Global Small Satellite Market Forecast by 2021 Global Small Satellite Market is projected to touc | Page 3

Based on End-User, Commercial segment is projected to grow at the highest rate
during the forecast period
The commercial small satellite market is projected to grow at the highest rate
during the forecast period due to rise in the research & development activities
worldwide. The satellite based navigation systems and internet services will be
the key trends which will fuel the growth of said market. The use of geospatial
technology for earth imaging applications such as agriculture monitoring,
navigation, natural disaster monitoring has further spurred the commercial small
satellite market.
Asia-Pacific is expected to witness a substantial growth in the small satellite
market during the forecast period
The increasing focus towards lowering total mission costs is the key factor
propelling the growth of the said market in the region. The government of
emerging economies in the region are investing substantially on their
development as these are satellites are cheaper, reliable and more economical.
The small satellite is expected to register further growth in the emerging
economies such as India and China.
For more details, browse the Table of
Contents: https://www.gmiresearch.com/report/small-satellite-market-by-type-
and-by-application.html
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