Small Satellite Market Projected to Grow at 19.54% CAGR as Applications Development Rise From 2016 to 2021F

Oct 04, 2016, 12:45 ET from ReportsnReports

PUNE, India, October 4, 2016 /PRNewswire/ --

According to research report, "Global Small Satellite Market (By Type, By Application, By End-Use): Trends, Opportunities and Forecasts (2016-2021)" the industry is projected to exhibit a CAGR of over ~19.54% during 2016 - 2021, driven by the increasing number of launches and, design and development of low cost satellites. On the basis of market segment, the market has been segmented on basis of type (Nano Satellite, Micro Satellite and Mini Satellite).

Complete report on Small Satellite market spread across 215 pages, analysing 10 major companies and providing 28 tables and 90 figures is now available at

Small satellites are built by small businesses, NGO's and Educational institutions for space access at affordable cost. Global small satellite market is driven by rising investments in space sciences and increasing number of government and private missions.

From the market point of view, Small satellite market will increase in the forecast period. However, rising number of launches, secondary payloads and access to earth orbits is expected to give strong growth to the market.

Among the regions, North America holds the major market due to increasing advancements and research activities in the region and remains a strong market in the forecast period, followed by the APAC and Europe region. And APAC region will continue to witness strong growth driven by the countries such as China and Japan.

The report titled "Global Small Satellite Market (By Type, By Application, By End-Use): Trends, Opportunities and Forecasts (2016-2021)" has analysed the potential of Global Small Satellite Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global small satellite market. Additionally, the report also highlights market supply chain model for various companies across the globe. Order a Copy of Report at

Company Profiles covered include those of Boeing Co., Sierra Nevada Corporation, Lockheed Martin Corp, Aerospace Corp, Spire Global Inc., SpaceX, Harris Corporation, Airbus Defence and Space, GeoOptics Inc. and Millennium Space Systems.

Another related report is The Global Military Satellites Market 2015-2025 - Country Analysis: Market Profile. This report offers detailed analysis of the global Military Satellites market over the next ten years, and provides extensive market size forecasts by country and sub sector. It covers the key technological and market trends in the Military Satellites market.

"The Global Military Satellites Market 2015-2025 Country Analysis: Market Profile" provides details of the key markets in each region, offering an analysis of the top segments of Military Satellites, expected to be in demand. It also investigates the top three expected Military Satellites programs, in terms of demand in the key markets in each region.

Comprehensive table of content is available at

Explore other reports on public sector market segments at

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