30 July 2018
Visiongain’s new report : Small Satellite Market Report 2018-2028: Forecasts by Classification (Nanosatellite, Microsatellite, Minisatellite, Picosatellite, Femtosatellite), By Application (Meteorology, Security/Surveillance, Earthquake/Seismic Monitoring, Scientific Research, Other Applications) Plus Analysis of Leading Companies indicates that the global Small Satellites market will see more than USD $1.76 BILLION spending in 2018..
The lead analyst of the report said: Visiongain has forecast confident growth for the small satellites market. Small satellites are expected to play a significant role in providing access to space and satellite applications for developing countries, who were previously restrained by the huge costs entailed in developing large satellites weighing more than 500 kilograms.
The U.S. is expected to be the major market on account of the high-demand from NASA and the Department of Defence (DoD). It is likely to be followed by Europe and Asia, which have witnessed the launch of several small satellites by countries like China, Indonesia, and Japan among others. Countries in the Middle East and Africa are also undertaking various initiatives to encourage the launch and development of small satellites. The academic institutions in these countries have been spearheading small satellite programmes to qualify and demonstrate their technology and engineering capability.
The 171 page report contains 68 tables and 59 charts and graphs that add visual analysis in order to explain developing trends within the small satellites market. Visiongain provides forecasts for the period 2018-2028 for the leading small satellites submarkets, namely Nanosatellite, Microsatellite, Minisatellite, Picosatellite, Femtosatellite.
The 171 page report offers market forecasts and analysis for 18 leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies’ chapter covering 8 companies leading the field in small satellites.
The Small Satellite Market Report 2018-2028 report will be of value to anyone who wants to better understand the small satellites market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the small satellites industry.
Notes for Editors
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