Europe Small Satellite Market to Register Robust Growth During Forecast Period
Satellite miniaturization to
reduce total mission cost to drive the growth of Europe small satellite market
According
to Tech Sci Research report, “Europe
Small Satellite Market Type, By End User, By Application, By Subsystem, By
Country, Competition,
Forecast & Opportunities, 2025”, the Europe small satellite market is expected to witness an
impressive growth during the forecast period. Small satellites can be launched
on small launch vehicles that helps in total cost reduction during space
missions, thereby driving the market growth. Moreover, surging demand for small
satellites in various sectors like energy, agriculture, oil & gas, civil
engineering among others for earth observation services is further anticipated to
give healthy push to the growth of small satellite market in the region through
the forecast years. Furthermore, development of small satellite requires
smaller R&D team and shorter development cycles, when compared to
conventional satellites, which in turn decreases the overall manufacturing and
launching cost. However, the factors that can act as major impediments to the
market growth in the next five years are delay & failure in launches and
absence of dedicated launchers for small vehicles.
Browse
market data Tables and Figures spread through
Pages and an in-depth TOC on " Europe
Small Satellite Market"
https://www.techsciresearch.com/report/europe-small-satellite-market/4496.html
The Europe small satellite market is segmented based on type, end user, application,
subsystem, country and company. In terms of application, the Europe small
satellite market is fragmented into earth observation & meteorology,
communication, scientific research & exploration, surveillance & security,
mapping & navigation. Among them, the earth observation & meteorology
segment of the small satellite market is projected to grow at highest CAGR until
2025. The reason for the growth of the segment is the ability of earth
observation & meteorology missions to generate high-quality complex images
with the help of programs to develop and examine advanced hyper-spectral
imaging systems compatible with satellites.
Sierra Nevada Corporation, Singapore Technologies Engineering Limited,
Surrey Satellite Technology LTD., Planet Labs Inc., Airbus Defense and Space,
Northrop Grumman Corporation, Space Exploration Technologies Corp., Millennium
Space Systems Inc., Lockheed Martin Corporation, Harris Corporation etc. are
some of the leading players operating in Europe small satellite market.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4496
Customers
can also request for 10% free customization on this report.
“The
Europe small satellite market is expected to grow at a rapid pace through 2025
owing to its widespread applications in the defense sector which include
tactical communication, medium resolution imagery and geospace &
atmospheric research. Also, huge investments by venture companies coupled with
the increasing demand for low-cost miniaturized satellites are further anticipated
to augment the market growth until 2025,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Europe Small Satellite Market Type, By End User, By
Application, By Subsystem, By Country, Competition, Forecast & Opportunities,
2025” has
evaluated the future growth potential of Europe small satellite market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in Europe small satellite market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]