The global demand for Sun Sensor Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period 2021 - 2027.
A sun sensor is a sensing device that detects the sun's direction to measure its position. It acts as a navigational instrument in spacecraft for attitude control, solar array pointing, gyro updating, and fail-safe recovery. It also finds its uses in ground-based weather stations, solar power plants, sun-tracking systems, and aerial vehicles, including UAVs and parachute. Sun sensors are available in analog and digital types. A typical sun sensor operates based on the entry of light into a thin slit on top of a rectangular chamber whose bottom part is lined with a group of light-sensitive cells.
Sun sensors are becoming increasingly crucial owing to advancements in modern satellites, the thriving solar industry, and spurring UAVs deployment in various fields. There has been a steep rise in expectations of better maneuverability, agility, and precision control. Governments are spending on renewable energy generation, and more and more field embracing the advantages of UAVs resulting into increasing demand for sun sensor. A growing number of active satellites, rising penetration 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, accelerating 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 developing sun sensors with low cost and high efficiency.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of sun sensor. The growth and trends of sun sensor industry provide a holistic approach to this study.
This section of the sun sensor market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- Coarse Analog Sun Sensors
- Fine Analog Sun Sensors
- Digital Sun Sensors
This section covers the regional outlook, which accentuates current and future demand for the Sun Sensor market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Sun Sensor Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the sun sensor market include NewSpace Systems, Bradford Space, Adcole Space, GOMSpace, Space Micro, CubeSpace, Antrix Corporation, Hyperion Technologies, Sputnix, German Orbital Systems, Space Inventor. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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