The “Small Satellites – Market and Technology Forecast to 2029” report has been added to ResearchAndMarkets.com’s offering.
A small satellite, miniaturized satellite, or smallsat is a satellite of low mass and size, usually under 500 kg (1,100 lb). While all such satellites can be referred to as ‘small’, different classifications are used to categorize them based on mass.
Motivated by visions of hundreds, if not thousands, of small satellites launching yearly; buoyed by venture capitals markets that become responsive to space endeavours; and encouraged by the highly visible success of SpaceX, entrepreneurs across the globe have embarked on what was once considered the incredibly risky and financially non-rewarding venture of designing and fielding a new rocket. The global smallsat market is dominated by companies based in the United States, China and European Union.
The report examines, analyzes, and predicts the evolution of smallsat technologies, markets, and outlays (expenditures) over the next 8 years – 2021 -2029 in the space industry. It also examines small sat markets geographically, focusing on the top 95% of global markets, in the United States, Europe, and Asia.
This report shows how smallsats are used today to add real value. To provide the most thorough and realistic forecast, this report provides a twin-scenario analysis, including steady-state, the emergence of new smallsat technology.
This report classifies the small satellite industry into 5 major groups. Six major groups are researched and forecast figures from 2021 – 2029 are provided. PR Newswire