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Global Nano Satellite Market Analysis 2018-2023

Owing to the demand for global coverage and excellent versatility, the satellite communication constantly alters the electronic technologies deployed in subsystems such as, power system, telecommunication system, propulsion system, payloads, and many more. New global information networks and electronic information management systems provide opportunities to improve the efficiency of the satellite along with cost and size reduction. Further, Mobile satellite communication (MOST) is becoming a key growth point for the overall nano satellite industry and the advancements in electronic technologies. Exploring new electronic technologies for components such as antenna, transceivers, amplifiers, on-board data handlers, on-board computers, and satellite sensor and conducting system-level optimization are highly expected to be the future trends in nano satellite market.

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The antenna used in the nano satellites has been significantly advanced over the years. Due to the particularities, satellite communication has special needs regarding antenna gain, size, weight, side lobe level, and mobility, to boost the tracking speed of the satellite. Moreover, the increased demand for power is the dominant factor in driving the development and utilization of new geostationary orbit (GEO) nano satellite technology, especially to meet weight and cost constraints.

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Similar innovation has been witnessed in the propulsion systems that are deployed in the satellites. New start-up companies focusing on developing technologically advanced propulsion system that can match the mass, power and volume constraints in the satellite, have emerged in the market. For instance, in June 2018, Enpulsion, an Austria-based company developed a propulsion system namely IFM Nano Thruster that can fit into a satellite with one-unit form factor. Similarly, in July 2018, Apollo Fusion, a U.S. based company raised $XX million to develop small satellite electric propulsion system.

Furthermore, the demand for increased microwave power from the satellite is the most prominent factor in driving the insertion of nano satellite technology into modern GEO satellites. The power subsystem is composed of the solar array, batteries, and the power conditioning electronics. Over the past years, research and development activities have been conducted resulting in remarkable progress to make the solar cells of the satellite available with significantly higher efficiency in the coming years.

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