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The objective of the Small Satellite Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Small Satellite Market.
Market Insights – The Small Satellite Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Small Satellite Market are-
Airbus Defense and Space
Aerospace Corporation
The Boeing Company
Thales Alenia Space
Geooptics Inc.
Harris Corporation
Lockheed Martin Corporation
Millennium Space Systems Inc.
Northrop Grumman Corporation
Orbital ATK.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Small Satellite Market value and growth drivers over the trend period of 2022-27. According to the report -
Small satellite market is likely to witness an impressive CAGR of 22.2% during the forecast period. Factors such as growing attention on minimizing mission costs, satellite miniaturization, and rising demand for earth-observation-related applications are expected to drive the growth of the global small satellite market.
Segment Analysis:
Based on Application Type:
Based on the application type, the market is segmented as earth observation & meteorology, communication, scientific research & exploration, surveillance & security, and mapping & navigation. The earth observation & meteorology segment is expected to depict the highest growth in the coming five years, owing to the rise in demand for technologically progressive small satellites for commercial, defense, and civil use across the globe.
Based on Region:
In terms of regions, North America dominated the small satellite market in 2018, driven by the increase in demand for small satellites from NASA and the Department of Defense (U.S.), and private sectors, such as other research organizations and telecommunication. Nevertheless, the market in the European region is expected to offer the highest growth during the forecast period. The market is driven by the high demand for small satellites as they are employed in battlefield missions, earth observation, and scientific exploration activities undertaken by various government and private organizations. Asia-Pacific is also expected to offer sizeable growth opportunities during the forecast period.
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Critical Questions Answered in the Report
l What are the key trends in the global Small Satellite Market?
l How the Small Satellite Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Small Satellite Market?
l What are the key strategies adopted by the major vendors to lead in the Small Satellite Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the Small Satellite Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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