Global Small Satellite Market is forecasted to grow at a CAGR of 19.54% during 2016 – 2021

Date: 29 September 2016

Rising demand of small satellites for high resolution Earth Imaging drives the global small satellite market 

According to Azoth Analytics research report, “Global Small Satellite Market (By Type, By Application, By End-Use): Trends, Opportunities and Forecasts (2016-2021)” Global Small Satellite Market is projected to exhibit a CAGR of over ~19.54% during 2016 – 2021, driven by the increasing number of launches and, design and development of low cost satellites. On the basis of market segment, the market has been segmented on basis of type (Nano Satellite, Micro Satellite and Mini Satellite).

Small satellites are built by small businesses, NGO’s and Educational institutions for space access at affordable cost. Global small satellite market is driven by rising investments in space sciences and increasing number of government and private missions.

From the market point of view, Small satellite market will increase in the forecast period. However, rising number of launches, secondary payloads and access to earth orbits is expected to give strong growth to the market.
Among the regions, North America holds the major market due to increasing advancements and research activities in the region and remains a strong market in the forecast period, followed by the APAC and Europe region.

The report titled “Global Small Satellite Market (By Type, By Application, By End-Use): Trends, Opportunities and Forecasts (2016-2021)’’ has analysed the potential of Global Small Satellite Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global small satellite market. Additionally, the report also highlights market supply chain model for various companies across the globe.
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of global small satellite market on the basis of Types (Nano Satellite, Micro Satellite, Mini Satellite), By Application (Earth Observation & Meteorology, Technology Demonstration, Broadcasting & Telecommunication, Scientific Research & Exploration), By End-User (Commercial, Civil & Defense), By Region (APAC, North America, Europe and ROW) and By Country (US, Canada, UK, Russia, China, Japan).