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Small Satellite Market Expected to Reach USD 7.49 Billion by 2030, at a growth rate of 12.77 percent

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Maximize Market Research has published a detailed exclusive analytical report on the Small Satellite Market

PUNE, India, Aug. 14, 2024 /PRNewswire/ — The Small Satellite Market is projected to grow from 3.23 Billion in 2023 to USD 7.49 Billion by 2030, at a CAGR of 12.77 % from 2024 to 2030 according to a new report by Maximize Market Research.

The space industry is advancing towards a future where expansive constellations of small satellites deliver a wide range of services across the globe. According to MMR study Report over 26,100 small satellites, each under 500 kg, will be launched between 2023 and 2032, resulting in a daily launch mass of 1.5 tons. This boom is driven primarily by mega-constellations such as SpaceX’s Starlink and China SatNet’s GuoWang, which together will account for nearly two-thirds of the smallsat launches and over 80% of the launch mass. This Factor is significantly responsible for the growth of the Small Satellite Market. Also, growth is boosted by the New Space era, lowering barriers to entry and driving significant interest from startups, companies, and governments. SpaceWorks forecasts between 513 and 745 smallsat launches in 2023 alone, potentially doubling and even tripling the number of small satellites in orbit within five years. This surge marks a transformative shift in the Space industry landscape.

Small Satellite Market Scope

Market Size in 2023

USD 3.23 Billion

Market Size in 2030

USD 7.49 Billion

CAGR

12.77 %

Forecast Period

2024-2030

Base Year

2023

Segment Covered

by Satellite Type

by Application

by End User

by Region

Drivers

●  Innovations in satellite technology

●  Growing Demand for Internet Connectivity

Restrain

●  Stringent Regulations

●  Orbital Debris Concerns

Opportunities

●  Increasing Government Investments

Report Coverage

Market Share, Market Size, and Forecast by Revenue | 2024−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Get your Sample PDF: https://www.maximizemarketresearch.com/request-sample/341/ 

Small Satellite Technology: Revolutionizing Space Industry

The small satellite Market is growing, due to significant advancements in microelectronics and battery technology. These innovations have enabled the creation of powerful yet compact satellites that are both cost-effective and capable of long-term missions, making space more accessible to diverse organizations, including universities and startups. For instance, City Labs is leading the charge with its recent U.S. Air Force contract to develop an innovative ion engine powered by radioactive isotopes. This breakthrough promises to advance small satellite technology, paving the way for new opportunities in space exploration and communication.

Small Satellite Industry Segment Analysis: Key Areas of Focus

The global Small Satellite Market was segmented into Satellite Types including small satellites Mini satellites, Micro satellites, Nano satellites, and others. Among these small satellites dominated the Small Satellite Market in the year 2023. Due to their flexibility, and rapid deployment capabilities. They offer advanced technologies at lower prices compared to traditional satellites, driving innovation and widespread adoption across various sectors such as communication, Earth observation, and scientific research. Their scalability and efficiency make them a preferred choice.

Get 10% Free Customization on the Report: 

https://www.maximizemarketresearch.com/request-sample/341/ 

Regional Insight: North America held the largest share of the Small Satellite Market

The United States remains a dominant force in the space industry, commanding approximately one-third of the operational spacecraft orbiting Earth. Its historic achievements include the Apollo moon landings, Skylab space station, Space Shuttle program, International Space Station (ISS), and the Mars Exploration rovers Opportunity and Curiosity. The U.S. has developed a substantial fleet encompassing communications, electronic intelligence, missile detection, weather monitoring, technological advancements, navigation, and surveillance satellites. These technological innovations helped North America to stay forefront of the Small Satellite Industry.

The country’s space exploration initiatives are primarily overseen by the National Aeronautics and Space Administration (NASA), which continues to spearhead advancements in space technology and exploration. The U.S. strategic focus on satellite technology underscores its leadership and ongoing commitment to maintaining a significant presence in the global space sector and Small Satellite Market.

