NSR Report: 24,700 Satellites to be Ordered and Launched by 2030 forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.
The world is heading for a wild west free for all in space that could lead to disaster as firms fight for every scrap of resource in low Earth orbit, an expert has warned.
Paul Kostek, a space policy specialist from the Institute of Electrical and Electronics Engineers (IEEE), says global agreement is highly unlikely anytime soon.
As the commercial space sector continues to grow at a rapid rate, firms are vying to launch constellations of satellites and new experimental craft into low Earth orbit.
This has left astronomers frustrated and struggling due to blots in the sky that make observations harder and less accurate, as well as concerns over space junk.
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FREMONT, Calif., Dec. 15, 2020 /PRNewswire/ The global nanosatellite and microsatellite market value is projected to reach $2.26 billion by 2026, reveals the premium market intelligence study by BIS Research. The study also highlights that the market value is set to witness a CAGR of 24.86% between 2020 and 2026.
The comprehensive research study of the global nanosatellite and microsatellite market covers:
elaborated sections focused on different types of applications, components, orbit, mass, and end users
company profiling for more than 15 companies
competitive benchmarking of key players operating in the market
a detailed global and regional market share analysis, including the scrutiny of more than 10 countries