New Space/Commercial Space Market Size Forecast to Reach $23.6 Billion by 2026

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New Space / Commercial Space Market -
Forecast(2022 - 2027)
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• The Global New Space/Commercial Space market size
  is forecast to reach 23.6 billion by 2026,
  growing at a CAGR of 11.2 from 2021 to 2026.
• The market growth is attributed to technological
  advancements creating demand for more
  cost-effective space operations. Moreover, the
  expansion of private investment from new space
  investors has been also positively impacting the
  growth of new space/commercial space market.

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• Key Takeaways
• Satellite IoT segment is analyzed to witness the
  fastest growth in the new space/commercial space
  market during 2021-2026, due to growing
  development of IoT based satellites.
• Military sector will grow with the highest CAGR
  during the forecast period 2021-2026, due to
  military investments on space exploration.
• North America had accounted for the largest share
  in 2020, due to growing demand for small
  satellites, rise of space observation mission and
  others.

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By Distribution Channel- Segment
Analysis Satellite IOT segment is anticipated to
grow with the highest CAGR of around 7.5 in the
global new space/commercial space market during
the forecast period 2021-2026. Satellite IoT
facilitate surveillance of the environment,
agriculture, maintenance of public utilities and
many others relevant to remote sensing within a
large area. Availability of low-cost and
low-power global networking would also help in
increasing the overall number of linked sensors,
thus improving precision of data-based
predictions and developments in a variety of
global environmental, social, manufacturing,
agricultural and logistical applications.
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• New Space / Commercial Space Market Industry
  Outlook 
• Blue Origin LLC
• Masten Space Systems
• Stratolaunch LLC
• Virgin Galactic
• XCOR Aerospace, Inc.
• Space Exploration Technologies Corp
• Northrop Grumman Corporation

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New Space / Commercial Space Market -
Forecast(2022 - 2027) Learn More About the
Report _at_ https//www.industryarc.com/Report/1939
5/new-space-commercial-space-market.html
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
• Purchase Full Report _at_ https//www.industryarc.com
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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
_at_ http//www.linkedin.com/company/industryarc
Contact (1) 970-236-3677
Inquiry Before Buying
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