Global Small Satellite Market: Market Size & Forecasting (2016-2028)

The global small satellite market is expected to witness high growth during the forecast period due to increasing investments by governments of various countries across the globe, rising demand for high-resolution imaging services, growing demand for small satellites in emerging economies, low cost of components used, and diverse application areas.
Technological advancements and innovations in microelectronics have led to the use of lightweight components such as antennas, apertures, panels, trans-receivers, control sensors, and actuators in small satellites. Due to this, small satellites have now become compact in size and weigh below 500 kg. These satellites are used for a variety of applications such as mobile communication, earth observation, mapping navigation, remote sensing, scientific research & exploration, and surveillance & security.
With the increasing demand for earth observation services from various sectors, including agriculture, energy, defense, communication, scientific research, and space exploration, governments and private companies across the world are investing in these satellites.

The upcoming report from Quince Market Insights focuses on these key impact factors influencing the market, along with identifying major segments and companies operating in the market. The study is designed to provide a holistic view with a broad scope covering every possible segment influencing the demand for small satellites.

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Market Segmentation:

By Type:

• CubeSat
• Minisatellites
• Microsatellites
• Nanosatellites
• Picosatellite
• Femtosatellite

By Application:

• Communication
• Earth Observation
• Mapping Navigation
• Remote Sensing
• Scientific Research & Exploration
• Surveillance & Security

By End User:

• Civil
• Commercial
• Defense
• Government

This upcoming study will be published shortly with a focus on key stakeholders in the market. Regions covered in the study include North America, Asia Pacific, Western Europe, Eastern Europe, the Middle East, and Rest of the World.

Key Market Players:

• Aerospace Corporation
• Airbus Defense and Space
• Boeing
• EchoStar Corporation
• Eutelsat Communications S.A.
• Geooptics Inc.
• Harris Corporation
• Inmarsat Plc
• Lockheed Martin Corporation
• Millennium Space Systems
• Northrop Grumman Corporation
• Nuance Communications, Inc.
• Planet Labs Inc.
• Sierra Nevada Corporation
• Singapore Telecommunications Limited
• Space Exploration Technologies
• Spire Global
• ST Engineering Limited
• Surrey Satellite Technology Ltd.
• Thales Group
• Viasat Inc.

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About Quince Market Insights:

Quince Market Insights is a global market research and consulting company publishing syndicate studies as well as consulting assignments pertaining to market opportunities that promise high growth in the future. The company also provides information on different research practices such as competitive analysis, product mapping, value chain analysis, etc., assisting clients in strategic decision-making.

This release was published on openPR.