Small Satellite Market: Segmentation

By Satellite Type

     Small Satellite
     Mini Satellite
     Micro Satellite
     Nano Satellite
     Others

By Application

     Earth Observation & Remote Sensing
     Satellite Communication
     Science & Exploration
     Mapping & Navigation
     Space Observation
     Others

By End User

     Commercial
     Academic
     Government & Military
     Others

For Detailed Segment Analysis: Request a Sample Report

Small Satellite Market: Key Players

Small Satellite Market Top Key Players in North America

SpaceX (Hawthorne, California, USA)Planet Labs (San Francisco, California, USA)Spire Global (Vienna, Virginia, USA)Rocket Lab (Long Beach, California, USA)Sierra Nevada Corporation (Sparks, Nevada, USA)BlackSky Global (Herndon, Virginia, USA)Blue Canyon Technologies (Boulder, Colorado, USA)Lockheed Martin Space (Denver, Colorado, USA)Relativity Space (Long Beach, California, USA)

Small Satellite Market Giants in Europe

OneWeb (London, United Kingdom)AAC Clyde Space (Uppsala, Sweden)Astrocast (Lausanne, Switzerland)NanoAvionics (Vilnius, Lithuania)Thales Alenia Space (Cannes, France)Surrey Satellite Technology Ltd (SSTL) (Guildford, United Kingdom)

Maximize Market Research is leading Information Technology & Telecommunication Research firm, has also published the following reports:

Satellite IoT Market: The global Satellite IoT Market is segmented by Service Type, Frequency Band, Organization Size, and Application. The Market is expected to reach USD 7.95 Billion by 2030. Technological Development in Satellite IoT Services and Wireless Technology to Drive Market Growth.

Satellite Enabled IoT Software Market: Satellite enabled IoT Software Market is segmented by Technology and Application. The Market is expected to reach USD 15.34 Billion by 2030. The growth demand for connections with remote locations has been instrumental in the development of the satellite-enabled IoT market.

Optical Satellite Communication Market: The Optical Satellite Communication Market is segmented by Component, Application, and End User. The Market is expected to reach USD 1156 Million by 2030. Increasing Demand for High-Speed Data Transmission significantly boost the market growth.

Commercial Satellite Launch Service Market: The Global Commercial Satellite Launch Service Market is segmented by Product, Type, and Application. The Market is expected to reach USD 10.34 Billion by 2030. Increasing demand for satellite connectivity drives the growth of the Market.

Satellite Internet Market was valued at USD 85.89 Billion in 2023, and it is expected to reach USD 162.04 Billion by 2030, exhibiting a CAGR of 9.5% during the forecast period (2024-2030)

Small Satellite Service Market size was valued at US$ 5.72 Bn. in 2023 and the total revenue is expected to grow at 19.6 % through 2024 to 2030, reaching nearly US$ 20.04 Bn.

Key Benefits for Stakeholders:

This report offers a comprehensive analysis of the Small Satellite market, combining both quantitative and qualitative insights. It covers segment analysis, current trends, market dynamics, challenges, and forecasts for the industry from 2024 to 2030.Utilizing Porter’s Five Forces framework, the report examines the power of buyers and suppliers, supporting stakeholders in making informed decisions and strengthening supplier-buyer relationships.A detailed look at market segmentation covers key opportunities within the Small Satellite sector.Major countries within each region are mapped according to their revenue contributions, highlighting their impact on the global market.Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

About Maximize Market Research:

Maximize Market Research is a multifaceted Market Research and consulting company with professionals from several industries. Some industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2
Pune Bangalore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
Follow Up: Facebook | Twitter | LinkedIn | Instagram

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Where’s the Best Deal on the Block? Realtor.com® Launches Dynamic Map Layers to Help Homebuyers Find It and So Much More

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Homebuyers can now visualize hyperlocal insights and broader neighborhood trends to find their perfect home

SANTA CLARA, Calif., Sept. 24, 2024 /PRNewswire/ — Today, Realtor.com® announced the launch of dynamic map layers, a set of new map-based search features that allow users to answer classic home-buying questions like “Is this house the best deal on the street?” and “Where can I find the newest homes in a neighborhood?” or “Where are houses selling for a lower price per sqft.?” Now, users can explore multiple ZIP codes and neighborhoods with one quick glance and use this information to find the home they want.

