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Small Satellite Market

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vansh gupta
Small Satellite Market

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The Small Satellite Market is expected to promise high growth owing to the increasing demand for high resolution imaging services in recent years. Increasing demand from end-use industries including civil, commercial, defense, the government is expected to drive the growth of small satellite market. This market has witnessed a number of key developments by major companies including Aerospace Corporation, Airbus Defense and Space, Boeing, EchoStar Corporation, Eutelsat Communications S.A., Geooptics Inc., Harris Corporation, and others with a focus on organic as well as inorganic growth strategies. Developing regions including the Asia Pacific and the Middle East have been among the high potential markets with high growth in some of the key economies.

Small satellites weigh below 500 kg. Nowadays, these satellites are used for numerous applications such as mobile communication, earth observation, mapping navigation, remote sensing, scientific research & exploration, and surveillance & security. With advancements in technology in the field of microelectronics such as low weight antennas, apertures, panels, trans-receivers, control sensors, and actuators in small satellites and the rising need for earth observation service for sectors such as agriculture, energy, defense, communication, scientific research, and space exploration, governments and private companies are investing in these satellites. This is expected to drive the market for small satellites during the forecast period.

 

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