• Home
  • News
    • Agriculture
    • Aviation & transport
    • Arts & Entertainment
    • Business & Finance
    • Conferences & Seminars
    • Cryptocurrency
    • Economy
    • Education
    • Forex & Commodities
    • Manufacturing & Industry
    • Media
    • Oil & Energy
    • Pharma & Health
    • Politics
    • Real Estate & construction
    • Sports
    • Stock Markets
    • Telecom & Tech
    • Travel & Tourism
  • Europe
  • Middle East
  • Africa
  • Press
  • About Us
    • Press Release Distribution Services
    • Submit Press Release
    • Contact Us
Submit PR
Search
Close
Search
Close
Home Press

Global Small Satellite Market worth $7.4 billion by 2026

admin by admin
May 11, 2022
in Press
Share on FacebookShare on Twitter


 


(EMAILWIRE.COM, May 11, 2022 ) The small satellite market is projected to grow from USD 3.1 billion in 2021 to USD 7.4 billion by 2026, at a CAGR of 19.4 %.Increase in number of space exploration mission and LEO based services is projected to drive the small satellite market during the forecast period.

Small satellite systems hold a huge potential for small satellite data service providers, small sat service providers, remote sensing service providers, technical service providers, and investors. The market is one of the most lucrative verticals of the space industry. Factors such as versatility, low cost, advanced mechanics, ease of assembly and launch, mass production, and short lifecycles have driven investments in the small satellite market. The amount of satellite data and the range of applications for that data will continue to grow in the future as new technologies develop and more satellites come online.

Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=150947396

Based on subsystem, the small satellite market is segmented into satellite bus, payloads, solar panels, satellite antenna, and others. The satellite bus is further segmented into attitude & orbital control systems, command & data handling systems (C&DH), electrical power systems, propulsion, telemetry, tracking and command (TT&C), structure, and thermal systems. The attitude & orbital control system is a crucial subsystem of a satellite. It provides pointing accuracy and stability of the payloads and antennas as critical parts of satellite operation and mission success. The Attitude & orbital control system is required when the orientation (attitude) of the spacecraft is important and must be known and controlled.

Based on orbit, the small satellite market is segmented into LEO, MEO, GEO, and others. The emphasis on the development of small satellites, coupled with the integration of IoT and 5G technology hardware, is fueling the growth of the small satellite market. These satellites are mostly used in navigation and mapping, meteorology, and communication. The LEO segment is projected to lead the small satellite market during the forecast period. Growing demand for high-speed and low-latency communication and increased satellite and spacecraft launches in LEO are primarily driving this segment.

Based on region, North America is expected to lead the small satellite market from 2021 to 2026. The use of small satellite in US is is expected to grow for consumer broadband, media and entrainment, agriculture, defense and security, maritime, transportation and logistics, and engineering and infrastructure applications. In 2021, L3Harris Technologies received a contract worth USD 137 million from Lockheed Martin for four digital payloads to be used in GPS navigation satellites.

Some key US-based satellite payload companies are SpaceX (US), Sierra Nevada Corporation (US), L3 Harris Technologies (US), Lockheed Martin Corporation (US), and Northrop Grumman Corporation (US).

Ask for Sample Report @
https://www.marketsandmarkets.com/requestsampleNew.asp?id=150947396

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



Source link

Previous Post

Another Feather in Ras Al Khaimah’s already Quite Full Cap.

Next Post

Russia scrambles to save aviation as sanctions begin to bite – POLITICO

RelatedPosts

Press

C6ISR Market: Global Trends, Growth Opportunities, and Forecasts to 2030

(EMAILWIRE.COM, June 05, 2023 ) The C6ISR Market is projected to expand at a compound annual growth rate...

by admin
June 5, 2023
Press

Immersive Analytics Market Share, Application Analysis, Regional Outlook, Competitive Strategies, Key Players to 2028

(EMAILWIRE.COM, June 05, 2023 ) The global Immersive Analytics Market size is projected to grow from USD 0.8...

by admin
June 5, 2023
Press

Edge Computing in Healthcare Market worth $12.9 billion by 2028

 (EMAILWIRE.COM, June 05, 2023 ) The report "Edge Computing in Healthcare Market by Component (Hardware, Software, Services), Application...

by admin
June 5, 2023
Press

Hybrid EV Conversion Kit Market to reach USD 1425.48 Mn by 2029 at a growth rate of 16.5 percent over the forecast period

 Hybrid EV Conversion Kit Market(EMAILWIRE.COM, June 05, 2023 ) The total global market for the “Hybrid EV Conversion...

by admin
June 5, 2023
Load More

Latest Post

Africa has technology and innovation to achieve zero hunger … – African Development Bank

by admin
June 5, 2023

GITEX Africa: Huawei Leverages New Solutions for a More Digital … – Morocco World News

by admin
June 5, 2023

Oil and Gas Additive Manufacturing Market Growth, Share, Size, Performance And SWOT Analysis 2023 -2029 – openPR

by admin
June 5, 2023

Heard on the Street: Europe's Economy May Be Stronger Than It … – The Wall Street Journal

by admin
June 5, 2023

Australian children stranded in Syria sue government to push for … – Middle East Eye

by admin
June 5, 2023

EMEAWIRE™ provides press release distribution services for businesses, organizations and other entities with the need to reach media outlets in Europe, Middle east and Africa (EMEA) Submit press release or contact us today.
Share us

Subscribe to Our Newsletter

    • Home
    • News
      • Agriculture
      • Aviation & transport
      • Arts & Entertainment
      • Business & Finance
      • Conferences & Seminars
      • Cryptocurrency
      • Economy
      • Education
      • Forex & Commodities
      • Manufacturing & Industry
      • Media
      • Oil & Energy
      • Pharma & Health
      • Politics
      • Real Estate & construction
      • Sports
      • Stock Markets
      • Telecom & Tech
      • Travel & Tourism
    • Europe
    • Middle East
    • Africa
    • Press
    • About Us
      • Press Release Distribution Services
      • Submit Press Release
      • Contact Us
    Menu
    • Home
    • News
      • Agriculture
      • Aviation & transport
      • Arts & Entertainment
      • Business & Finance
      • Conferences & Seminars
      • Cryptocurrency
      • Economy
      • Education
      • Forex & Commodities
      • Manufacturing & Industry
      • Media
      • Oil & Energy
      • Pharma & Health
      • Politics
      • Real Estate & construction
      • Sports
      • Stock Markets
      • Telecom & Tech
      • Travel & Tourism
    • Europe
    • Middle East
    • Africa
    • Press
    • About Us
      • Press Release Distribution Services
      • Submit Press Release
      • Contact Us

    Browse by Category-

    Home

    Europe

    Middle East

    Africa

    Global

    News

    -Agriculture

     – Arts & Entertainment

    — Aviation & transport

    — Business & Finance

    — Conferences & Seminars
    — Cryptocurrency
    — Economy
    — Education
    — Forex & Commodities
    — Manufacturing & Industry
    — Media
    — Oil & Energy
    — Pharma & Health
    — Politics
    — Real Estate & construction
    — Sports
    — Stock Markets
    — Telecom & Tech
    — Travel & Tourism

    About Us

    -Pr Services
    -Submit PR
    -Contact Us

    © 2023 Copyright EMEAWIRE™

    Share us

    Share on facebook
    Facebook
    Share on twitter
    Twitter
    Share on linkedin
    LinkedIn
    Share on pinterest
    Pinterest