Global Small Satellite Market to Grow at CAGR of 14% from 2019-2030

Dublin, Ireland, Sept. 23, 2019 — Research and Markets has predicted that the small satellite market will grow at a significant CAGR of 14.15% by value and 14.28% by volume, during the forecast period from 2019 to 2030.

In its latest Global Small Satellite Market - Analysis and Forecast (2019-2030) report, the research firm said the North America dominated the global small satellite market at a share in 2018 but Europe, including the major countries such as the U.K., Germany, Denmark, and Russia, are the most prominent countries for the small satellite market. During the forecast period, the Rest-of-the-World is anticipated to grow at the highest rate due to the increasing requirement of the affordable satellite to attain sustainability.

Presently, small satellites are being increasingly used for applications such as weather forecast, surveillance, earth observation, navigation, communication, meteorology, and other purposes. Of late, there has been an increased demand for efficient small satellite constellations for providing better connectivity for smart devices, Internet of Things (IoT), increased data analytics, and migration to streaming broadband.

The small satellite market research provides detailed market information for a number of smalls satellite launches, subcomponents demand in the current scenario and by 2030. The purpose of this market analysis is to examine the small satellite market outlook in terms of market drivers, trends, technological developments, and funding scenario, among others.

The report further takes into consideration the market dynamics and the competitive landscape along with the detailed financial and product contribution of the key players operating in the market. The small satellite market report is a compilation of different segments including market breakdown by end-user, application, subsystem, type, and region.

The report content includes -- Market Dynamics, Competitive Insights, Industry Analysis and the Global Small Satellite Market, in terms of End user, application, type, subsystems, and regions.

Among the companies mentioned in the report are: Airbus S.A.S, BAE Systems, BlackSky Global LLC, Capella Space, and Harris Corporation.