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Low-Cost Satellite-Global Market Insights and Sales Trends 2024
Synopsis
Low-cost satellites are satellites whose life-cycle costs are significantly lower than the average cost of similar satellites. Foreign research community that can not be defined in a quantitative way low-cost satellite, but based on mathematical statistics analysis method can be compared to determine the low-cost category of satellite projects.
The global Low-Cost Satellite market size is expected to reach US$ 3992.4 million by 2029, growing at a CAGR of 21.1% from 2023 to 2029. The market is mainly driven by the significant applications of Low-Cost Satellite in various end use industries. The expanding demands from the Civil, Commercial and Military,, are propelling Low-Cost Satellite market. Low-Cost Communication Satellite, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Low-Cost Imaging Satellite segment is estimated at % CAGR for the next seven-year period.
Global Low-Cost Satellite key players include Lockheed Martin, Northrop Gruman, Raytheon, Dynetics, Black Sky, etc. Global top five manufacturers hold a share over 60%.
United States is the largest market, with a share over 70%, followed by China and Europe, both have a share over 20% percent.
In terms of product, Nanosatellite is the largest segment, with a share over 50%. And in terms of application, the largest application is National Security, followed by Science & Environment.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Low-Cost Satellite, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Low-Cost Satellite market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Low-Cost Satellite market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Low-Cost Satellite sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Low-Cost Satellite covered in this report include Lockheed Martin, Northrop Gruman, Raytheon, Dynetics, Black Sky, Surrey Satellite Technology, Spire, Axelspace and Aerospace, etc.
The global Low-Cost Satellite market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Lockheed Martin
Northrop Gruman
Raytheon
Dynetics
Black Sky
Surrey Satellite Technology
Spire
Axelspace
Aerospace
Deep Space Industries
Sierra Nevada
Clyde Space
Planet Labs
Dauria Aerospace
Terran Orbital
Thales Alenia Space
SpaceQuest
Global Low-Cost Satellite market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Low-Cost Satellite market, Segment by Type:
Low-Cost Communication Satellite
Low-Cost Imaging Satellite
Others
Global Low-Cost Satellite market, by Application
Civil
Commercial
Military
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Low-Cost Satellite manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Low-Cost Satellite in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Low-cost satellites are satellites whose life-cycle costs are significantly lower than the average cost of similar satellites. Foreign research community that can not be defined in a quantitative way low-cost satellite, but based on mathematical statistics analysis method can be compared to determine the low-cost category of satellite projects.
The global Low-Cost Satellite market size is expected to reach US$ 3992.4 million by 2029, growing at a CAGR of 21.1% from 2023 to 2029. The market is mainly driven by the significant applications of Low-Cost Satellite in various end use industries. The expanding demands from the Civil, Commercial and Military,, are propelling Low-Cost Satellite market. Low-Cost Communication Satellite, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Low-Cost Imaging Satellite segment is estimated at % CAGR for the next seven-year period.
Global Low-Cost Satellite key players include Lockheed Martin, Northrop Gruman, Raytheon, Dynetics, Black Sky, etc. Global top five manufacturers hold a share over 60%.
United States is the largest market, with a share over 70%, followed by China and Europe, both have a share over 20% percent.
In terms of product, Nanosatellite is the largest segment, with a share over 50%. And in terms of application, the largest application is National Security, followed by Science & Environment.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Low-Cost Satellite, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Low-Cost Satellite market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Low-Cost Satellite market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Low-Cost Satellite sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Low-Cost Satellite covered in this report include Lockheed Martin, Northrop Gruman, Raytheon, Dynetics, Black Sky, Surrey Satellite Technology, Spire, Axelspace and Aerospace, etc.
