DUBLIN–(BUSINESS WIRE)–The “Satellite Payloads – Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to the report, the market accounted for $10.98 billion in 2017 and is expected to reach $26.51 billion by 2026 growing at a CAGR of 10.3% during the forecast period.
Rapid growth in hosted payloads, satellite miniaturization and major innovations in communication & navigation applications are some factors boosting the market growth. However, high expenditure on development is a major restraint hampering the market. Moreover, cost reduction in satellite and exposure of Over-The-Top platform in television industry will provide significant opportunities for the market growth over the forecast period.
Based on the orbit type, the LEO (low earth orbit) segment is expected to lead the market, due to its wide variety of applications in earth observation, remote sensing, and mobile & telecommunication services.
In terms of geography, North America is expected to be the largest and the fastest growing market during the forecast period, owing to the presence of major key players and rising government investments on space technologies.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Satellite Payloads Market, By Frequency Band
6 Global Satellite Payloads Market, By Orbit Type
7 Global Satellite Payloads Market, By Vehicle Type
8 Global Satellite Payloads Market, By Payload Weight
9 Global Satellite Payloads Market, By Payload Type
10 Global Satellite Payloads Market, By Application
11 Global Satellite Payloads Market, By Geography
12 Key Developments
13 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/research/v48z8v/global_satellite?w=4
Source: Business Wire Entertainment News