Global Small Satellite Market is Expected to Reach $ 7.66 billion by 2023

Report Sellers has added a new market research report “Small Satellite - Global Market Outlook (2017-23)” to its offerings.

According to Report, Global Small Satellite Market is expected to grow from $ 2.28 billion in 2016 to reach $ 7.66 billion by 2023 with a CAGR of 18.8%. Rising demand for high-resolution imaging services, favourable costs and modified scope of applications and new technological advancements are some of the factors driving the market. On the other hand, shortage of small satellite launch vehicles is one of the major restraints restricting the market. However, growing demand for small satellite in emerging countries is expected to witness huge growth rate during the forecast period. 

Based on the application segment, earth observation & meteorology leads the market globally with the biggest market share and is expected to grow with a high CAGR during the forecast period. The growth of this segment is attributed to usage of small satellites to test the capabilities of various technologies which are used in space. By end-user, commercial sector has acquired the largest market share. The growth of this segment is contributed to the increasing demand for high-resolution imaging services which is accompanied by high-speed communication services. North America accounted for largest market share followed by Asia pacific.

Some of the key players in Global Small Satellite Market include Harris Corporation Airbus Defense and Space, Boeing, Geooptics Inc, Lockheed Martin Corporation, Millennium Space Systems Inc, Northrop Grumman Corporation, OHB AG, Oneweb Ltd, Planet Labs Inc, Sierra Nevada Corporation, Singapore Technologies Engineering Limited, Space Exploration Technologies Corp. (Space X), Surrey Satellite Technology Ltd and Thales Alenia Space. 

Browse through the complete description and in-depth TOC on “Global Small Satellite Market”
https://www.reportsellers.com/market-research-report/Small-Satellite---Global-Market-Outlook-2017-2023           

What does the Report Offers

Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends

Report Scope

Global Small Satellite Market has been segmented by end users covered, applications covered, types covered and regions covered

End Users Covered:
Commercial 
Government 
Civil 
Defense

Applications Covered:
Technology Demonstration 
Earth Observation & Meteorology 
Mapping & Navigation 
Communication 
Surveillance & Security 
Scientific Research & Exploration 

Types Covered: 
Minisatellite 
Nanosatellite 
Microsatellite 

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK 
Spain 
Rest of Europe 
Asia Pacific
Japan 
China 
India 
Australia 
New Zealand 
South Korea
Rest of Asia Pacific 
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE

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