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Nanosatellite and Microsatellite Market Worth $4.8 Billion by 2025

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CHICAGO, July 15, 2020 /PRNewswire/ — According to a new market research report Nanosatellite and Microsatellite Market by Component (Hardware, Software & Data Processing, Launch Services), Type (Nanosatellite and Microsatellite), Application, Vertical (Government, Defense, Civil), and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the global Nanosatellite and Microsatellite Market size is expected to grow from USD 1.8 billion in 2020 to USD 4.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.3% during the forecast period.

The satellites are used for several applications, such as communication, earth observation & remote sensing, scientific research, biological experiments, academic training, reconnaissance, and various other applications by the defense, intelligence, civil, commercial, and/or government users. Continuous advancements in the miniaturization of technologies, such as electronics, low-mission costs, and the increasing use of satellite constellations, are major drivers of the market. 

Browse in-depth TOC on Nanosatellite and Microsatellite Market
260 – Tables
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236 – Pages

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Earth observation and remote sensing to account for the largest market size during the forecast period

Nanosatellites and microsatellites have brought novel opportunities for earth observation and remote sensing using inexpensive small satellites to capture images of the earth and gather specific data. Nanosatellites and microsatellites are expected to play a major role in remote sensing missions due to their enhanced computational and communication capabilities, along with competencies in making decisions about the time and data to be shared. Successful programs to develop and examine advanced hyperspectral imaging systems compatible with nanosatellite and microsatellite missions enable small satellites to generate high-quality complex images.

The commercial vertical to account for the largest market size during the forecast period

The geospatial technology using earth-imaging small satellites for agriculture, education, intelligence navigation, mapping, and other uses, has driven the commercial sector in the past decade. Nanosatellites or microsatellites help commercial companies gather global real-time data and distribute the same at lower prices to customers across a wide geographic area. Nanosatellites and microsatellites are used for commercial purposes, such as communication, in the form of voice, data, and videos, internet communication, and video chat. Between 2013 and 2017, almost half the nanosatellites were launched for military or civil missions and the remaining half for business purposes.

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North America to account for the highest market share during the forecast period

North America accounts for the highest market share in the Nanosatellite and Microsatellite Market. The country leads in the adoption of nanosatellites and microsatellites and offers great opportunities for the overall growth of the Nanosatellite and Microsatellite Market. North America has always been an early adopter of new technology or software, and the North American market grows at a faster rate initially as compared to any other region. The demand for nanosatellites and microsatellites in North America is being driven by the booming digitalization across industries along with surging demand for earth observation satellites.

The major Nanosatellite and Microsatellite Market vendors include GomSpace (Denmark), Lockheed Martin (US), L3Harris (US), Sierra Nevada Corporation (US), AAC Clyde Space (Scotland), Planet Labs (US), Tyvak (US), NanoAvionics (US), Innovative Solutions In Space (Netherlands), SpaceQuest (US), Raytheon (US), RUAG (Switzerland), Surrey Satellite Technology Limited (England), Dauria Aerospace (Russia), Axelspace Corporation (Japan), Sky and Space Global (UK), Kepler (Canada), GAUSS (Italy), SpaceWorks Enterprises (US), and Berlin Space Technologies (Germany).

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About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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CGTN: What does a people-centered philosophy mean for China?

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BEIJING, June 18, 2021 /PRNewswire/ — In China’s fight against COVID-19, more than 39 million members of the Communist Party of China (CPC) fought the virus on the frontline while over 13 million volunteers rendered their services at the community level. Nearly 400 of them laid down their lives in the process of saving others.

United as one and determined to save every life at all costs, China has been one of the most successful in containing the virus.

This is one vivid example that demonstrates China’s commitment to a people-centered philosophy.

Rooted in history

Adherence to a people-centered philosophy has been the key to CPC’s success in the past 100 years. From 57 members represented by 13 deputies at the first National Congress in 1921, the CPC has grown into a 91-million-strong entity that governs a country of 1.4 billion people.