The global Low-Cost Satellite market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Lockheed Martin
Northrop Gruman
Raytheon
Dynetics
Black Sky
Surrey Satellite Technology
Spire
Axelspace
Aerospace
Deep Space Industries
Sierra Nevada
Clyde Space
Planet Labs
Dauria Aerospace
Terran Orbital
Thales Alenia Space
SpaceQuest
Global Low-Cost Satellite market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Low-Cost Satellite market, Segment by Type:
Low-Cost Communication Satellite
Low-Cost Imaging Satellite
Others
Global Low-Cost Satellite market, by Application
Civil
Commercial
Military
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Low-Cost Satellite manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Low-Cost Satellite in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Low-Cost Satellite Market Overview
1.1 Low-Cost Satellite Product Overview
1.2 Low-Cost Satellite Market Segment by Type
1.2.1 Low-Cost Communication Satellite
1.2.2 Low-Cost Imaging Satellite
1.2.3 Others
1.3 Global Low-Cost Satellite Market Size by Type
1.3.1 Global Low-Cost Satellite Market Size Overview by Type (2018-2029)
1.3.2 Global Low-Cost Satellite Historic Market Size Review by Type (2018-2023)
1.3.3 Global Low-Cost Satellite Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Low-Cost Satellite Sales Breakdown by Type (2018-2023)
1.4.2 Europe Low-Cost Satellite Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Low-Cost Satellite Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Low-Cost Satellite Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Low-Cost Satellite Sales Breakdown by Type (2018-2023)
2 Global Low-Cost Satellite Market Competition by Company
2.1 Global Top Players by Low-Cost Satellite Sales (2018-2023)
2.2 Global Top Players by Low-Cost Satellite Revenue (2018-2023)
2.3 Global Top Players by Low-Cost Satellite Price (2018-2023)
2.4 Global Top Manufacturers Low-Cost Satellite Manufacturing Base Distribution, Sales Area, Product Type
2.5 Low-Cost Satellite Market Competitive Situation and Trends
2.5.1 Low-Cost Satellite Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Low-Cost Satellite Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Low-Cost Satellite as of 2022)
2.7 Date of Key Manufacturers Enter into Low-Cost Satellite Market
2.8 Key Manufacturers Low-Cost Satellite Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Low-Cost Satellite Status and Outlook by Region
3.1 Global Low-Cost Satellite Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Low-Cost Satellite Historic Market Size by Region
3.2.1 Global Low-Cost Satellite Sales in Volume by Region (2018-2023)
3.2.2 Global Low-Cost Satellite Sales in Value by Region (2018-2023)
3.2.3 Global Low-Cost Satellite Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Low-Cost Satellite Forecasted Market Size by Region
3.3.1 Global Low-Cost Satellite Sales in Volume by Region (2024-2029)
3.3.2 Global Low-Cost Satellite Sales in Value by Region (2024-2029)
3.3.3 Global Low-Cost Satellite Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Low-Cost Satellite by Application
4.1 Low-Cost Satellite Market Segment by Application
4.1.1 Civil
4.1.2 Commercial
4.1.3 Military
4.2 Global Low-Cost Satellite Market Size by Application
4.2.1 Global Low-Cost Satellite Market Size Overview by Application (2018-2029)
4.2.2 Global Low-Cost Satellite Historic Market Size Review by Application (2018-2023)
4.2.3 Global Low-Cost Satellite Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Low-Cost Satellite Sales Breakdown by Application (2018-2023)
4.3.2 Europe Low-Cost Satellite Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Low-Cost Satellite Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Low-Cost Satellite Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Low-Cost Satellite Sales Breakdown by Application (2018-2023)
5 North America Low-Cost Satellite by Country
5.1 North America Low-Cost Satellite Historic Market Size by Country
5.1.1 North America Low-Cost Satellite Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Low-Cost Satellite Sales in Volume by Country (2018-2023)
