NASA Space Missions Pinpoint Sources of CO2 Emissions on Earth A case study involving Europe’s largest coal-fired power plant shows space-based observations can be used to track carbon dioxide emissions – and reductions – at the source. A duo of Earth-observing missions has enabled researchers to detect and track carbon dioxide (CO2) emission changes from a single facility, using the world’s fifth-largest coal-fired power plant as a test case. In the recent study, researchers used space-based measurements from NASA’s Orbiting Carbon Observatory (OCO) 2 and 3 missions to quantify the carbon dioxide discharged hundreds of miles below at Bełchatów Power Station in Poland, the largest single emitter in Europe. Analyzing the plant’s emission plumes from several satellite overpasses between 2017 and 2022, they detected changes in carbon dioxide levels that were consistent with hourly fluctuations in electricity generation. Temporary and permanent unit shutdowns (for maintenance or decommissioning) reduced the plant’s overall emissions, which the team was able to detect as well. The findings demonstrate that space-based observations can be used to track carbon dioxide emission changes at a local scale, the scientists said. Launched in 2014, NASA’s OCO-2 satellite maps natural and human-made (anthropogenic) carbon dioxide emissions on scales ranging from regions to continents. The instrument samples the gas indirectly by measuring the intensity of sunlight reflected off Earth’s surface and absorbed by carbon dioxide in the column of air from the ground to the satellite. OCO-2’s spectrometers are tuned to detect the specific signature of CO2 gas. Spare components from that mission were used to create OCO-3, an instrument that has flown on the International Space Station since 2019. OCO-3 was designed with a mapping mode that can make multiple sweeping observations as the space station passes over an area, allowing researchers to create detailed mini-maps from a city-scale area of interest. Neither OCO instrument was originally designed specifically to detect emissions from individual facilities such as Bełchatów, so the new findings are a “pleasant surprise,” said Abhishek Chatterjee, project scientist for the OCO-3 mission at NASA’s Jet Propulsion Laboratory in Southern California. “As a community we are refining the tools and techniques to be able to extract more information from the data than what we had originally planned,” he added. “We are learning that we can actually understand a lot more about anthropogenic emissions than what we had previously expected.” Tracking Carbon Into the Future Emissions from large facilities such as power plants and refineries account for about half of global carbon dioxide emissions from fossil fuels. Bełchatów Power Station, in operation since 1988, is the largest lignite-fired power plant in the world, with a reported capacity of 5,102 megawatts. Lignite (brown coal) typically leads to higher emissions per megawatt generated than anthracite (hard coal). The Polish government has drafted plans to close the plant by the end of 2036. Ray Nassar, a senior researcher at Environment and Climate Change Canada and the study’s lead author, noted that most carbon dioxide emissions reports are created from estimates or data collected at the land surface. Researchers account for the mass of fossil fuels purchased and used, then calculate the expected emissions; they generally do not make actual atmospheric carbon dioxide measurements. “The finer details about exactly when and where emissions occur are often not available,” Nassar said. “Providing a more detailed picture of carbon dioxide emissions could help to track the effectiveness of policies to reduce emissions. Our approach with OCO-2 and OCO-3 can be applied to more power plants or modified for carbon dioxide emissions from cities or countries.” Because of the mapping mode observations of OCO-3, NASA data could be used more extensively in quantifying CO2 point-source emissions in the future. NASA recently announced that mission operations will be extended for several more years aboard the space station, and the instrument will operate alongside another greenhouse gas observer aboard the space station, the Earth Surface Mineral Dust Source Investigation (EMIT). “It is really exciting to think that we will get another five to six years of operations with OCO-3,” Chatterjee said. “We are seeing that making measurements at the right time and at the right scale is critical.” He added that OCO-3 can serve as a “pathfinder” for next-generation satellite missions. The OCO-2 and OCO-3 projects are managed by JPL. Caltech manages JPL for NASA. TOP IMAGE....Lights brighten the night sky in this image of Europe, including Poland, taken from the International Space Station. Aboard the orbiting laboratory is NASA’s OCO-3, an instrument that can be used for tracking carbon dioxide emission changes at a local scale. Credit: NASA CENTRE IMAGE....This illustration shows NASA’s OCO-2 satellite, launched in 2014. As it orbits Earth, the spacecraft maps natural and human-made carbon dioxide emissions on scales ranging from regions to continents. Light-analyzing spectrometers are tuned to detect the telltale signature of the gas. Credit: NASA/JPL-Caltech LOWER IMAGE....This illustration shows NASA’s OCO-3 mounted on the underside of the International Space Station. The instrument, launched in 2019, was not originally designed to detect carbon dioxide emissions from individual facilities but scientists said it will be used for more point-source studies in the future. Credit: NASA/JPL-Caltech

Technical Ceramics Market Size to be Worth USD 16.2 billion by 2031, with Notable CAGR of 6.7 %

The global technical ceramics market is estimated to flourish at a CAGR of 6.7% from 2023 to 2031. Transparency Market Research projects that the overall sales revenue for technical ceramics is estimated to reach US$ 16.2 billion by the end of 2031.

A pivotal growth factor is the rise of space exploration initiatives. The increased exploration of outer space demands ceramics that can withstand extreme conditions, such as thermal shock and radiation resistance. This specialized requirement has spurred research and development in ceramics suitable for aerospace applications, including propulsion systems and satellite components.

The integration of ceramics in renewable energy technologies constitutes an emerging driver. As the world shifts towards cleaner energy sources, ceramic components play a crucial role in solar panels, fuel cells, and energy storage systems. The demand for ceramics capable of withstanding high temperatures, corrosion, and electrical insulation in these applications fuels market growth.

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Market Segmentation

The technical ceramics market can be segmented based on service type, sourcing type, application, industry vertical, and region.

By Service Type:

Material Processing

Design and Development

After-sales Services

By Sourcing Type:

In-house

Outsourced

By Application:

Electronics

Automotive

Medical

Aerospace

Industrial

Others

By Industry Vertical:

Healthcare

Automotive

Aerospace & Defense

Electrical & Electronics

Energy & Power

Others

By Region:

North America

Europe

Asia-Pacific

Latin America

Middle East & Africa

Regional Analysis

North America: Leading the market due to the presence of major manufacturers and extensive R&D activities.

