/247 The report provides an extensive analysis of the current and emerging smart elevators market trends and dynamics. Depending on

Modular Chiller Market: USD 3.7 Billion and CAGR of 6.2% by 2027

According to a new report published by Allied Market Research, titled, "Modular Chiller Market by Product Type, Capacity, and End User: Opportunity Analysis and Industry Forecast, 2020-2027," the global modular chiller market size was $2.7 billion in 2019, and is projected to reach $3.7 billion by 2027, registering a CAGR of 6.2% from 2020 to 2027. 𝙂𝙚𝙩 𝙧𝙚𝙥𝙤𝙧𝙩, 𝙧𝙚𝙦𝙪𝙚𝙨𝙩 𝙛𝙤𝙧 𝙨𝙖𝙢𝙥𝙡𝙚: https://www.alliedmarketresearch.com/request-sample/9787 𝗧𝗵𝗲 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀 The key players profiled in the global modular

Global Ceramic Injection Molding Market Report: USD 746.2 million and CAGR of 8. …

According to a new report published by Allied Market Research, titled,"Ceramic Injection Molding Market: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global ceramic injection molding market size was $375.0 million in 2018 and is projected to reach $746.2 million in 2026, growing at a CAGR of 8.8%. The alumina segment accounted for over two-fifths of the market share in 2018 and is expected to witness significant growth during the

U.S Offsite Construction Market: USD 90.3 billion and CAGR of 8.5% by 2031

According to a recent report published by Allied Market Research, titled, "U.S. Offsite Construction Market by Basis of Type, Material, and End User Industry: Global Opportunity Analysis and Industry Forecast, 2022-2031," the U.S. offsite construction market size was valued at $39.5 billion in 2021, and is projected to reach $90.3 billion by 2031, registering a CAGR of 8.5% from 2022 to 2031. 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 :- https://www.alliedmarketresearch.com/request-toc-and-sample/32153 Common materials used in

What Will Modular UPS Market Look Like In The Future? Asia Pacific Dominates by …

According to a new report published by Allied Market Research, The global modular UPS market size was valued at $3.5 billion in 2020, and is projected to reach $7.5 billion by 2030, with global modular UPS market forecast expected at a CAGR of 8.1% from 2021 to 2030. A Modular Uninterruptible Power Supply (UPS) is an advanced power protection and backup solution that consists of multiple, interchangeable power modules that can

Global Modular Construction Market: CAGR of 5.7% and USD 14.7 Billion by 2030

According to a new report published by Allied Market Research, titled, "Global Modularization Market by Service, Material, and End User Industry: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global modularization market size accounted for $9.5 billion in 2020, and is expected to reach $14.9 billion by 2030, registering a CAGR of 5.7% from 2021 to 2030. In 2020, Asia-Pacific dominated the market, in terms of revenue, accounting for about

Wood Based Panel Market: USD 354.9 billion and CAGR of 6.4% by 2031

According to a new report published by Allied Market Research, titled, "Wood-Based Panel Market," The wood-based panel market was valued at $190.9 billion in 2021, and is estimated to reach $354.9 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031. 𝙂𝙚𝙩 𝙞𝙣𝙨𝙞𝙙𝙚 𝙎𝙘𝙤𝙤𝙥 𝙤𝙛 𝙩𝙝𝙚 𝙧𝙚𝙥𝙤𝙧𝙩, 𝙧𝙚𝙦𝙪𝙚𝙨𝙩 𝙛𝙤𝙧 𝙨𝙖𝙢𝙥𝙡𝙚: - https://www.alliedmarketresearch.com/request-sample/16418 The report provides an extensive analysis of the current and emerging global wood-based panel market trends and

3D Concrete Printing Market: CAGR of 131.8% and USD 1,256.5 billion by 2031

According to a new report published by Allied Market Research, titled, "3D Concrete Printing Market," The 3D concrete printing market size was valued at $371.70 million in 2021, and is estimated to reach $1,256.5 billion by 2031, growing at a CAGR of 131.8% from 2022 to 2031. 𝙂𝙚𝙩 𝙞𝙣𝙨𝙞𝙙𝙚 𝙧𝙚𝙦𝙪𝙚𝙨𝙩 𝙛𝙤𝙧 𝙨𝙖𝙢𝙥𝙡𝙚: - https://www.alliedmarketresearch.com/request-sample/1550 The growth of the global 3D concrete printing market in majorly driven by cost saving in construction projects,

Advanced Building Materials Market: USD 111.7 billion and CAGR of 6.8% by 2031

According to a new report published by Allied Market Research, titled, "Advanced Building Materials Market," The advanced building materials market was valued at $56.7 billion in 2021, and is estimated to reach $111.7 billion by 2031, growing at a CAGR of 6.8% from 2022 to 2031. 𝙂𝙚𝙩 𝙞𝙣𝙨𝙞𝙙𝙚 𝙧𝙚𝙦𝙪𝙚𝙨𝙩 𝙛𝙤𝙧 𝙨𝙖𝙢𝙥𝙡𝙚: - https://www.alliedmarketresearch.com/request-sample/16871 The advanced building materials market has witnessed significant growth over the past decade, owing to rise in construction business.

