Satellite Services Market Overview, Key Players, Growth Drivers, Product Scope & Regional Outlook 2022
The global small satellite services market size is projected to grow from an estimated USD 14.88 Billion in 2017 to USD 53.22 Billion by 2022, at a CAGR of 29.03% during the forecast period. Key factors, such as increasing demand for earth observation and satellite broadband services, and satellite miniaturization technology are expected to fuel the growth of the small satellite services market. Based on platform, the minisatellite (101–500 kg) segment is estimated to account for the largest share of the small satellite services market in 2017 due to the increasing demand for services, such as remote sensing, disaster management, military intelligence, telecommunications, and other academic services globally. Based on vertical, the commercial segment is projected to lead the small satellite services market during the forecast period Based on vertical, the commercial segment is projected to lead the small satellite services market during the forecast period. Small satellites h...