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Small Satellite Market to Soar at 19.14% CAGR to 2021 Propelled by Providing Persistent Surveillance for Longer Duration

Increasing focus on reducing mission costs is pushing small satellite market along with increasing demand for earth observation related applications of small satellite and ability in providing persist... (May 01, 2016)

PUNE, India, May 1, 2016 /PRNewswire-iReach/ -- The growth opportunities for the small satellite market include the proposed development of satellite networks to provide internet access to areas without broadband connectivity. The increasing ability of small satellites in providing persistent surveillance for longer duration is driving the growth of the small satellite market. Complete report on small satellite market spread across 131 pages, profiling 17 companies and supported with 63 tables and 37 figures is now available at .

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The Asia-Pacific region is expected to exhibit the highest growth rate in the small satellite market during the forecast period from 2016 to 2021. The growth of the small satellite market in this region can be attributed to the rising demand for earth observation and scientific segment, which will support the government's decision making process in areas such as climate monitoring, soil prospection for terrestrial and maritime areas, agricultural planning, and border surveillance.

The microsatellite segment is projected to be the fastest-growing segment in the small satellite market. These satellites are useful for high precision and complex space missions, such as remote-sensing and navigation, maritime and transport management, space and earth observation, disasters management, military intelligence, telecommunication, and among other academic purpose. The segment comprising mapping and navigation is projected to be the fastest-growing segment in the small satellite market as it helps the Global Navigational Satellite Systems (GNSS) to generate signals for effective navigation and accurate global positioning data during the forecast period.

The major players in the small satellite market include Sierra Nevada Corporation, ST Engineering Limited, Surrey Satellite Technology Ltd., Planet Labs Inc., Airbus Defense and Space, Northrop Grumman Corporation, Space Exploration Technologies Corp. (SpaceX), Boeing, Thales Alenia Space, Millennium Space System Inc., Lockheed Martin Corporation , Geo Optics Inc., One Web Ltd, OHB, Harris Corporation, Spire Global Inc., and Aerospace Corporation. Priced at $4650 for a single user PDF, a discount on "Small Satellite Market by Type (Nano, Mini, & Microsatellite), by Application (Earth Observation & Meteorology, Scientific Research & Exploration, Surveillance & Security, and Others), by End-User, by Geography - Global Forecast to 2021" research report can be requested at .

On a related note, another research titled Satellite Transponder Market Global Forecast to 2020 says, the global satellite transponder market is estimated to be USD 15.55 billion in 2015, and is projected to reach USD 20.10 billion by 2020 at a CAGR 5.3% from 2015 to 2020. Middle East & Africa would witness significant adoption of satellite transponder service in the coming years. Companies like Eutelsat Communications S.A., Intelsat S.A., SES S.A., Thaicom Public Company Limited, Sky Perfect Jsat Corporation, Embratel Star One, Singapore Telecommunication Limited (Singtel), Telesat Canada, Hispasat and Arabsat have been profiled in this 147 pages research report available at .

Explore more reports on IT & Telecommunication market at .

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