5.1.3 North America Low-Cost Satellite Sales in Value by Country (2018-2023)
5.2 North America Low-Cost Satellite Forecasted Market Size by Country
5.2.1 North America Low-Cost Satellite Sales in Volume by Country (2024-2029)
5.2.2 North America Low-Cost Satellite Sales in Value by Country (2024-2029)
6 Europe Low-Cost Satellite by Country
6.1 Europe Low-Cost Satellite Historic Market Size by Country
6.1.1 Europe Low-Cost Satellite Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Low-Cost Satellite Sales in Volume by Country (2018-2023)
6.1.3 Europe Low-Cost Satellite Sales in Value by Country (2018-2023)
6.2 Europe Low-Cost Satellite Forecasted Market Size by Country
6.2.1 Europe Low-Cost Satellite Sales in Volume by Country (2024-2029)
6.2.2 Europe Low-Cost Satellite Sales in Value by Country (2024-2029)
7 Asia-Pacific Low-Cost Satellite by Region
7.1 Asia-Pacific Low-Cost Satellite Historic Market Size by Region
7.1.1 Asia-Pacific Low-Cost Satellite Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Low-Cost Satellite Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Low-Cost Satellite Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Low-Cost Satellite Forecasted Market Size by Region
7.2.1 Asia-Pacific Low-Cost Satellite Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Low-Cost Satellite Sales in Value by Region (2024-2029)
8 Latin America Low-Cost Satellite by Country
8.1 Latin America Low-Cost Satellite Historic Market Size by Country
8.1.1 Latin America Low-Cost Satellite Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Low-Cost Satellite Sales in Volume by Country (2018-2023)
8.1.3 Latin America Low-Cost Satellite Sales in Value by Country (2018-2023)
8.2 Latin America Low-Cost Satellite Forecasted Market Size by Country
8.2.1 Latin America Low-Cost Satellite Sales in Volume by Country (2024-2029)
8.2.2 Latin America Low-Cost Satellite Sales in Value by Country (2024-2029)
9 Middle East and Africa Low-Cost Satellite by Country
9.1 Middle East and Africa Low-Cost Satellite Historic Market Size by Country
9.1.1 Middle East and Africa Low-Cost Satellite Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Low-Cost Satellite Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Low-Cost Satellite Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Low-Cost Satellite Forecasted Market Size by Country
9.2.1 Middle East and Africa Low-Cost Satellite Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Low-Cost Satellite Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Lockheed Martin
10.1.1 Lockheed Martin Company Information
10.1.2 Lockheed Martin Introduction and Business Overview
10.1.3 Lockheed Martin Low-Cost Satellite Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Lockheed Martin Low-Cost Satellite Products Offered
10.1.5 Lockheed Martin Recent Development
10.2 Northrop Gruman
10.2.1 Northrop Gruman Company Information
10.2.2 Northrop Gruman Introduction and Business Overview
10.2.3 Northrop Gruman Low-Cost Satellite Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Northrop Gruman Low-Cost Satellite Products Offered
10.2.5 Northrop Gruman Recent Development
10.3 Raytheon
10.3.1 Raytheon Company Information
10.3.2 Raytheon Introduction and Business Overview
10.3.3 Raytheon Low-Cost Satellite Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Raytheon Low-Cost Satellite Products Offered
10.3.5 Raytheon Recent Development
10.4 Dynetics
10.4.1 Dynetics Company Information
10.4.2 Dynetics Introduction and Business Overview
10.4.3 Dynetics Low-Cost Satellite Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Dynetics Low-Cost Satellite Products Offered
10.4.5 Dynetics Recent Development
10.5 Black Sky
10.5.1 Black Sky Company Information
10.5.2 Black Sky Introduction and Business Overview
10.5.3 Black Sky Low-Cost Satellite Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Black Sky Low-Cost Satellite Products Offered
10.5.5 Black Sky Recent Development
10.6 Surrey Satellite Technology
10.6.1 Surrey Satellite Technology Company Information
10.6.2 Surrey Satellite Technology Introduction and Business Overview
