Press Release

Global Small Satellite Market Worth USD 5.32 Billion by 2021

By SpaceRef Editor

May 6, 2016

Filed under Commerce, Research and Markets, US

Research and Markets has announced the addition of the “Small Satellite Market by Type (Nano, Mini, & Microsatellite), by Application (Earth Observation & Meteorology, Scientific Research & Exploration, Surveillance & Security, and Others), by End-User, by Geography – Global Forecast to 2021” report to their offering.

The small satellite market is expected to grow from USD 2.22 billion in 2016 to USD 5.32 billion by 2021, at a CAGR of 19.14% from 2016 to 2021.

The microsatellite segment is projected to be the fastest-growing segment in the small satellite market. These satellite are useful for high precision and complex space missions, such as remote-sensing and navigation, maritime and transport management, space and earth observation, disasters management, military intelligence, telecommunication, and among other academic purpose.

The segment comprising mapping and navigation is projected to be the fastest-growing segment in the small satellite market as it helps the Global Navigational Satellite Systems (GNSS) to generate signals for effective navigation and accurate global positioning data during the forecast period.

Companies Mentioned:

Aerospace Corporation
Airbus Defense and Space
Boeing
Geooptics Inc
Harris Corporation
Lockheed Martin Corporation
Millennium Space Systems Inc.
Northrop Grumman Corporation
OHB
Oneweb Ltd.
Planet Labs Inc.
ST Engineering Limited
Sierra Nevada Corporation
Space Exploration Technologies Corp. (Space X)
Spire Global Inc.
Surrey Satellite Technology Ltd.
Thales Alenia Space
Report Structure: