DUBLIN--(BUSINESS WIRE)--The "Small Satellite Services Market by Platform (CubeSat, Nanosatellite, Microsatellite, Minisatellite), Vertical (Government & Military, Non-Profit Organizations), Application (Remote Sensing, Communication) & Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The Small Satellite Services Market is Estimated at USD 14.88 Billion in 2017 and is Projected to Reach USD 53.22 Billion By 2022, at a CAGR of 29.03%
Key factors, such as increasing demand for internet access to areas without broadband connectivity and satellite miniaturization are expected to fuel the growth of the small satellite services market. However, factors, such as lack of dedicated launch vehicles and design-related limitations may act as restraints for the growth of the small satellite services market.
Based on platform, the minisatellite segment is projected to lead the small satellite services market during the forecast period. Minisatellites provide services, such as telecommunication, earth observation & meteorology, scientific research & exploration, mapping & navigation, and surveillance & security. The nanosatellite segment is projected to witness the highest growth. The low mission cost of nanosatellites has led to an increasing demand for these services in the defense sector.
Based on vertical, the commercial segment is projected to lead the small satellite services market during the forecast period, followed by the government & military segment. Small satellites help commercial companies gather global real-time data and distribute it at a surprisingly low price to their customers across a wide geographic area. Furthermore, advancements in terrestrial computing and the ability of satellites to communicate with one another have helped enhance the usefulness of small satellites in services, such as scientific research.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Small Satellite Services Market, By Platform
8 Small Satellite Services Market, By Vertical
9 Small Satellite Services Market, By Application
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
- Iridium Communication
- KVH Industries
For more information about this report visit https://www.researchandmarkets.com/research/k6r79c/global_53_2?w=4