Laying the basis of socialism with Chinese characteristics, the CPC led China to overcome obstacles in the way of its development, helping it stand on its feet and grow stronger till it eventually became the world’s second-largest economy.

“People are the creators of history. They are the fundamental force that determines our Party and the country’s future,” said Chinese President Xi Jinping, also general secretary of the CPC Central Committee.

Commitment to the world

As COVID-19 continues to ravage the world, many countries have restricted grain exports. Resultantly, the number of people facing acute food insecurity hit 155 million last year – the highest in last five years.

However, China is doing its part to ensure global food security by reducing grain imports and moderately increasing the exports of wheat and rice. It also continues to assist other developing countries within the framework of South-South cooperation.

Domestically, China met its poverty alleviation target by the end of 2020, lifting nearly 100 million people out of poverty over the past eight years.

In the next five years, China plans to take a series of measures, such as improving people’s incomes, boosting employment and building a high-quality education system.

“To ensure that the people enjoy a happy life is the ultimate goal of all our work and is an important manifestation of our Party’s fundamental purpose of serving the people wholeheartedly,” Xi said.

Xi has constantly urged the CPC members to stay true to the Party’s founding mission, which is to serve the people.

https://news.cgtn.com/news/2021-05-12/What-does-a-people-centric-philosophy-mean-for-China–10bpBSe50hG/index.html

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How Will Blockchain Affect The Future of Education and Learning? Tim Miller, CEO Certif-ID Shares His Views

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NSN

Madhuri Dubey, Founder – National Skills Network, recently conducted an online interview with Tim Miller, Co-Founder & CEO – Certif-ID, to talk about how blockchain technology can better facilitate digital transactions.

BANGALORE, India, June 18, 2021 /PRNewswire/ — Tim Miller is an enthusiastic, driven thinker with a global perspective and is involved in the strategic development of future-ready learning, training and consultancy solutions. With diversified international work experience covering digitalisation of learning solutions, management system certification, product certification and training – across 25 countries, Tim has his finger to the pulse of the technologies and trends that fuel the market. Recently, Madhuri Dubey, the Founder of National Skills Network, sat down with Tim to discuss how breaking down fundamental constraints by applying technology in innovative ways has led him to create a blockchain-powered platform.

Read their conversation below.

Why did you turn to blockchain technology for Certif-ID? 

The vision of Certif-ID is to bridge the gap between ‘New Economy’ skills and employment prospects. To bring trust and transparency to digital transactions. Through Certif-ID, one of our goals is to harmonize educational standards and bring equal opportunity to technical professionals around the world. In line with this, we have focused on building a community of professionals in developing markets, helping them to showcase their skills and find employment in developed markets. 

We therefore needed a technology that would help us build a system to support the coexistence of traditional services and new services. And blockchain technology combined with data analytics and automation was our ideal choice. Its decentralised ledger system offers us the much-needed transparency and traceability. 

What is the foundation of the Certif-ID platform?

Our primary mission is to harmonize educational standards and bring equal opportunity to technical professionals around the world. For this, we needed a process which would align with existing training providers to explore current levels of training and expected competency outcomes. To achieve this, Certif-ID uses European Skills, Competences, Qualifications and Occupations (ESCO) framework and Artificial Intelligence (AI).

The ESCO framework provides an excellent guide and can support the process of skill and competency mapping to job roles and occupations. It identifies the key indicators and the core skills, which are required to meet industry specific needs, while also describing the steps required to achieve global standards. 

Additionally, we addressed the lack of transparency in the certification process by digitising and powering it with blockchain technology. This ensures that the digital certificates issued through Certif-ID are verifiable instantly and immutable

AI on our platform furthers our mission in various ways, whether it is our smart search feature or providing course and job recommendation based on members’ skills. 

On the whole, Certif-ID is designed for individuals who want to learn new skills, providing easy access to credible courses and institutes for enrollment. After completing a course, learners can earn digital certificates via the Certif-ID platform. We are facilitating a continuous upskilling, in turn, improving a learners chance of landing a job and achieving professional equality.

