Global Small Satellite Market Expected to Reach $5,754 Million by 2020

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Global Automotive Relay Market Research Report
2016
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Global Small Satellite Market Expected to Reach
5,754 Million by 2020 Global Small Satellite
Market Expected to Reach 5,754 Million by 2020,
registering a CAGR of 16.3 from 2016 to 2020. In
2015, the Earth observation application dominated
the global market, in terms of revenue. North
America is expected to be the leading contributor
to the global market revenue during the forecast
period. Access Full Summary at
http//www.gosreports.com/global-small-satellite-m
arket-research-report-2016/ The global small
satellite market is driven by the increase in
need to reduce costs related to space missions.
Organizations around the world are investing in
small satellite market for imaging and
communication services. However, lack of
dedicated launchers for small satellites and
privacy of data related to Earth observation
limit the small satellite industry growth.
Application of small satellites across diverse
sectors such as defense, civil, commercial, and
government is expected to present numerous
opportunities for market growth. Request for
sample of this research report http//www.gosrepo
rts.com/global-triethyl-citrate-tec-market-researc
h-report-2017/
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Some points from TOC Part I Automotive Relay
Overview Among the various types of small
satellites, minisatellites accounted for a major
market share in 2015, owing to their widespread
application, ease of use, and ability to perform
similar functions as medium and large satellites.
The minisatellite market is expected to generate
3,012 million by 2022, registering a CAGR of
17.4. The nanosatellite market is expected to
register a high growth rate due to their low
cost, lightweight nature, ease of building and
development, and high capability of performing
complex computational tasks. CubeSats, which are
increasingly being used by academia and research,
have supplemented the growth of the small
satellite industry. Earth observation accounts
for the largest share in the small satellite
market, and is expected to generate 4,045
million in 2022, growing at the highest CAGR of
21.3. High demand for satellite imagery in the
government sector, including federal agencies,
local, and state governments for urban planning,
border mapping, infrastructure security, and
homeland security, has increased the adoption of
small satellites in the market. Various end
users, including defense, government, commercial,
and civil sectors, use small satellites to
improve infrastructure and offer enhanced
services to users. In 2015, the commercial sector
accounted for the largest share in the global
small satellite market size, and is estimated to
3,601 million by 2022, registering a CAGR of
21.3 during the forecast period. This is
attributable to the reduced cost and weight
associated with small satellites, in addition to
investments by small and medium enterprises, and
startups in the market.
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Some points from TOC Related Report
http//www.gosreports.com/global-satellite-manuf
acturing-and-launch-market-research-report-2017/
http//www.gosreports.com/global-navigation-satell
ite-system-market-research-report-2017/ http//ww
w.gosreports.com/global-satellite-transponders-mar
ket-research-report-2017/ North America
generated the highest revenue in the market in
2015, accounting for 819 million, and is
projected to reach 2,643 million by 2022,
registering a CAGR of 18.3. This is due to rise
in applications of small satellites in
agriculture, real estate, defense, and government
sectors in the North American region. Increasing
investment in the defense sector, along with
technological advancement in telecommunication
industry have boosted the small satellite market
growth during the forecast period in the
region.
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