![]() Majority of the components, such as waveguide filters, diplexers, Ka-band feedchain, antenna array, and so on, will be produced by 3D printing only. This patented satellite technology technique eliminates the need for installing large size antennas before the actual launch.įurthermore, in January 2023, SWISSto12 announced to receive a contract worth USD 32.5 million to build a 3D printed satellite Intelsat 45 for the European Space Agency (ESA). ![]() In May 2022, Mitsubishi Electric demonstrated a new method of 3D printing which can manufacture a lighter and thinner antenna in space itself. It leads to enhanced component level strength at a much lower weight. Additive manufacturing allows selection from a wider range of composite materials such as composites or alloys of titanium, aluminum, and plastics. Recent developments in 3D printing made it possible to manufacture a tiny component with tight tolerance limits. LATEST TRENDSĪdvancements in 3D Printing Technology to Boost the Market Expansion The overall market was back on track during the year 2021 with a rising number of space launch initiatives and small satellite services. For example, the Indian Space Research Organization witnessed a decline of approximately 26% in its space budget compared to the previous year. Besides mission delay, major space agencies had faced budget reduction during FY 2020-21. ![]() registered a delay in the launch of its three spy satellites, which were launched by Rocket Lab. Major space economies, such as the U.S., China, Russia, India, Japan, and France, faced a significant delay in their space missions. The COVID-19 pandemic significantly impacted the small satellite market growth. COVID-19 IMPACTĬOVID-19 Pandemic Significantly Plummeted the Global Space Economy Furthermore, the enhanced capability of miniaturized parts such as receivers, propulsion systems, processors, and so on is expected to drive the global market size during 2023 to 2030. Notable projects of private entities such as Starlink, OneWeb, and Kuiper are propelling the demand for these satellites globally. Recent developments in the private space economy have further catalyzed the global small satellite market share. These satellites are utilized for various applications such as communication, surveillance, earth observation, in-orbit inspection, and others. It can also be built by a smaller number of human resources in a short duration, which further enhances the feasibility. Small satellite is a miniaturized satellite that weighs less than 1000 kg and is relatively smaller in size compared to conventional satellites. WE ARE IN THE PROCESS OF REVAMPING Small Satellite Market WITH RESPECT TO RUSSIA-UKRAINE CONFLICT Request Sample
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