How has Certif-ID grown since its inception in 2019? 

We had a great experience working on Certif-ID. It has certainly been challenging considering the current times, but we have been welcomed by people in the industry, communities and beyond. 

Certif-ID is unquestionably solving current challenges, from making it a possibility for institutions to issue contactless digital certificates which can be verified instantly to providing a secure space for technical professionals to build a profile and gain visibility. 

We began our journey focused on helping Technical and Vocational Education and Training (TVET) institutions in their certification and accreditation processes. Today, we have multiple offerings for institutions such as data analytics to gain insights and business value. 

Technical professionals or members on Certif-ID can build their SkillPass. It is an online profile that one can use to showcase their skills and experience. SkillPass offers a range of features including, a self-assessment to gauge one’s job-readiness, CV generator to create different CVs to suit the job role one is applying for, Video CV to show off their personality and much more. SkillPass is beneficial because it allows members to store, access and share their credentials securely at any time from anywhere. 

Again, recruiters on the platform can list jobs, screen candidates based on their skills, access and verify their digital certificates and make an informed decision on shortlisting the candidate for an interview.

What are some of the big events in the life of Certif-ID?

Every small step we take toward bettering our platform and services, has been a big event for us and I would like to thank an extremely dedicated team behind the scenes for this. 

We are extremely proud of our partnership with leading institutions of the likes of, TÜV Rheinland Academy, Automotive Skills Development Council (ASDC), ASTS Global Education India Pvt. Ltd., ICICI Foundation, and UNNATI Skill Center, publishing over 50,341 blockchain-powered digital certificates.

In 2020, we were able to run a large-scale event, titled ‘Next Step Seafarers’, focused on getting seafarers in the Philippines back to work, as a response to the impact of COVID. This event was a big success, with the support of UNESCO, multiple industry players, including Q2 Hr Solutions, 

TESDA (Technical Education and Skill Development Authority) and importantly an endorsement from the Vice President of the Philippines, Ms. Leni Robredo.

Recently, we have entered a new market of upholding environmental sustainability. We have partnered with Woodify, a startup focused on planting new, climate-resistant mixed forests across Germany. They are set to issue carbon credits digital certificates per year via Certif-ID to ensure that the issued carbon credits are encrypted, secure and instantly verifiable. 

How do you foresee Certif-ID shaping the future of businesses?

Most companies we converse with are faced with the similar challenges of not being able to track or monitor digital transactions. Using blockchain technology to secure transactions, making it possible to track assets from production to delivery or use by end users, will solve this issue. 

This need for visibility will only increase for business across all sectors, from supply chain to healthcare. Blockchain technology will continue to play a critical role in reducing fraud, losses from counterfeit and gray market trading, as well as increase confidence in end users. 

Additionally, as blockchain provides all parties access to the same information, it will reduce communication or data transfer errors. Businesses will gain more control over outsourced materials and will spend less time on validating data; ultimately improving quality, reducing cost, or both. 

For those who haven’t started adopting blockchain my message would be, to embrace this change; decentralized, identity and credentialing solutions are taking very big steps with some of the world’s biggest and most trend setting companies. It will undoubtedly play a massive role in your business’ success. 

About NSN

National Skills Network (NSN) is a digital platform dedicated to creating awareness about skill-based education and training by sharing the positive impact. NSN has helped many organizations in bringing visibility to their initiatives, networking and promoting their vision for skilling Indian youth and making them employable.

Website: https://www.nationalskillsnetwork.in/   

About Certif-ID

Certif-ID is a dedicated skills community. It is a global networking platform built on blockchain technology, connecting technical training institutions, industry professionals and recruiters. On the platform, technical training institutes can issue digital certificates placed on blockchain, optimising their certification and placement processes. Technical professionals can build their SkillPass to showcase their skills, record online interviews, plan their learning journeys, store all relevant information in a digital portfolio and share their credentials with potential recruiters. Recruiters can screen and source candidates based on competency, verify their digital records and reduce recruitment efforts. Connecting key stakeholders in the technical sector, Certif-ID focuses on streamlining the sourcing process, bridging the skills gap between education and employment while establishing trust and transparency.

