The major factors that propel the small satellite market are low cost, lightweight, and increased applications of small satellites across diverse sectors.
Analyst Report
The launches of new satellites will offer upgraded capabilities for particular applications.
Despite Covid-19 impacting some segments of the commercial space market, revenues in this sector have surpassed 310bn, according to the analyst.
Commercial constellations set new standards for the industry in numbers but GEO comsat and government still drive the biggest demand in manufacturing and...
The growth of the segment is driven by the development of a large number of mini, micro, and nanosatellite programmes and increased demand for low-cost and...
The study identifies the use of remote sensing satellites in mapping forest biomass as one of the reasons driving the remote sensing satellite market growth...
While pricing is beginning to stabilise, the mobility market is now seeing pricing erosion in the short term, due to the Covid-19 pandemic and its impact on...
North America is anticipated to dominate the market studied, during the forecast period, due to the highest number of ongoing research studies and investments...
The revenue generated from various applications developed using earth observation satellite imagery is expected to grow to nearly $2.2bn by 2029.
