Small Satellite Market Growth

The rising implementation of satellites on the battlefield for enemy surveillance is one of the factors responsible for boosting the small satellite market growth.
Small satellite market growth. Small satellite market competitive vendors growth drivers and regional analysis harris corporation airbus defence and space sa boeing published. 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. 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. Us will remain dominant in global small satellite market accounting for an estimated value share of around 54 in 2018.
The small satellite market is estimated to register a cagr of more than 17 during the forecast period. 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. 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.
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. 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. 11 small satellite market by frequency page no. The global small satellite market report has been segmented on the basis of satellite type application type end user and region.
The number of small satellites launched in 2017 exceeded even the most optimistic forecasts but continued growth of the market requires new companies.