Small satellite Market: Poised To Expand At A Robust Pace Over 2018 - 2026
Global Small Satellite Market: Overview The global market for small satellite is presumed to grow rapidly in the coming years owing to less mass weight and better storage capability of the miniature satellites. Small satellites are reduced in size in order to lessen the economic cost of launching vehicles. Apart from that the cost of constructing such satellites are also less as compared to that of the larger ones. Small satellites are comparatively more useful than their larger counterparts. More number of small satellites can prove to be multifunctional for instance, in order to gather information or for scientific data collection or even for radio relay. There are different variations to the global small satellite market with respect to end user, application, and satellite type. On the basis of type, the small satellite market can be categorized into nanosatellites, microsatellites, and minisatellites. Based on segmentation by application, the market is segmented i...