The small satellite market is expected to grow significantly during the forecast period due to many factors, including increasing demand for small satellites for earth observation services in many areas such as agriculture, energy, civil engineering, oil and gas. Promote the use of small satellites. CubeSats are increasingly being used by defense organizations around the world to improve battlefield communications, collect information from unmanned sensors, and monitor space weather. Other applications for small satellites in the defense sector include medium-resolution imaging, tactical communications, and geospatial and atmospheric research. Compared to traditional satellites, small satellites have a shorter development cycle and a smaller development team, which reduces manufacturing and launch costs accordingly. However, factors such as the lack of a launcher dedicated to compact cars and delays and failures in launches are expected to hinder market growth.
A full report of Small Satellite Market available at: https://www.orionmarketreports.com/small-satellite-market/44997/
Some of the major players in the market include Sierra Nevada Corporation, Lockheed Martin Corporation, Airbus S.A.S., Northrop Grumman Corporation, L3Harris Technologies, Inc., The Aerospace Corporation, Planet Labs Inc., Boeing, Thales Group, GomSpace, and Blue Canyon Technologies
Small Satellite Market- Segmentation
By Engine Displacement
• 20-100 cc
• 101-450 cc
• 451-650 cc
By Equipment
• Lawnmower
• Chainsaw
• Portable Generator
• Pressure Washer
• Trimmer
• Edger
• Others (Rotary Tiller, Concrete Vibrators, Leaf Blower, and Snow Blower)
By Application
• Gardening
• Industrial
• Construction
• Others (Transportation and Installation)
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