Press release
Global Small Satellite Market : grow at a CAGR of 19.54% - Trends, Opportunities and Forecasts 2017 - 2021
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of global small satellite market on the basis of Types (Nano Satellite, Micro Satellite, Mini Satellite), By Application (Earth Observation & Meteorology, Technology Demonstration, Broadcasting & Telecommunication, Scientific Research & Exploration), By End-User (Commercial, Civil & Defense), By Region (APAC, North America, Europe and ROW) and By Country (US, Canada, UK, Russia, China, Japan).
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Rising demand of small satellites driven by the surging customer demand for Earth observation, communication, space observation, technology demonstration is highly driving the global small satellite market.
The demand for small satellite by end user applications has been rising in various industries such as disaster management solution providers, climate and environment monitoring by detecting CO2, infrastructural planning, agriculture and many more. Therefore, growing demand by end users and increasing miniaturization of satellites and its launch would result in growth of small satellite market.
Growing awareness among the satellite manufacturers and operators related to climatic changes, space science, communication services will lead to highly intense competition in global market of small satellites.
Global Small Satellites Market is forecasted to grow at a CAGR of 19.54% during 2016 – 2021F, on account of rising applications.
North America region remains the major market followed by Europe and APAC in the actual period. In the forecast period, APAC region will continue to witness strong growth driven by the countries such as China and Japan.
According to Azoth Analytics research report, Global Small Satellite Market (By Type, By Application, By End-Use): Trends, Opportunities and Forecasts (2016-2021), Global Small Satellite Market is projected to exhibit a CAGR of over ~19.54% during 2016 - 2021. On the basis of market segment, Global Small Satellite Market has been segmented on basis of type (Nano Satellite, Micro Satellite and Mini Satellite); By Application (Earth Observation and Meteorology, Technology Demonstration, Broadcasting and Telecommunication, and Scientific Research and Exploration), By End User (Commercial, Civil and Defense), By Region – North America, Europe, APAC and ROW.
Scope of the Report
The report provides coverage by Types, By Application and By Region:
By Small Satellite Type
Nano Satellite
Micro Satellite
Mini Satellite
By Small Satellite Application
Earth Observation and Meteorology
Technology Demonstration
Broadcasting and Telecommunication
Scientific Research and Exploration
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By Small Satellite End Users
Commercial
Civil
Defense
The report provides coverage by Region
North America
Europe
APAC
ROW
The report provides coverage by Country
US
Canada
UK
Russia
China
Japan
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