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Small satellite global market illuminated by new report

Small satellite global market illuminated by new report

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

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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. 

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Based on the application segment, earth observation & meteorology leads the market globally with the biggest market share and is expected to grow with a high CAGR during the forecast period. The growth of this segment is attributed to usage of small satellites to test the capabilities of various technologies which are used in space.

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.

Report: www.reportsweb.com/small-satellite…utlook-2017-2023

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:
-Commercial 
-Government 
-Civil 
-Defense

Applications Covered:
-Technology Demonstration 
-Earth Observation & Meteorology 
-Mapping & Navigation 
-Communication 
-Surveillance & Security 
-Scientific Research & Exploration 

Types Covered: 
-Minisatellite 
-Nanosatellite 
-Microsatellite 

Report: www.reportsweb.com/inquiry&RW0001888517/sample                                                                                                                                               

Regions Covered:
-North America
- US
- Canada
- Mexico
-Europe
- Germany
- France
- Italy
- UK 
- Spain 
- Rest of Europe 
-Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- Rest of Asia Pacific
-Rest of the World
- Middle East
- Brazil
- Argentina
- South Africa
- Egypt

Report: www.reportsweb.com/inquiry&RW0001888517

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