Small Satellite Market Expected to be valued at $7.53 Billion by 2022

1

• The Small Satellite Market is estimated to be USD
  2.92 Billion in 2017 and is projected to reach
  USD 7.53 Billion by 2022, at a CAGR of
• during the forecast period. The base year
  considered for the study is 2016 and the
  forecast period is from 2017 to 2022.
• The ecosystem of the small satellite market
  comprises defense departments, satellite
  developers, telecommunication companies, and
  regulatory authorities, among others. Sierra
  Nevada Corporation (U.S.), Planet Labs (U.S.)
  and Surrey Satellite Technology (U.K.), among
  others, are the major players in the market.
  They offer advanced technology systems, launch
  systems, products, and services.
• Download Sample Report _at_ https//www.marketsandma
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  Target Audience
• Small Satellite Manufacturers
• Original Equipment Manufacturers
• Sub-component Manufacturers
• Technology Support Providers
• Based on type, the minisatellite segment is
  expected to lead the small satellite market
  during the forecast period
• Based on type, the minisatellite segment is
  estimated to lead the small satellite market
  during the forecast period, as these satellites
  can be used for high precision and complex space
  missions such as remote sensing, navigation,
  maritime and transportation management, space
  earth observations, disaster management,
  military intelligence, telecommunications, and
  other academic purposes.
• The earth observation meteorology application
  segment is estimated to lead the small satellite
  market during the forecast period

2
Based on application, the earth observation
meteorology segment is estimated to lead the
small satellite market during the forecast
period. Small satellites are capable of
monitoring natural or manmade disasters, such as
cyclones, earthquakes, landslides, and
environmental pollution, among others. Small
satellites have computational and communication
capabilities, along with competencies in taking
decisions about which data to be sent and
when. North America is projected to account for
the largest share of the small satellite market
in 2017 North America is estimated to lead the
small satellite market in 2017. Increasing
interest in small satellites due to their low
cost, advanced mechanics, and ease of assemble
and launch has led to a rise in venture
capital-backed funding for small satellites in
the region. The small satellite market in the
North American region is expected to witness high
growth during the forecast period. Speak to
Analyst _at_ https//www.marketsandmarkets.com/speakt
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