BIS Research - Emerging Technology Market Intelligence

Small Satellites Market Taking Over the Aerospace Industry

Jan 10, 2018 3:15:41 AM / by BIS Research posted in Aerospace defense, Global Small Satellites Market, small satellite industry trends, small satellite launch market forecast, Small Satellite Market Forecast, small satellite launch market, Small satellite market growth

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Small satellites have become a phenomenon across the global aerospace industry with every country launching multiple satellites at a time. The last few years have witnessed a sudden rise in the number of companies entering the satellite industry due to the revolutionary invention of small satellites which has reduced the manufacturing cost significantly. These small satellites are much less heavy and as efficient as the heavier satellites that serve governmental agencies or public sector industries. This invention has opened up a plethora of opportunities for transformative science, pushing the limits of space exploration through innovative technologies.

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