Dynamic map layers deliver a unique zoom and pan experience that shows real-time visualizations of property data and neighborhood insights all in one map. When applied, each layer illustrates search parameters through color shading that represents aggregated data including market trends for a specific area. The shading dynamically adjusts to the property level as the user zooms in, and gets broader as they zoom out, adapting to highlight different data at each zoom level. Users can apply different map layers and access unique Realtor.com® econometric data, like market hotness, to find the best home options based on what they’re looking for.

“Do you remember when you bought your first smartphone and how it completely changed how you use a phone? Dynamic map layers are going to change how people search for homes online,” said Mausam Bhatt, Chief Product and Technology Officer, Realtor.com®. “They are an entirely new pathway to home discovery that allows buyers to answer their most pressing questions with a look at a map. They present data in an interactive way that is easy to use, easy to understand, and easy to make the most informed decisions with – so users can confidently choose the place they call home.”

Seventy-one percent of real estate website/app users think that more visual or map-based features could help them learn more about properties and compare homes more easily, according to a recent survey conducted by Realtor.com®. Ninety percent stated they would value being able to search for “home size” and “home value” via a map on a real estate search sites.

Whether it’s someone with a limited budget searching for the best buy in a specific area; a buyer who wants to understand the market competition of a home in order to make the best offer; or, a buyer who is comparing multiple neighborhoods so they can decide where to invest, Realtor.com® users can dive deeper and explore homes with the following layer options:

Home Estimate – the home’s current estimated value, powered by RealEstimatesmEstimate/ sqft. – the home’s current estimate total value divided by its total square footage, powered by RealEstimatesmLot Size – the property’s parcel size as measured in acresLot Slope – the property parcel’s average lot slopeHome Size – the size of the home measured in sqft.Year Built – the year the home was builtMarket Hotness – an index from 1-100 (very cool to very hot) indicating how quickly homes sell and the level of buyer demandSold Price vs. List Price – the sold price shown as a percentage of the original list price (based on properties sold in the last year)Sold Price/ sqft. – the home’s most recent sale price divided by its total square footageDays on Market – the time it takes properties to sell (based on properties sold in the last year)Neighborhood – display neighborhood boundaries and access details on the number of homes on the market, the median number of days homes spend on the market and the median list price within a neighborhood

Dynamic map layers offer unparalleled data visualization with dynamic zoom and pan functionality. By using these layers, users can get an equally holistic and granular view of a home’s characteristics and a neighborhood’s attributes.

About Realtor.com®
Realtor.com® is an open real estate marketplace built for everyone. Realtor.com® pioneered the world of digital real estate more than 25 years ago. Today, through its website and mobile apps, Realtor.com® is a trusted guide for consumers, empowering more people to find their way home by breaking down barriers, helping them make the right connections, and creating confidence through expert insights and guidance. For professionals, Realtor.com® is a trusted partner for business growth, offering consumer connections and branding solutions that help them succeed in today’s on-demand world. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. For more information, visit Realtor.com®.

Media Contact
Asees Singh press@realtor.com

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SOURCE realtor.com

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Socket Mobile Announces CaptureSDK Support for iOS 18

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FREMONT, Calif., Sept. 24, 2024 /PRNewswire/ — Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions designed to enhance workplace productivity, is excited to announce that CaptureSDK and its entire line of barcode scanners and NFC reader/writers have been thoroughly tested and have achieved full compatibility with iOS 18.

iOS 18 compatibility across the entire Socket Mobile product line ensures that Apple users can maximize the utility of both their Socket Mobile data readers and their Bluetooth-paired Apple iPhones or iPads. CaptureSDK’s support for iOS 18 means that business applications continue to run smoothly on Apple’s latest platform, offering stability, efficiency, and access to the newest features. Users can seamlessly integrate the latest Apple advancements into their workflow and expect optimal performance from both devices.

