With the increase in the capabilities of smallsats owing to various recent technological developments, coupled with better understating of their increasing strategic utility, countries around the world are taking renewed interest in expanding their smallsat development programs.
All this is pushing various space agencies into developing an exclusive new generation of smallsat launch vehicles. Realizing this, Amsterdam based Market Forecast has announced the release of their latest report entitled “Global Small Satellite – Market and Technology Forecast to 2027.” The report also focuses in on 50 of the most sought after smallsat companies in the world. The report is valuable for anyone who wants to understand The dynamics of the smallsat industry and the implementation of these spacecraft, as well as the adoption of smallsat services, are focuses within this report.
The global smallsat industry is emerging as one of the most lucrative, global markets and is valued at US $3.90 billion in 2019, with projected growth at a CAGR of 19.02 percent by 2027. Demand for smallsats is anticipated to be driven by the massive investment made by countries such as the U.S., China and the European Union in the development of next generation of smallsat technologies and the large-scale procurement of such systems by countries like Saudi Arabia, India, Qatar and China. The United States is the largest spender in the domain with China, European Union, Middle East anticipated accounting for the bulk of spending.
Key Topics Covered
- Overview: Snapshot of the various Global Small Satellite market during 2019-2027, including highlights of the demand drivers, trends and challenges. It also provides a snapshot of the spending with respect to regions as well as segments. It also sheds light on the emergence on new technologies
- Market Dynamics: Insights into the technological developments in this market and a detailed analysis of the changing preferences of governments around the world. It also analyzes changing industry structure trends and the challenges faced by the industry participants.
- Segment Analysis: Insights into the various Systems market from a segment perspective and a detailed analysis of factors influencing the market for each segment.
- Regional Review: Insights into modernization patterns and budgetary allocation for top countries within a region.
For all involved in the satellite and space industry and the various market segments that add value to these dynamic environments, the 2020 SmallSat Symposium is truly worth your consideration for attendance.
The SmallSat Symposium is hosted by Satnews Publishers which, since 1983, has been a provider of a satellite news, media and events. This information packed forum was created to enable you and your company to secure a larger portion of market share as well as to take part in the next stages of your company’s or organization’s growth.
The personal connections at the SmallSat Symposium enable attendees to network with established organizations, subject-matter experts as well as ‘New Space’ entrants.
The SmallSat Symposium will focus on new technologies and the business environment that is shaping the implementation of smallsat constellations, smallsat launchers, the challenges facing the smallsat developer and actors as well as the enormous benefits of these advanced technologies that will benefit our world.
This event assembles more than 100 diverse speakers, all of whom possess deep industry experience. Additionally, numerous opportunities exist to mingle and network with peers while enjoying exceptional, complimentary meals and refreshment breakfast.