Website: https://certif-id.com/

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Burns & McDonnell India Ranks No. 63 on the Great Place to Work List of 'India's Best Companies to Work For 2021'

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Burns & McDonnell India Ranks No. 63 on the Great Place to Work List of 'India's Best Companies to Work For 2021'

The Great Place to Work Institute Recognises Engineering Firm for Five Consecutive Years

VIKHROLI, Mumbai, June 18, 2021 /PRNewswire/ — Burns & McDonnell India has again been recognised as a great place to work by Great Place to Work Institute, marking the fifth consecutive year the company has earned this recognition, and the first year in the large company category. More than 850 organizations applied to the assessment and around 695 organizations made the final base that was evaluated to identify the 100 Best. The firm ranked No. 63 on the list of India’s Best Companies to Work For 2021.

The awarding organisation, Great Place to Work Institute, considers itself the global authority for creating, sustaining and identifying high-trust, high-performance culture. Great Place to Work recognises workplaces solely based on employee feedback and quality of people practices in an organisation.

Burns & McDonnell India earned this recognition by excelling on the five dimensions Great Place to Work evaluates for building a high-trust, high-performance culture: credibility, respect, fairness, pride and camaraderie. The study is based on over 25 years of research by surveying millions of employees across organisations.

This year’s employee survey found that 96% of its employees feel Burns & McDonnell India is a friendly place to work and 97% agree that the facilities and celebrations contribute to a great working environment. The survey found 94% participants are proud to work at BMI and feel great about how the company contributes to society. Additionally, the organisation has scored highly for fair treatment regardless of gender or race, as well as on work/life parameters.

“It is truly an honor to again be recognised as a Great Place to Work in India,” says Justin Sherman, CEO and managing director of Burns & McDonnell India. “We make our people successful by creating a high-trust, inclusive culture. During this trying period, I am so proud of the tremendous support we have provided for the safety and well-being of our employees and their families, as safety always comes first. Our entrepreneurial and collaborative spirit empowered our transition to working from home, and we continued to advocate team bonding, social gratification as well as professional and personal development. We engaged our employees through various wellness initiatives, safety sessions, counselling by health experts, recreational activities, and hobbies, which involved our extended families as well.

“We feel proud to have built a deeper connection with our employees, which is well beyond business. The feedback that our employees have expressed through the Great Place to Work survey speaks to the exceptional culture that our company stands on.”

Burns & McDonnell India received nearly 8,000 applications for employment in 2020 and onboarded more than 200 new employees virtually. The organisation has supported its employees during this time of the pandemic, with initiatives including COVID-19 care leaves, vaccination support, enhanced insurance buffer, flexibility to continue working from home during the pandemic and more. One of the company’s most significant initiatives has been cross-utilisation of staff across disciplines to able to retain employees amidst a global business slowdown.

For photos and support materials, please visit our MEDIA KIT.

About Burns & McDonnell

Burns & McDonnell is a family of companies with an unmatched team of 7,600 engineers, construction professionals, architects, technologists and scientists, consultants and entrepreneurs around the world. Burns & McDonnell India was established in Mumbai in 2013 as a 100% subsidiary.

About Great Place to Work

Great Place to Work® is the global authority on workplace culture. They help organizations quantify their culture and produce better business results by creating a high-trust work experience for all employees. Emprising®, their culture management platform, empowers leaders with the surveys, real-time reporting, and insights they need to make data-driven people decisions. They use their unparalleled benchmark data to recognize Great Place to Work-Certified™ companies and the Best Workplaces™ in the U.S. and more than 60 countries, including the 100 Best Companies to Work For® list published annually in Fortune.

Contact: Ingrid Nicar, Burns & McDonnell

470-508-9862

ianicar@burnsmcd.com

 

Burns & McDonnell

 

 

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