Press release
Small Satellite Market Technology Advancement, Growth and Future Scope 2019 to 2023
Small Satellite
The global small satellite market was valued at USD 2.69 billion in 2017, and is expected to reach USD 6.91 billion by 2023, at a CAGR of 17.05%, over the forecast period (2018-2023).
The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Small Satellite Market: AIRBUS DEFENSE AND SPACE, THALES GROUP, ST ENGINEERING LIMITED, SURREY SATELLITE TECHNOLOGY, SPACE EXPLORATION TECHNOLOGIES, SIERRA NEVADA CORPORATION, THALES ALENIA SPACE, PLANET LABS, MILLENNIUM SPACE SYSTEMS, GEOOPTICS, HARRIS CORPORATION, SPIRE GLOBAL, and NORTHROP GRUMMAN CORPORATION and others.
Click the link to get a FREE Sample Copy of the Report: https://www.marketinsightsreports.com/reports/01241065166/global-small-satellite-market-segmented-by-type-mini-satellite-micro-satellite-nano-satellite-pico-satellite-femto-satellite-end-user-civil-commercial-defense-and-region-growth-trends-and-forecast-2018-2023/inquiry?source=openpr&Mode=28
Key Developments
- December 2017: Airbus has been selected by the European Space Agency (ESA) to be one of the four suppliers for DIAS, the Copernicus Data and Information Access Service. DIAS will make data and information easily available to users, through a cloud computing architecture, enabling enhanced coordination and cross-fertilization at the European Union (EU) level and among initiatives at Member State or regional level.
Huge Investments by Venture Companies is Driving Market Growth
Most venture companies are showing interest towards making investments in satellites. For instance, Softbank is actively looking for making investments in the satellites industry. Other factors like satellite miniaturization and increasing focus on reducing mission costs are also driving the growth of the market. Lack of dedicated launch vehicles to launch small satellites into space, design-related limitations, and programmatic risks involved in the products are hindering market growth.
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Asia-Pacific is the Fastest Growing Region
New business opportunities and rising demand for satellite-based activates are the primary factors expected to drive the growth of the small satellite market in Asia-Pacific region. India, China, Japan, and Singapore are the major countries leading the small satellite market in this region. With the size of earth observation satellites reducing and the future trend moving toward a constellation of small satellites, India's space agency is making significant strides in the development of small satellites. Recently, the Indian Space Research Organization launched a total of 104 satellites, with 103 of them weighing less than 10 kg each. China is also emerging as another major market for small satellites. Recently, China orbited three small satellites using the Kuaizhou-1A (KZ-1A) launch vehicle from the Jiuquan Launch Center. Moreover, China is likely to fast track its efforts to become the world's most advanced small satellite launch market.
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, Small Satellite, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Small Satellite Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
The report has 150 tables and figures browse the report description and TOC:
https://www.marketinsightsreports.com/reports/01241065166/global-small-satellite-market-segmented-by-type-mini-satellite-micro-satellite-nano-satellite-pico-satellite-femto-satellite-end-user-civil-commercial-defense-and-region-growth-trends-and-forecast-2018-2023?source=openpr&Mode=28
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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