Europe: Significant growth attributed to the automotive and aerospace sectors. Asia-Pacific: Expected to witness the highest growth rate, driven by rapid industrialization and expanding electronics manufacturing.

Latin America: Growing investments in industrial sectors are boosting market demand.

Middle East & Africa: Emerging markets with increasing adoption of advanced materials in various industries.

Market Drivers and Challenges

Drivers:

Technological Advancements: Innovations in manufacturing processes and material science.

Rising Demand in Electronics: Increasing use of technical ceramics in electronic components.

Automotive Industry Growth: Need for lightweight, durable materials in vehicle manufacturing.

Medical Sector Expansion: Growing use of biocompatible ceramics in medical implants and devices.

Challenges:

High Production Costs: Advanced ceramics production involves high costs, impacting pricing strategies.

Complex Manufacturing Processes: Technical challenges in manufacturing high-performance ceramics.

Environmental Concerns: Regulations regarding the environmental impact of ceramic production.

Market Trends

Nanotechnology Integration: Enhancing properties of technical ceramics through nanotechnology.

Sustainable Manufacturing: Focus on reducing environmental impact and improving sustainability.

Customized Solutions: Growing demand for application-specific ceramic products.

Collaborative Innovations: Partnerships between industry players and research institutions.

Future Outlook

The future of the technical ceramics market looks promising with continuous advancements and expanding applications. Innovations in material science and the adoption of sustainable practices are expected to open new avenues for market growth. The market is likely to see increased adoption in emerging sectors such as renewable energy and electric vehicles, further driving demand.

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Key Market Study Points

Detailed analysis of market size and growth projections.

Examination of market segmentation and regional analysis.

Insights into market drivers, challenges, and trends.

Future outlook and potential opportunities for market players.

Evaluation of the competitive landscape and recent developments.

Competitive Landscape

The technical ceramics market is highly competitive with key players such as:

3M Company

CeramTec GmbH

CoorsTek, Inc.

Kyocera Corporation

Morgan Advanced Materials

Saint-Gobain Ceramics & Plastics, Inc.

Murata Manufacturing Co., Ltd.

NGK Spark Plug Co., Ltd.

These companies are focusing on strategic initiatives like mergers and acquisitions, product innovation, and expansion into emerging markets to strengthen their market position.

Recent Developments

3M Company introduced a new range of high-performance ceramic coatings for industrial applications.

CeramTec GmbH expanded its production capabilities with a new facility in Asia to cater to the growing regional demand.

Kyocera Corporation launched innovative ceramic components for next-generation electronic devices.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

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CORPORATE HEADQUARTER DOWNTOWN,

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Website: https://www.transparencymarketresearch.com  

Forecasting the Future: Market Trends and Share in the Aircraft Electrification Industry

The Aircraft Electrification Market is experiencing significant growth, with market statistics indicating a value of USD 6.0 billion in 2021 and a projected increase to USD 20.0 billion by 2030, reflecting a remarkable CAGR of 14.3% during the forecast period. This growth is primarily attributed to the rising adoption of cleaner and greener aircraft, advancements in advanced air mobility, and the exploration of alternative energy sources.

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Key Players: Major companies leading the aircraft electrification market include Honeywell International Inc. (US), GE Aviation (US), Safran (France), Thales Group (France), and Raytheon Technologies (US). These companies have established themselves as key players in the market and are driving innovation through various strategies.

Honeywell International Inc.: Honeywell International Inc. operates across four segments and is renowned for its expertise in engineering and manufacturing high-performance navigation and sensor products. With a focus on aerospace products and services, Honeywell offers a technologically advanced portfolio that includes auxiliary power units, propulsion engines, environmental control systems, and wireless connectivity services, among others.

General Electric Company (GE): GE, an industrial giant, operates through its Industrial and Financial Services segments. In the aerospace sector, GE focuses on developing innovative solutions, such as the inertial navigation system used by the US Marine Corps and satellite communication systems for leading companies like Boeing. Collaborations, such as the partnership with NASA for developing inverters for large commercial electric aircraft, underscore GE's commitment to innovation.

Safran: Safran, a French multinational, specializes in aircraft engines, aerospace components, and defense systems. Its subsidiary, Safran Electronics & Defense, offers cutting-edge technologies for civil and military applications. Safran is actively developing new technologies aligned with market demands, including next-generation aircraft engines, 3D printing, and more electric aircraft components, to reduce fuel consumption and enhance performance.

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In summary, the Aircraft Electrification Market is witnessing robust growth, driven by increasing environmental concerns and technological advancements. Key players are leveraging strategic initiatives to capitalize on emerging opportunities and drive innovation in this dynamic market landscape.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road, Suite 430, Northbrook, IL 60062 USA: +1-888-600-6441 Email: [email protected]

Small Satellite Market: Forthcoming Trends and Share Analysis by 2030

Small Satellite Market Size Was Valued at USD 3.20 Billion in 2022, and is Projected to Reach USD 11.08 Billion by 2030, Growing at a CAGR of 16.8% From 2023-2030.

The small satellite is a disruptive technology in space industries. Traditionally, space industries were dominated by satellites which have thousands of kilograms and are bulky and expensive. Small satellites denote a new generation of miniaturized satellites that, by taking advantage of modern technologies (e.g., integrated circuits, digital signal processing, MEMS, and additive manufacturing), can achieve a significant reduction in volume, mass, development time, and cost of satellites.

The launch of the first artificial Earth “small” satellite, Sputnik 1, triggered the space race in 1957. In the decades that followed, there was the development of increasingly larger satellites to provide reliable services from space over extended periods.

