Press release
Small Satellite Market 2023 - Share, Ongoing Trends, Size, Growth Rate And Key Players
Small Satellite Market
As per the Small Satellite Global market report by The Business Research Company, the increase in space exploration missions are significantly driving the growth of the small satellite market. Various government agencies across the world are increasing their space missions and small satellites help them to complete their space missions.
The global small satellite market size grew from $4.36 billion in 2022 to $5.34 billion in 2023 at a compound annual growth rate (CAGR) of 22.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The small satellite market size is expected to grow to $11.32 billion in 2027 at a CAGR of 20.6%.
Read More On The Small Satellite Global Market Report Here:
https://www.thebusinessresearchcompany.com/report/small-satellite-global-market-report
Major competitors in the Small Satellite Global market include Sierra Nevada Corporation, Lockheed Martin Corporation, Airbus, L3 Harris Technologies, The Aerospace Corporation, Planet Labs, GomSpace, Boeing, Space Exploration Technologies, Blue Canyon Technologies, Honeywell International Inc., ST Engineering, Orbital ATK, Inc., Ball Corporation, Israel Aerospace Industries Ltd., QinetiQ, ISIS- Innovative Solutions In Space B.V., Surrey Satellite Technology Ltd. and Spire Global.
The Small Satellite Global market is segmented -
• By Type: Minisatellite, Microsatellite, Nanosatellite, Pico-Satellites, Femtosatellites
• By Orbit: Low Earth Orbit (LEO), Middle Earth Orbit (MEO), Geostationary Earth Orbit (GEO)
• By Component: Structures, Payload, Electric Power System, Solar Panel And Antenna Systems, Propulsion Systems, Other Components
• By Application: Earth Observation And Remote Sensing, Satellite Communication, Science And Exploration, Mapping And Navigation, Space Observation, Other Applications
• By End-User: Commercial, Academic, Government And Military, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Small Satellite Global market.
Request A Free Sample Of The Small Satellite Global Market Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6604&type=smp
Small satellite refers to the satellites that weigh less than 1,000 kg (2,204 pounds). Small satellites are created by small, highly engaged teams who work on them from conception to launch and operation. Small satellites' weight is reduced even further by using lighter materials in mechanical systems and designing subsystems without redundancy. The main types of small satellites are minisatellite, microsatellite, nanosatellite, pico-satellites, femto satellites. Minisatellites are smaller in size.
The Table Of Content For The Small Satellite Global Market Include:
1. Executive Summary
2. Small Satellite Market Characteristics
3. Small Satellite Market Trends And Strategies
4. Small Satellite Forwarding Market - Macro Economic Scenario
5. Small Satellite Market Size And Growth
6. Small Satellite Market Segmentation
................
26. Africa Small Satellite Market
27. Small Satellite Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Small Satellite Market
29. Small Satellite Market Future Outlook and Potential Analysis
30. Appendix
The "Global Small Satellite Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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