Global Small Satellite Market to See Swift Growth, Forecasts Azoth Analytics in Its Report Available at MarketPublishers.com13 Oct 2016 • by Natalie Aster
LONDON – At present, the customer demand for Earth & space observation, communication as well as technology demonstration is surging. This, in its turn, drives the demand for small satellites.
The demand for such satellites has been growing across different end-use sectors like climate and environmental monitoring, agriculture, disaster management, and more. With the demand continuing to skyrocket and satellites’ increasing miniaturization, the market for small satellites is set to show considerable growth in the years to come.
The small satellite marketplace is ruled by North America which is followed by APAC and Europe. The situation may change in future and North America may be dethroned give a high growth tempo of the marketplace in APAC.
Globally, the marketplace is set to grow substantially (at a double-digit rate) over the period 2016-2021F. Its CAGR is expected to be above 19% over the forecast period, and rising applications will the primary driver of the growth.
This market is set to witness an intense competition amongst its participants. Such a tough completion will come from rising awareness among operators and manufacturers relative to the space science, communication services and climatic changes.
Currently, GeoOptics, SpaceX, Boeing and Spire Global are some of companies dominating the global space.
In-demand research report “Global Small Satellite Market (By Type, By Application, By End-Use): Trends, Opportunities and Forecasts (2016-2021)” elaborated by Azoth Analytics provides a comprehensive discussion of the world’s market for small satellites. The study comprises an all-round overview of the marketplace and estimates its sizing.
It casts light on performance of the market on the basis of small satellites types. The report examines the marketplace on the basis of applications and end-users. Performance of regional marketplaces is highlighted in the research study.
The research report delves deep into major country markets. Major trends, forces driving change as well as challenges are looked at in the study, too. It investigates the regulatory environment and profiles top players. Different analyses like Porter’s five forces analysis are on hand in the report. The research study also comprises future outlook through 2021.
More insightful reports by Azoth Analytics can be found at its page.