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The latest research on the Small Satellite market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Small Satellite industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Small Satellite market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

Leading players involved in the Small Satellite Market include:

SpaceX (USA), Planet Labs (USA), Blue Origin (USA), OneWeb (UK), Spire Global (USA), Rocket Lab (USA/New Zealand), China Aerospace Science and Technology Corporation (China), GomSpace (Denmark), Clyde Space (UK), Tyvak Nano-Satellite Systems (USA), and Other Major Players 

If You Have Any Query Small Satellite Market Report, Visit:

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Segmentation of Small Satellite Market:

By Type

Minisatellite

Microsatellite

Nanosatellite

Pico-Satellites

Femtosatellites

By Orbit

Low Earth Orbit (LEO)

Middle Earth Orbit (MEO)

Geostationary Earth Orbit (GEO)

By Component

Structures

Payload

Electric Power System

Solar Panel and Antenna Systems

Propulsion Systems

By Application

Earth Observation and Remote Sensing

Satellite Communication

Science and Exploration

Mapping and Navigation

Space Observation

By End- User

Commercial

Academic

Government

Military

Market Segment by Regions: -

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

Highlights from the report:

Market Study: It includes key market segments, key manufacturers covered, product range offered in the years considered, Global Small Satellite Market, and research objectives. It also covers segmentation study provided in the report based on product type and application.

Market Executive Summary: This section highlights key studies, market growth rates, competitive landscape, market drivers, trends, and issues in addition to macro indicators.

Market Production by Region: The report provides data related to imports and exports, revenue, production and key players of all the studied regional markets are covered in this section.

Small Satellite Market Profiles of Top Key Competitors: Analysis of each profiled Roll Hardness Tester market player is detailed in this section. This segment also provides SWOT analysis of individual players, products, production, value, capacity, and other important factors.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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About us:

Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assisting our clients to grow and have a successful impact on the market. Our team at IMR is ready to assist our clients to flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, that specializes in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyse extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

Contact us:

Introspective Market Research

3001 S King Drive,

Chicago, Illinois

60616 USA

Ph no: +1-773-382-1049

Email: [email protected]

𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐒𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐈𝐦𝐚𝐠𝐢𝐧𝐠 - The Power of Perspective

According to a new report published by Allied Market Research, titled, “Commercial Satellite Imaging Market," The commercial satellite imaging market was valued at $3.3 billion in 2021, and is estimated to reach $9.2 billion by 2031, growing at a CAGR of 11.3% from 2022 to 2031. 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.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/request-sample/1751

Advantages such as precise mapping for mission planning, search, and rescue operations and rise in utilization of satellite imagery in government and defense sectors drive the growth of the global commercial satellite imaging market. Moreover, the introduction of new technologies such as electric propulsion technology, high-resolution cameras, advanced remote sensing technology, and others supplements the market. On the other hand, increase in usage of satellite data for development of smart cities and connected vehicles along with rise in implementation in commercial applications present new opportunities in the coming years.

The report offers detailed segmentation of the global commercial satellite imaging market based on application, end user, and region.

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Satellite images are used for urban management or planning and for smart city development. . Urban planners use satellite imagery datasets containing useful information regarding annotated objects data to understand settlement trends and ensure efficient infrastructure management. In addition, rise in use of remote sensing technology for zoning and city infrastructure modeling has helped in meeting increasing demands from city-based populations toward better management of sustainable urban development.

KEY FINDINGS OF THE STUDY

By application, the geospatial data acquisition & mapping segment generated the highest revenue in 2021.

By end user, the government segment was the highest revenue contributor in 2021.

By region, North America contributed the highest revenue, followed by Europe, Asia-Pacific, and LAMEA in 2021.

Small Satellite Market: Forthcoming Trends and Share Analysis by 2030

Small Satellite Market Size Was Valued at USD 3.20 Billion in 2022, and is Projected to Reach USD 11.08 Billion by 2030, Growing at a CAGR of 16.8% From 2023-2030.

The small satellite is a disruptive technology in space industries. Traditionally, space industries were dominated by satellites which have thousands of kilograms and are bulky and expensive. Small satellites denote a new generation of miniaturized satellites that, by taking advantage of modern technologies (e.g., integrated circuits, digital signal processing, MEMS, and additive manufacturing), can achieve a significant reduction in volume, mass, development time, and cost of satellites.

The launch of the first artificial Earth “small” satellite, Sputnik 1, triggered the space race in 1957. In the decades that followed, there was the development of increasingly larger satellites to provide reliable services from space over extended periods.

Get Full PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @

https://introspectivemarketresearch.com/request/16765

The latest research on the Small Satellite market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Small Satellite industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Small Satellite market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

Leading players involved in the Small Satellite Market include:

SpaceX (USA), Planet Labs (USA), Blue Origin (USA), OneWeb (UK), Spire Global (USA), Rocket Lab (USA/New Zealand), China Aerospace Science and Technology Corporation (China), GomSpace (Denmark), Clyde Space (UK), Tyvak Nano-Satellite Systems (USA), and Other Major Players 

If You Have Any Query Small Satellite Market Report, Visit:

https://introspectivemarketresearch.com/inquiry/16765

Segmentation of Small Satellite Market:

By Type

Minisatellite

Microsatellite

Nanosatellite

Pico-Satellites

Femtosatellites

By Orbit

Low Earth Orbit (LEO)

Middle Earth Orbit (MEO)

Geostationary Earth Orbit (GEO)

By Component

Structures

Payload

Electric Power System

Solar Panel and Antenna Systems

Propulsion Systems

By Application

Earth Observation and Remote Sensing

Satellite Communication

Science and Exploration

Mapping and Navigation

Space Observation

By End- User

Commercial

Academic

Government

Military

Market Segment by Regions: -

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

Highlights from the report:

Market Study: It includes key market segments, key manufacturers covered, product range offered in the years considered, Global Small Satellite Market, and research objectives. It also covers segmentation study provided in the report based on product type and application.

Market Executive Summary: This section highlights key studies, market growth rates, competitive landscape, market drivers, trends, and issues in addition to macro indicators.

Market Production by Region: The report provides data related to imports and exports, revenue, production and key players of all the studied regional markets are covered in this section.

