Press release
North America Small Satellite Market Expectations and Growth Trends Highlighted Until 2028
The North America small satellite market is expected to grow from US$ 1,325.42 million in 2022 to US$ 4,976.36 million by 2028; it is estimated to grow at a CAGR of 24.7% from 2022 to 2028.Download PDF Guide-https://www.businessmarketinsights.com/sample/BMIRE00027887?utm_source=OpenPr&utm_medium=10616
Market Overview
The North America small satellite market based on country, is segmented into the US, Canada, and Mexico. The demand for small satellites is increasing across North America owing to its rise in applications such as earth and space observation; IoT and communications; asset tracking; science and environment; and security, defense, and national space programs. Also, fleet management companies across North America are increasingly utilizing small satellites for real-time tracking of their huge commercial fleet, thereby reducing the risk of theft and downtime of vehicle by offering quick responses to vehicle failures.
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