With increase in the capabilities of small satellites owing to various recent technological developments coupled with better understating of their increasing strategic utility, countries around the world are found taking renewed interest towards expanding their small satellite development programs. All this is pushing various space agencies into developing an exclusive new generation of small satellite launch vehicles. Realizing this, Amsterdam based Market Forecast has announced the release of their latest report titled – “Global Small Satellite - Market and Technology Forecast to 2027”. We also focus on 50 of the most sought after small satellite companies in the world. The report is valuable for anyone who wants to understand the dynamics of Small Satellite industry and the implementation and adoption of Small Satellite services.
The Global Small Satellite industry is emerging as one of the most lucrative market globally. The Global Small Satellite industry, is valued at US$ 3.90 billion in 2019, is projected grow at a CAGR of 19.02% by 2027. Demand for small satellites is anticipated to be driven by the massive investment made by countries like US, China and the European Union in the development of next generation of small satellite technologies and the large-scale procurement of such systems by countries like Saudi Arabia, India, Qatar and China. The United States is the largest spender in the domain with China, European Union, Middle East anticipated accounting for the bulk of spending.
Key Topics Covered
Source: ASDReports - Market Research
Date: Sep 2, 2019