Small Satellite Market Profiles of Top Key Competitors: Analysis of each profiled Roll Hardness Tester market player is detailed in this section. This segment also provides SWOT analysis of individual players, products, production, value, capacity, and other important factors.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

Acquire This Reports: -

https://introspectivemarketresearch.com/checkout/?user=1&_sid=16765

About us:

Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assisting our clients to grow and have a successful impact on the market. Our team at IMR is ready to assist our clients to flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, that specializes in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyse extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

Contact us:

Introspective Market Research

3001 S King Drive,

Chicago, Illinois

60616 USA

Ph no: +1-773-382-1049

Email: [email protected]

Two Arktika-M satellites will provide round-the-clock monitoring of the Earth's surface and cloudiness in the Arctic region The Arktika-M No. 2 spacecraft, developed at the Scientific and Production Association named after S.A., was delivered to the Baikonur Cosmodrome. Lavochkina. The press service of Roscosmos reported this. [caption id="attachment_82238" align="aligncenter" width="780"] satellite[/caption] The second Arktika-M satellite went through a number of final stages of preparation for launch, including comprehensive electrical tests, thermoelectric tests in a vacuum chamber, technological vibration tests, control of the tightness of the propulsion system, control openings of all structural elements and many other checks. [caption id="attachment_82240" align="aligncenter" width="780"] satellite[/caption] The satellite underwent many tests and checks before launch At the cosmodrome, the satellite in the installation and testing building will undergo pre-launch preparation, refueling and docking with the upper stage. The launch of Arktika-M No. 2 is scheduled for December 2023. The satellite should be launched into orbit by a Soyuz-2.1b launch vehicle with a Fregat upper stage. The first apparatus of the highly elliptical hydrometeorological space system (VGKS) "Arktika-M" was launched into the target orbit in February 2021 and is currently fulfilling its target tasks in full. As noted in Roscosmos, the Russian spacecraft Arktika-M No. 1 became the world's first meteorological satellite exploring the Arctic region from a highly elliptical orbit. The press service clarified: Two Arktika-M spacecraft as part of the system will provide round-the-clock monitoring of the surface and cloudiness of the Earth and seas in the Arctic region and adjacent territories, as well as constant and reliable exchange of meteorological information and transmission of signals to rescue services about the location of ships and aircraft in distress within international search and rescue system "CoSPAS-SARSAT".

Throughout history, many great men have speculated about the future of technology. While not all of their predictions have come true, many have, and their ideas continue to inspire scientists, inventors, and thinkers today. Nikola Tesla Tesla, a brilliant engineer, and inventor foresaw many of the modern advances in technology that we now take for granted. In his vision of the future, wireless communication would be conceivable, and he even put up the notion of a "global wireless network" that would let people connect quickly and from any location in the world. Tesla invested a significant amount of his time and resources in a number of initiatives from the 1890s through 1906 in an effort to advance the transfer of electrical power without wires. It was a development of his notion, which he had been testing with wireless lighting, of utilizing coils to convey power. In addition to transmitting significant amounts of power over the world, he saw this as a means of transmitting communications, as he had noted in earlier lectures. As Tesla was developing his theories, it was impossible to transport huge amounts of power or even communication signals wirelessly across great distances. Early on, when studying radio waves, Tesla discovered that Hertz's earlier research on them was incomplete. Also, at the time, it was widely believed that this new type of radiation was a local phenomenon that seemed to disappear after a distance of less than a mile. Even if radio wave theories were correct, Tesla observed, they would be completely useless for his intended uses because this type of "invisible light" would decline over distance just like any other radiation and would move in straight lines. Tesla was working in his laboratory when he saw strange signals coming from his receiver, which he thought might be messages from another planet. In a letter to a reporter in December 1899 and a letter to the Red Cross Society in December 1900, he made note of them. Media leaped to the idea that Tesla was picking up signals from Mars since it was a sensational tale. Arthur C. Clarke Clarke: A science fiction author who also had a keen interest in technology and science. Long before satellite communications were a reality, he foresaw their growth in the 1940s. He also presented the idea of a "space elevator" that would make it feasible to carry people and materials into orbit without the need for rocket propulsion. He also saw a future in which humanity would live and work in space. "Any teacher that can be replaced by a machine should be," Clarke remarked in reference to robots taking over human employment. In favor of the usage of renewable energy, Clarke stated: "I hope we can break our current dependence on oil and switch to cleaner energy sources. Now there is a greater sense of urgency due to climate change. Energy is essential to our civilization, but we cannot let coal and oil slowly bake the earth." Jules Verne French author Jules Verne is frequently referred to as the "founder of science fiction." He published a number of publications that foresaw the development of technology, including the use of helicopters, submarines, and even the moon landing. A feat that was thought to be unachievable at the time, he also saw a time when people will be able to travel around the world in just 80 days. The argument that Verne is a "prophet" of scientific advancement and that many of his stories contain parts of technology that were incredible for his time but later became standard is closely tied to his reputation as a science-fiction author. As with science fiction, Verne categorically denied being a prophet of the future, calling any similarity between his work and scientific advancements "mere coincidence," and attributing his unquestionable scientific accuracy to his thorough research: "Even before I started writing stories, I always took numerous notes out of every book, newspaper, magazine, or scientific report that I came across.

