The small satellite market is estimated to grow from USD 2.92 Billion in 2017 to USD 7.53 Billion by 2022, at a CAGR of 20.83% during the forecast period.
- Advertising -
Browse 68 market data tables and 41 figures spread through 163 pages and in-depth TOC on "Small Satellite Market - Global Forecast to 2022"
Key factors such as increasing focus on reducing mission costs, rise in demand for earth observation related activities, satellite miniaturization, and satellite cost reduction are expected to fuel the growth of the small satellite market.
Download PDF Brochure @ www.marketsandmarkets.com/pdfdownload.asp?id=150947396
Based on type, the minisatellite segment is expected to lead the small satellite market during the forecast period
Based on type, the minisatellite segment is estimated to lead the small satellite market during the forecast period, as these satellites can be used for high precision and complex space missions such as remote sensing, navigation, maritime and transportation management, space & earth observations, disaster management, military intelligence, telecommunications, and other academic purposes.
The earth observation & meteorology application segment is estimated to lead the small satellite market during the forecast period
Based on application, the earth observation & meteorology segment is estimated to lead the small satellite market during the forecast period.
- Advertising -
Small satellites have computational and communication capabilities, along with competencies in taking decisions about which data to be sent and when.
Inquire Report @ www.marketsandmarkets.com/Enquiry_….asp?id=150947396
North America is projected to account for the largest share of the small satellite market in 2017
North America is estimated to lead the small satellite market in 2017. Increasing interest in small satellites due to their low cost, advanced mechanics, and ease of assemble and launch has led to a rise in venture capital-backed funding for small satellites in the region.
The small satellite market in the North American region is expected to witness high growth during the forecast period.
Boeing (U.S.), Airbus Defense and Space (France), OneWeb (U.S.), Planet Labs (U.S.), Space Exploration Technologies Corporation (U.S.), Sierra Nevada Corporation (U.S.), and Surrey Satellite Technology (U.K.), among others, are the major players in the small satellite market.
Category: Market Research Publishers and RetailersCompany profile: 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 5000 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 ...
For more information: