DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Small Satellite Market - Global Forecast to 2021" report to their offering.
The small satellite market is expected to grow from USD 2.22 billion in 2016 to USD 5.32 billion by 2021, at a CAGR of 19.14% from 2016 to 2021. The market for small satellite is driven by factors, such as the increasing focus on reducing mission costs as well as increasing demand for earth observation-related applications of small satellite.
The micro-satellite segment is projected to be the fastest-growing segment in the small satellite market. These satellite are useful for high precision and complex space missions, such as remote-sensing and navigation, maritime and transport management, space and earth observation, disasters management, military intelligence, telecommunication, and among other academic purpose. The segment comprising mapping and navigation is projected to be the fastest-growing segment in the small satellite market as it helps the Global Navigational Satellite Systems (GNSS) to generate signals for effective navigation and accurate global positioning data during the forecast period.
The Asia-Pacific region is expected to exhibit the highest growth rate in the small satellite market during the forecast period from 2016 to 2021. The growth of the small satellite market in this region can be attributed to the rising demand for earth observation and scientific segment, which will support the governments' decision making process in areas such as climate monitoring, soil prospection for terrestrial and maritime areas, agricultural planning, and border surveillance.
- Aerospace Corporation
- Airbus Defense and Space
- Geooptics Inc
- Harris Corportion
- Lockheed Martin Corporation
- Millennium Space Systems Inc.
- Northrop Grumman Corporation
- Oneweb Ltd.
- Planet Labs Inc.
- Sierra Nevada Corporation
- Space Exploration Technologies Corp. (Space X)
- Spire Global Inc.
- ST Engineering Limited
- Surrey Satellite Technology Ltd.
Thales Alenia Space
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Small Satellite Market, By Type
8 Small Satellite Market, By Application
9 Small Satellite Market, By End User
10 Small Satellite Market, By Region
11 Competitive Landscape
12 Company Profile
For more information about this report visit http://www.researchandmarkets.com/research/t9527b/small_satellite