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Small Satellite Market - Revenue, Share by Manufacturers 2028 | Orbital ATK, Inc., Ball Corporation, Airbus S.A.S., Boeing, Lockheed Martin Corporation, Israel Aerospace Industries Ltd.

10-30-2018 02:22 PM CET | IT, New Media & Software

Press release from: Future Market Insights

Small Satellite Market - Revenue, Share by Manufacturers 2028 |

The US$ 2.31 Bn small satellites market is slated to reach beyond US$ 8.9 Bn in revenues by the end of 2028. Attributed to surging government funding, increasing support from private entities, soaring satellite adoption for R&D purposes, and increasing demand for low-earth orbit services, Future Market Insights expects the global market for small satellites to observe robust growth at an estimated CAGR of 13.5% over a 10-year period 2018-2028.

To know key findings Request Sample Report @: https://www.futuremarketinsights.com/reports/sample/rep-gb-3298

During the assessment period, small satellites market is anticipated to encounter with a few challenges such as space debris problems, insufficiency of skilled resources, and multiple regulatory hurdles; however, advances in space technology and strong governmental support will collectively help the market overcome the restraints and thrive at a stellar pace, globally.

Technological Advent and Surging Applications to Boost Nano-satellites Segment

By satellite type, nano-satellites are presumed to remain the largest as well as fastest growing segment throughout the forecast period. With around 41% revenue share of the market attained in 2017, nano-satellites segment will continue to gain traction due to growing applications in cellular communication. Innovations in IoT technology has also been a significant factor impacting the demand for nano-satellites in a positive manner since the recent past. Up from US$ 946.8 Mn achieved in 2017, this segment is expected to reach beyond US$ 3,000 Mn by the end of 2028.

Request for Report Methodology @: https://www.futuremarketinsights.com/askus/rep-gb-3298

Within this 10-year period, nano-satellites segment will reportedly expand at a healthy CAGR of 14%. Other satellite type segments are also anticipated to see impressive growth, including mini-satellites, micro-satellites, and pico-satellites. While micro-satellites represent a substantial market value share of above 25%, mini-satellites segment will continue to hold a considerably large share of above 22% by value, over the forecast period. Future Market Insights records growing demand for mini-satellites for weather forecasting and R&D applications.

Market Taxonomy: Overview

Among end-users, defence sector is likely to represent the largest shareholding segment by 2028 end, whereas commercial sector is anticipated to witness higher growth. Defence area has been generating substantial demand for small satellites, covering over 42% market value share by 2017 end, whereas the consumption from commercial sector is slated to increase at a high rate and bring in above 31% share of the market value for commercial segment during the assessment period. As per the regional segmentation analysis, North America will remain the largest market share contributor through to 2028. Western Europe, and SEA and others of APAC will exhibit significant growth over the decade.

Get access to full summary @: https://www.futuremarketinsights.com/reports/small-satellite-market

Key Market Players: Overview

Some of the leading players in the global market for small satellites include Orbital ATK, Inc., Ball Corporation, Airbus S.A.S., Boeing, Lockheed Martin Corporation, Israel Aerospace Industries Ltd., QinetiQ, ISIS- Innovative Solutions In Space B.V., OHB SE, Surrey Satellite Technology Ltd., and Planet Labs Inc. While Airbus, Boeing, Lockheed Martin Corporation have been identified to be the predominant players, it has been found that the winning strategies of these three giants will provide a major thrust to the global small satellites market in near future.

About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

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Email: sales@futuremarketinsights.com
Web:https://www.futuremarketinsights.com/

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