The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Learn details of the Application, Data Validation, Growth, Trends, Analysis and Forecasts to 2023
According to Publisher, the Global Small Satellite market is expected to grow from $ 2.28 billion in 2016 to reach $ 7.66 billion by 2023 with a CAGR of 18.8%. Rising demand for high-resolution imaging services, favourable costs and modified scope of applications and new technological advancements are some of the factors driving the market.
On the other hand, shortage of small satellite launch vehicles is one of the major restraints restricting the market. However, growing demand for small satellite in emerging countries is expected to witness huge growth rate during the forecast period.
By end-user, commercial sector has acquired the largest market share. The growth of this segment is contributed to the increasing demand for high-resolution imaging services which is accompanied by high-speed communication services.
North America accounted for largest market share followed by Asia pacific.
Some of the key players in Global Small Satellite Market include Harris Corporation Airbus Defense and Space, Boeing, Geooptics Inc, Lockheed Martin Corporation, Millennium Space Systems Inc, Northrop Grumman Corporation, OHB AG, Oneweb Ltd, Planet Labs Inc, Sierra Nevada Corporation, Singapore Technologies Engineering Limited, Space Exploration Technologies Corp. (Space X), Surrey Satellite Technology Ltd and Thales Alenia Space.
End Users Covered:
-Earth Observation & Meteorology
-Mapping & Navigation
-Surveillance & Security
-Scientific Research & Exploration
- Rest of Europe
- New Zealand
- Rest of Asia Pacific
-Rest of the World
- Middle East
- South Africa
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