“Socket Mobile has a strong track record of maintaining compatibility with Apple’s latest advancements and is devoted to supporting our app developer partners. We strive to provide ultimate device compatibility and best-in-class development tools,” said Dave Holmes, Chief Business Officer at Socket Mobile. “With iOS 18 support added to CaptureSDK, all users of our data capture devices can stay current with Apple’s latest technology while discovering new ways to leverage the power and versatility of our barcode scanners and NFC reader/writers.

“To ensure compatibility and to take full advantage of the features offered by our barcode scanners and NFC reader/writers, app development partners only need to upgrade their apps to the latest version of CaptureSDK whenever new updates are released. Our world-class support team is always available to ensure that their data capture solutions continue to work seamlessly. Combined with the quality of our products and dedicated support, this makes Socket Mobile’s CaptureSDK, along with our scanners and readers, an excellent choice for Apple device users.”

CaptureSDK has been integrated into thousands of applications and gives app providers reliable and consistent data capture performance, enabling their apps to efficiently capture data in the physical world. With CaptureSDK, app providers can maximize the value of their solution and increase their customer’s overall productivity and satisfaction. With CaptureSDK-enabled apps, end-users can interchange any of Socket Mobile’s data capture devices, resulting in the freedom to choose the best reader for each customer’s requirements at any given time. With iOS 18 compatibility, Socket’s CaptureSDK delivers a new level of control and adaptability for iOS app developers.

iOS compatibility will always be a focus for Socket Mobile as Apple continues to roll out new updates for its customers.

Learn More About CaptureSDK

Media Contact: David Holmes, David.holmes@socketmobile.com

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SOURCE Socket Mobile, Inc.

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JinkoSolar Unveils its First Climate White Paper at 2024 New York Climate Week

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SHANGRAO, China, Sept. 24, 2024 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (the “Company,” or “JinkoSolar”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced its principle operating subsidiary Jinko Solar Co., Ltd.’s participation in the 2024 New York Climate Week, where we officially launch the English version of our first Climate White Paper*. This comprehensive report outlines our commitment to sustainability, innovative strategies to reduce carbon emissions, and actionable steps for creating a greener, more resilient future.

As one of the leading voices in the fight against climate change, JinkoSolar has long been dedicated to aligning its operations with global climate goals. The new White Paper not only highlights the progress we’ve made, but also identifies new opportunities in both the PV and BESS sectors to collaborate across industries to accelerate decarbonization and enhance sustainability efforts.

Meanwhile, Jinko Solar Co., Ltd. as a member of the Board of Directors of the Global Solar Council, is honored to be part of the Finance Roundtable and, together with the Global Solar Council, co-hosting the discussion for lowering solar PV cost. This roundtable brings together development and commercial banks, industry experts, policymakers, and business leaders in shaping the future of climate action. Our active participation underscores our firm belief that addressing the climate crisis requires bold and decisive action together with financial players.

JinkoSolar looks forward to continuing its leadership in the bankability and sustainability space and to driving meaningful change in the global effort to combat climate change.

*Note: Disclosed information in the report covers our principal operating subsidiary Jinko Solar Co., Ltd. and its subsidiaries. The report is available on the Company’s website at https://www.jinkosolar.com/en/site/responsibility.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to utility-scale, commercial and residential customers in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions. 

JinkoSolar had over 10 productions facilities globally, over 20 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, the United Arab Emirates, Denmark, Indonesia, Nigeria and Saudi Arabia, and a global sales network with sales teams in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of June 30, 2024.

To find out more, please see: www.jinkosolar.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: pr@jinkosolar.com

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SOURCE JinkoSolar Holding Co., Ltd.

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