Evolving Industry Trends : Low-Cost Satellite Market Globally Grow at a CAGR of 6.54% by 2021

Albany, NY, 15th September : Recent research and the current scenario as well as future market potential of "Global Low-Cost Satellite Market 2017-2021" globally.

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.

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Technavios analysts forecast the global low-cost satellite market to grow at a CAGR of 6.54% during the period 2017-2021.

Covered in this report
The 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.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Low-cost Satellite Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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

Market driver
Rapid development and deployment of low-cost satellites
For a full, detailed list, view our report

Market challenge
Limited reception of satellite signals for reliable internet
For a full, detailed list, view our report

Market trend
Evolution of second-generation iridium constellation Iridium NEXT
For a full, detailed list, view our report

Browse Report @ http://www.researchmoz.us/global-low-cost-satellite-market-2017-2021-report.html

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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This release was published on openPR.