Global Small Satellite Services Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Small Satellite Services Market By Infrastructure, Services, Deployment Model & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Small Satellite Services market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Based on platform, the nanosatellite segment of the small satellite services market is projected to grow at the highest rate during the forecast period. Due to their low mass and small size, from a single vehicle launcher several satellites can be launched simultaneously. These satellites are designed for specific tasks, for instance, communication, earth observation and space exploration, and together perform a mission in a group. In addition, the low mission cost of nanosatellites has made place in the defense sector.
Based on application, the remote sensing segment of the small satellite services market is projected to grow at the highest CAGR during the forecast period. Remote sensing data collection and analysis services are used in all commercial industries, including agriculture, energy & power and weather forecasting.
Based on industry vertical, the commercial segment of the small satellite services market is projected to grow at the highest CAGR during the forecast period. It is due to the increase in R&D activities for technological innovations in the telecommunication sector. In addition, several countries are engaged in the production and development of small satellites to be used for telecommunication and broadcast, and navigation worldwide, which drives the commercial segment.
Key Questions Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in global Small Satellite Services market and what are their strategies?
• What are the factors driving the global Small Satellite Services Market?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include Airbus SE, AT&T Inc., Bittium Corporation, Cisco Systems, Inc., Cobham Plc, Ericsson AB, General Dynamics Corporation, Motorola Solutions, Inc., Nokia Corporation and Samsung Electronics.
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