H.G. Wells The science fiction books "The Time Machine" and "The War of the Worlds" are among those by British author H.G. Wells that are most well-known. He foresaw numerous technological developments, including the development of tanks and aircraft, and even put out the notion of a "global brain" that would enable access to all of the knowledge in the world from a single site. Wells predicted the development of aviation, tanks, space travel, nuclear weapons, satellite television, and something resembling the World Wide Web. He predicted the sexual revolution, the spread of suburbs due to motorized transportation, and an early version of Wikipedia that he termed the "global brain." He envisioned a horrific "atomic bomb" that would be dropped from airplanes in his book The World Let Free. This was a remarkable revelation for a writer in 1913. Isaac Asimov Science fiction author Isaac Asimov anticipated the development of the internet and robotics among other technological advancements. In addition, he put up the concept of "psychohistory," a branch of knowledge that would enable forecasting the future using mathematical models and statistical analysis. The Foundation trilogy, consisting of Foundation (1951), Foundation and Empire (1952), and Second Foundation (1953), was released by Asimov (1953). The books chronicle the story of the establishment of the eventual successor and the dissolution of a large interplanetary empire. They also contain his made-up field of psychohistory, which allows for the forecasting of the future evolution of the histories of vast populations. The trilogy and Robot series is his most famous science fiction. In 1966 they won the Hugo Award for the all-time best series of science fiction and fantasy novels. He started writing his "positronic" robot tales around the same time, many of which were gathered in I, Robot (1950). They established a set of moral guidelines for robots and intelligent devices (see Three Laws of Robotics), which had a significant impact on how other authors and thinkers approached the topic. In his introduction to the short tale collection The Complete Robot (1982), Asimov states that he was largely motivated by robots' historical propensity to become involved in a Frankenstein plot that involved destroying their creators. These are only a few of the many outstanding men who have made predictions concerning the development of technology. If not all of their forecasts came true, many of them did, and their futuristic ideas still inspire and have an impact on scientists, engineers, and authors today.

Throughout history, many great men have speculated about the future of technology. While not all of their predictions have come true, many have, and their ideas continue to inspire scientists, inventors, and thinkers today. Nikola Tesla Tesla, a brilliant engineer, and inventor foresaw many of the modern advances in technology that we now take for granted. In his vision of the future, wireless communication would be conceivable, and he even put up the notion of a "global wireless network" that would let people connect quickly and from any location in the world. Tesla invested a significant amount of his time and resources in a number of initiatives from the 1890s through 1906 in an effort to advance the transfer of electrical power without wires. It was a development of his notion, which he had been testing with wireless lighting, of utilizing coils to convey power. In addition to transmitting significant amounts of power over the world, he saw this as a means of transmitting communications, as he had noted in earlier lectures. As Tesla was developing his theories, it was impossible to transport huge amounts of power or even communication signals wirelessly across great distances. Early on, when studying radio waves, Tesla discovered that Hertz's earlier research on them was incomplete. Also, at the time, it was widely believed that this new type of radiation was a local phenomenon that seemed to disappear after a distance of less than a mile. Even if radio wave theories were correct, Tesla observed, they would be completely useless for his intended uses because this type of "invisible light" would decline over distance just like any other radiation and would move in straight lines. Tesla was working in his laboratory when he saw strange signals coming from his receiver, which he thought might be messages from another planet. In a letter to a reporter in December 1899 and a letter to the Red Cross Society in December 1900, he made note of them. Media leaped to the idea that Tesla was picking up signals from Mars since it was a sensational tale. Arthur C. Clarke Clarke: A science fiction author who also had a keen interest in technology and science. Long before satellite communications were a reality, he foresaw their growth in the 1940s. He also presented the idea of a "space elevator" that would make it feasible to carry people and materials into orbit without the need for rocket propulsion. He also saw a future in which humanity would live and work in space. "Any teacher that can be replaced by a machine should be," Clarke remarked in reference to robots taking over human employment. In favor of the usage of renewable energy, Clarke stated: "I hope we can break our current dependence on oil and switch to cleaner energy sources. Now there is a greater sense of urgency due to climate change. Energy is essential to our civilization, but we cannot let coal and oil slowly bake the earth." Jules Verne French author Jules Verne is frequently referred to as the "founder of science fiction." He published a number of publications that foresaw the development of technology, including the use of helicopters, submarines, and even the moon landing. A feat that was thought to be unachievable at the time, he also saw a time when people will be able to travel around the world in just 80 days. The argument that Verne is a "prophet" of scientific advancement and that many of his stories contain parts of technology that were incredible for his time but later became standard is closely tied to his reputation as a science-fiction author. As with science fiction, Verne categorically denied being a prophet of the future, calling any similarity between his work and scientific advancements "mere coincidence," and attributing his unquestionable scientific accuracy to his thorough research: "Even before I started writing stories, I always took numerous notes out of every book, newspaper, magazine, or scientific report that I came across.

H.G. Wells The science fiction books "The Time Machine" and "The War of the Worlds" are among those by British author H.G. Wells that are most well-known. He foresaw numerous technological developments, including the development of tanks and aircraft, and even put out the notion of a "global brain" that would enable access to all of the knowledge in the world from a single site. Wells predicted the development of aviation, tanks, space travel, nuclear weapons, satellite television, and something resembling the World Wide Web. He predicted the sexual revolution, the spread of suburbs due to motorized transportation, and an early version of Wikipedia that he termed the "global brain." He envisioned a horrific "atomic bomb" that would be dropped from airplanes in his book The World Let Free. This was a remarkable revelation for a writer in 1913. Isaac Asimov Science fiction author Isaac Asimov anticipated the development of the internet and robotics among other technological advancements. In addition, he put up the concept of "psychohistory," a branch of knowledge that would enable forecasting the future using mathematical models and statistical analysis. The Foundation trilogy, consisting of Foundation (1951), Foundation and Empire (1952), and Second Foundation (1953), was released by Asimov (1953). The books chronicle the story of the establishment of the eventual successor and the dissolution of a large interplanetary empire. They also contain his made-up field of psychohistory, which allows for the forecasting of the future evolution of the histories of vast populations. The trilogy and Robot series is his most famous science fiction. In 1966 they won the Hugo Award for the all-time best series of science fiction and fantasy novels. He started writing his "positronic" robot tales around the same time, many of which were gathered in I, Robot (1950). They established a set of moral guidelines for robots and intelligent devices (see Three Laws of Robotics), which had a significant impact on how other authors and thinkers approached the topic. In his introduction to the short tale collection The Complete Robot (1982), Asimov states that he was largely motivated by robots' historical propensity to become involved in a Frankenstein plot that involved destroying their creators. These are only a few of the many outstanding men who have made predictions concerning the development of technology. If not all of their forecasts came true, many of them did, and their futuristic ideas still inspire and have an impact on scientists, engineers, and authors today.

