Global Small Satellite Services Market is Estimated to Reach $68 Billion by 2025
Global Small Satellite Services Market report published by Accurize Market Research forecast that the global market is expected to reach $68 billion by 2025; growing at a CAGR of 29.2% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
Increasing demand for high-resolution imaging services and modified scope of applications throughout the world to drive the growth of the market
Increasing demand for high-resolution imaging services and modified scope of applications fuel the demand for the global small satellite services market. Furthermore, favorable costs and new technological advancements also boost the growth of the market.
The global small satellite services market has been bifurcated on the basis of platform, vertical, application and geography. Based on platform, the small satellite services market is segregated into CubeSat, nanosatellite, minisatellite and microsatellite. The vertical segment of small satellite services market is divided into government & military, non-profit organizations and commercial. Based on application, the small satellite service market i