“Small Satellite Market set to grow to $23.57 bn by 2029,” according to Visiongain

Visiongain has launched a new electronics report Small Satellite Market 2019-2029: Forecasts by Classification (nano satellite, micro satellite, mini satellite, pico satellite and femto satellite), Application (meteorology, defense, security and surveillance, earthquake and seismic monitoring, scientific research and other applications) and Geography (North America, Europe, Asia Pacific, and Rest of the world).

The small satellite market study analyses the market in global level and provides forecasts in terms of revenue (US$ million) from 2019 to 2029. It recognises the drivers and restraints affecting the industry and analyses their impact during the forecast period. It identifies the significant opportunities for market growth in the next few years. In addition, the market is segmented based on classification, application and geography that is further divided into North America, Europe, Asia Pacific and rest of the world regions. In addition, the geographic regions are studied at country level for this research study. Furthermore, the small satellite market based on classification is further segmented into nano, micro, mini, pico, and femto satellites, and applications into meteorology, security/surveillance, earthquake/seismic monitoring, scientific research and others, which includes earth observation, regional navigation, communication, marine and coastal environments, agriculture, forestry, cartography, environment, geology and exploration. The key players have been profiled and the information covered are company overviews, financial information, business strategies and recent developments.

Purchase full report or download free sample pages: https://www.visiongain.com/report/small-satellite-market-report-2019-2029/

The global small satellite market is projected to grow from $ 2,181.9 million in 2019 to
$23,572.0 million by 2029, at a CAGR of 26.9% between 2019 and 2029. This report segments the small satellite market based on classification including nano, micro, mini, pico, and femto satellites and applications including meteorology, security/surveillance, earthquake/seismic monitoring, scientific research and others. It also includes regional analysis based on various countries including US, Canada, UK, Russia, Denmark, Germany, France, China, Japan, India, Indonesia, Singapore, Saudi Arab and Qatar. In addition, the small satellite market report 2019-2029 evaluates the rise in demand for small satellites as evidenced by the increase in small satellite launches in the last decade. Various emerging countries across the world are looking to develop a space-based capability, within a limited budget, and are doing so by investing in the development, manufacturing, and launch of small spacecraft. Additionally, the miniaturization of electronics in the commercial sector has encouraged the development of smaller satellites, thereby enabling them to emerge as a crucial platform in a renewed global space race. Furthermore, budgetary constraints have also led various governments, military and civil users to consider small satellite platforms.

The Visiongain report analyst commented “Various emerging countries across the world are looking to develop a space-based capability, within a limited budget, and are doing so by investing in the development, manufacturing, and launch of small spacecraft. Additionally, the miniaturisation of electronics in the commercial sector has encouraged the development of smaller satellites, thereby enabling them to emerge as a crucial platform in a renewed global space race. Furthermore, budgetary constraints have also led various government, military and civil users to consider small satellite platforms.”

Leading companies featured in the report are Airbus Group, Aerospace Corporation, Harris Corporation, Leonardo S.p.A., Lockheed Martin, Maxar Technologies Inc., Northrop Grumman, ORBCOMM Inc., The Boeing Company and Thales Group.

Related reports:

Top 15 Small Satellite Companies 2019:
https://www.visiongain.com/report/top-15-small-satellite-companies-2019/

Governmental Geospatial Intelligence (GEOINT) Solutions Market Report 2018-2028:
https://www.visiongain.com/report/governmental-geospatial-intelligence-geoint-solutions-market-report-2018-2028/

For more aviation reports, visit our website: https://www.visiongain.com/industries/aviation/

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on 020 7549 9987

Visiongain Limited
Airport House
Purley Way
Surrey
London
CR0 0XZ
United Kingdom

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

This release was published on openPR.