Global Small Satellites Market and Technology Forecasts 2019-2027 by Technologies, Applications, Platforms, Launch Services, Launch Types

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Dublin, Sept. 11, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering.

Small Satellites - Market & Technology Forecast to 2027 examines, analyzes, and predicts the evolution of smallsat technologies, markets, and outlays (expenditures) over the next 8 years, 2019-2027 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.

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 endeavors; 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

Throughout the report, we show 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.

In this report, we have classified the small satellite industry under 5 major groups. We will research these 5 major groups and also provide forecast figures from 2019 - 2027.

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Globe Newswire: 12:09 GMT Wednesday 11th September 2019

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