Projected Grow At A CAGR Of 19.02 Percent By 2027

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”. The report also focuses 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 $3.90 billion in 2019, is projected grow at a CAGR (Compound Annual Growth Rate) of 19.02 percent 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

• Overview: Snapshot of the various Global Small Satellite market during 2019-2027, including highlights of the demand drivers, trends and challenges. It also provides a snapshot of the spending with respect to regions as well as segments. It also sheds light on the emergence on new technologies
• Market Dynamics: Insights into the technological developments in this market and a detailed analysis of the changing preferences of governments around the world. It also analyzes changing industry structure trends and the challenges faced by the industry participants.
• Segment Analysis: Insights into the various Systems market from a segmental perspective and a detailed analysis of factors influencing the market for each segment.
• Regional Review: Insights into modernization patterns and budgetary allocation for top countries within a region.

(Source: ASDReports news release)

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