Press release
Low-Cost Satellite Market to Grow at 6.54% CAGR to 2021
This report covers the present scenario and the growth prospects of the global low-cost satellite market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of low-cost satellites.
Complete Report available at http://www.reportsnreports.com/reports/966139-global-low-cost-satellite-market-2017-2021.html
A satellite is an artificial object placed manually into the orbit to serve various purposes such as navigation, collection of weather information, civilian and Earth observation (EO), and research. It is a computer-controlled system that can perform tasks such as thermal control, telemetry, power generation, attitude control, and orbit control. The data collected by satellites are used for applications such as agriculture monitoring, management of water resources, urban development, mineral prospecting, environment protection, forestry, border and maritime security, drought and flood forecasting, ocean resources, and disaster management.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Key vendors
Fortive
Black Sky
Dauria Aerospace
Deep Space Industries
Planet Labs
SpaceX
SPIRE
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Other prominent vendors
Axelspace
Clyde Space
GeoOptics
Sierra Nevada
SpaceQuest
RUAG Space
Terran Orbital
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Market driver
Rapid development and deployment of low-cost satellites
Market challenge
Limited reception of satellite signals for reliable internet
Market trend
Evolution of second-generation iridium constellation Iridium NEXT
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Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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