4:47 PM Small Satellite Market to experience an impressive growth of 22.2% during 2020-2025 |
| Small Satellite Market Report: Trends, Analysis & Forecast up to 2025. Discover associated growth opportunities, market dynamics, success factors and more. Small satellite market is likely to witness an impressive CAGR of 22.2% during the forecast period. Factors such as growing attention on minimizing mission costs, satellite miniaturization, and rising demand for earth-observation-related applications are expected to drive the growth of the global small satellite market. Click here to get a Free Sample of the report (with additional insights): https://www.stratviewresearch.com/Request-Sample/597/small-satellite-market.html Or Read the summary of the report here: https://www.stratviewresearch.com/597/small-satellite-market.html Small Satellite Market Segment Insights: By Type: The nanosatellite segment is estimated to register the highest growth during the forecast period. This growth can be attributed to their low mass and small size which enable several satellites to be launched simultaneously from a single vehicle launcher. These satellites are engineered for specific tasks, such as communication, earth observation, and space exploration, and together in a group, serve a mission. By Application Type: The earth observation & meteorology segment is expected to depict the highest growth in the coming five years, owing to the rise in demand for technologically progressive small satellites for commercial, defense, and civil use across the globe. By End-User Type: The commercial segment is estimated to portray the highest growth during the forecast period. This unprecedented growth can be attributed to the increase in R&D activities to develop advanced small satellites to cater to the needs of various commercial services, such as broadband connectivity. By Region: North America dominated the small satellite market in 2018, driven by the increase in demand for small satellites from NASA and the Department of Defense (U.S.), and private sectors, such as other research organizations and telecommunication. Nevertheless, the market in the European region is expected to offer the highest growth during the forecast period. The market is driven by the high demand for small satellites as they are employed in battlefield missions, earth observation, and scientific exploration activities undertaken by various government and private organizations. Asia-Pacific is also expected to offer sizeable growth opportunities during the forecast period. Click below to run through the detailed ToC of the report: https://www.stratviewresearch.com/toc/597/small-satellite-market.html Features of the Report This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. Based on the research, a proper report is crafted with the following key features:
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