Mobile Water Treatment Market: USD 9.5 billion and CAGR of 9.4% by 2031

According to a new report published by Allied Market Research, titled, "Global Mobile Water Treatment Market," The global mobile water treatment market size was valued at $3.9 billion in 2021, and is estimated to reach $9.5 billion by 2031, growing at a CAGR of 9.4% from 2022 to 2031. 𝙂𝙚𝙩 𝙞𝙣𝙨𝙞𝙙𝙚 𝙎𝙘𝙤𝙤𝙥 𝙤𝙛 𝙩𝙝𝙚 𝙧𝙚𝙥𝙤𝙧𝙩, 𝙧𝙚𝙦𝙪𝙚𝙨𝙩 𝙛𝙤𝙧 𝙨𝙖𝙢𝙥𝙡𝙚: - https://www.alliedmarketresearch.com/request-sample/7418 The report provides an extensive analysis of the current and emerging mobile

Warehouse Automation Market: USD 57.6 Billion and a CAGR of 15.3% by 2031

According to a new report published by Allied Market Research, titled, "Warehouse Automation Market," The warehouse automation market size was valued at $13.6 billion in 2021, and is estimated to reach $57.6 billion by 2031, growing at a CAGR of 15.3% from 2022 to 2031. In 2021, North America dominated the global warehouse automation market, in terms of revenue. Moreover, the market in Asia-Pacific is expected to grow with the highest

Beyond Green Ports: Spearheads Electric Ship Movement for Sustainable Oceans

Electric ships are water-based vessels that utilize electric motors, eliminating the need for conventional combustion engines and resulting in zero emissions. This makes them a highly sustainable option for urban transportation. In addition to their eco-friendly nature, electric ferries provide several distinct advantages over conventional ferries, which includes cost-effectiveness, reduced noise and vibration, enhanced efficiency, improved passenger experience, and lower maintenance requirements. Electric ferries provide cost advantages through lower operational

Railway Telematics Unveiled: A Game-Changer for Sustainable and Smart Transport

Railway telematics is the combination of numerous components such as sensors, GPS & navigation system, LiDAR, RADAR and several components which are helpful in safer and smoother propulsion of the train. With the advancement in technology followed by the development of railway infrastructure, the need for the installation of several devices aroused which has the potential to provide real-time information of the train in all conditions. The global railway telematics industry

Revolutionizing Pharma: New Blockchain-Based Supply Chain Launched

The pharmaceutical supply chain industry size was valued at $66 billion in 2021, and is estimated to reach $106.8 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031. There are prominent key factors that drive the growth of the pharmaceutical supply chain market, such as growth in pharmaceutical sector, increase in international trade activities, and increase in demand for reverse logistics in pharmaceutical sector. The global logistics

A New Era of Performance: Hypercar Sets New Standards

According to a new report published by Allied Market Research, titled, "Hypercar Market," The Hypercar Industry Size was valued at $15.2 billion in 2021, and is estimated to reach $224.5 billion by 2031, growing at a CAGR of 31.1% from 2022 to 2031. Europe is expected to dominate the global hypercar market. Italy, Germany, and UK are some of the leading producers. The prominent presence of the industry's leading players is

A Game-Changer in Energy Logistics: Smart Tracking for Seamless Transits

According to a new report published by Allied Market Research, titled, "Energy Logistics Market," The Energy Logistics Industry was valued at $351.20 billion in 2021, and is estimated to reach $1,383.74 billion by 2031, growing at a CAGR of 14.7% from 2022 to 2031. The concept of energy logistics is typically attributed to the outsourcing model of energy-based logistics operations, where the service provider integrates with the company's supply chain department.

Revolutionizing Supply Chains: The New Face of 3PL in 2031

Third-party logistics is an outsourced activity related to the management of flow of goods in a supply chain of the company and its delivery of products from the manufacturer to the consumer on time. These services go beyond logistics and include value-addition to the entire process from procurement of goods to the distribution of furnished products to the customers establishing an effective and efficient supply chain. 3PL services are used

The Miniaturized Revolution: Unpacking the Potential of Nanosatellites and Micro …

Increase in production and launch of CubeSats and smaller size and weight of nanosatellite and microsatellite than conventional satellites have boosted the growth of the global nanosatellite and microsatellite market. However, stringent government regulations and limitations of small satellites regarding payload accommodation hinder the market growth. On the contrary, rise in demand for satellite data and increase in demand for nanosatellites and microsatellites from the commercial sector are anticipated to

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