Small Satellite Market Forecast

It also examines small sat markets geographically focusing on the top 95 of.
Small satellite market forecast. The market has been forecast based on volume kilo tons and value us mn from 2017 to 2025. The global small satellite market size was valued at usd 4 18 billion in 2018 and is projected to reach usd 18 30 billion by 2026 exhibiting at a cagr of 20 28 during the forecast period. Such demand would take the small satellite launch services market past the u s 69 billion mark and present significant growth opportunities throughout the industry. Small satellite market forecast report 2020 recent trends share and growth forecast to 2026.
This report analyzes and forecasts the market for small satellite at the global and regional level. Small satellite market in north america is projected to grow at the highest cagr during the forecast period due to demand for small satellites in north america is being driven by the booming digitalization across industries along with the surging demand for earth observation satellites which offer extremely high resolution earth images and. We are in process of revamping small satellite market with respect to covid 19 impact. North america is a leading region for the adoption of small satellites and provides great opportunities for the growth of the overall market.
Market forecast s latest report small satellites market technology forecast to 2027 examines analyzes and predicts the evolution of small sat technologies markets and outlays expenditures over the next 8 years 2019 2027 in the space industry. In order to keep up with market demand frost sullivan anticipates. 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. The region has always been an early adopter of new technologies or software.
Small satellite market size to reach 18 30 billion by 2026 and exhibiting a cagr of 3 92 by 2026 this report covers small satellite key market driver size industry growth rate opportunities market dynamics and overall global overview of top companies with forecast data till 2026. Frost sullivan forecasts an estimated launch demand for 11 746 small satellites for new constellation installations and replacement missions by 2030.