Space Propulsion Market Overview, Key Players Analysis, Comprehensive Research Study, Competitive Landscape and Forecast to 2028

The global space propulsion market size was USD 6.23 billion in 2020. The market is expected to grow from USD 7.31 billion in 2023 to USD 19.74 billion in 2028, exhibiting a CAGR of 15.24% during the forecast period. Commercialization of the space industry, entry of new market players, and strong demand for the product from military applications are expected to bolster market growth. Fortune Business Insights™ provides this information in its report titled “Space Propulsion Market, 2023-2028.”

Information Source:

Space propulsion is a satellite that is used for space exploration projects. The entry of new payers and the commercialization of the space industry are expected to boost the production of the product. Furthermore, the changing utilities of satellites, such as spacecraft and interplanetary probes to Low Earth Orbits (LEO) and their constellations by governments, are expected to bolster product adoption. In addition, strong demand for the product from military applications is expected to boost the market growth in the upcoming years.

 Segments:

Platform, Propulsion Type, Component, End-user, and Region are Studied

By platform, the market is segmented into satellite, launch vehicles, rovers/landers, capsules/cargos, and interplanetary probes and spacecraft. As per propulsion type, it is classified into nuclear propulsion, solar propulsion, electric propulsion, chemical propulsion, and others. Based on component, it is categorized into rocket motors, nozzles, electric propulsion thrusters, thrusters, and others. On the basis of end-user, it is bifurcated into government & defense and commercial. Regionally, it is categorized into North America, Europe, Asia Pacific, and the Rest of the World.

List of Key Players Profiled in the Report:

Safran S.A. (France)

Space Exploration Technologies Corporation (SpaceX) (U.S.)

Northrop Grumman Corporation (U.S.)

Blue Origin LLC (U.S.)

Moog Inc. (U.S.)

Lockheed Martin Corporation (U.S.)

Report Coverage:

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Drivers and Restraints:

Strong Demand for Satellite Constellations to Drive Market Growth

The rising focus of new entrants on LEO satellites construction is expected to surge satellite sales. The satellite’s cost-effectiveness, lower launch costs, and availability of off-the-shelf parts are expected to boost its global adoption. Furthermore, rising satellite imaging applications are expected to bolster market development. The rising demand for the product from homeland security and national security is expected to boost sales. The rising adoption of the product from the defense sector for data protection may foster the product’s demand. These factors may drive the space propulsion market growth.

However, emission concerns regarding space launches are expected to restrain the market growth in the coming years.

Regional Insights:

High Space Budgets to Boost Market Growth in North America

North America is expected to dominate the space propulsion market share due to high space budgets and rising number of space agencies. The market in North America stood at USD 2.35 billion in 2020 and is expected to gain a huge portion of the global market share. Furthermore, the procurement of advanced space propulsions is expected to bolster the product adoption. These factors may propel market growth.

In Asia Pacific, rising space budgets in India, Japan, South Korea, and China are expected to boost the product adoption. The rising demand for satellites and its adoption from defense, governmental, and commercial utilities is expected to boost the space propulsion industry growth.

In Europe, the presence of manufacturers such as Cobham Mission Systems Wimborne Ltd., Ariane Group GmbH, Blue Origin LLC., Safran S.A., Thales Alenia Space, and others may foster the product sales. In addition, growing military satellite programs and increasing space expenditures are expected to boost industry growth.

Competitive Landscape:

Prominent Companies Enter Contracts to Boost Space Exploration Activities

Prominent companies operating in the market enter into contracts to boost space exploration activities and boost market reach. For example, several market players and the U.S. Department of Energy, the consortium of NASA, undertook a 12-month contract worth USD 5 million in July 2021. This development may transform space explorations into a more efficient and faster process. Furthermore, the adoption of mergers, product launches, collaborations, acquisitions, and partnerships may enable players to boost their market position.

Industry Development:

September 2021: NASA developed a solar propulsion system for the Psyche Deep Spacecraft to reduce reliance on traditional chemical propulsion systems.

Global All-Electric Satellites Market 2019-2029: Analysis by Type, Application, and Regional Landscape

The global all-electric satellite market is estimated to grow at a dexterous CAGR of over 11% during the forecast period (2019-2029) and reach a value pool of over US$ 18 Bn.

The slowdown in global economic growth has had a certain effect on the global market for all-electric satellites.

Despite this, it is expected to retain a fairly optimistic growth through 2029. All-electric satellites are increasingly becoming the solution of choice for propulsion systems on board many types of satellite platforms over the last few years.

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Key findings of the All-Electric Satellites market study:

Regional breakdown of the All-Electric Satellites market based on predefined taxonomy.

Innovative manufacturing processes implemented by All-Electric Satellites vendors in detail.

Region-wise and country-wise fragmentation of the All-Electric Satellites market to grasp the revenue, and growth outlook in these areas.

Changing preferences among consumers across various regions and countries.

Factors (Positive and Negative) impacting the growth of the global All-Electric Satellites market.

Technological Improvements to Remain Key Market Imperative:

The global all-electric satellite market is consolidated in nature with a few industry giants such as Airbus SE, The Boeing Company and Ariane Group acquiring the top shares.

All-electric satellites are expected to perform exceptionally well with respect to being economic. Over time, more businesses will be selling this type of technology. Some of the key developments in the all-electric satellite market are:

In March 2020, Boeing SA and Lockheed Martin were chosen under the U.S., Protected Tactical Satcom (PTS) program to develop jam-resistant communications devices. Boeing and Lockheed Martin each won contracts worth US$ 191 million and US$ 240 million respectively. These two companies will be joining Northrop Grumman as the three largest contractors for designing.

In August 2018, Eutelsat aimed to replace its most valuable set of broadcast satellites with two larger all-electric satellites from Airbus.

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Global All-Electric Satellites Market: In-Depth Assessment on Key Segments:

The global all-electric satellites market is segmented on the basis of propulsion type, satellite type, application and region.

