Small Satellite Market Size 2020-2026; The Best Advice You Could Ever Get !

Posted by Rushikesh Pise on March 12th, 2020

The global small satellite market size is expected to reach USD 18.30 Billion by 2026, exhibiting a CAGR of 20.28%during the forecast period. The rising integration of the Internet of Things (IoT) in various industries will boost the small satellite market growth in the forthcoming years. As IoT provides secure and high-availability data services for professional users along with high level of service reliability for active IoT deployments has led to the higher implementation of IoT. Additionally, the connectivity offered by (IoT) in industrial application for machine control & production of satellites will create new opportunities for the market in the foreseeable future.

According to the report, published by Fortune Business Insights, in a report, titled “Global Small Satellite Market Size, Share & Industry Analysis, Type (Mini Satellite, Micro Satellite, and Nano Satellite), By Component (Structure, Payload, Electric Power System, Solar Panel and Antenna Systems, Propulsion Systems, and others), By Application (Communication, Earth Observation, Navigation, Technology Development, and Others), By End User (Commercial, Military, Civil, and Government) and Regional Forecast, 2019-2026” the market size was valued at USD 4.18 Billion in 2018.  

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Rushikesh Pise

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Rushikesh Pise
Joined: November 4th, 2019
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