Small satellites are the satellites with a low mass usually less than 500 kg, and are used to conduct missions beyond low Earth orbit (LEO). These small satellites are of various types such as minisatellites (mass of 100-500 kg), microsatellites (10-100 kg), & nanosatellites (1-10 kg). Small satellites are used for several applications like scientific research, Earth observation, communication, and technology demonstration. Growing satellite miniaturization, massive investments by venture companies in the small satellite market, as well as growing focus on reducing mission cost are the factors that impel the growth of the global small satellites market.
Major Key Players in This Report Include,
Lockheed Martin Corporation (United States), Surrey Satellite Technology (United Kingdom), Axelspace Corporation (Japan), Sierra Nevada Corporation (United States), Millennium Space Systems, Inc. (The Boeing Company) (United States), Northrop Grumman Corporation (United States), The Raytheon Company (United States), Dynetics (United States), Planet Labs, Inc. (United States) and China Aerospace Science and Technology Corporation (CASC) (China)
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The article cited AMA’s “Global Small Satellite Market Study” explored substantial growth in North America and CAGR of 21.1%.
According to the report, Technological Developments in Earth Observation Services is one of the primary growth factors for the market. Growing Satellite Miniaturization is also expected to contribute significantly to the Small Satellite market. Overall, Scientific Research & Exploration applications of Small Satellite, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The End-User, such as Defense, is boosting the Small Satellite market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMA’s Analyst on the Global Small Satellite market identified that the demand is rising in many different parts of the world as “Projected Development of Satellite Networks to Offer Internet Access to Areas Lacking Broadband Connectivity “.
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The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Small Satellite market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market
Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Small Satellite market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Strategic Points Covered in Table of Content of Small Satellite Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Small Satellite market
Chapter 2: Exclusive Summary – the basic information of the Small Satellite Market.
Chapter 3: Displayingthe Market Dynamics- Drivers, Trends and Challenges of the Small Satellite
Chapter 4: Presenting the Small Satellite Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of the Small Satellite market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Small Satellite Market is a valuable source of guidance for individuals and companies.
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