By Propulsion Type :

Electrostatic

Electrothermal

Electromagnetic

Photonic

By Satellite Type :

LEO (Low Earth Orbit)

MEO (Medium Earth Orbit)

GEO (Geosynchronous Earth Orbit)

By Application :

Commercial Communications

Military Surveillance

Earth Observation & Remote Sensing

Research and Development

By Region :

North America

Latin America

Europe

South Asia

East Asia

Oceania

Middle East & Africa

How will be insights and market estimations provided in the Fact.MR report on the Demand of All-Electric Satellites make a difference?

The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions

The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period

The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets

Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future

Evaluates the role of various stages of funding on new growth avenues in key regional markets 

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Xenon Gas Market Size, Share, Demand, Growth & Trends by 2032

According to Future Market Insights (FMI), growing demand for rare gases across the globe for various applications is bolstering the growth in xenon gas market. Sales are expected to be driven by expansion of aerospace and aircraft industry, technological developments, and rising healthcare and research expenditure.

Applications of rare gases, including, xenon gas, is increasing at significant rates in the healthcare industry. As xenon gas is used as a neuroprotective and anesthetic agent, in diagnostics and other, the demand is projected to surge over the forecast period.

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Further, xenon gas is used in the treatment of various respiratory illnesses. Also, ongoing research and development in healthcare industry is anticipated to create lucrative growth opportunities for the xenon gas market.

However, there are several health concerns linked with the usage of xenon gas, including nausea, dizziness, vomiting, and even death if swallowed in large doses. Xenon gas has been linked to mental instability and tiredness in rare circumstances. Increasing use of xenon gas as anesthetic has been linked to side effects such as hypertension, nausea, and vomiting.

Asphyxia can result in nausea and vomiting, as well as prostration and loss of consciousness, convulsions, a profound coma, and death. All these factors are expected to impact the growth of xenon gas market during the forecast period.

Key Takeaways from the Market Study

Xenon     gas sales are expected to reach a value of US$ 239.6 Mn by     the end of 2032.

By     supply mode, the cylinders’ segment is expected to grow at a CAGR 5.0% over     the next decade.

In     2022, North America is expected to remain one of the key market for xenon     gas, accounting for a share of 31.6%.

Due     to satellite propulsion application, the aerospace & aircraft category     is estimated be the prominent end users of xenon gas.

China     is expected to lead the East Asia xenon gas market over the forecast     period of 2022 and 2032.

Competitive landscape

The global xenon gas market is estimated to be a highly concentrated market with a few numbers of industry participants such as Matheson Tri-Gas, Inc., Messer Group GmbH, American Gas Products, Air Liquide, The Linde Group, Air Products & Chemicals, Inc., and Air Water Inc. accounting for a key share. Globally, key market participants are projected to maintain a competitive environment by acquisitions and mergers, collaborations and expansion strategies.

Key Segments Covered in Xenon Gas Industry Research

By Supply Mode:

Cylinders

Bulk     & Micro Bulk

Drum     Tanks

On-Site

By End-use Industry:

Healthcare

Aerospace     & Aircraft

Automotive     &Transportation

Electrical     & Electronics

Manufacturing     Processes

Construction

Table of Content 1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Key Success Factors

TOC continued…!

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Small Satellite Market: Forthcoming Trends and Share Analysis by 2030

Small Satellite Market Size Was Valued at USD 3.20 Billion in 2022, and is Projected to Reach USD 11.08 Billion by 2030, Growing at a CAGR of 16.8% From 2023-2030.

The small satellite is a disruptive technology in space industries. Traditionally, space industries were dominated by satellites which have thousands of kilograms and are bulky and expensive. Small satellites denote a new generation of miniaturized satellites that, by taking advantage of modern technologies (e.g., integrated circuits, digital signal processing, MEMS, and additive manufacturing), can achieve a significant reduction in volume, mass, development time, and cost of satellites.

The launch of the first artificial Earth “small” satellite, Sputnik 1, triggered the space race in 1957. In the decades that followed, there was the development of increasingly larger satellites to provide reliable services from space over extended periods.

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The latest research on the Small Satellite market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Small Satellite industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Small Satellite market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

Leading players involved in the Small Satellite Market include:

SpaceX (USA), Planet Labs (USA), Blue Origin (USA), OneWeb (UK), Spire Global (USA), Rocket Lab (USA/New Zealand), China Aerospace Science and Technology Corporation (China), GomSpace (Denmark), Clyde Space (UK), Tyvak Nano-Satellite Systems (USA), and Other Major Players 

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Segmentation of Small Satellite Market:

By Type

Minisatellite

Microsatellite

Nanosatellite

Pico-Satellites

Femtosatellites

By Orbit

Low Earth Orbit (LEO)

Middle Earth Orbit (MEO)

Geostationary Earth Orbit (GEO)

By Component

Structures

Payload

Electric Power System

Solar Panel and Antenna Systems

Propulsion Systems

By Application

Earth Observation and Remote Sensing

Satellite Communication

Science and Exploration

Mapping and Navigation

Space Observation

By End- User

Commercial

Academic

Government

Military

Market Segment by Regions: -

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

Highlights from the report:

Market Study: It includes key market segments, key manufacturers covered, product range offered in the years considered, Global Small Satellite Market, and research objectives. It also covers segmentation study provided in the report based on product type and application.

Market Executive Summary: This section highlights key studies, market growth rates, competitive landscape, market drivers, trends, and issues in addition to macro indicators.

Market Production by Region: The report provides data related to imports and exports, revenue, production and key players of all the studied regional markets are covered in this section.

Small Satellite Market Profiles of Top Key Competitors: Analysis of each profiled Roll Hardness Tester market player is detailed in this section. This segment also provides SWOT analysis of individual players, products, production, value, capacity, and other important factors.

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The global satellite bus market size was USD 27.67 billion in 2020. The market is projected to grow from USD 30.08 billion in 2021 to USD 54.33 billion in 2028 at a CAGR of 8.81% in the 2021-2028 period. This information is provided by Fortune Business Insights™, in its report, titled, “Satellite Bus Market, 2021-2028.”

