openPR Logo
Press release

Medium and Large Satellite Market: Rising Allocations On analysis And Innovation

01-28-2020 01:25 PM CET | Science & Education

Press release from: Transparency Market Research

Medium and Large Satellite Market: Rising Allocations

The global medium and large satellite market for space industry was valued at US$ 171.92 Bn in 2017 and is projected to expand at a compound annual growth rate (CAGR) of over 4.1% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled 'Medium and Large Satellite Market for Space Industry - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026.' This is mainly due to an increase in satellite projects across the globe, which is likely to boost demand for medium and large satellites. Moreover, huge demand for medium and large satellite across military reconnaissance and communication applications is expected to propel the market during the forecast period.

The global medium and large satellite market for space industryhas been segmented based on solution, mass, band, orbit, propulsion type, application, and region. Based on solution, the market has been divided into hardware, software, data processing, and launch service. By mass, the market has been categorized into 500 Kg - 1000 Kg (medium satellites) and above 1000 Kg (large satellites). By band, the market has been divided intoX-Band, K-Band, Ka-Band, and Others (Ku Band). In terms of orbit, the market is segmented into GEO (Geo-stationary Earth Orbit), MEO (Medium Earth Orbit), LEO (Low Earth Orbit), and HEO (Highly Elliptical Orbit). By propulsion type, the market is divided into Chemical Propulsion and Electrical Propulsion. Electrical propulsion is further segmented into Electrothermal, Electromagnetic, and Electrostatic. In terms of application, the market has been segmented into navigation and mapping, communication, reconnaissance, and others (earth observation and remote sensing). Based on geography, the market has been segmented into North America, Asia Pacific, Europe, Middle East & Africa, and South America.

medium and large satellite market
Request a PDF Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=53469

The electrical propulsion system segment anticipated to be highly lucrative during the forecast period

The Electrical Propulsion (EP) system is a technology that makes use of electrical power to accelerate a propellant by different possible electrical and/or magnetic means.The use of electrical power enhances the propulsive performances of the EP thrusters compared to conventional chemical thrusters. These reduce the mass of satellite and cuts down the launch cost. Hence, electric propulsion systems are expected to contribute to the growth of the market during the forecast period. Furthermore, there are three types of electric propulsion systems categorized according to the method used to accelerate the propellant: electrothermal, electrostatic, and electromagnetic. Electrothermal propulsion systems accelerate the propellant using heating, whereas electromagnetic and electrostatic propulsion systems accelerate the ionized propellant by means of magnetic field and electric field.

Communication application segment expected to hold a prominent share during the forecast period

In terms of application, the communication segment is anticipated to constitute a significant share in 2018. The segment is expected to be driven by factors such as the rising demand for next generation communication systems.This can be further attributed to the requirement for higher bandwidth to provide faster Internet, broadcasting, and radio services. Medium and large satellites can be used to provide robust and sophisticated secure communications network in the military sector. Additionally, satellite communication technology has been used as a means to connect to the internet via broadband data connections from remote areas and hence contributes to the growth of the market.

90 State Street, Suite 700 Albany, NY 12207

Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Medium and Large Satellite Market: Rising Allocations On analysis And Innovation here

News-ID: 1911362 • Views: 98

More Releases from Transparency Market Research

Wearable EEG Devices Market: Growing incidences of Neurovascular Disorders is Dr …
According to new market research titled 'Wearable EEG Devices Market to 2027 - Global Analysis and Forecasts by Channel and Application.' The global wearable EEG devices market is expected to reach US$ 1,556.35 Mn in 2027 from US$ 745.05 Mn in 2018. The market is projected to grow with a CAGR of 8.7% from 2019-2027. The report provides trends prevailing in the global wearable EEG devices market and the factors…
Decentralized Electricity Generation Market - Global Industry Analysis, Share, G …
Global Decentralized Electricity Generation Market: Overview With the increasing installation of smart grids and the rising number of electricity generation resources, the power generation industry has been undergoing a significant change over the recent past. The modification in the grid structure, which permits decentralization of electricity generation, is acting as the main driving force behind the substantial growth of the global market for decentralized electricity generation. The main objective of this research…
Global Sucralose Market Outlook In The Developed And Emerging Industry
Sucralose Market Overview Sugar substitute market is witnessing an increasing demand driven by the increasing sales of various sugar substitutes such as natural sweeteners and artificial sweeteners. Sucralose, an artificial sweetener used as a sugar substitute is highly preferred by consumers owing to its zero calorie attribute. Though sucralose is 600 times sweeter than sugar but interestingly it is not identified as the carbohydrate by the human body. Sucralose has its…
Flavored Syrup Market - Growth Powered with Latest Development Scenario & Influe …
Flavored Syrup Market Introduction Global syrup market is witnessing a significant demand generated by the food and beverage industry. Consumers' increasing preference for different and personalized flavors in food has driven the syrup manufacturers to produce a wide range of flavored syrups. Flavored syrups contain artificial or natural flavorings mixed along with sugar and water. Obtain Report Details @ https://www.transparencymarketresearch.com/flavored-syrup-market.html Increasing demand of flavored syrups especially among the consumers contributes to the…

All 5 Releases


More Releases for Medium

Medium Voltage Switchgear Market
Attributable to the nearness of worldwide and provincial merchants, this market is divided. They sellers in the market are contending based particle the cost, item offering and dispatch of new item in the market. The expansive firms in the market are having significant offer because of variables, for example, item plan, quality, turnaround time, administrations offered, highlights of the item, and upkeep of client connections. Major organizations in the worldwide…
Medium & Heavy Trucks in Scandinavia
ReportsWorldwide has announced the addition of a new report title Medium & Heavy Trucks in Scandinavia to its growing collection of premium market research reports. Medium & Heavy Trucks in Scandinavia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the…
Medium & Heavy Trucks in Turkey
ReportsWorldwide has announced the addition of a new report title Medium & Heavy Trucks in Turkey to its growing collection of premium market research reports. Medium & Heavy Trucks in Turkey industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the…
Medium & Heavy Trucks in Spain
ReportsWorldwide has announced the addition of a new report title Medium & Heavy Trucks in Spain to its growing collection of premium market research reports. Medium & Heavy Trucks in Spain industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the…
Medium & Heavy Trucks in Singapore
ReportsWorldwide has announced the addition of a new report title Medium & Heavy Trucks in Singapore to its growing collection of premium market research reports. Medium & Heavy Trucks in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the…
Medium & Heavy Trucks in Russia
ReportsWorldwide has announced the addition of a new report title Medium & Heavy Trucks in Russia to its growing collection of premium market research reports. Medium & Heavy Trucks in Russia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the…