gmi research logo
GMI Research
See the Future Insights
GMI Research Facebook Page GMI Research Twitter Page GMI Research Linkedin Page
U.S Office +1 860 881 2270 : Europe Office +353 1 442 8820  


Global Small Satellite Market is projected to touch USD 4,364 Million in 2021


The report on “Global Small Satellite Market by Type (Nano, Mini, & Microsatellite), by Application (Earth Observation & Meteorology, Scientific Research & Exploration, Surveillance & Security, Communication), by End-User (Civil, Commercial and Military), by Geography – Global Forecast to 2021”. The global small satellite market was estimated at USD 1986 Million in 2016 and is projected to be valued at USD 4364 Million by the end of 2021, registering a CAGR of 17.05% during forecast period. Increased investment in space science, growing demand for high resolution earth imaging and rise in number of space missions by the government authorities worldwide are the key factors bolstering the growth of the small satellite market.

 

For more details, browse the Table of Contents: https://www.gmiresearch.com/report/small-satellite-market-by-type-and-by-application.html
Early buyers will get customization upto 20% on report
 
Based on Product Type, Nanosatellites is projected to be the fastest growing segment
 
Nanosatellites provide quicker, cost-effective and reliable access to space. These satellites can be used for complex space missions such as disaster management, environmental monitoring, scientific research and exploration, communication, military intelligence, navigation and other academic purposes. The less stringent regulations, less complex manufacturing process and low cost are the key factors fuelling the growth of nanosatellites market. 
 
Based on Application, Earth Observation & Meteorology segment is estimated to hold the largest market share in the small satellite market 
 
The earth observation and meteorology segment is estimated to capture the largest share of the total small satellite market due to the increased demand in the commercial, civil and military use globally.  These satellites are capable of monitoring situations such as cyclones, hurricanes, earth quakes, powerplant disasters, storms, volcanic activities, among others.
 
Based on End-User, Commercial segment is projected to grow at the highest rate during the forecast period
 
The commercial small satellite market is projected to grow at the highest rate during the forecast period due to rise in the research & development activities worldwide. The satellite based navigation systems and internet services will be the key trends which will fuel the growth of said market. The use of geospatial technology for earth imaging applications such as agriculture monitoring, navigation, natural disaster monitoring has further spurred the commercial small satellite market.  
 
Asia-Pacific is expected to witness a substantial growth in the small satellite market during the forecast period
 
The increasing focus towards lowering total mission costs is the key factor propelling the growth of the said market in the region. The government of emerging economies in the region are investing substantially on their development as these are satellites are cheaper, reliable and more economical. The small satellite is expected to register further growth in the emerging economies such as India and China.
 
 
About GMI Research
 
GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make right business & investment decisions faster based on real facts. We help business leaders through independent fact-based insight, ensuring their business achieve success by beating the competition.
 
GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.
 
The company provides syndicated research report, customized research, sales enablement research, data analytics and KPO (knowledge process outsourcing) service for Electronics & Semiconductors, Information Communication and Technology, Energy & Power, Healthcare, Automotive, Transportation & Logistics and Chemical industries.
 
 
Contact
Miss Anu
Level 1, The Chase Carmanhall Road,
Sandyford Industrial Estate,
Dublin D18 Y3X2, Ireland
Tel: +353 1 536 3035
Email: sales@gmiresearch.com

 

Request Sample
Ask Analyst

Become a Client

Talk to GMI Research now and know the benefits of becoming a GMI Research Client