Based on the research conducted by our analysts, the production of the spacecraft bus mainly concentrates on three prime aspects such as payload carrying capacity, heat dispersal of the spacecraft bus, and payload lifting power allocation.

The budget of governmental or commercial market players intended for space industry development or space launches has deteriorated, owing to distribution of the budget toward curbing the spread of the novel coronavirus and associated infrastructure expenditure.

Segments

Size, Subsystem, Application, and Region are Studied

Based on size, the market is segregated into small satellite, medium satellite, and heavy satellite. The small satellite segment held the highest share in 2020 and is estimated to show remarkable growth during the forecast period.

On the basis of subsystem, the market is segmented into structures and mechanisms, thermal control system, electric power system, altitude control system, telemetry tracking & control (TT&C), flight software, and propulsion system.

In terms of application, the market is categorized into Earth observation & meteorology, communication, scientific research & exploration, surveillance & security, and mapping & navigation.

Geographically, the global market is classified into North America, Europe, Asia Pacific, and the rest of the world.

Browse Complete Report Summary:

Drivers

Augmented Satellite Launches owing to Huge Adoption Rate across Commercial and Military Sectors to Fuel Market Growth

Space systems and infrastructure of satellites necessitate numerous satellite components to deliver imaging solutions, signals, communications as well as other solutions that upgrade the satellites' competencies. Since the introduction of micro, nano, and small spacecraft buses, the conventional satellite components for medium and large satellites have turned out to be more expensive than earlier. It also needs more space infrastructure such as ground monitoring stations and related components. This development is projected to drive the satellite bus market growth at a reasonable rate. Therefore, this is anticipated to bolster the demand for satellite bus.

Regional Insights

North America led the market in 2020 and was worth USD 12.15 billion. This region held the largest satellite bus market share. The growth is attributed to the augmented expenditure on the space sector and surging satellite launching contracts between the U.S. Department of Defense and the space agency.

Asia Pacific is predicted to display significant growth during the forecast period. The growth is accredited to increasing expenditure from the governments of China, South Korea, and India on the space sector.

Europe is estimated to register considerable growth during 2021-2028. The growth is attributed to the rising expenditure from space agencies.

Competitive Landscape

Inventive Product Launches by Crucial Players to Boost Market Growth

The important players implement numerous tactics to upsurge their position in the market as leading companies. One such key strategy is procuring companies to thrust the brand value among users. Another effective strategy is intermittently unveiling groundbreaking satellite bus products with a detailed study of the market as well as its target audience.

Industry Development

September 2021 – Aegis Aerospace Inc. awarded a new contract to develop and operate the STPSat-7 satellite for the United States Space Force’s (USSF) Space Systems Command’s (SSC) Space Test Program (STP). The company will develop STPSat-7 and utilize its M-1 satellite bus and ground systems developed for the STPSat-4 mission.

List of Key Players Covered in the Report

Airbus (Netherlands)

Boeing (U.S.)

Centum (India)

Honeywell International Inc. (U.S.)

IAI (Israel)

L3Harris Technologies, Inc. (U.S.)

Lockheed Martin Corporation (U.S.)

Maxar Technologies (U.S.)

Mitsubishi Electric Corporation (Japan)

Northrop Grumman (U.S.)

OHB SE (Germany)

Thales Group (France)

Satellite Electric Propulsion Market Current and Future Growth By 2032

The electric propulsion system has garnered significant interest from several satellite industry players in 2020-2021. This has been rapidly growing owing to the increasing requirement of launching satellite constellations for communication and Earth observation. However, this is anticipated to grow in the upcoming years due to several developments, such as small satellite launches, increased satellite communication, Earth observation and remote sensing services, and technological innovations. Additionally, the role of the propulsion systems in the space industry is crucial as they are responsible for station keeping, orbital positioning, insertion, and attitude control, among others, particularly with the growing small satellite constellations being launched.

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The satellite electric propulsion technology companies have witnessed the demand from the growing commercial industry. The ecosystem of the satellite propulsion system market comprises system manufacturers, original equipment manufacturers (OEMs), and end users. Over the past years, the number of small satellite constellations has increased tremendously, owing to the low cost associated with their development. Thus, it is fostering the market for propulsion systems in the coming years.

The competitive landscape of the satellite electric propulsion market consists of several organic and inorganic strategies followed by the key players to increase their market share. The strategies include product innovations, contracts, partnerships, acquisitions, and business expansions, among others.

Some of the key players in the global satellite electric propulsion market include Airbus, ArianeGroup, Astra, Busek, Co. Inc, ENPULSION GmbH, and Orbion Space Technology. These companies are aiming for a wide range of partnerships, collaborations, agreements, and contracts to expand their operations and increase their market presence globally to generate revenues and attract new customers.

Satellite electric propulsion has gained significant importance over three years (2019-2021). An increase in the requirement of satellites around the globe from various end users, such as defense and government, and commercial, has generated the demand for electric propulsion during the forecast period. The industry is currently focusing on developing high-efficient and low-weight satellites that can be used for several years. The research study is based on extensive primary interviews (in-house industry players, market leaders, and experts) and secondary research (a host of paid and unpaid databases), along with analytical tools to predict the forecast analysis for the study period. With the help of these, the satellite electric propulsion study provides a broader perspective of the industry.

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In the current market scenario, there are diverse and mature electric propulsion systems available to propel the satellite and spacecraft in various Earth’s orbits and deep space missions. The hall-effect thrusters (HETs) and gridded-ion engines (GIE) are one of the prominent electric propulsion technologies available in the current market and are mostly used in satellites. Some of the major satellite constellation operators, such as SpaceX and OneWeb, are using HETs for their satellites owing to thrust and high specific impulse (Isp), making them suitable for longer-duration mission applications. Additionally, the national space agencies are integrating more electric propulsion for their upcoming deep space missions. For instance, NASA uses electric propulsion for power and propulsion element (PPE) in its Lunar Gateway mission, which is planned to be launched by 2024.