10.6.3 Surrey Satellite Technology Low-Cost Satellite Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Surrey Satellite Technology Low-Cost Satellite Products Offered
10.6.5 Surrey Satellite Technology Recent Development
10.7 Spire
10.7.1 Spire Company Information
10.7.2 Spire Introduction and Business Overview
10.7.3 Spire Low-Cost Satellite Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Spire Low-Cost Satellite Products Offered
10.7.5 Spire Recent Development
10.8 Axelspace
10.8.1 Axelspace Company Information
10.8.2 Axelspace Introduction and Business Overview
10.8.3 Axelspace Low-Cost Satellite Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Axelspace Low-Cost Satellite Products Offered
10.8.5 Axelspace Recent Development
10.9 Aerospace
10.9.1 Aerospace Company Information
10.9.2 Aerospace Introduction and Business Overview
10.9.3 Aerospace Low-Cost Satellite Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Aerospace Low-Cost Satellite Products Offered
10.9.5 Aerospace Recent Development
10.10 Deep Space Industries
10.10.1 Deep Space Industries Company Information
10.10.2 Deep Space Industries Introduction and Business Overview
10.10.3 Deep Space Industries Low-Cost Satellite Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Deep Space Industries Low-Cost Satellite Products Offered
10.10.5 Deep Space Industries Recent Development
10.11 Sierra Nevada
10.11.1 Sierra Nevada Company Information
10.11.2 Sierra Nevada Introduction and Business Overview
10.11.3 Sierra Nevada Low-Cost Satellite Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Sierra Nevada Low-Cost Satellite Products Offered
10.11.5 Sierra Nevada Recent Development
10.12 Clyde Space
10.12.1 Clyde Space Company Information
10.12.2 Clyde Space Introduction and Business Overview
10.12.3 Clyde Space Low-Cost Satellite Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Clyde Space Low-Cost Satellite Products Offered
10.12.5 Clyde Space Recent Development
10.13 Planet Labs
10.13.1 Planet Labs Company Information
10.13.2 Planet Labs Introduction and Business Overview
10.13.3 Planet Labs Low-Cost Satellite Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Planet Labs Low-Cost Satellite Products Offered
10.13.5 Planet Labs Recent Development
10.14 Dauria Aerospace
10.14.1 Dauria Aerospace Company Information
10.14.2 Dauria Aerospace Introduction and Business Overview
10.14.3 Dauria Aerospace Low-Cost Satellite Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Dauria Aerospace Low-Cost Satellite Products Offered
10.14.5 Dauria Aerospace Recent Development
10.15 Terran Orbital
10.15.1 Terran Orbital Company Information
10.15.2 Terran Orbital Introduction and Business Overview
10.15.3 Terran Orbital Low-Cost Satellite Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Terran Orbital Low-Cost Satellite Products Offered
10.15.5 Terran Orbital Recent Development
10.16 Thales Alenia Space
10.16.1 Thales Alenia Space Company Information
10.16.2 Thales Alenia Space Introduction and Business Overview
10.16.3 Thales Alenia Space Low-Cost Satellite Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Thales Alenia Space Low-Cost Satellite Products Offered
10.16.5 Thales Alenia Space Recent Development
10.17 SpaceQuest
10.17.1 SpaceQuest Company Information
10.17.2 SpaceQuest Introduction and Business Overview
10.17.3 SpaceQuest Low-Cost Satellite Sales, Revenue and Gross Margin (2018-2023)
10.17.4 SpaceQuest Low-Cost Satellite Products Offered
10.17.5 SpaceQuest Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Low-Cost Satellite Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Low-Cost Satellite Industrial Chain Analysis
11.4 Low-Cost Satellite Market Dynamics
11.4.1 Low-Cost Satellite Industry Trends
11.4.2 Low-Cost Satellite Market Drivers
11.4.3 Low-Cost Satellite Market Challenges
11.4.4 Low-Cost Satellite Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Low-Cost Satellite Distributors
12.3 Low-Cost Satellite Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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