Small Satellite Market Growth

The small satellite market is estimated to register a cagr of more than 17 during the forecast period.

Small satellite market growth.

Pslv c 45 satellite is a low earth orbit surveillance satellite mainly launched for military purposes and helps to monitor the locations of enemy radar sites deep in their territory. Significant investments by the venture companies the growing demand for low cost miniaturized satellites and increasing demand for earth observation applications are some of the major driving factors propelling the growth of the small satellite market. Global small satellite market analysis trends applications analysis growth and forecast to 2028 is a recent report generated by marketresearch biz. The global small satellite market is expected to exceed more than us 10 50 billion by 2024 at a cagr of 20 83 in the given forecast period.

Us will remain dominant in global small satellite market accounting for an estimated value share of around 54 in 2018. The small satellite market research provides detailed market information for number of smalls satellite launches subcomponents de scope of the market intelligence on global small satellite market the purpose of this market analysis is to examine the small satellite market outlook in terms of market drivers trends technological developments. 117 11 1 introduction figure 26 ku segment projected to grow at the highest cagr during forecast period table 37 small satellite market size by frequency 2018 2025 usd million 11 2 l band 11 2 1 l band is extensively used in data communications and traffic information. Holding more than 55 of the market value share in 2017 north american market for small satellite is expected to grow at a significant cagr of 13 1 by 2028 end.

The rising implementation of satellites on the battlefield for enemy surveillance is one of the factors responsible for boosting the small satellite market growth. The small satellite market is estimated to register a cagr of more than 17 during the forecast period. 24 2020 at 6 28 a m. Small satellite market competitive vendors growth drivers and regional analysis harris corporation airbus defence and space sa boeing published.

11 small satellite market by frequency page no.