Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Sun Sensor Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 10.9% during the review period (2022 to 2027).
Sun Sensor Market Overview
Sun sensors are becoming progressively crucial owing to progresses in modern satellites, the prosperous solar industry, and spurring UAVs deployment in many fields. There has been a steep rise in expectations of better maneuverability, agility, and accuracy control. Governments are spending on renewable energy generation, and more and more field embracing the advantages of UAVs resulting into increasing request for sun sensor. A growing number of active satellites, rising dispersion of pay-tv, expanding coverage of 4G connectivity, and growing internet usage are influencing sun sensor demand. A few notable trends, including increasing demand for earth observation imagery & analytics, fast-tracking demand for satellite navigation equipment, increasing R&D spending on aerospace and defense, and the emergence of integrated terrestrial-satellite connections, also augment growth. However, sun sensors are expensive, making it difficult for end-users to meet their pointing requirements and comply with their financial constraints. Consequently, key players are focused on emerging sun sensors with low cost and high effectiveness.
Industry Updates:
- February 23, 2022 - NewSpace Systems is setting the pace for space start-ups in Africa-
NewSpace Systems, a South African, privately owned advanced manufacturer of “lean”, high-quality space components and sub-systems was created through a joint venture between the South African company SCS Aerospace Group and the Dutch SSBV Group in 2013, NewSpace today has the capability to design and manufacture a range of components and sub-systems from both its facilities in South Africa and the United Kingdom.
What are the major Applications, Types and Regions for Sun Sensor Market?
Sun Sensor Market is segmented based on the type, applications, companies and regions.
Market Volume (%) By Type, it is segmented into
Market Volume (%) By Applications it is segmented into
- Coarse Analog Sun Sensors
- Fine Analog Sun Sensors
- Digital Sun Sensors
- Other
Sun Sensor Market Regional Analysis
The APAC market he worldwide Sun Sensor Market with the highest share in terms of revenue. Rise in awareness regarding reduction of energy consumption is one of the major factors driving the growth of this market globally. The major players in this market include ABB, Yokogawa Electric Corporation, Nippon Signal and Panasonic Corporation. The increasing demand for renewable energy sources to reduce carbon footprint is expected to drive the global sun sensor market.
All these factors greatly affect the Sun Sensor market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales value, sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Sun Sensor Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Sun Sensor Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Sun Sensor Market report scope?
The report includes in-depth assessment of the competitive landscape, product market sizing (Value and Volume), product benchmarking, market trends, product developments, financial analysis, strategic analysis and many more to measure the impact forces and potential opportunities of the market. As well as this the report also includes a study of major developments in the market like product launches, agreements, acquisitions, collaborations, mergers and many more to comprehend the prevailing market dynamics at current and its impact in the forecast period 2012-2027.
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR (Value and Volume)
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CAGR of 10.9% during the review period (2022 to 2027).
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Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022)
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Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022)
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- Coarse Analog Sun Sensors
- Fine Analog Sun Sensors
- Digital Sun Sensors
- Others
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Quantitative units
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Revenue in USD million/billion and CAGR from 2022 to 2027
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By Companies
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NewSpace Systems, Bradford Space, Adcole Space, GOMSpace, Space Micro, CubeSpace, Antrix Corporation, Hyperion Technologies, Sputnix, German Orbital Systems, Space Inventor, Needronix, Cosats, Leonardo, LENS R&D, Crystal Space, Solar MEMS Technologies, Chang Guang Satellite, Tensor Tech, Optical Energy Technologies, Jena-Optronik GmbH, CASC – SAST Shanghai Academy of Spaceflight Tech, SpaceTech GmbH
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Customization Available
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Yes, the report can be customized as per your needs
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Key Highlights from this Sun Sensor Report
- A comprehensive backdrop analysis, which contains an assessment of the parent market
- Essential changes in market dynamics.
- Market segmentation up to the second or third level.
- Historical, current, and projected size of the market from the standpoint of both value and volume.
- Reporting and evaluation of recent industry developments.
- Market shares and strategies of major players.
- Emerging niche segments and regional markets.
- An objective assessment of the trajectory of the market.
- Recommendations to companies for strengthening their foothold in the market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The Sun Sensor Market is studied from 2017 - 2027.
What is the growth rate of Sun Sensor Market?
The Sun Sensor Market is growing at a CAGR of 10.9% over the next 5 years.
Who are the key players in Sun Sensor Market?
NewSpace Systems, Bradford Space, Adcole Space, GOMSpace, Space Micro, CubeSpace, Antrix Corporation, Hyperion Technologies, Sputnix, German Orbital Systems, Space Inventor, Needronix, Cosats, Leonardo, LENS R&D, Crystal Space, Solar MEMS Technologies, Chang Guang Satellite, Tensor Tech, Optical Energy Technologies, Jena-Optronik GmbH, CASC – SAST Shanghai Academy of Spaceflight Tech, SpaceTech GmbH
What region does this Sun Sensor Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Sun Sensor Market?
LEO, GEO, MEO, Others
What are the major end-use applications of Sun Sensor Market?
Coarse Analog Sun Sensors, Fine Analog Sun Sensors, Digital Sun Sensors, Others.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
