What are the latest trending techniques of Small Satellite?
Small satellite are developed by small, and highly interactive teams which
work with the satellite from the conception through launch and operation. Also small
satellites are those which weighs less than 1,000 kilograms. Factors driving
the small satellite market is increase in the investment amount by the venture
companies to promote adoption of small satellites to have high speed and
greater efficiency which is accelerating the growth of Small satellite market.
key development in past five years. Some of the key players influencing the
market are the list of companies for Small satellite market are Northrop
Grumman Corporation, Airbus Defense and Space, Harris Corporation, Planet labs
Inc., Thales Group, Millennium Space Systems Inc., Aerospace Corporation,
Sierra Nevada Corporation, Space Exploration Technologies Corp., and Surrey
Satellite Technology Ltd. among others.
However, due to dearth of launch vehicles, small satellites lags behind when
it comes to launch these small satellites into space which is considered as one
of a restraining factors responsible to hinder the growth of small satellite
market. On the other hand, combination of low cost, low launch costs, and
continuous development make small satellites appropriate for new and different
applications which is further expected to grow the small satellite market with
opportunities in the forthcoming period.
Small Satellite Market to 2025 - Global Analysis and Forecasts by Type of
Satellite (Microsatellite, Nanosatellite, and Minisatellite); Application
(Surveillance & Security, Communication, Scientific Research &
Exploration, Earth Observation & Meteorology, and Mapping &
Navigation); Vertical (Defence, Commercial, Government, Non-profit
Organizations, and Others)
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