Medium and Large Satellite Market for Space Industry : An Insight On the Important Factors and Trends Influencing the Market 2018-2026
The global medium and large satellite market for space industry was valued at US$ 171.92 Bn in 2017 and is projected to expand at a compound annual growth rate (CAGR) of over 4.1% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled ‘ Medium and Large Satellite Market for Space Industry – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026. ’ This is mainly due to an increase in satellite projects across the globe, which is likely to boost demand for medium and large satellites. Moreover, huge demand for medium and large satellite across military reconnaissance and communication applications is expected to propel the market during the forecast period. The global medium and large satellite market for space industryhas been segmented based on solution, mass, band, orbit, propulsion type, application, and region. Based on solution, the market has been divided into hardware, software, data processin...